New Destiny Announces Financing
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NEW DESTINY MINING CORP.
Vancouver, BC
TSX-V: NED
NEW DESTINY ANNOUNCES FINANCING
Vancouver, British Columbia – September 30, 2022 – New Destiny Mining Corp. (TSXV: NED) , (the “ Company” or
“NED”) is pleased to announce that it has arranged a non-brokered private placement of three million units at a price of $0. 03 per
unit for gross proceeds of $ 90,000. The units of the financing will comprise of one common share and a full share purchase
warrant, which may be e xercised for a period of five years at a price of $0. 05 per share. The term of the warrants may be
accelerated in the event that the issuer's shares trade at or above a price of $0.10 per share for a period of 10 consecutive days. In
such case of accelerat ed warrants, the issuer may give notice, in writing or by way of news release, to the subscribers that the
warrants will expire 30 days from the date of providing such notice.
Directors, officers or other insiders of the Company may participate in the fore going offerings, and such parties may sell securities
of the Company owned or controlled by them personally through the facilities of the TSX Venture Exchange to finance
participation in such offerings. The proceeds from the Private Placement will be used for general working capital purposes.
A finder's fee may be paid to eligible finders in accordance to the TSX -V policies. All securities issued pursuant to the offering
will be subject to a hold period of four months and one day from the date of closing. The offerings and payment of finders' fees are
both subject to approval by the TSX-V.
ON BEHALF OF THE BOARD OF DIRECTORS
“Barry Brown”
Director
604-488-3900
Forward Looking Information
This news release includes certain statements that constitute “forward -looking information” within the meaning of applicable securities law,
including without limitation, the Company’s information and statements regarding or inferring the future business, operations, finan cial
performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Such statements inc lude statements
regarding the completion of the proposed transactions. Forward -looking statements address future events and conditions and are necessarily based
upon a number of estimates and assumptions. These statements relate to analyses and other inform ation that are based on forecasts of future
results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve disc ussions with
respect to predictions, expectations, beliefs, plans, projections, objecti ves, assumptions or future events or performance (often, but not always,
using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans” , “estimates” or
“intends”, or stating that certain action s, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved), and
variations of such words, and similar expressions are not statements of historical fact and may be forward -looking statements. Forward -looking
statement are necessarily based upon several factors that, if untrue, could cause the actual results, performances or achievements of the Company
to be materially different from future results, performances or achievements express or implied by such statements. Such s tatements and
information are based on numerous assumptions regarding present and future business strategies and the environment in which t he Company will
operate in the future, including the price of gold and other metals, anticipated costs and the abilit y to achieve goals, and the Company will be able
to obtain required licenses and permits. While such estimates and assumptions are considered reasonable by the management of the Company, they
are inherently subject to significant business, economic, compet itive and regulatory uncertainties and risks including that resource exploration and
development is a speculative business; that environmental laws and regulations may become more onerous; that the Company may not be able to
raise additional funds when nec essary; fluctuating prices of metals; the possibility that future exploration, development or mining results will not
be consistent with the Company’s expectations; operating hazards and risks; and competition. There can be no assurance that e conomic resources
will be discovered or developed. 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 conti nued availability of capital and financing and
general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, equipment fai lures, litigation,
competition, fees charged by service providers and failure of cou nterparties to perform their contractual obligations. Investors are cautioned that
forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue relianc e on
forward-looking statements due to t he 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release