Mr. Jean Martineau reports

DYNACOR ANNOUNCES RETIREMENT OF MR. LEONARD TEOLI AND APPOINTMENT OF NEW CHIEF FINANCIAL OFFICER

Dynacor Group Inc. is offering its deep gratitude to Leonard Teoli upon his retirement while introducing a new chief financial officer.

After a 14-year career at Dynacor and following a long-standing transition plan, Mr. Teoli will retire from the corporation as chief financial officer and vice-president, finance. He had informed both the president and chief executive officer, Jean Martineau, and the board in June, 2024, of his intention to retire after the 2024 year-end financial results.

"Leonard has ably shepherded our financial performance since our start-up period, while instilling the discipline to invest in priorities that set the stage for our next chapter," said Mr. Martineau. "His experience and knowledge of the mining sector were of great benefit to Dynacor and have created an opportunity to build on a strong foundation. Over the past 14 years, he has been an invaluable partner to me and to the management team. I have greatly appreciated working with Leonard."

"Members of the board of directors join with members of the management team and Dynacor employees in congratulating Mr. Teoli for his durable contribution and for his greatly appreciated personality. We wish Leonard a fulfilling retirement, full of new adventures and precious moments with his loved ones."

Nomination of Stephane Lemarie, CPA

The corporation is pleased to announce, effective May 1, 2025, the appointment of Stephane Lemarie as new chief financial officer and vice-president, finance. Mr. Lemarie is a seasoned accounting and finance executive with over 25 years of experience in senior auditing and finance management roles in multinational environments within both public and private corporations. He joined Dynacor in 2017 as controller and director of financial information where he has successfully stewarded the company's financial reporting and capital allocation. Prior to this, he spent three years at MPC (Technicolor) in Montreal where he held the key role of financial controller. Mr. Lemarie began his career in international finance as an auditor for KPMG in France, serving large industrial clients for 14 years.

"As we begin to execute on our international expansion plans, Stephane will bring a combination of financial, operational and sector expertise to complement our reinforced leadership team," said Mr. Martineau. "He has a track record of managing near-term performance and long-term planning, and he has a deep understanding of the complexities of our unique business model."

About Dynacor Group Inc.

Dynacor Group is an industrial ore processing company dedicated to producing gold sourced from artisanal miners. Since its establishment in 1996, Dynacor has pioneered a responsible mineral supply chain with stringent traceability and audit standards for the fast-growing artisanal mining industry. By focusing on fully and part-formalized miners, the Canadian company offers a win-win approach for governments and miners globally. Dynacor operates the Veta Dorada plant and owns a gold exploration property in Peru. The company plans to expand to West Africa and within Latin America.

The premium paid by luxury jewellers for Dynacor's PX Impact gold goes to Fidamar Foundation, a non-governmental organization that mainly invests in health and education projects for artisanal mining communities in Peru.

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