Mr. Keith Piggott reports

DYNASTY ANNOUNCES COMPLETION OF $486,874 FIRST TRANCHE OF PRIVATE PLACEMENT

Dynasty Metals & Mining Inc. has closed the first tranche of its previously announced non-brokered private placement of units for aggregate gross proceeds of up to $700,000.

The company issued 1,622,914 units of the company at a price of 30 cents per unit for aggregate gross proceeds of $486,874. Each unit comprises one common share of the company and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of 45 cents for a period of two years following the date of issuance, subject to acceleration in the event that the closing price of the common shares is 60 cents or higher over a period of 10 consecutive trading days. The securities issued pursuant to this tranche of the private placement are subject to a four-month hold period that expires on Dec. 5, 2017.

The company intends to use the net proceeds from the private placement for working capital and general corporate purposes. In connection with the first tranche of the private placement, the company paid cash finders' fees totalling $34,081 to a certain individual and Haywood Securities Inc.

The company expects to complete the second tranche of the private placement on or before Aug. 18, 2017.

The private placement has been conditionally approved by the TSX Venture Exchange but remains subject to final exchange approval.

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. 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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