K.D. DIEPHOLZ, Chairman, Chief Executive Officer

Mr. Diepholz graduated from Lake Land College with a degree in general communications and business. He later attended Southern Illinois University. In 1984, Mr. Diepholz founded KWD Properties Corporation, a privately held oil and gas exploration company involved in all phases of exploration, development and production; including the negotiation, acquisition and operation of oil & gas properties. During the transition from oil & gas to precious metals, Mr. Diepholz worked extensively in investment and financial planning with American Investment Retirement Corporation and Ideal Securities. In 1992, Mr. Diepholz co-founded Dynacap Group Ltd, a private investment company involved in financing, consulting, mergers and acquisitions. Since 1992, Dynacap Group Ltd. has provided services to technology and resource companies. In 1994, Mr. Diepholz and associated parties acquired DynaResource (formerly “West Coast Mines, Inc.”) and installed a new board of directors. The company’s only asset at that time was 560 acres of wholly owned mining property and real estate in Humboldt County, Winnemucca, Nevada. Mr. Diepholz has been instrumental in the negotiations of: the acquisition of 24.9 % Net Profits Interest in the San José de Gracia in 1995; the acquisition of an additional 25 % interest in San José de Gracia in 1998; the acquisition and consolidation of 100 % of the rights to the San José de Gracia from prior owners, culminating at March, 2000; and, the acquisition and consolidation of several outstanding Concessions at the San José de Gracia from previous Mexican owners during 2000. Mr. Diepholz and Dynacap Group Ltd. have arranged for and provided the funding to the Company since 1994.

EDUARDO LUNA – Special Advisor to the President of Mineras de DynaResource

Mr. Luna is a respected and successful senior executive with over 40 years of experience in the mining industry.  Mr. Luna’s experience includes serving as a Member of the Board of Directors for major mining companies which have achieved success at the highest level of the mining industry.  Mr. Luna currently serves as a member of the Board of Directors of Silver Wheaton.  Mr. Luna has also serves as a Member of the Board of Directors of Goldcorp Inc., Alamos Gold Inc., and Primero Mining Corp.  In addition to his roles on company boards, Mr. Luna served in a variety of operational capacities.  From 1991 to 2005, Mr. Luna served as President of Luismin SA de CV in Mexico, which operated the Tayoltita Project for Goldcorp in Mexico.  Mr. Luna also served as an Executive Vice President of Goldcorp. More recently, Mr. Luna served as President of Mexican Operations for Primero Mining from 2010-2015, the time frame during which Primero Mining operated the Tayoltita Project.  During his distinguished career, Mr. Luna has received several mining industry recognitions and appointments , which include:

  • National Mining Award, Mexico, 1997
  • President of the Mexican Chamber of Mines
  • President of the Consulting Boards for the School of Mines, Universidad de Guanajuato
  • Member of the Advisor Boards of the School of Mines of National University of Mexico and University of Zacatecas
  • President of The Silver Institute, 2002-2003

Mr. Luna received a Bachelor’s degree in Mining Engineering from Universidad de Guanajuato, 1971; a MBA from Tecnologico de Monterrey, 1979; and an Advanced Management degree from Harvard Business School.

In 1997, Mr. Luna was appointed Trustee of Fundacion Pro Ninos de la Calle, a charity that works with children living on the streets of Mexico City.

Mr. Luna was appointed to the Board of Directors of DynaResource, Inc. effective March 1, 2017.


ERNESTO RAMIREZ, General Manager of the San Jose de Gracia Project

Mr. Ramirez holds a B.S. degree as Mining Engineer from the Instituto Tecnologico de Parral Chihuahua.  He has over 24 years of direct experience in the mining industry in Mexico.

He has worked for Companies such as: 1992-1999 Cia. Minera Autlan, Molango Mine (Manganese), Ontongo, Hidalgo Mex., 1999-2010 Cia. Minera Luismin (Goldcorp) Tayoltita Mine Underground Operation, Durango State.

Mr. Ramirez has held different positions in the operation of Tayoltita mine since 1992, and his last full time responsibility was Deputy General Management (2016), Primero Compania Minera.

In January 2017, Mr. Ramirez was appointed Mine Superintendent and Assistant to the General Manager of the San Jose de Gracia Project.

In May 2017, Mr. Ramirez was appointed to General Manager of the San Jose de Gracia Project.

PEDRO IGNACIO TERAN CRUZ, Executive Vice President – Director of Exploration and Resource Development

Mr. Teran is a graduate Geologist from the Universidad de Sonora Mexico. He has over 28 years experience in mineral exploration, mine development and is a successful and respected Geological Consultant in Mexico, and is credited with defining significant resources at several projects. From 1986 to 1992, he was Project Geologist fro Minera Real de Angeles, SA de CV (Frisco/Placer Dome Inc., now Alamos Gold) in which under his participation, explored and discovered the “Mulatos Gold Deposit” Sonora, Mexico, both now in production. From 1992 to 1996, Mr. Teran worked as a Mine Geologist with Hecla Mining Co. explored and advanced into production the open pit “La Choya Gold Mine”. From 1996 to 1999, Mr. Teran worked as Geology Superintendent for Compania Minera Lluvia de Oro (Santa Cruz Gold, now NWM Mining Corp.) at the open pit “Lluvia de Oro Gold Mine”, Sonora, Mexico. From 1999 to 2001 Mr. Teran worked as a Consultant Geology due diligences for Tara Gold Resources in several project located in La Sierra Madre Occidental. From 2001 to 2005, Mr. Teran worked as Manager of Geology Department for the Compania Minera Pangea SA de CV (Queenstake Resources, Nevada Pacific and now McEwen Mining), in the “El Magistral Gold Mine” Sinaloa, Mexico. Under his direction of exploration, increased the reserves substantially and formed part of the team to put the project in production. During 2005 and part of 2006, Mr Teran worked as Data Manager for linear God Corp. in the “Ixhuatan Project” Chiapas, Mexico where he built the computer block model and resources estimation at the time. From 2006 to 2008, he workded as Project Manager for Pediment Exploration Ltd. now Argonaut Gold Inc. in the “San Antonio Gold Project” located in BCS, Mexico.

Since 2008, Mr. Teran began working as a Consultant Geologist DynaResource, Inc. in the “SanJose de Gracia Gold Project” located in Sinaloa, Mexico an advanced exploration project, which Mr. Teran expects to be in production soon.

In April 2013, Mr. Teran was appointed the Federal Director of the Servicio Geologico Mexicano (“SGM”); where he managed the geological work of SGM, in the Federal Republic of Mexico. In Spring 2015 Mr. Teran resigned his position with SGM, in order to rejoin DynaResource, Inc.

On March 9, 2015 Mr. Teran was appointed Executive Vice President – Director of Exploration and Resource Development for DynaResource, Inc. And, Mr. Teran has been elected to the Board of Directors of the Company for the year 2015.

BRADFORD J. SAULTER, Vice President – Investor Relations

Prior to joining the Company in 1995, Mr. Saulter was a Regional Manager for Lugar, Lynch & Associates, A Dallas Financial Services Company, Involved in Sales & Marketing of Various Investment Products; Independent Marketing Consultant; Series 22 & 63 Securities License; Vice President / Marketing – Dynacap Group Ltd. (1992-Present); Vice President / Investor Relations – DynaResource, Inc., a Junior Public Resource Investment / Development Company, Dallas (1995-Present).

IN MEMORIAL TO: WAYNE C. HENDERSON, Vice President – Mineral Properties

Mr. Henderson accepted the position with DynaResource in 1997 after years of experience in project, process, metallurgical engineering and operations. Mr. Henderson was responsible during his career for feasibility engineering, mine and project planning, mining concentrating, smelting and refining operations for major mining companies including: Bethlehem Steel, Inland Steel, Kennecott Copper, Mobil Oil, SOHIO, BP and U.S. Gold. He was the Chief Process Engineer of the Kennecott Gold Company and Vice President of Operations for Calmet, Inc. In addition, Mr. Henderson has performed consulting assignments for Homestake, Newmont, AMAX Gold, Phelps Dodge, Sutter Gold, U.S. Energy, Placer Dome, Santa Fe Mining, FMC, Ashanti, Teberebie Gold and Cominco. He has worked on projects in the United States and Internationally, including: Canada, Mexico, Brazil, Chile, Papua New Guinea, Ghana, Austria, South Africa, Zambia, Mozambique and the Philippines. Most recently Mr. Henderson has held Senior Engineering and Management Positions for Norwest, Brown & Root Engineering and Lockwood Greene Engineering. He has a B.S. Ch. E. from University of Maryland and a M.S. Ch. E. from Lehigh University. As a Ph. D. candidate in Chemical Engineering at Lehigh University, he was awarded a National Science Foundation Fellowship to pursue his graduate education.

Legal Counsel

US Securities Counsel – Scheef & Stone L.L.P. (Roger Crabb); Dallas, Texas

Canadian Securities Counsel – Northwest Law Group (Alan Finlayson); Vancouver, B.C.

Mexican Legal Agent – Luis Perez de Acha and Associates; Mexico City, Mexico