Independent Proxy Advisory Firms ISS and Glass Lewis Unanimously Support the Election of ALL Director Nominees at Dynacor's AGM

Executive Summary

• Dynacor’s director nominees and annual meeting resolutions received favorable voting recommendations from leading independent proxy advisors ISS and Glass Lewis ahead of the June 19, 2026 AGM.
• The company highlighted a strong operational and financial track record, reporting record Q1 2026 production that drove US$13.5 million in operating income, alongside a ~3X cumulative total shareholder return over the past five years.
• Management and the Board urged shareholders to vote for the incumbent slate to maintain governance stability and strategic momentum, dismissing a dissident shareholder campaign (iolite Partners Ltd.) as disruptive and contrary to shareholder interests.

Key Details

• Proxy Advisor Recommendations: ISS and Glass Lewis both recommend voting FOR the election of all director nominees and the re-appointment of the auditor. Glass Lewis also recommends voting FOR the amendment to replenish the Stock Option Plan pool.
• AGM Details: The Annual General Meeting will be held via live webcast on June 19, 2026, at 10:00 a.m. EDT. Shareholders are urged to vote using the original WHITE proxy prior to the deadline and disregard dissident materials.
• Dissident Campaign Context: iolite Partners Ltd. circulated a dissident proxy circular soliciting withhold votes. This follows a pattern of unsuccessful 2025 campaigns, including a failed requisitioned meeting, a failed withhold campaign, and a failed attempt to elect a director. The dissident previously made unreasonable demands regarding share buybacks and legal fees.
• Q1 2026 Financial & Operational Performance: The Corporation reported record first-quarter production, resulting in record operating income of US$13.5 million, demonstrating the resilience of its core operating model amid competitive market conditions.
• Long-Term Shareholder Returns: Management highlighted a cumulative total shareholder return of approximately 3X over the past five years.
• Strategic Expansion & Diversification: Dynacor is actively expanding operations into West Africa and Latin America to build a diversified asset base and reduce jurisdictional risk, building on its established operations in Peru.
• Industry Leadership & ESG: Dynacor maintains industry-leading traceability standards for artisanal mining, pioneering a processing platform with rigorous audit protocols. The PX Impact® gold premium funds health and education projects for artisanal mining communities in Peru through the Fidamar Foundation.