Dynacor: August 2014 Corporate Presentation

1. INVESTOR PRESENTATION
August -2014

2. Forward Looking Statements
Thispresentationcontainscertainforward-lookingstatementsregardingoperationalinformation,futureexplorationanddevelopmentplansandanticipatedfutureproduction.Wordssuchas,potential”,“building” “inferred”,“if”,“will”,“expect”,“forecast”,“estimate”,“consider”,“may”,“possible”andsimilarexpressionshavebeenusedtoidentifytheseforward-lookingstatements.Thesestatementsaremanagement’scurrentbeliefsandarebasedoninformationcurrentlyavailabletomanagement.
Forward-lookingstatementsinvolvesignificantriskanduncertainties.Anumberoffactorscouldcauseactualresultstodiffermateriallyfromtheresultsdiscussedintheforward-lookingstatementsincluding,butnotlimitedto,changesingeneraleconomic,politicalandmarketconditionsandotherriskfactors.Althoughtheforward- lookingstatementscontainedhereinarebaseduponwhatmanagementbelievestobereasonableassumptions, managementcannotassurethatactualresultswillbeconsistentwiththeseforward-lookingstatements.Investorsshouldnotplaceunderrelianceforward-lookingstatements.
Forward-lookingstatementsandotherinformationcontainedhereinconcerningthemetalsandminingindustryandDynacor’sgeneralexpectationsconcerningtheindustryarebasedonestimatespreparedbymanagementusingdatafrompubliclyavailableindustrysourcesaswellasfromprivatesources,industryanalysisandonassumptionsbasedondataandknowledgeofthethisindustrywhichtheCompanybelievestobereasonable. However,thisdataisinherentlyimprecise.WhileDynacorisnotawareofanymisstatementsregardinganyindustrydatapresentedherein,theindustryinvolvesrisksanduncertaintiesandissubjecttochangebasedonvariousfactors.Thereisnocertaintytheprojectionswillbemet.
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3. A Gold Performer
Only 36 million shares outstanding
High-Reward
Home Run Potential
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A non-dilutive business model
The key to $1.00 eps

4. A Non-Dilutive Strategy
An industrialized-type gold company with low risk business model in Peru
Operating in Peru for almost twenty years; well acclimatized to its customs and politics
Gold and silver production via ore-processing operation –CASH FLOW GENERATOR
Self finances exploration campaigns
36.4 million shares outstanding
Net income of $9.1 million in fiscal 2013 ($0.25 earnings per share)
$19.2 million working capital as of June 30, 2014
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5. Operations
Ore-Processing
Huanca: Producing
Chala: Emerging Producer
Exploration
Flagship Project: Tumipampa
Greenfield Projects: Anta and Casaden
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PERU

6. Operating Areas
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S
E
W
N
Zoom
Huanca
1
Producer: 250 tpd
Chala
2
Emerging Producer: Awaiting plant permit on new 300 -600 tpd mill
Tumipampa
3
Exploration: Underground high- grade gold drilling; surface drilling on disseminated zone
Lima
DRIVING
0 HOURS
30 HOURS

7. Objectives
Short-term (12 months):
Produce 80,000 ounces on annual basis
Continue cross-cut to 750 meters
Underground drilling (Manto Dorado, VetaRosa, VetaTumi)
Geophysical, geochemical and surface drilling (Disseminated Breccia zone)
Begin exploration campaign on Anta (Ag)
Long-term (12-36 months)
Increase ore-processing capacity to 600 tpd (Chala)
Maximize shareholder value via direct production at Tumipampa
To be the leading ore-processing company in Peru DYNACOR GOLD MINES | TSX:DNG 2014-08-19 7

8. Delivering Over Time: Huanca
0
20,000
40,000
60,000
80,000
100,000
120,000
2010
2011
2012
2013
43,743
74,568
104,994
112,114
33,525
46,025
61,264
76,883
Operational Performance (2010-2013)
Sales ($000)
Gold Production (oz) (000)
Sold 76,883ounces with an average grade of 1.04 oz/tonne (32.34 g/t Au) in 2013
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9. Production Estimate With New Mill Expansion: Chala
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
300 TPD (0.90 OZ/T AU)
450 TPD (0.82 OZ/T AU)
600 TPD (0.75 OZ/T AU)
86,000
118,000
144,000
Gold ounces
Annual Production Estimate
Chala
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10. Solid Operational Execution
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25,000
45,000
52,000
66,000
70,000
33,525
46,025
61,264
76,883
Gold Production
2010
Guidance
2010
Actual
2011
Guidance
2011
Actual
2012
Guidance
2012
Actual
2013
Guidance
2013
Actual
2014
???

11. Actual Cash Flow and Earnings Per Share
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2011
2012
2013
$0.13
$0.26
$0.29
$0.09
$0.21
$0.25
Cash Flow/Share
Earnings/Share

12. Earnings Scenario
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300TPD
450TPD
600TPD
900TPD
1200TPD
86,000
Au oz/yr
118,000
Au oz/yr
144,000
Au oz/yr
216,000
Au oz/yr
288,000
Au oz/yr
0.29
EPS
0.39EPS
0.48EPS
0.71EPS
0.95EPS
Planned Development
Potential Future Development
NET PROFIT/OZ
NET PROFIT MARGIN
$118-126
8-11%
$10.3 MILLION $0.29 EPS
$14.3 MILLION $0.39 EPS
$17.2 MILLION $0.48 EPS
$25.9 MILLION $0.71 EPS
$34.5 MILLION $0.95 EPS
Earnings per share forecast based on: 36 million o/s | $120 per ounce net profit
Range over last 2 years 2012-2013
36 M
shares

13. Tumipampa: High Grade Gold Project:
Ongoing cross-cut and undergrounddrill program
Surface exploration and drilling on disseminated breccia zone
Surrounded by six senior miners in south central Peru
Released drill results of 115.7 g/t (3.7 ounces) Au in December 2013
Auto-financed exploration model
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14. 2014-2015 Exploration Campaign: Tumipampa
Exploration budget of $4.5 million
Excavate 420m cross-cut to Rosa/A/Tumiveins
Drill 12 holes (2000m) in the cross-cut
Drill 5 holes (1800m) in the disseminated zone
Geophysical/surface studies of disseminated zone
Channel samples 19.49 g/t Au, 0.35 oz/t Ag (July 2014)
Geochemical and mapping of disseminated zone
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15. Tumipampa: Project Location
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LIMA
CUZCO
Cuzco Region
Apurimac Region
Arequipa Region
“La Yegua”
Cu/Au project
Joint Venture with Japan (JOGMEC)
Drilling campaign underway
“Cotobambas”
404Mt, 0.42% Cu
“Los Chancas”
355Mt, 0.62% Cu
$1.2B projected development budget
Dynacor
“Tumipampa”
Advancing
High-Grade
Gold zone
“Las Bambas”
1.7Bt, 0.60% Cu
SOLD FOR $6B TO CHINA/ 04/14
“Constancia”
277Mt, 0.43% Cu
Acquired March/11
$520M ($0.10/lbCu)
“Haquira”
569Mt, 0.64% Cu
Acquired Oct/10
$460M ($0.06/lbCu)
•HIGH-GRADE GOLD DEPOSIT
•ADJACENT TO TUMIPAMPA’S SW BORDER
•MINED BY LOCALS FOR OVER 10 YEARS
•AVERAGE GRADE OF 1/OUNCE TONNE
•ORCOPAMPA / BUENAVENTURA
•HIGH-GRADE GOLD/SILVER VEIN DEPOSIT
•2.1 MILLION OZ AU / 19.8 MILLION OZ AG
•EXHIBITS SIMILAR CHARACTERISTICS TO TUMIPAMPA’S HIGH-GRADE VEIN STRUCTURE
0 km
200 km
$8 billion in development and 3.6 billion tons of ore surround Tumipampa

16. Tumipampa: Project Display Model
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 veinsdiscovered to date
Ancient drifts from Spanish colonial period
2 old stock piles discovered by Tumipampa River
Project consists of three typesof gold mineralization: Skarn, Gold Veinsand Disseminated Goldassociated with Breccias
Zone 3
Zone 2
Zone 1
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17. DYNACOR GOLD MINES | TSX:DNG 2014-08-19 17
VETA TUMI
HDD 11
HDD 07
HDD09
HDD10
HDD08
4200
4250
4300
4350 Continuación de Crucero 330NW CRUCERO 330NW
PROY HDD
PROY HDD
PROY HDD
PROY HDD
HDD18
4400
4450
HDD 21
TCD 06
A
B
C
D
E
0 100
GAL 190E
CH 125
1
2
3
4
5
6
7
8
PROY HDD
PROY HDD
Future drill targets
HDD-2013
1
2
3
4
5
6
7
8
HDD Ancho (m) Au (g/t) Ag(oz/t) Cu (%)
HDD01-350-IM 1.56 14.67 0.24 0.51
HDD02-350-IM 1.10 115.66 0.52 3.03
HDD03-350-IM 1.42 23.73 0.25 0.19
HDD04-350-IM 0.60 7.25 0.10 0.42
HDD05-350-IM 1.91 0.99 0.07 0.01
HDD06-350-IM 1.10 0.37 0.09 0.10
HDD07-350-IM 1.20 3.08 0.17 0.32
HDD08-350-IM 1.00 17.28 0.25 2.68
HDD08-350-IM 1.50 14.31 0.69 9.57
HDD08-350-IM 0.50 122.00 1.02 6.59
HDD09-350-IM 1.70 7.09 0.09 0.46
Tumipampa: Cross Section of Underground Works

18. Tumipampa: Ongoing Drilling and Cross-cutting
Drilled 1753 meters in 2ndhalf of 2013
Excavated a 300 meter (978 foot) cross-cut measuring 3 meter (11.0 feet) wide X 2.5 meter (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 a total of 14,060 meters at Tumipampa
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19. Financial Overview
As at June 30, 2014, the Company’s working capital amounted to $19.2M
Dynacor Gold Mines: A self-financed gold company: operating an ore-processing business to generate gold sales that fund the exploration of high-reward mineral properties.
”Dynacor Gold Mines is NOTa diluting asset.” DYNACOR GOLD MINES | TSX:DNG 2014-08-19 19

20. Three Year Overview
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21. Senior Management
Experienced and well-balanced team with expertise in:
Geology/Exploration
Metallurgy
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 AND METALLURGIST
•MORE THAN 20 YEARS EXPERIENCE IN MINING (18 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
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22. Head Office
625, boul. René-Lévesque Ouest
Suite 1105
Montréal, (Québec)
H3B 1R2
(514) 393.9000
Dale Nejmeldeen
Investor Relations
(604) 492.0099
www.dynacorgold.com
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