MONTREAL--(BUSINESS WIRE)-- Dynacor Group Inc. (TSX-DNG) ("Dynacor" or the "Corporation"), announces that it has received a formal request from iolite Partners Ltd. (the "Requestor"), the registered holder of approximately 10% of the Corporation's common shares, to call a special meeting of shareholders. The purpose of the proposed meeting is to consider Robert Leitz's candidacy for election to the Corporation’s Board of Directors.

The Requestor expressed disagreement with the Corporation’s decision to pursue the recently announced public offering (the “Offering”) and seeks to present an alternative perspective to the Board of Directors and shareholders.

Dynacor values the opinions and contributions of all its shareholders and is committed to maintaining a transparent and constructive dialogue. The Board of Directors is currently considering the request and is assessing the appropriate course of action in accordance with applicable laws and the Corporation's internal policies. Further information regarding the Corporation's decision on the request for a special meeting will be communicated to shareholders in due course.

The Board of Directors reiterates that the Offering is in the best interest of the Corporation. The proceeds of the Offering will support the Corporation’s expansion efforts. In the meantime, Dynacor remains focused on executing its strategic objectives and maximizing value for all stakeholders.

About Dynacor

Dynacor is a dividend-paying industrial gold ore processor headquartered in Montréal, Canada. The Corporation is engaged in gold production through the processing of ore purchased from the ASM (artisanal and small-scale mining) industry. 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 to other jurisdictions.

Dynacor produces environmental and socially responsible gold through its PX IMPACT® gold program. A growing number of supportive firms from the fine luxury jewelry, watchmaker 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 trades on the Toronto Stock Exchange under the ticker DNG and is ranked on the 2024 TSX30. The TSX30 is an annual ranking of the 30 top-performing companies on Toronto Stock Exchange (TSX) over a three-year period.

Forward-Looking Information

This press release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements, and subject to risks and uncertainties. All forward-looking statements are based on our beliefs as well as assumptions based on information available at the time the assumption was made and on management's experience and perception of historical trends, current conditions and expected future developments, as well as other factors deemed appropriate in the circumstances. No assurance can be given that these assumptions and expectations will prove to be correct. Forward-looking statements are not facts, but only predications and can generally be identified by the use of statements that include phrases such as "anticipate", "believe", "continue", "could", "estimate", "foresee", "grow", "expect", "plan", "intend", "forecast", "future", "guidance", "may", "predict", "project", "should", "strategy", "target", "will" or similar expressions suggesting future outcomes.

Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties. Such forward-looking information necessarily involves known and unknown risks and uncertainties, including the relevant assumptions and risks factors set out in Dynacor's most recent annual management discussion and analysis filed on SEDAR+ at www.sedarplus.ca, which may cause Dynacor's actual results to differ materially from any projections of future results expressed or implied by such forward-looking information. These risks, uncertainties and other factors include, among others, the uncertain and unpredictable condition of global economy. Any forward-looking information is made as of the date hereof and, except as required by law, Dynacor does not undertake any obligation to update or revise any forward–looking statement as a result of new information, subsequent events or otherwise.

No securities regulatory authority has either approved or disapproved the contents of this press release.

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