Dynasty Provides an Operation and Corporate Update

VANCOUVER, BC - Dynasty Metals & Mining Inc.reported that in mid-June of this year, with the participation of the Ecuador labour ministry, Dynasty entered into an agreement with the mine workers at its Zaruma mine in southern Ecuador such that the workers were permitted to extract ore from the Zaruma mine for a 10 day period, the net proceeds of which were to be applied toward the workers' outstanding wages. Dynasty is pleased to announce the results of this 10-day arrangement. Approximately 2,000 tonnes of ore at a grade of 3.35g/t Au were mined and processed as per the terms of the agreement. The resulting approximately 215 ounces of gold were sold for proceeds (net of processing costs) of US$192,341.24, which contributed to the outstanding wages for the Zaruma miners. Mining activity is continuing at the Zaruma mine at this time with the majority of the work force having returned. Such workers are operating under the terms of the agreement with the Company announced on July 21, 2016, which shall continue until the outstanding wages have been repaid.

On August 19, 2016, the Ecuador Ministry of Labour informed Dynasty's Ecuadorian subsidiary, Elipe S.A., that it had finalized and archived the collective dispute between the company and the mine workers. "We are pleased that this has been settled and we can move forward in a constructive way with the mine workers," commented CEO Robert Washer.