DynaResource, Inc. and DynaResource De México SA De CV. Announce Extension of Offtake Agreement With Ocean Partners Holdings Ltd.

Extension of Commercial Offtake Agreement through December, 2026; Ocean Partners to Purchase 1M Shares of Common Stock of DynaResource, Inc. at $5 / Share

IRVING, TX / ACCESSWIRE / July 6, 2023 / DynaResource, Inc. (OTCQB:DYNR) ("DynaUSA", and "the Company") is pleased to report the following Update regarding the Company and DynaResource de México SA de CV. ("DynaMéxico"), the wholly owned subsidiary of DynaUSA and the 100% Owner of Concessions comprising the San Jose de Gracía high grade gold project in Sinaloa, México ("SJG").

Foto: Accesswire

Ocean Partners Holdings Ltd. ("Ocean Partners", "OP") and DynaMéxico have agreed:

• To extend the current commercial Offtake Agreement through December 2026;
• OP to Increase the Advance Credit Line available to DynaMéxico to $17.5M USD;
• OP to provide an Option to convert the Advance Credit Line into a Revolving Credit Line, repayable in 12 months, in maximum amount of $10M USD;

Ocean Partners and DynaUSA have agreed:

• Ocean Partners will purchase 1M Shares of DynaUSA at $5 / Share;
• 1 Designee of Ocean Partners will be named to the Board of Directors of DynaUSA

In commenting on the transactions with Ocean Partners; DynaUSA Chairman-CEO, and DynaMéxico President Mr. K.D. Diepholz noted: "We greatly appreciate the attention and support we have received from Ocean Partners since February 2021, and in particular; Brent Omland, Al Paterson, and Roberto Guerra. Now, with this extension of commercial offtake agreement formalized, DynaUSA and DynaMexico will continue our excellent partnership with Ocean Partners for many years."

On behalf of the Board of Directors of DynaResource, Inc.;
On behalf of the Board of Directors of DynaResource de México S.A. de C.V.;

K.D. DIEPHOLZ
DynaResource, Inc.; Chairman and CEO
DynaResource de México, S.A. de C.V.; Presidente

IMPORTANT CAUTIONARY NOTE REGARDING CANADIAN DISCLOSURE STANDARDS

The Company is an "OTC Reporting Issuer" as that term is defined in Multilateral Instrument 51-509, Issuers Quoted in the U.S. Over-the-Counter Markets, promulgated by various Canadian Provincial Securities Commissions.

Accordingly, certain disclosure in this news release or other disclosure provided by the Company has been prepared in accordance with the requirements of securities laws in effect in Canada, which differ from the requirements of United States securities laws. In Canada, an issuer is required to provide technical information with respect to mineralization, including reserves and resources, if any, on its mineral exploration properties in accordance with Canadian requirements, which differ significantly from the requirements of the United States Securities and Exchange Commission (the "SEC") applicable to registration statements and reports filed by United States companies pursuant to the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended. As such, information contained in this news release or other disclosure provided by the Company concerning descriptions of mineralization under Canadian standards may not be comparable to similar information made public by United States companies subject to the reporting and disclosure requirements of the SEC and not subject to Canadian securities legislation. This news release or other disclosure provided by the Company may use the terms "measured mineral resources", "indicated mineral resources" and "inferred mineral resources". While these terms are recognized and required by Canadian regulations (under National Instrument 43-101, Standards of Disclosure for Mineral Projects), the SEC does not recognize them. United States investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted to reserves. In addition, "inferred mineral resources" have a great amount of uncertainty as to their existence and economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities legislation, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, although they may form, in certain circumstances, the basis of a "preliminary economic assessment" as that term is defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects. U.S. investors are cautioned not to assume that part or all of an inferred mineral resource exists or is economically or legally mineable.