Dynacor Gold Mines Inc. (TSX:DNG) (OTC:DNGDF) firmly denies the information published in a Reuters press release dated Tuesday 11th February 2014 stating that “… gold confiscated from four companies, including C.G. Koening, a supplier of Canadian miner Dynacor… “. Dynacor has no contact nor any relationship with C.G. Koening and this company is not one of Dynacor’s suppliers.

Furthermore, Dynacor has not had any of its gold confiscated by the authorities. Dynacor is waiting for the authorities to complete their review of the export documentation supplied to the Customs officials and will resume its exports once this review has been completed. Dynacor reiterates that all of its suppliers are registered in accordance with Peruvian laws.

Dynacor has requested a formal retraction from Reuters, as such false information may have had a disruptive effect on the market.