Leadership Evolution and Generative Data Intelligence: DynaResource, Inc. Appoints New CEO Amid Growing AI Trends in Mining

AI-Driven Data Insights

DynaResource, Inc. Reveals New Executive Leadership

Date:

IRVING, TEXAS, June 4, 2024 – (ACN Newswire) – DynaResource, Inc. (OTCQX:DYNR) ("DynaResource", or "the Company") has announced today that Mr. Rohan Hazelton has been appointed as the new President and Chief Executive Officer ("CEO"), as well as Interim Chief Financial Officer and Director of the Company, effective immediately. Mr. Hazelton brings a wealth of experience from his extensive career in senior positions within the mining industry, including roles at both major and junior mining companies. Mr. K.D. Diepholz will step down from his positions as President and CEO but will remain as Chairman of the Board of Directors. He will support Mr. Hazelton in transitioning into his new roles to ensure a seamless handover for the Company.

Mr. Brent Omland, who holds the roles of Director of the Company and Co-CFO of Ocean Partners UK Limited, and is also a shareholder, expressed his gratitude, stating: “On behalf of the board of directors and shareholders, I want to extend our deepest thanks to KD for his outstanding service and commitment to DynaResource. KD has played a crucial role in founding and growing DynaResource, guiding the Company to its current successful position. We appreciate KD’s leadership in consolidating the ownership of San Jose de Gracia, initiating its production, and expanding the sale of gold concentrate. KD has not only brought his extensive financial and industry expertise to DynaResource but also established a solid foundation for the further development of the San Jose de Gracia Project. Moreover, he has assembled an excellent team to drive forward the ongoing operations and expansion activities at San Jose de Gracia.”

Mr. Diepholz expressed his pleasure in announcing Rohan's appointment as the new President, CEO, Interim CFO, and Director of DynaResource. He emphasized that Rohan’s extensive background in corporate and mining development is in perfect harmony with the Company’s ambitions to evolve into a leading mining entity. Rohan’s notable history of propelling mining companies forward through securing funds, boosting production, and enhancing operations makes him a valuable asset. Mr. Diepholz is confident that Rohan’s verified abilities and entrepreneurial mindset will be crucial in elevating DynaResource to a mid-tier mining company.

Phil Rose, the Company’s Director, expressed his gratitude towards KD for his dedication to DynaResource. He acknowledged the achievements under KD’s leadership, particularly the revival of San Jose de Gracia after a century-long pause. Rose also conveyed his enthusiasm for working with Rohan and anticipates his leadership will enhance both the operational and financial outcomes at SJG.

With over two decades of leadership experience in the mining sector, Mr. Hazelton brings a wealth of knowledge in financing, operations, mine development, and team leadership, all of which are crucial for building top-tier companies. He has substantial operational expertise in Mexico. Before his current role at DynaResource, Mr. Hazelton served as the CEO of NorZinc Ltd, a developer of zinc, lead, and silver. He was also the CFO for both Cerrado Gold (TSXV: CERT) and Ascendant Resources (TSX: ASND), and co-founded KORE Mining (TSXV: KORE), where he also acted as CEO. Earlier in his career, he worked at Goldcorp and its predecessor Wheaton River Minerals, where he was among the first employees and took on roles with increasing leadership and responsibility, including CFO of Goldcorp Mexico and VP of Strategy.

Mr. Hazelton has been a member of the Boards of Directors for NorZinc, Primero Mining, Terrane Metals, and Gryphon Gold, in addition to various non-profit organizations. He is a Chartered Professional Accountant and earned his Bachelor of Arts in Applied Mathematics and Economics with honors from Harvard University.

Mr. Hazelton has received DSUs, RSUs, and Stock Options as part of the Company’s Equity Incentive Plan, covering 1.75 million shares at an exercise price of $1.75 each, pending necessary regulatory and shareholder approvals.

The Company has agreed to the resignation of Ing. Rene Mladosich from its Board of Directors, allowing Rohan Hazelton to be appointed as Director. “We extend our gratitude to Rene for his many years of service on the Board and for his continuous leadership of the operations team,” stated KD Diepholz.

Information Regarding DynaResource

DynaResource, a smaller-scale gold mining company, is listed on the OTCQX market with the ticker symbol "DYNR". The company is currently engaged in mining operations and development efforts in the historic San Jose de Gracia gold mining area located in Sinaloa, Mexico.

IMPORTANT WARNING ABOUT CANADIAN REPORTING GUIDELINES

The Company is classified as an “OTC Reporting Issuer” as per the definition in Multilateral Instrument 51-509, which applies to issuers listed in the U.S. Over-the-Counter Markets and is enforced by various Canadian Provincial Securities Commissions. Consequently, certain information in this press release or other communications from the Company has been prepared to meet Canadian securities laws, which are different from U.S. securities laws. In Canada, companies must provide technical data about mineralization, including reserves and resources on their exploration properties, following Canadian regulations, which significantly differ from the U.S. Securities and Exchange Commission (SEC) requirements for registration statements and reports filed by U.S. companies under the Securities Act of 1933 or the Securities Exchange Act of 1934. Therefore, the information in this release or other communications from the Company regarding mineralization descriptions under Canadian standards may not align with similar information disclosed by U.S. companies, which follow SEC reporting and disclosure standards and not Canadian securities laws. This release or other Company communications might include terms like “measured mineral resources,” “indicated mineral resources,” and “inferred mineral resources.” While these terms are acknowledged and mandated by Canadian regulations (specifically, National Instrument 43-101, Standards of Disclosure for Mineral Projects), they are not recognized by the SEC. U.S. investors are warned not to presume that any portion or all of the mineral deposits in these categories will ever be converted into reserves. Additionally, “inferred mineral resources” carry significant uncertainty regarding their existence and economic and legal viability. It should not be assumed that all or any part of an inferred mineral resource will be upgraded to a higher classification. Under Canadian securities laws, inferred mineral resource estimates cannot be used as the basis for feasibility or pre-feasibility studies, but they may be used, in some cases, as the basis for a “preliminary economic assessment” as defined in National Instrument 43-101. U.S. investors are advised not to assume that any part or all of an inferred mineral resource exists, or is economically or legally mineable.

ADVISORY NOTE ON PROSPECTIVE INFORMATION

This press announcement includes forward-looking statements as defined by Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.

The news release includes certain statements about future financial or operational performance that might be considered "forward-looking." Any statements in this release, except those that relate to past events, which discuss anticipated events or developments, are regarded as "forward-looking information." These statements concern future occurrences or performance and showcase the Company's expectations for DynaResource’s future growth, operational outcomes, business opportunities, and prospects. The forward-looking statements illustrate the Company’s current internal forecasts, expectations, or beliefs and are based on information DynaResource presently has. Sometimes, forward-looking information is indicated by words such as "may," "will," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "projects," "potential," "scheduled," "forecast," "budget," or similar terms, including their negative forms.

The Company's strategies for the San Jose de Gràcia property are based on certain premises. Many of these premises depend on factors and events that DynaResource cannot control, and there is no guarantee they will be accurate. These factors include, but are not limited to: the need for capital, fluctuations in global currency markets and exchange rates between the US dollar and the Mexican peso; commodity price volatility in both spot and forward markets; differences between actual and estimated production figures, reserves, resources, and metallurgical recoveries; changes in government at both the national and local levels in countries where DynaResource operates or may operate in the future; taxation; regulatory controls; political or economic developments in the countries where DynaResource conducts or may conduct business; the speculative nature of mineral exploration and development, which includes risks related to obtaining necessary licenses and permits, declining quantities or grades of reserves; competition; the loss of key personnel; the need for additional funding; the actual outcomes of ongoing exploration or reclamation activities; modifications in project parameters as plans are further developed; accidents; labor disputes; issues with the ownership of mineral claims or property or disputes over such claims. Additionally, there are inherent risks and hazards in the business of mineral exploration, development, and mining, such as environmental hazards, industrial accidents, unexpected formations or pressures, cave-ins, flooding, and losses of gold bullion (and the risk that insurance may be inadequate or unobtainable to cover these risks), along with other risks mentioned in DynaResource’s Annual Report available at www.sec.

Government. Statements about future expectations are not promises of what will happen, and the real outcomes and upcoming events might significantly vary from the projections mentioned. All such forward-looking statements in this announcement are subject to these warnings. While DynaResource trusts that the projections in this release are founded on sensible assumptions, there is no guarantee that the actual outcomes will align with these expectations. Therefore, readers are advised to be careful about relying heavily on forward-looking statements.

DynaResource clearly states that they have no intention or duty to update or change any forward-looking information, regardless of new data, events, or any other reasons.

For details about DynaUSA and DynaMéxico, visit www.dynaresource.com, or reach out to:

Brad J. Saulter, Vice President of Investor Relations for DynaUSA: 972-996-7417;

For general questions: 972-869-9400

K.D. Diepholz, Chairman of DynaUSA

Contact Details:

Brad J. Saulter

Vice President of Investor Relations at DynaUSA

Phone: 972-869-9400

ORIGIN: DynaResource, Inc.

Topic: Press release overview

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