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Dynacor Group Declares December 2024 Dividend

Corporate Actions

DYNACOR GROUP DECLARES DECEMBER 2024 DIVIDEND

Montreal, November 28, 2024, Dynacor Group Inc. (TSX: DNG) (Dynacor or the

Corporation) announced its monthly dividend payment for December 2024 in the amount of C$0.01167

per common share which will be payable on December 19, 2024, to shareholders of record as of the

close of business on December 11, 2024. This dividend represents the fifty-seventh (57th) dividend and

forty-seventh (47th) monthly dividend 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 financial 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 environmentally 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 is part of the TSX30 program. TSX30 is the flagship program

recognizing the 30 top-performing companies on Toronto Stock Exchange (TSX).

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.

Shares Outstanding: 36,347,306

Website: http://www.dynacor.com

For more information, please contact:

Dynacor Group Inc.

T: 514-393-9000 #232

E: [email protected]