VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 14, 2017) - Dynasty Metals & Mining Inc.
("Dynasty" or the "Company") (TSX:DMM)(OTCQX:DMMIF) is providing this bi-weekly update on
the status of a management cease trade order granted on April 3, 2017 (the "MCTO") by its principal regulator,
the British Columbia Securities Commission (the "BCSC"), under National Policy 12-203 - Management Cease
Trade Order ("NP 12-203"). On April 3, 2017, the Company announced that, for reasons disclosed in the news
release, there would be a delay in the filing of its annual information form, financial statements and accompanying management's
discussion and analysis for the fiscal year ended December 31, 2016 (the "Annual Filings") beyond the 90 day
period prescribed under applicable Canadian securities laws for the filing of such documents (the "Default
Announcement").
Dynasty reports that, since the issuance of the Default Announcement, the previous anticipated filing of the Annual Filings by
April 14, 2017 will not be met. The Company now anticipates filing the Annual Filings on or before April 28, 2017.
During the MCTO, the general investing public will continue to be able to trade in the Company's listed common shares.
However, the Company's chief executive officer and chief financial officer will not be able to trade in the Company's shares.
Other than as disclosed in this press release, there are no material changes to the information contained in the Default
Announcement. The Company confirms that it intends to satisfy the provisions of NP 12-203 and will continue to issue bi-weekly
default status reports for so long as it remains in default of the Annual Filings requirement.
About Dynasty Metals & Mining Inc.
Dynasty Metals & Mining Inc. is a Canadian based mining company involved in the mining, exploration and development of mineral
properties in Ecuador. The Company is currently focused on gold production and continued development at its Zaruma Gold Project.
The Company also owns the Dynasty Goldfield Project, a permitted property 180km southwest of the Zaruma project, and the
Jerusalem Project, an exploration property immediately south of the Fruta del Norte project.
For further information please visit the Company's website at www.dynastymining.com.
Forward-Looking Information
This news release contains statements which are, or may be deemed to be, "forward-looking information" which are
prospective in nature. Often, but not always, forward-looking information can be identified by the use of forward-looking words
such as "plans", "expects" or "does not expect", "is expected", "scheduled", "estimates", "forecasts", "projects", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain
actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Such information
in this news release includes, without limitation, statements regarding the timing and completion of necessary accounting and
review procedures to complete the Annual Filings and other factors beyond our control. Such statements are qualified in their
entirety by the inherent risks and uncertainties surrounding future expectations. Forward-looking information involves known and
unknown risks, uncertainties and other factors which may cause Dynasty's actual results, revenues, performance or achievements to
be materially different from any future results, performance or achievements expressed or implied by the forward-looking
information. Important risks that could cause Dynasty's actual results, revenues, performance or achievements to differ
materially from Dynasty's expectations include, among other things, risks found in Dynasty's Annual Information Form for the year
ended December 31, 2015, which is available on SEDAR at www.sedar.com. Other
than in accordance with regulatory obligations, Dynasty is not under any obligation and Dynasty expressly disclaims any intention
or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or
otherwise.