Dynacor Produces 6,277 Ounces of Gold in November

MONTREAL, Dec. 21, 2018 - Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation) is pleased to announce today its November gold production results at its Veta Dorada Plant in Chala, Peru.

In November, the Corporation processed 7,964 DMT of ore and produced 6,277 ounces of gold for cumulative gold production of 73,293 ounces thus far in 2018. The November production was mainly affected by a 13.1% decrease in ore grade compared to the previous month when it produced 7,352 ounces of gold over a volume of 8,126 DMT processed in October 2018.

Overall, after eleven months in 2018, the Veta Dorada plant has processed 82,911 DMT of gold mineralized material which represents a significant 21.4% increase compared to the 68,309 DMT processed for that same period in 2017.

Dynacor, the largest publicly owned ore processing company in Peru has a proven and long history of purchasing high-grade ore in the country. The Corporation expects to report in 2018, its historical best annual gold production.

A photo accompanying this announcement is available at:

Figure 1: http://www.globenewswire.com/NewsRoom/AttachmentNg/1c4ade65-f3e2-421b-91c8-1ba08170aef8

ABOUT DYNACOR GOLD MINES INC.

Dynacor Gold Mines Inc. is a gold production corporation headquartered in Montreal, Canada. The corporation is engaged in production through its ore processing operations. At present, Dynacor produces and explores in Peru where its management team has decades of experience and expertise. In 2017, Dynacor produced 79,897 ounces of gold, a 9% increase as compared with 2016 (73,477 ounces). Dynacor trades on the Toronto Stock Exchange (DNG) and the OTC in the United States under the symbol (DNGDF).

FORWARD-LOOKING INFORMATION

Certain statements in the foregoing 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.

Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF)

Website: http://www.dynacor.com
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For more information, please contact: Dynacor Gold Mines Inc.