Dynasty Gold Closing Flow-Through Non-brokered Private Placement
1613 - 610 Granville Street
Vancouver, BC, V6C 3T3
Tel. (604) 633-2100
Fax: (604) 484-3559
www.dynastygoldcorp.com
Press Release 22-12-01
Trading Symbols: TSX-V: DYG
FSE: D5G1
OTC: DGDCF
Dynasty Gold Closing Flow-Through Non-brokered Private Placement
December 28, 2022
Vancouver, Canada: Dynasty Gold Corp. (TSX-V: DYG) (FSE: D5G1) (OTC: DGDCF)
("Dynasty" or the "Company") is pleased to announce that, subject to the Exchange’s approval, it is
closing a private placement of 3,458,000 units for gross proceeds of $363,090. Each unit consists
of one flow-through common share at $0.105 and one common share purchase warrant at $0.15 for
a period of two years. The Company shall have the right to call the outstanding Warrants for expiry
upon 20 days notice if the closing price of the com mon shares of the Company on the TSX-V is
above $0.25 for 7 consecutive trading days.
The units issued under the private placement are su bject to a four-month hold period from the date
of closing. The proceeds from the private placement are for core drilling on the Thundercloud gold
property.
Year in Review
2022 has been a busy and an exciting year for the C ompany. A more detailed exploration program
on the Thundercloud gold property was initiated wit h a drone-supported airborne magnetic survey
in July. The survey identified a number of targets for follow-up. A field examination of these
targets and preparation for a fall program began in late August. In early October, Dynasty was on
the ground to commence a 3000-meter maiden drill pr ogram with an initial 1000 meter phase one
drilling completed in early November. Assay result s are expected to be available for release in the
new year. During the year, the Company has also ex plored different options to unlock the value of
the Golden Repeat property in Nevada with a number of interested parties.
As the year draws to a close, the Company would lik e to thank its shareholders for their continued
support and look forward to develop the Thunderclou d property as well as unlock the value of
other assets in its portfolio.
About Dynasty Gold Corp.
Dynasty Gold Corp. is a Canadian exploration compan y currently focused on gold exploration in
North America with projects located in the Manitou-Stormy Lake greenstone belt in Ontario and in
the Midas gold camp in Nevada. The Company is curre ntly advancing its Thundercloud gold
deposit which contains 182,000 oz gold. The 43-101 Mineral Resource report and related press
release with details on the resource are available on the Company's website and were filed on
www.sedar.com . The 100% owned Golden Repeat gold project in the Midas gold camp in Elko
County, Nevada, is surrounded by a number of large- scale operating mines. In addition, Dynasty
owns a 70% interest in the Hatu Qi2 gold mine in th e Tien Shan Gold belt, Xinjiang, China, with
which it is in legal dispute with Xinjiang Non-Ferr ous Industrial Metals Group and its subsidiary
Western Region Gold Co. Ltd. For more information, please visit the Company’s website
www.dynastygoldcorp.com .
1613 - 610 Granville Street
Vancouver, BC, V6C 3T3
Tel. (604) 633-2100
Fax: (604) 484-3559
www.dynastygoldcorp.com
Press Release 22-12-01
Trading Symbols: TSX-V: DYG
FSE: D5G1
OTC: DGDCF
ON BEHALF OF THE BOARD OF DYNASTY GOLD CORP.
“Ivy Chong”
_________________________________
Ivy Chong, President & CEO
For additional information please contact:
Vancouver Office :
Ivy Chong
Phone: 604.633.2100. Email: [email protected]
This press release contains certain "forward-lookin g statements" that involve a number of risks and un certainties. There can be no
assurance that such statements will prove to be acc urate and actual results and future events could di ffer materially from those
anticipated in such statements. The TSX Venture Exc hange has not reviewed and does not accept responsi bility for the adequacy or
accuracy of this release.