Slide 1: Corporate Presentation
OTCQX: DYNR Corporate Presentation JANUARY 2025 A Junior Gold Producer Poised for Optimization and Growth
Slide 2: Cautionary Note
Cautionary Note Cautionary Note to U.S. Investors The United States Securities and Exchange Commission limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce. We use certain terms on this web site, such as “reserves”, “resourc
Slide 3: DynaResource Overview
DynaResource Overview A Junior Gold Producer Poised for Optimization and Growth San Jose de Gracia – Flagship High-Grade Gold and Silver Mine • District scale project consisting of 33 contiguous concessions totaling over 10,000 ha • Historical mining of ~1Moz in 1890-1910 with bonanza grades of ~1-2
Slide 4: Investment Thesis: Why DynaResource?
Investment Thesis: Why DynaResource? A New, Emerging Gold Producer with Significant Exploration Potential • Updated Mineral Resource Estimate expected in late Q1 2025 Resource Redefinition & • Near mine Mineral Resource growth potential at all key veins (Tres Amigos, San Growth Pablo, Mochomera) ope
Slide 5: Key 2025 Catalysts
Key 2025 Catalysts Significant News Flow in Next 12 Months Q4 2025 Updated Resource Estimate Update resource estimate for 2025 drill campaign Q3 2025 IPO on Major Exchange Uplist to Major North American stock exchange Q2 2025 Exploration Drilling Initial results of new drill campaign Q4 2024 to Q4 2
Slide 6: 2025 Outlook
2025 Outlook Overall Business Improvement Plan to Deliver on Targets Production + Operations Financial • As the optimization program continues at San Jose de • Continued efforts to decrease direct operating costs through Gracia we expected continued production growth in decreasing electricity costs,
Slide 7: Operations Update
Operations Update 2024 Operational Results • Continued elevated levels of Gold ounces produced with 2,182 ozs produced in November 2024 • Average gold grades demonstrating steady improvements upwards of 4 g/t gold • Mill reached over 800 tpd multiple times in the last few months • Plant has been ope
Slide 8: Sierra Madre Occidental Gold Belt
Sierra Madre Occidental Gold Belt San Jose de Gracia Located on Trend of Prolific Geological Region OTCQX: DYNR www.dynaresource.com Page 7
Slide 9: Geology – Mineable Inventory
Geology – Mineable Inventory Block Model of Existing Mine Deposits and Gold Grades The Company’s primary deposits under production consist of: • Tres Amigos • San Pablo: including San Pablo, San Pablo Sur, San Pablo Este, and San Pablo Viejo • La Mochomera The block models indicate the estimated gol
Slide 10: Geology – Near-Mine Growth Opportunity
Geology – Near-Mine Growth Opportunity 1 Million Ounce Gold Exploration Potential Estimated 1Moz gold exploration potential in near-mine and known targets. Land package contains numerous additional targets. OTCQX: DYNR www.dynaresource.com Page 9
Slide 11: Regional Exploration/Resource Growth Potential
Regional Exploration/Resource Growth Potential Underexplored Large Land Package with Multiple Known Targets Unexplored • Extensive land package still minimally explored portion of property • Multi-million gold ounce potential • Total drilling of over 120,000 meters to discover over 1Moz resource • H
Slide 12: Regional Geology / Long Section
Regional Geology / Long Section Targets New Potential and New Resources Long Section at Looking Northwest Strategic Tunnelling Plans A A” SPS 550S L Drilling Plan 79.7 Au gr/t Grade 79.7 Au gr/t@ 1.0m HACIENDITAS ORANGE TREE TRES AMIGOS SAN PABLO MOCHOMERA 9 (Production) (Production) (Production) 8
Slide 13: Capital Structure Overview
Capital Structure Overview Capital & Ownership Structure Capital Structure Ownership Structure Share Price (Dec 31, 2024) $1.00 00 0% 0% Retail Shares Outstanding 29.4M 100% Cash and Short-Term Investments $5.3M As at December 31, 2024 Market Capitalization $29.4M Insiders 16% Warrants + Options 2.0
Slide 14: An Undervalued Gold Producer
An Undervalued Gold Producer Significant Rerating Potential 2024 E EV/Production (US$/oz) Minera Alamos $11,777 Orla $10,038 Wesdome $7,569 Calibre $6,609 McEwen $6,299 Aris $5,860 Americas G&S $3,469 Jaguar $3,110 Mandalay $1,901 Serabi $1,829 Cerrado $1,543 Orvana $1,228 DynaResource $915 Gold Res
Slide 15: Leadership Team
Leadership Team Seasoned, New Management Team and Experienced Board DynaResource Board of Directors & Management DynaResource de Mexico S.A. de C.V. – Management ➢ Rohan Hazelton, President & CEO, Director CPA, former Goldcorp and Cerrado Gold ➢ Alonso Sotomayor , CFO CPA, former KPMG, Deloitte, Cer
Slide 16: Appendix
OTCQX: DYNR Appendix
Slide 17: Production History
Production History Gold Concentrate Production Summary (2016 thru Sept 30,2024) Production Highlights: ➢ Production began in 2016 with throughput rate of 100tpd growing to 850-900tpd in Oct 2024 ➢ Gold production increased from 10,836 ounces in first year of production to 31,905 in 2022 Reported Au
Slide 18: Historical Mineral Resource Estimate
Historical Mineral Resource Estimate For the Primary Deposits of Tres Amigos, San Pablo, La Union and La Purisima HISTORICAL MINERAL RESOURCE ESTIMATE Mineral Resource Estimate published effective February 6, 2012 prepared by Servicios y Proyectos Mineros de Mexico SA de CV and Chlumsky, Armbrust &
Slide 19: Regional Geology Map
Regional Geology Map La Prieta Conceptual Exploration Tunnel LA PRIETA Regional Potential CONCEPTUAL TUNNEL Cross Section Looking West 600-700m N 2 km Tre s Amigos Tre s N Amigos San Pablo & S an Pablo Sur San Pablo & S an Pablo Sur La Mochomera Rosario La Prieta Regional Geology Main Tunnel New Por
Slide 20: San Pablo & Mochomera Gold Potential
San Pablo & Mochomera Gold Potential LA MOCHOMERA VEIN LONG SECTION SAN PABLO VEIN LONG SECTION S N S N 300 m 600 m 1500 meters 3000 meters As ore drives As ore drives OPEN Plus drifting waste Plus drifting waste Palos Chinos 577L 563 Level 563 L 3 548 L 533 N 518 N 515 L 500 N 500 L 1 500 L 470 N 4
Slide 21: San Pablo Mine South Level
San Pablo Mine 500 South Level SAN PABLO VEIN LONG SECTION 500 South Level Demonstrating High Grade “Bonanza” Potenial PLAN VIEW Fte 588 Reb 515 N Fte 500 S Fte 486 S Fte 487 Rpa SPS Open to South, Lateral and at Depth Rpa SP Planned Drifting Planned Drilling Program Planned Stope 100 m Current Stop
Slide 22: Example Tres Amigos Potential - Targets
Example Tres Amigos Potential - Targets WASTE RAMP ? PLANNED MINE PORTAL CREEK 50-70 m ? 1 TARGET 31.1035 TONS Au g/t Oz Au ORE DRIVE 1 2.7 50,625 6.0 9,766 TOTAL 37,969 7,324 31.1035 OPEN 2 2 2.7 101,250 6.0 19,532 ACTUAL 594 STOPE TOTAL 75,938 14,649 IN PRODUCTION 31.1035 OPEN 3 2.7 202,500 6.0 39
Slide 23: Geology
Geology UG Mining & Exploration Targets for New Resource LONG SECTION LOOKING WESTERN S LOW ANGLE FAULT N SAN PABLO TRES AMIGOS MOCHOMERA CESEÑA CESEÑA PALOS CHINOS LA PRIETA- EL SALTO ROSARIO PURISIMA OPEN ?? OPEN ?? HACIENDITA NEW MINE POTENTIAL NEW MINE POTENTIAL OTCQX: DYNR www.dynaresource.com
Slide 24: Cross Section
Cross Section Geological Model Raise Bore 250m Raise Bore 250m 2.2 g/t_Au @ 1.0m 2.2 g/t_Au @1.0m 7.0 g/t_Au @1.0m 485 L 2.5 g/t_Au @ 1.0m Planned Cross Cut 300m Connect Exploration & Haulage 9.5 g/t_Au @1.5m 5.2 g/t_Au @ 1.5m High Grade Geological Potential Ore Shoot OTCQX: DYNR www.dynaresource.co
Slide 25: Regional Geology
Regional Geology UG Mine Model to Explore N Tres Amigos DRILLING/DRIFTING 50-70° PLAN 2025 Q1-2-2025 Expl Drilling 2025 San Angel Q3-2025 Q1-2-2025 Main Corridor N-S 50-70° Two Faces 470 North Level San Pablo & San Pablo Sur Planned Cross Cut 300m to connect • Haulage • Ventilation • Exploration Dri
Slide 26: Grade Control
Grade Control Instituting Operational Discipline • Demarcation lines for topographical control prepared by Geology Dept. • Drill and blast lines clearly marked • Lines to demarcate mucking boundaries OTCQX: DYNR www.dynaresource.com Page 25
Slide 27: Long Hole Stoping
Long Hole Stoping New Long Hole Stoping for Specific Mine Areas OTCQX: DYNR www.dynaresource.com
Slide 28: Mill Flow Sheet Flotation Concentrate Circuit
Mill Flow Sheet 900 tpd Flotation Concentrate Circuit OTCQX: DYNR www.dynaresource.com Page 27
Slide 29: Corporate Office and Contact
CORPORATE OFFICE: CONTACT: The Urban Towers Investor Relations 222 West Las Colinas Blvd E: info@dynaresource.com Suite 1910 North Tower T: (972) 869-9400 Irving Texas 75039 www.dynaresource.com