GlobeNewswire Inc | May 27, 2021 07:30AM EDT

May 27, 2021

MONTREAL, May 27, 2021 (GLOBE NEWSWIRE) -- 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 June 17, 2021, to shareholders of record as of the close of business on June 8, 2021. This dividend represents the fifteenth dividend and fifth monthly payment made to shareholders.

The Corporation recently announced its second dividend increase from C$0.005 to C$0.0067, a 33% increase.

The Corporations 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 Corporations financial results, cash requirements, prospects and other factors deemed relevant by the Board.

ABOUTDYNACOR

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 strategicpartner for this PX IMPACT gold. The premium provides direct investment to develop health and education projects for our artisanal and small-scale miners 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-LOOKINGINFORMATION

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 managements 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: 38 727 524

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

PDF available: http://ml.globenewswire.com/Resource/Download/1459d5a4-64dd-4abe-aa9c-177d41d19c54

CONTACT: For more information, please contact:

Director, Shareholder RelationsDale NejmeldeenDynacor Gold Mines Inc.T: 514-393-9000 #230E: investors@dynacor.com