Mr. Murray Oliver reports

DYNASTY PROVIDES UPDATE ON PREPARATION OF REVISED TECHNICAL REPORTS

Dynasty Metals & Mining Inc. is providing the following update on the preparation of revised technical reports for its mineral projects. As previously announced, the company is preparing an updated technical report in respect of its Zaruma project and amended technical reports in respect of its non-producing Jerusalem and Dynasty goldfield projects to address the results of a review by the B.C. Securities Commission. Due to further delays in the preparation of such technical reports, the company now anticipates that such reports will be completed and filed on SEDAR in the third quarter of 2014. Readers are reminded that the mineral resource estimates contained in the company's public filings should not be relied upon until such time as the technical reports supporting such estimates have been filed.