Dynacor Shareholders Deliver Powerful Message With Unprecedented Win in Canadian Proxy Fight

MONTREAL, CANADA–(Marketwired – June 23, 2015) – Dynacor Gold Mines Inc. (TSX:DNG)(OTC:DNGDF) (“Dynacor” or the “Corporation“) today announced the overwhelming support received from shareholders at the 2015 annual meeting (the “Meeting”) which was held on June 22, 2015 in Montreal. A record high percentage of votes were cast (59.98%) representing a majority of its issued and outstanding shares.

Shareholders elected each of the eight (8) management nominees.

The voting results and percentage of votes received from the Meeting are as follows: Rene Branchaud 17,396,651 (99.83%); Eddy Canova 17,406,440 (99.88%); Roger Demers 17,406,451 (99.88%); Jean Depatie 17,406,335 (99.88%); Richard Devitre 17,400,140 (99.85%); Marc Duchesne 17,406,335 (99.88%); Pierre Lepine 17,410,751 (99.91%); Jean Martineau 17,410,740 (99.91%).

In addition, shareholders approved the appointment of Raymond Chabot Grant Thornton, LLP as auditors and a deferred share unit plan (DSU). The voting results are as follows: Raymond Chabot Grant LLP 21,223,803 (99.08%); DSU 13,581,130 (77.93%).

Dynacor’s shareholder base has sent a powerful and clear message to the market and to dissident shareholders.

In the near term, Dynacor will continue moving the Company forward to becoming Peru’s largest and most lucrative ore processor together with delivering significant asset growth from its flagship project Tumipampa.

Jean Martineau, President and CEO stated, “I would like to thank our shareholders for their overwhelming support, record turnout and broad based endorsement of the Corporation’s directors and management. We are committed to making decisions that deliver tangible results for our Corporation and its shareholders. We know that there is a lot of work ahead of us as Dynacor continues to grow. Finally, I also wish to acknowledge the dedication and hard work of our employees and the continued support and loyalty of our shareholders. Together we will continue to create value for all.”

ABOUT DYNACOR GOLD MINES INC.

Dynacor is a gold ore-processing and exploration Corporation active in Peru since 1996. The Corporation differentiates itself from pure exploration companies as it generates income from its wholly owned ore-processing plant. Dynacor’s basic share count at 36.4 million outstanding is in the lowest quartile of the resource sector. The Corporation’s assets include three exploration properties, including the advanced high-grade gold Tumipampa property and an operating 85,000 TPA gold and silver ore processing mill at Metalex-Huanca. The Corporation recently obtained its permit to construct a brand new 300 tpd mill in Chala Peru. This represents an important milestone for the Corporation’s future growth. The Corporation’s strength and competitive advantage comes with the experience and knowledge it has developed while working in Peru. Its pride remains in maintaining respect and positive work ethics toward its employees, partners and local communities.

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)

Website: http://www.dynacor.com

Twitter: http://twitter.com/DynacorGold

Facebook: http://www.facebook.com/pages/Dynacor-Gold-Mines-Inc/222350787793085

Shares outstanding: 36 441 667