An anonymous director reports

DYNACOR REPORTS SALES OF US$19.5 MILLION (C$25.1 MILLION) FOR MAY 2022, A 24.2% INCREASE COMPARED TO 2021

Dynacor Gold Mines Inc. had sales of $19.5-million (U.S.) (unaudited) ($25.1-million (Canadian)) for May, 2022, compared with $15.7-million (U.S.) in May, 2021, a 24.2-per-cent increase over last year and a 10.8-per-cent month-over-month increase from the previous month's sales.

During May, the Veta Dorada plant continued working at its full 430-tonne-per-day production capacity.

The average selling price of gold in May was $1,845 (U.S.) per ounce, compared with $1,873 (U.S.) per ounce in May, 2021.

The 2022 cumulative sales at the end of May amounted to $87.2-million (U.S.), compared with $69.2-million (U.S.) for the same period in 2021, a 26-per-cent increase.

For 2022, the corporation forecasted sales in the range of $200-million (U.S.) to $220-million (U.S.) based on an average gold price of $1,800 (U.S.) per ounce.

About Dynacor Gold Mines Inc.

Dynacor Gold Mines is a dividend-paying industrial gold ore processor headquartered in Montreal, Canada. The corporation is engaged in gold production through the processing of ore purchased from the ASM (artisanal and small-scale mining) industry. At present, Dynacor operates in Peru, where its management and processing teams have decades of experience working with ASM miners. It also owns a gold exploration property (Tumipampa) in the Apurimac department.

The corporation intends to expand its processing operations in other jurisdictions as well.

Dynacor produces environmentally responsible and socially responsible gold through its PX Impact gold program. A growing number of supportive firms from the fine luxury jewellery, watchmaker and investment sectors pay a small premium to the company's customer and strategic partner for this PX Impact gold. The premium provides direct investment to develop health and education projects for artisanal and small-scale miner communities.

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