Dynacor: Denis Lachance Joins Dynacor’s Board of Directors

MONTREAL, QUEBEC–(Marketwire – June 20, 2012) – Dynacor Gold Mines Inc. (TSX:DNG) (Dynacor or the Company) is pleased to announce that Mr. Denis V. Lachance, P. Eng., has been appointed to the Company’s Board of Directors as of the 5^th of June 2012.

Denis Lachance is a senior business leader that has led several multi-million dollar mining projects during the last 15 years. From 2008 to 2011, he was the President of Koniambo Nickel SAS a joint venture in New Caledonia (France) between Xstrata Nickel and la Société Minière du Sud Pacifique that is developing a multi-billion dollar industrial project that involves putting into production one of the largest and highest grade nickel resources of the world. Prior to this from 2003 to 2006 Denis Lachance was Vice President of the Raglan mine in Nunavik, Quebec for Falconbridge where he successfully steered the multi-facility operation to set new production records and managed a 250 million dollar annual budget and more than 1000 employees. Earlier on in his career Denis Lachance, worked as a mining engineer and general manager in many different mines in Canada (for various companies such as Noranda, TVX Gold, Agnico-Eagle and Lac Minerals).

Dynacor Gold’s management and its Board of Directors welcomes Denis as a member of the Board and considering the breath of his expertise in the mining world looks forward his valuable participation in the furtherance of the development of the Company.

ABOUT DYNACOR GOLD MINES INC.

Dynacor is a gold exploration and mining company active in Peru through its subsidiaries since 1996. The Company differentiates itself from pure exploration companies as it also generates income and cash flow from its wholly owned ore processing plant in Peru. The Company’s assets include six exploration properties, including the Tumipampa property, along with its recently upgraded 220 tpd ore processing mill at Acari. Dynacor’s mill produces gold from the processing of ore purchased from local producers. Dynacor’s strength and competitive advantage comes with the experience and knowledge the Company 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.

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