Mr. Keith Piggott reports

DYNASTY PROVIDES AN UPDATE ON $2,500,000 PRIVATE PLACEMENT FINANCING

Dynasty Metals & Mining Inc. has provided an update to the previously announced non-brokered private placement of up to 8,333,333 units of the company at a subscription price of 30 cents per unit, for aggregate gross proceeds of up to $2.5-million.

The private placement has been proceeding well, and the company is encouraged by the interest received thus far. As a result of timing issues in finalizing certain of the required documentation, the company has decided to close the private placement in multiple tranches.

The first tranche of approximately $1.8-million is expected to close on or before June 30, 2017.

The second tranche of approximately $700,000 is expected to close on or before July 17, 2017.

All securities issued pursuant to the private placement will be subject to a hold period that expires four months and a day from the applicable closing date in accordance with the rules and policies of the TSX Venture Exchange, and applicable Canadian securities laws. All other terms and conditions relating to the private placement remain unchanged.

About Dynasty Metals & Mining Inc.

Dynasty Metals & Mining is a Canadian-based mining company involved in the mining, exploration and development of mineral properties in Ecuador. The company is currently focused on gold production at its wholly owned Dynasty goldfield project and continued development at its Zaruma mine. Mineral is treated at the company's wholly owned treatment plant close to the Zaruma mine operations. The company also owns other significant gold exploration projects, including the Jerusalem project (located 30 kilometres south of the Fruta del Norte project), the Copper Duke area and the Linderos area in southern Ecuador.

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