Item 87.01 Other Events.

London Court of International Arbitration

On January 27, 2022, DynaResource, Inc. (the "Company") received word from its counsel that the London Court of International Arbitration issued a First Final Partial Award (the "Partial Award"), in favor of Mercuria Energy Trading S.A., a Swiss company ("Mercuria") and against Mineras de DynaResource S.A. de C.V. ("Mineras"), a subsidiary of the Company which is chartered in Mexico and whose offices are also located in Mexico.

The Partial Award requires that Mineras pay Mercuria the sum of $1,676,014 for an undersupply of metal concentrate production between October 2019 and December 2020. The Partial Award also requires that Mineras pay Mercuria the sum of $146,659 in connection with a net overpayment by Mercuria for metal concentrates.

The arbitration panel retained jurisdiction to address any outstanding fees and expenses.

The Company notes the following: since Mineras is a company of Mexican nationality, under Mexican law Mineras has the right to legally oppose the recognition and enforcement of the Partial Award and any supplemental award.

Recent Change of Law in Mexico

Due to a recent change of law in Mexico, the outsourcing role that Mineras has played for the Company's mining operations in Mexico, was no longer consistent with Mexican law. Consequently, the contractual relationships between Mineras and DynaResource de Mexico, S.A. de C.V., as owner of the mines, has been terminated.






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