New Destiny Mining Corp. Announces Private Placement

SUITE 1330 – 1075 West Georgia St.

VANCOUVER, BC V6E 3C9 Telephone: (604) 783-0499

Trading Symbol: NED

NEW DESTINY MINING CORP. ANNOUNCES PRIVATE PLACEMENT

Vancouver, Canada, June 23rd, 2016 – New Destiny Mining Corp. (“New Destiny” or the “Company”) (TSX-V Symbol: NED) announces that further to its previously announced news release on May 25, 2016, the Company intends to complete a post-consolidation non-brokered private placement of up to two (2) million units (the “Units”) at a price of $0.06 per Unit to raise gross proceeds of up to $120,000. Each Unit will consist of one common share of the Company and one transferable common share purchase warrant (each a “Warrant”). Each Warrant shall be exercisable to acquire one additional common share for a period of 5 years at an exercise price of $0.15. As part of this non-brokered financing, the Warrants are subject to an acceleration clause. This clause states that if four months and one day after the Warrants are issued, the closing price of the common shares of the Company, on the principal market on which such shares trade, is equal to, or exceeds, $0.20 for 20 consecutive trading days, the Warrant expiry date shall accelerate to a date 20 calendar days after issuance of a press release by the Company announcing that reduced warrant term.

New Destiny may also pay a finder’s fee in accordance with the policies of the TSX Venture Exchange and applicable securities legislation. This financing is subject to TSX Venture Approval.

The Company previously announced that it will hold its annual general and special meeting on June 27, 2016 (the “Meeting”). At the Meeting, the shareholders of the Company will be asked to approve, among other things, a share consolidation of the Company’s issued and outstanding common shares at a ratio of up to sixteen (16) pre-consolidation shares to one (1) post-consolidation share (the “Consolidation”). The Consolidation is subject to the approval of the shareholders of the Company and the TSX Venture Exchange.

For further information on New Destiny, please visit our website at www.newdestinymining.com, or contact Robert Birmingham, New Destiny’s President and Chief Executive Officer, at (604-783-0499).

ON BEHALF OF THE BOARD OF DIRECTORS

“Robert Birmingham”

Robert L. Birmingham, President and Chief Executive Officer

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities law and may not be offered or sold in the “United States”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is available.

This news release includes certain statements that constitute “forward-looking information” within the meaning of applicable securities law, including without limitation, statements that address the Consolidation and the non-brokered private placement financing by the Company. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management of

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the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. In particular, there is no guarantee that the Consolidation or the non-brokered private placement financing will be completed or if completed, will be completed up to a certain amount. Accordingly actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include continued availability of capital and financing and general economic, market or business conditions, and fees charged by service providers. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.