DYNARESOURCE, INC.

Administrative and Logistics Offices

DynaMéxico maintains administrative and logistics offices in Guamuchil and Mazatlan, Mexico, both of which are under month-to-month payment terms.

Mining Project Location

The SJG mine is located on map sheet G13-A81 in the Culiacan mining district of Sinaloa State, Mexico, at Latitude 26 ̊ , 9’ N, Longitude 107 ̊, 53’ W, approximately 120 kilometers east northeast of the coastal city of Los Mochis. The property on which the SJG mine resides, straddles the border separating the Mexican States of Sinaloa and Chihuahua. The SJG mine is located in the south-western portion of the property, and is located entirely within the State of Sinaloa, as shown in the maps below.

DynaMéxico claims an ownership interest in the San Jose de Gracia mineral concessions, which are comprised of 33 distinct concessions covering an aggregate of approximately 9,920 hectares.

The property on which the SJG mine resides is located in and around the village of San Jose de Gracia, approximately 100 km northeast of Guamuchil, on the west side of Mexico. The village of San Jose de Gracia has a small airstrip and can be accessed by a small airplane, or alternatively, by a dirt mountain road. There are roads providing access to the property on which the SJG mine resides which are accessible throughout the year, with the possible exception of June and July when the rainy season sometimes causes flooding and runoff to make the roads too muddy to navigate.

Local Resources and Infrastructure

Accommodations

The village of San Jose de Gracia maintains a few stores which offer essential goods and services. The camp site area, which is closer to the mining activities, maintains facilities of twelve rooms with additional lodging available in the village which can accommodate a total of about 238 persons.

Power

A power line to the SJG mine has been installed by the Comisión Federal de Electricidad, the only authorized power producer in

Mexico. The power line was installed in March 2012 from the La Estancia area of the municipality of Sinaloa de Leyva, a distance of approximately 75 kilometers.

The power line is currently 220 volts maximum capacity, which supports domestic use only, including the office and camp facilities at the SJG mine, such as water pump, air conditioning, refrigeration, lights, internet, and fans, as well as local residential use. The SJG mine produces its own diesel-generated power as a backup to the power grid.

Offices – Camp Facilities

The SJG mine sources many of its supplies from nearby towns, Guamuchil, Los Mochis and Culiacan. There is a satellite dish installed at the SJG mine providing communications to and from the SJG mine. At the SJG mine, DynaMexico maintains a camp staff, including geologists, field helpers, consultants, security, cooks and cleaners. Most of these employees come from the local community.

Mining Concessions

The SJG mine consists of the following 33 contiguous mining concessions which covers an area of approximately 9,920 hectares (24,513 acres):

Current Mining Concessions - San José de Gracia

Claim Name · Claim Number · Staking date · Expiry · Hectares

AMPL. SAN NICOLAS · 183815 · 22/11/1988 · 21/11/2038 · 17.4234

AMPL. SANTA ROSA · 163592 · 30/10/1978 · 29/10/2028 · 25.0000

BUENA VISTA · 211087 · 31/03/2000 · 30/03/2050 · 17.9829

EL CASTILLO · 214519 · 02/10/2001 · 01/10/2051 · 100.0000

EL REAL · 212571 · 07/11/2000 · 07/11/2052 · 2038.0000

EL REAL 2 · 216301 · 30/04/2002 · 29/04/2052 · 280.1555

FINISTERRE FRACC. A · 219001 · 28/01/2003 · 27/01/2053 · 18.7856

FINISTERRE FRACC. B · 219002 · 28/01/2003 · 27/01/2053 · 174.2004

GUADALUPE · 189470 · 05/12/1990 · 04/12/2040 · 7.0000

LA GRACIA I · 215958 · 02/04/2002 · 01/04/2052 · 300.0000

LA GRACIA II · 215959 · 02/04/2002 · 01/04/2052 · 230.0000

LA LIBERTAD · 172433 · 15/12/1983 · 14/12/2033 · 97.0000

LA NUEVA AURORA · 215119 · 08/02/2002 · 07/02/2052 · 89.3021

LA NUEVA ESPERANZA · 226289 · 06/12/2005 · 05/12/2055 · 40.0000

LA UNION · 176214 · 26/08/1985 · 25/08/2035 · 4.1098

LOS TRES AMIGOS · 172216 · 27/10/1983 · 26/10/2033 · 23.0000

MINA GRANDE · 163578 · 10/10/1978 · 09/10/2028 · 6.6588

NUEVO ROSARIO · 184999 · 13/12/1989 · 12/12/2039 · 32.8781

PIEDRAS DE LUMBRE 2 · 215556 · 05/03/2002 · 04/03/2052 · 34.8493

PIEDRAS DE LUMBRE 3 · 218992 · 28/01/2003 · 27/01/2053 · 4.3098

PIEDRAS DE LUMBRE No.4 · 212349 · 29/09/2000 · 28/09/2050 · 0.2034

PIEDRAS DE LUMBRE UNO · 215555 · 05/03/2002 · 04/03/2052 · 40.2754

SAN ANDRES · 212143 · 31/08/2000 · 30/08/2050 · 385.0990

SAN JOSÉ · 208537 · 24/11/1998 · 23/11/2048 · 27.0000

SAN MIGUEL · 183504 · 26/10/1988 · 25/10/2038 · 7.0000

SAN NICOLAS · 163913 · 14/12/1978 · 13/12/2028 · 55.5490

SAN SEBASTIAN · 184473 · 08/11/1989 · 07/11/2039 · 40.0000

SANTA MARIA · 218769 · 17/01/2003 · 16/01/2053 · 4.2030

SANTA ROSA · 170557 · 13/05/1982 · 12/05/2032 · 31.4887

SANTO TOMAS · 187348 · 13/08/1986 · 12/08/2036 · 312.0000

TRES AMIGOS 2 · 212142 · 31/08/2000 · 30/08/2050 · 54.4672

FINISTERRE 4 · 231166 · 18/01/2008 · 17/01/2058 · 2,142.1302

FRANCISCO ARTURO · 230494 · 06/09/2007 · 27/03/2057 · 3,279.5600

TOTAL · 9,920.0000

• We operate in a foreign jurisdiction and are exposed to political and social risks associated with our foreign operations.
• Our operations outside the United States also expose us to economic and operational risks.
• Our success depends on developing and maintaining relationships with local communities and other stakeholders.
• Our mining assets are subject to geotechnical and hydrological risks, and a related incident could materially and adversely impact our production, profitability and financial condition, as well as the value of our common stock.
• Our estimates of future production, costs, expenditures and financial results are imprecise, depend upon subjective factors, may not be realized in actual production and such estimates speak only as of their respective dates.
• We may make use of derivative contracts to protect against market price volatility exposes us to risk of opportunity loss, mark-to-market fair value adjustments, potential cash collateral calls and exposure to counterparty credit risk.
• If we acquire another property, we may be unable to successfully integrate, may not realize the expected benefits of recent or future acquisitions or may face risks associated with divestitures.
• We are dependent upon information technology and operational technology, which are subject to cybersecurity incidents, disruption, damage, failure and other risks associated with implementation and integration.
• We may be expected to continue enhancing our ESG practices to meet evolving and inconsistent standards.
• Our operations may be disrupted, and our financial results may be adversely affected by an outbreak of infectious disease or pandemic.
• Our business depends on good relations with, and the retention and hiring of, personnel.
• Continuation of our mining operations is dependent on the availability of sufficient and affordable water supplies.
• We may not be able to recognize the benefits of deferred tax assets.
• Our accounting and other estimates may be imprecise.
• A significant amount of our mining properties is subject to exchange control policies, the effects of inflation, and currency fluctuations between the U.S. dollar and the Mexican peso.
• Lack of infrastructure could forestall or prevent further exploration and advancement.
• There is substantial doubt about our ability to continue as a going concern.
• Risks Related to Indebtedness and Financing
• Our future operating performance may not generate cash flows sufficient to meet debt payment obligations.
• The terms of our debt impose restrictions on our operations.
• Risks Related to Applicable Laws and Regulations
• We are subject to significant governmental regulations and related costs and delays associated with compliance may negatively affect our business.
• Compliance with environmental regulations and litigation based on environmental regulations could require significant expenditures.
• The potential exposure may be significant and could have a material adverse effect on our financial condition and results of operations.
• We are required to obtain and renew governmental permits in order to conduct operations, a process which is often costly and time-consuming. Our ability to obtain necessary government permits to expand operations or begin new operations may be materially affected by third-party activists.
• We are subject to litigation and may be subject to additional litigation in the future.
• Disputes regarding our mining claims, concessions or surface rights to land in the vicinity of our mining projects could adversely impact operations.
• The Company’s effective tax rate could be volatile and materially change as a result of changes in tax laws, mix of earnings and other factors.
• Risks Related to Our Common Stock, Securities Markets and Investment in Our Common Stock
• We have the ability to issue additional equity securities, including in connection with any acquisition of other companies, which would lead to dilution of our issued and outstanding common stock and may materially and adversely affect the price of our common stock.
• Holders of our common stock may not receive dividends.
• Our common stock price may be volatile and as a result you could lose all or part of your investment.
• There has been a limited public market for our common stock and there is no assurance that a more active, liquid and orderly trading market will develop for our common stock or what the market price of our common stock will be.
• Potential future sales pursuant to registration rights granted by the Company and under Rule 144 may depress the market price for our shares of common stock.
• Financial Industry Regulatory Authority, Inc. (“FINRA”) has adopted sales practice requirements that may also limit a stockholder’s ability to buy and sell our common stock.
• We face risks related to compliance with corporate governance laws and financial reporting standards.
• Volatility in the price of our common stock may subject us to securities litigation.
• A “short squeeze” due to a sudden increase in demand for shares of our common stock that largely exceeds supply and/or focused investor trading in anticipation of a potential short squeeze have led to, may be currently leading to, and could again lead to, extreme price volatility in shares of our common stock.
• If securities or industry analysts do not publish research or reports about the Company, or publish negative reports, the Company’s share price and trading volume could decline.
• Because the Company does not anticipate paying any cash dividends in the foreseeable future, capital appreciation, if any, would be your sole source of gain.
• Potential future offerings of debt, which would be senior to our common stock upon liquidation, and/or preferred equity securities, which may be senior to our common stock for purposes of distributions or upon liquidation, could adversely affect the market price of our common stock.
• Anti-takeover provisions of Delaware law could impair a takeover attempt.
• If we fail to maintain an effective system of internal controls, we may not be able to accurately report our financial results or prevent fraud. As a result, current and potential stockholders could lose confidence in our financial reporting, which would harm our business and the trading price of our common stock.
• Our business will be subject to the risks of climate change, natural catastrophic events, world events, and man-made problems such as power disruptions or terrorism.