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Dynacor Declares September 2021 Monthly Dividend

Corporate Actions

DYNACOR DECLARES SEPTEMBER 2021 MONTHLY DIVIDEND

Montreal, August 25, 2021, Dynacor Gold Mines Inc. (TSX: DNG) (Dynacor or the

Corporation) announced its monthly dividend. The declaration of a dividend payment of

C$0.0067 per common share will be payable on September 17, 2021, to shareholders of

record as of the close of business on September 8, 2021. This dividend represents the

eighteenth dividend and eighth monthly payment made to shareholders.

The Corporation’s monthly dividend qualifies as an “eligible dividend” for Canadian

income tax purposes.

The payment and increase of dividends are at the discretion of the Board and will depend

on the Corporation’s fi nancial results, cash requirements, prospects and other factors

deemed relevant by the Board.

ABOUT DYNACOR

Dynacor 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 environmental and socially responsible gold through its PX IMPACT®

gold program. A growing number of supportive firms from the fine luxury jewelry,

watchmakers and investment sectors pay a small premium to our customer and strategic

partner for this PX IMPACT® gold. The premium provides direct investment to develop

health and education projects for our artisanal and small-scale miner’s communities.

Dynacor is listed on the Toronto Stock Exchange (DNG) and the OTC in the United States

under the symbol (DNGDF). Dynacor is listed on the Toronto Stock Exchange (DNG).

FORWARD-LOOKING INFORMATION

Certain statements in the preceding may constitute forward-looking statements, which

involve known and unknown risks, uncertainties and other factors that may cause the

actual results, performance or achievements of Dynacor, or industry results, to be

materially different from any future result, performance or achievement expressed or

implied by such forward-looking statements. These statements reflect management’s

current expectations regarding future events and operating performance as of the date

of this news release.

Toronto Stock Exchange (TSX): DNG

OTC (United States): DNGDF

Shares Outstanding: 38 916 797

Website: http://www.dynacor.com Twitter: http://twitter.com/DynacorGold

CONTACT: For more information, please contact:

Director, Shareholder Relations

Dale Nejmeldeen

Dynacor Gold Mines Inc.

T: 514-393-9000 #230

E: [email protected]