New Destiny Mining Closes First Tranche of Financing

NEW DESTINY MINING CORP

SUITE 1330 – 1075 West Georgia St.

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

NEWS RELEASE

NEW DESTINY MINING CLOSES FIRST TRANCHE OF FINANCING

Vancouver, British Columbia – October 6, 2016 –New Destiny Mining Corp. (TSX.V: NED) (the “Company”) is pleased to announce that it has closed the first tranche of a non-brokered private placement financing for gross proceeds of $208,000 (the “Financing”).

Pursuant to the Financing, the Company has allotted and issued 1,600,000 units (the “Units”) at a price of $0.13 per Unit. Each Unit consists of one common share in the capital of the Company and one transferable share purchase warrant (the “Warrant”). Each Warrant is exercisable by the holder to acquire one additional common share of the Company for a period of five years from issuance at an exercise price of $0.17 per share. The Warrants are subject to a 10-day forced exercise provision if the closing price of the Company’s shares is $0.25 or higher for ten consecutive days.

In addition, the Company has paid a finder’s fee of $11,050 and 85,000 finder’s warrants (the “Finder’s Warrants”) to a registered dealer. Each Finder’s Warrant is exercisable by the holder to acquire one additional common share of the Company for a period of five years from issuance at an exercise price of $0.17 per share and is also subject to the forced exercise provision.

All securities issued pursuant to the Financing are subject to a four-month and one-day hold period expiring on February 7, 2017.

ON BEHALF OF THE BOARD OF DIRECTORS

“Robert Birmingham”

Robert Birmingham, President

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.