Vancouver, Canada: Dynasty Gold Corp. (TSX-V: DYG) (FWB: D5G) (OTC: DGDCF) ("Dynasty" or the "Company") announces that it plans to complete a non-brokered private placement of up to 2,400,000 units for gross proceeds of $300,000. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at $0.20 for the first year and at $0.25 for the second year from closing. The Company will have the right to call the outstanding Warrants for expiry upon 30 days notice in the event that the closing price of the common shares of the Company on the TSX-V is above $0.45 for 10 consecutive trading days. Finder's fees may be payable on a portion of the private placement. The units issued under the private placement are subject to a
four month hold period and the Exchange's approval.
The Company will use the proceeds of the private placement to fund the Nevada project drill permit renewal, new project due diligence and acquisition, and for general working capital.
About Golden Repeat Property in Nevada
The Company 100-per-cent-owned Golden Repeat claims located in the Elko county, in the most prolific Midas region of Nevada. The Property is located 15 kilometres west-southwest of Klondex's Midas mine and 15 kilometres west-northwest of Klondex's Hollister mine. These claims host many geological similarities to the well-known Midas Gold District.
About Dynasty Gold Corp.
Dynasty Gold Corp. is a Canadian gold exploration company currently focused on gold exploration in North America.
For more information on the Company and its projects, please refer to the website www.dynastygoldcorp.com
ON BEHALF OF THE BOARD OF
DYNASTY GOLD CORP.
Ivy Chong, President & CEO
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This press release contains certain "forward-looking statements" that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.