INVESTOR PRESENTATION

August - 2014
Forward Looking Statements
This presentation contains certain forward-looking statements regarding operational information, future
exploration and development plans and anticipated future production. Words such as, potential, building
inferred, if, will, expect, forecast, estimate, consider, may, possible and similar expressions have
been used to identify these forward-looking statements. These statements are managements current beliefs and
are based on information currently available to management.
Forward-looking statements involve significant risk and uncertainties. A number of factors could cause actual
results to differ materially fromthe results discussed in the forward-looking statements including, but not limited
to, changes in general economic, political and market conditions and other risk factors. Although the forward-
looking statements contained herein are based upon what management believes to be reasonable assumptions,
management cannot assure that actual results will be consistent with these forward-looking statements. Investors
should not place under reliance forward-looking statements.
Forward-looking statements and other information contained herein concerning the metals and mining industry
and Dynacors general expectations concerning the industry are based on estimates prepared by management
using data from publicly available industry sources as well as from private sources, industry analysis and on
assumptions based on data and knowledge of the this industry which the Company believes to be reasonable.
However, this data is inherently imprecise. While Dynacor is not aware of any misstatements regarding any
industry data presented herein, the industry involves risks and uncertainties and is subject to change based on
various factors. There is no certainty the projections will be met.
2014-08-19 DYNACOR GOLD MINES | TSX:DNG 2
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
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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Operations
Ore-Processing
Huanca: Producing
Chala: Emerging Producer
Exploration
Flagship Project: Tumipampa
Greenfield Projects: Anta and Casaden
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PERU
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
Objectives
Short-term (12 months):
Produce 80,000 ounces on annual basis
Continue cross-cut to 750 meters
Underground drilling (Manto Dorado, Veta Rosa, 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
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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 76,883 ounces with an
average grade of 1.04 oz/tonne
(32.34 g/t Au) in 2013
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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
G
o
l
d

o
u
n
c
e
s
Annual Production Estimate
Chala
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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
???
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
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
0.39
EPS
0.48
EPS
0.71
EPS
0.95
EPS
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
Tumipampa: High Grade Gold Project:
Ongoing cross-cut and underground
drill 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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2014-2015 Exploration Campaign: Tumipampa
Exploration budget of $4.5 million
Excavate 420m cross-cut to Rosa/A/Tumi veins
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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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/lb Cu)
Haquira
569Mt, 0.64% Cu
Acquired Oct/10
$460M ($0.06/lb Cu)
HIGH-GRADE GOLD DEPOSIT
ADJACENT TO TUMIPAMPAS 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 TUMIPAMPAS HIGH-GRADE VEIN STRUCTURE
0 km 200 km
$8 billion in development and 3.6
billion tons of ore surround
Tumipampa
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 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
Zone 3
Zone 2
Zone 1
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V
E
T
A

T
U
M
I
HDD 11
HDD 07
HDD09
HDD10
HDD08
4200
4250
4300
4350
CRUCERO 330NW Continuacin de 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
Tumipampa: Ongoing Drilling and Cross-cutting
Drilled 1753 meters in 2
nd
half 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
2014-08-19 DYNACOR GOLD MINES | TSX:DNG 18
Financial Overview
As at June 30, 2014, the Companys 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 NOT a diluting asset.
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Three Year Overview
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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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Head Office
625, boul. Ren-Lvesque Ouest
Suite 1105
Montral, (Qubec)
H3B 1R2
(514) 393.9000
Dale Nejmeldeen
Investor Relations
(604) 492.0099
www.dynacorgold.com
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