2013-09-10: Corporate Update

CORPORATE

PRESENTATION

SEPTEMBER, 2013TSX:DNG

US:DNGDF

DISCLAIMER: FORWARD

LOOKING STATEMENTS

This presentation contains certain forward-looking statements regardingoperational information, future exploration and development plans andanticipated future production. Words such as, potential”, “building” “inferred”,“if”, “will”, “expect”, “forecast”, “estimate”, “consider”, “may”, “possible” andsimilar expressions have been used to identify these forward-lookingstatements. These statements are management’s current beliefs and are basedon information currently available to management.

Forward-looking statements involve significant risk and uncertainties. A numberof factors could cause actual results to differ materially from the resultsdiscussed in the forward-looking statements including, but not limited to,changes in general economic, political and market conditions and other riskfactors. Although the forward-looking statements contained herein are basedupon what management believes to be reasonable assumptions, managementcannot assure that actual results will be consistent with these forward-lookingstatements. Investors should not place under reliance forward-lookingstatements.

Forward-looking statements and other information contained herein concerningthe metals and mining industry and Dynacor’s general expectations concerningthe industry are based on estimates prepared by management using data frompublicly available industry sources as well as from private sources, industryanalysis and on assumptions based on data and knowledge of the this industrywhich the Company believes to be reasonable. However, this data is inherentlyimprecise. While Dynacor is not aware of any misstatements regarding anyindustry data presented herein, the industry involves risks and uncertainties andis subject to change based on various factors. There is no certainty theprojections will be met.

A NON-DILUTIVE GOLD COMPANY 2

A Non-Dilutive Gold Company

Exploration

Auto financed

Profitable

Dynacor is an industrialized-type gold company with a low risk business model.

GOLD PRODUCTION (CASH FLOW MACHINE): Dynacor’s gold ore-processing division, located in Peru, generates steady cash flow and profits while reducing risk. HOW?

• Cash flow pays for exploration and all other costs; • Avoids shareholder dilution;• Net earnings of USD $7.7 M ($0.22 per share) in

2012.

EXPLORATION (BLUE SKY REWARD): Dynacor has a $2.8 M drilling and cross-cut campaign underway on its flagship copper and gold exploration property, Tumipampa, surrounded by senior mining companies developing large scale skarn/porphyry copper/gold mines.


7,292

10,576 10,478 9,926 11,808 11,134

13,157 13,101 12,392

17,168 18,603

20,027

17,893

25,000

32,500

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

Go

ld P

rod

uct

ion

(o

un

ces)

Quarterly Gold Production in the last 3 Years (ounces)

• Production forecast based on: 450 TPD | gold grades of 0.70 ounce/tonne | 340 working days | 94% recovery• Production forecast based on: 600 TPD | gold grades of 0.70 ounce/tonne | 340 working days | 94% recovery

New mill at Chala

WHY INVEST IN DYNACOR NOW? QUARTERLY GOLD PRODUCTION FORECAST


Averaging a gross profit of $252/oz in the last 3 years

0.90 0.88 0.78 0.85 0.73 0.75 0.79 0.82 0.93 1.03 1.14 1.01

0.00

0.50

1.00

1.50

Go

ld G

rad

e

(Ou

nce

/To

nn

e)

Quarterly Average Gold Grade in the last 3 Years

Averaging 0.88ounces/tonne Au

Produced 6,460 ounces with an average grade of 1.01 oz/tonne

in July/2013

$1.54/share

0.10

0.13 0.13

0.13

0.140.14 0.14 0.14

0.13 0.130.17 0.17

0.17

0.17

0.170.17

0.22

0.29

0.29

0.290.29

0.290.29

0.29

0.29 cf/share

$0.00

$0.20

$0.40

$0.60

$0.80

$1.00

$1.20

$1.40

$1.60

$1.80

$2.00

Cash Flow Per Share and Monthly Average Stock Price

DNG Stock Price Cash Flow Per Share


WHY INVEST IN DYNACOR NOW? GROWING CASH FLOW/SHARE

The company is currently trading at 5.0 times cash flow per share($0.29 Cash Flow Per Share TTM).

http://www.marketwire.com/press-release/dynacor-announces-total-sales-105-million-net-income-us77-million-022-per-share-fiscal-tsx-dng-1773277.htm


WHY INVEST IN DYNACOR NOW? ONE BIG DIFFERENCE FROM 2012

TSX:DNG’S HISTORICALLY STRONG Q4 SEASON

DRILL RESULTS FROM TUMIPAMPA

CONSTRUCTION ANNOUNCEMENT ON NEW CHALA PLANT

3 YEAR CHART HISTORY: ADVANTAGE DYNACOR PROOF IN THE STOCK PRICE


Currently a $1.54/share

TSX:DNG’S HISTORICALLY

STRONG Q4 SEASON

Q4-2010

Q4-2011

Q4-2012

Q4-2013

Huanca: Gold/silver ore processing plant with a capacity of 230 tpd

Chala:New mill planned with initial capacity of 300 tpd and readily expandable to 600 tpd

2012: Gold Production of 61,274 ounces averaging 213.79 tpdat 0.901 ounce/tonne

Tumipampa:

Flagship Exploration PropertyRecently discovered (Aug 2013) high grade

Au/Ag results at Manto Dorado

Polymetallic skarn zone (4km long)

On the same fault and flanked by two giant world class skarns :

• Los Chancas (355 million tonnes at 0.62% Cu, 0.05% Mo and

0.039 g/t Au) (Southern Copper)

• Las Bambas (1.710 billion tonnes at 0.61% Cu and

0.02 %/t Mo, 0.11g/ Au) (Glencore Xstrata PLC)

PERU

CASADEN (Au)

HUANCA PLANT (Au)

TUMIPAMPA (Cu/Au)

Los Chancas (Southern Copper) (Cu/Au )Las Bambas

(Xstrata) (Cu/Au)

Huquira (Antares Minerals) (Cu)

Tintaya (Xstrata)(Cu/Au)

Orcopampa (Buenaventura)(Au/Ag)

Yanacocha (Newmont/Buenaventura) (Au)

Lagunas Norte (Barrick) (Au)

Constancia (Norsemont) (Cu)

Pierina (Barrick) (Au)

ANTA (Ag)

EGNONE (Au/Cu)

Production Exploration

NEW CHALA PLANT (Au)


Purchase ore at a discount

Receive ore by truck

Weigh and assay ore for gold content Dynacor pays miner based on

gold content and discount to spot price

Ore is processed

through plant

Gold bars are sold at

spot price

ORE-PROCESSING STEPS


NEW CHALA GOLD PROCESSING PLANT DEVELOPMENT TIMELINE

2012/2013

•Two participative community workshops successfully completed

•Submission of Environmental Impact Assessment – done

•Hydrological study – done

•Purchase of land – done

•Engineering plan – done

•Construction plan – done

•Environmental Impact Assessment - received permit in Dec

•Published public notice announcement in Lima newspaper

Construction

Phase

Q4-2013

•Construction of phase 1 begins immediately upon receipt of the construction permit

•Construction of the tailings pond

Production

2014

•Testing the new plant Q2 - 2014

•New plant commissioned and in operation mid 2014

•Upgrading plant to 450 tpd


• Unlimited space for tailings pond• Mining friendly

region• Access to a

region with an abundance of

gold ore

Brand new equipment optimizes production and cost control

Easy access for heavy trailers

Dynacor has an ore purchasing office in the

area and is recognized as a reliable honest business

partner

KEY BENEFITS TO THE NEW ORE-PROCESSING FACILITY AT CHALA


New Government formalizes and regulates

the artisanal mining sector

New mining laws in force since March 2012

Improves working

conditions

Environmental

protection

Increases government tax

revenues

Increased demand for legally compliant

ore-processing

A window of opportunity for

Dynacor’sore-processing

division?

NEW MINING LEGISLATION PRESENTS OPPORTUNITY


TUMIPAMPA: FLAGSHIP MULTI-MINERALIZED GOLD PROJECT

Drilling data reveals high levels of anomalous polymetallic grades for Ag, Cu, Mo and Zn in zone 4

The first six holes drilled intersected an altered monzonitecontaining high anomalies of gold, silver, copper, molybdenum, lead and zinc, a tantalizing hint of what

may come from next set of drill results

Some of the world’s largest and most valuable mines in the world

are polymetallics. The largest mine in the world: Olympic Dam is an 8 B ton behemoth. More

metals available, buyers attracted for metal price balance…

Skarn

Zones 1-4

Gold Veins

(15) To date

Disseminated

Breccia

MANTO DORADO (JULY, 2013 RESULTS)

Bonanza Gold Grades

36.5 g/t Au over 4.9 meters including

111.5 g/t Au over 0.75 meters.

High grade gold mineralization

over 7.4 meters.

Underground drill campaign

September, 2013

First NI 43-101 resource calculation

ROSA/A/PORVENIR VEINS

Intercepted 7.3 g/t Au over 6 meters

Large parts of the property indicate deeper sources of

mineralization.

Barrick’s deeper Laguna NorteDeposit (9M oz) is hosted in

brecciated quartzite;


TUMIPAMPA: IN A DEVELOPING MINING DISTRICT

A NON-DILUTIVE GOLD COMPANY

Dynacor“Tumipampa”

12,307 m drilled to date Targeting first

43-101 resource

Hudbay Mining “Constancia”

277Mt, 0.43% CuAcquired March/11

$520M ($0.10/lb Cu)

$1.5B in development

First Quantum“Haquira”

569Mt, 0.64% CuAcquired Oct/10

$460M ($0.06/lb Cu)

Panoro“Antilla”

154Mt, 0.47% Cu15,332 m

drilling to date

Panoro“Cotobambas”

404Mt, 0.42% Cu(204M shares outstanding)

Southern Copper (GrupoMexico)

“Los Chancas”355Mt, 0.62% Cu$1.2B projected

development budget

Glencore/Xstrata“Las Bambas”

1.7Bt, 0.60% Cu$5.2B in development

0 km 80 km

West East

$8 Billion in development and 3.6

Billion tons of ore discovered

to date

Bear Creek“La Yegua”

Cu/Au projectJoint Venture with Japan

(JOGMEC)Drilling campaign

underway

BHP, Golden Ideal Mining and Super Strong

Mining from China recently staked claims

adjacent to Tumipampa

0 km

An Emerging Copper/Gold

Belt

60 km

TUMIPAMPA: ON-GOING DRILLING AND CROSS-CUTTING PROGRAMS


To Date:

Developed a 20 foot high 388 square foot

underground drilling gallery in July, 2013

Excavated a 978 foot cross-cut measuring

11.0 feet wide X 8.0 feet high in the Manto Dorado in 2013

Conducted a 1,064 ha geophysical study

including a magnetic and induced polarization survey in 2011

Collected 1,300 geochemical samples

Drilled 12,307 meters

TUMIPAMPA

Los Chancas / Souther Peru Copper Corp. (32)355 MT @ 0.62%Cu, 0.07% Mo, 0.039 g/t Au

Las Bambas / Glencore/Xstrata (36-35)1,710 MT @0.61%Cu, 0.02%/t Mo, 0.11g/t Au

Tintaya/ Xstrata (42; 35-33)200 MT @1.15%Cu

Antapacay/ Xstrata720 MT @0.56%Cu

Antapite / Buenaventura221.23 koz Au, 0.33 moz Ag

Orcopampa / Buenaventura2098.40 koz Au, 70.26 moz Ag

Arcata / Cía Hochschild Mining163.71 moz Ag, 481.33 koz Au

Pallancata / Cía Hochschild Mining169.63 koz Au, 19.79 moz Ag

Selene / Cía Hochschild Mining121.09 moz Au, 17.91 moz Ag

Ares / Cía Hochschild mining1210.75 koz Au, 19.79 moz Ag

Caylloma / Minera Bateas S.A.C.600.02 koz Au, 51.68 moz Ag

Shila-Paula / Buenaventura653.13 koz Au, 6.13 moz Ag

APURIMAC COPPER PORPHYRY-SKARN BELT

EPITHERMAL GOLD SILVER BELT

Ataspaca (40)

Ticnamar (41)

Queen Elizabeth (36)

Qda Blanca Collahuasi-Ujina (35-32)

El Abra – Conchi (37-36)

Chuquicamata MM-Tomic (34-31)

Esperanza Telégrafo (42-41)

Centinela Polo Sur (44)

Gaby (42-40)

Escondida – Escondida Norte Saldivar (38-35; 35-31)

Chimborazo (39-38)

Exploradora (33-32)

El Salvador (44-41)

Potrerillos (36-35)

La Fortuna (35-32)

Apolinario (35)

Apolinario (35)

Constancia / Norsemont.413 MT @ 0.44 % Cu, 0.01% Mo

Haquira/ First Quantum1,193 MT @ 0.50% Cu APURIMAC BELT

The Belt is an extension of the world renown Chilean copper porphyry belt Exclusive to Peru the belt holds the

geological distinction of hosting copper /gold mineralized skarns The skarns layered on top of the

porphyries often contain higher grade mineralization

Pierina / Barrick771 koz Au

TWO KEY MINERALIZED BELTS SITUATED ON TUMIPAMPA

TUMIPAMPA: GEOLOGICAL CONTEXT

Straddles the Apurimac belt which hosts the porphyry-copper and base metals rich skarn deposits located within the Abancay deflection zone:

Las Bambas (Glencore/Xstrata Copper) ($4.2B mine development approved) *Los Chancas (Southern Copper Corp) Haquira (Antares Minerals) (Received $460M from First Quantum) in 2011 Constancia (Norsemont) (Received $520M from Hud Bay Mining) in 2011

Additionally Tumipampa is located within a gold-silver rich belt of epithermal veins which host several key hydrothermal deposits:

Orocopampa (2M Au ounce) Pierina (770K Au ounce) Ares (1.2MM Au ounce) Arcata (163K Au ounce) Caylloma (600K Au ounce) Shi-Paula (653K Au ounce) Selene-Pallancanta (300K Au ounce) Antapite (220K Au ounce)

* As of May 2012 immediately adjacent to Tumipampa’s western border.


TUMIPAMPA: MANTO DORADO CHANNEL SAMPLE RESULTS

64.2 g/t Au52.9 g/t Au

47.54 g/t Au

64.9 g/t Au

82.1 g/t Au

111.5 g/t Au

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

90.0

100.0

110.0

120.0

0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 1.1 1.2 1.3 1.4

Go

ld g

rad

es g

/t

True Width Intersection (meters)

Manto Dorado Cross-Cut Channel Samples (July 2013)

North Wall:• Weighted average of samples• 15.6 g/t Au over 7.4 meters

Manto Dorado: The crosscut, oriented north 72 degrees west, intercepted at 135

metres the gold mineralized structure which has a width of 23.0 metres.

South Wall:• Weighted average of samples• 14.4 g/t Au over 7.4 meters

Roof of cross-cut:• Weighted average of samples• 36.5 g/t Au over 4.9 meters

A NON-DILUTIVE GOLD COMPANY

TUMIPAMPA: MANTO DORADO DETAILED SAMPLE LOCATIONS

N

O

R

T

H

W

A

L

L

Sample Width (m)Assay Lab Results

Au g/t Ag g/t Cu(%) Pb(%) Zn(%)

3098 0.3 64.19 20.99 0.33 0.03 0.03

3102 0.9 0.14 0.19 0.01 0.00 0.01

3107 0.5 52.87 44.19 0.34 0.08 0.08

3108 0.7 2.13 1.80 0.03 0.04 0.03

3123 1.0 32.03 81.89 0.88 0.43 0.93

3126 1.2 23.82 54.21 0.23 0.04 0.17

3127 0.4 10.87 1.21 0.01 0.00 0.01

Weighted Avg 22.35 35.77 0.29 0.11 0.25


R

O

O

F


3168 0.5 4.92 17.11 0.14 0.08 0.15

3167 0.5 64.90 28.30 0.30 0.05 0.05

3166 0.4 82.10 120.98 2.59 0.17 0.31

3165 0.3 8.40 3.73 0.02 0.02 0.05

3164 1.1 0.61 0.62 0.00 0.00 0.01

3163 0.4 0.16 0.62 0.00 0.00 0.01

3162 0.5 40.10 37.32 0.01 0.12 0.29

3161 0.5 11.85 28.92 0.01 0.03 0.03

3160 0.8 111.50 159.85 1.13 0.26 0.23

3159 0.5 0.09 0.59 0.00 0.00 0.01

Weighted Avg 33.08 41.99 0.39 0.08 0.22

Average grade: 15.6 g/t Au over 7.4 m true width


S

O

U

T

H

W

A

L

L


3114 0.6 28.03 10.61 0.07 0.00 0.03

3133 1.1 0.32 0.59 0.00 0.00 0.01

3135 0.8 28.87 18.60 0.08 0.08 0.18

3137 0.4 0.38 0.50 0.00 0.00 0.01

3138 1.3 47.54 44.38 0.07 0.07 0.05

3139 0.6 0.35 1.09 0.01 0.01 0.01

Weighted Avg 21.26 16.79 0.04 0.03 0.05



TUMIPAMPA: JULY 2013 MANTO DORADO CHANNEL SAMPLES

64.9 g/t Au

32.0 g/t Au

23.8 g/t Au

111.5 g/t Au

TUMIPAMPA: MANTO DORADO Q4 2013 UNDERGROUND DIAMOND DRILL TARGETS


A crosscut tunnel driven west to the Rosa Vein is expected to intersect

additional gold veins.

Cross CutProject

SKARN

CURRENT DRILL RIG LOCATION

8 HOLESTBA

July 2013, Cross Cut intercepts bonanza grade

gold mineralization of 36.5 g/t Au, 46.4 g/t Ag, and 0.43% Cu over 4.9 m including 111.5 g/t Au,

159.9 g/t Ag, and 1.13% Cu over 0.8 m

OLD SPANISH STOCK PILE

Zone 4

Zone 3

Zone 2

Zone 1

TUMIPAMPA: GEOPHYSICAL IDENTIFYS POTENTIAL ORE BODY

TUMIPAMPA: GEOPHYSICAL

TUMIPAMPA: GEOPHYSICAL MAP

BRECCIA

Poctococha Lagoon

Balsacocha Lagoon

Patacocha Lagoon

Skarn (E)Cu-Au

Skarn (W)Cu-Au

Gold veins

Disseminated gold

Zone 4

Old Spanish gold-rich tailings

Cross-cut tunnel location

0 1 km

15 gold veins discovered to date Ancient drifts from Spanish colonial period 2 old stock piles discovered by Tumipampa River Project consists of three types of gold mineralization: Skarn, Gold Veins and

Disseminated Gold associated with Breccias

TUMIPAMPA: 3D MAP


Zone 3

Zone 2

Zone 1

FINANCIAL OVERVIEW

Dynacor Gold Mines: A self-financed gold company: operating an ore-processing division to generate gold sales that fund the exploration of high-reward mineral properties.

”Dynacor Gold Mines is NOT a diluting asset.”

As at June 30, 2013, the Company’s working capital amounted to $15.2M including $10.0M in cash

• Toronto Stock Exchange – Symbol: DNG

• Shares issued : 36.3M

• Options : 2.3M

• Fully diluted shares : 38.6M

• Share price : $1.54 (Sept 2013)

• Capitalization : $59.4M CAD

Capitalization

June 30, 2013


Others

Trapeze Asset Management

Sprott Asset Management

National Bank Wealth Management Group

JP Private Investor Group

Higher Ground Private Investor Group

Wunderlich Securities

CIBC Wood Gundy

Caisse de Depot

Marmite Capital AG

Neuberger Berman

KEY SHAREHOLDERS


Experienced and well-balanced team with expertise in:

Geology/Exploration Metallurgy Mine building/engineers Underground/surface mining Custom milling Business management Finance Marketing

Since the inception of Dynacor Gold Mines Inc. in the fall of 2007, the management team has remained focused on a disciplined capital structure, via generating cash flow from its ore-processing division, to unlock the greater shareholder value through the exploration of its 100% owned Tumipampa advanced gold exploration project.

Management strives to avoid dilution of its shareholders by repeated financings that typify the junior gold exploration sector.

JEAN MARTINEAU, PRESIDENT AND CEO• 20 YEARS EXPERIENCE IN THE RESOURCE INDUSTRY IN CANADA AND SOUTH AMERICA• FORMER DIRECTOR OF WESDOME GOLD MINES 1999 – 2007

LEONARD TEOLI, VICE PRESIDENT AND CFO• 20 YEARS EXPERIENCE IN ACCOUNTING AND FINANCE EXECUTIVE • FORMER CFO OF DIA BRAS EXPLORATION 2003-2008 • STARTED CAREER WITH PRICE WATHERHOUSE 1987 – 1996• MEMBER OF THE CANADIAN INSTITUTE OF CHARTERED ACCOUNTANTS SINCE 1990

JORGE LUIS CARDENAS, GENERAL MANAGER ORE-PROCESSING• MINING ENGINEER• MORE THAN 10 YEARS EXPERIENCE IN MINING (10 YEARS WITH DYNACOR)

ALONSO SANCHEZ, CHIEF GEOLOGIST• 15 YEARS EXPERIENCE AS A MINE AND EXPLORATION GEOLOGIST (EXPERT OF PERUVIAN

GEOLOGY)• FORMER GEOLOGIST OF PUBLICLY LISTED COMPANY BUENAVENTURA S.A.A FROM 1995-

2006• EXPERT IN EPITHERMAL GOLD, SILVER, TIN, TUNGSTEN, POLYMETALLIC DEPOSITS AND

SKARNS IN PERU

MANAGEMENT


FIVE NEAR-TERM (2013) STOCK PRICE DRIVERS


EXPECTING TO ANNOUNCE CONSTRCUTION PERMIT FOR NEW MILL

(OPENS PATH TO SIGNIFICANT GROWTH)

ANNOUNCES DRILL RESULTS FROM TUMIPAMPA HIGH GRADE DEPOSIT

(PROGRESSES TO 43-101)

Q3-2013 EARNINGS REPORT(BUILDS FUNDAMENTAL SUPPORT AND

RISING FLOOR IN STOCK PRICE)

STRONG Q4 SEASON

(NEWS FLOW AS WE START CONSTRUCTION AND RELEASE MORE DRILL RESULTS)

3 INVESTOR CONFERENCES SCHEDULED

(BROADENS SHAREHOLDER BASE)

June

September

August

November

October

December

July

$1.21/share

$1.44/share

$1.50/share

$1.54/share

• Consistently increasing cash flow;

• Ramping up gold production in 2013;

• Drilling exploration property with significant geological potential (Cu-Au Skarn + 14 high grade gold veins );

• New drilling campaign underway;

• Low number of shares issued;

• Business model protects against future dilution;

Dynacor Gold Mines Inc.A Solid Business Model

and Promising Future


Head Office

625, boul. René-Lévesque OuestSuite 1105

Montréal, (Québec)H3B 1R2

(514) 393.9000

Dale NejmeldeenInvestor Relations

(604) 492.0099

www.dynacorgold.com

2013-09-10: Corporate Update

Technology

Transcript of 2013-09-10: Corporate Update