Dynasty Gold Director Roman Shklanka Exercises Warrants

Rhea-AI Summary

Dynasty Gold Corp (TSXV: DYG, OTC: DGDCF) announced that $0.13 warrants will expire on December 15, 2024, at 5 p.m. Vancouver Time. These warrants were issued as part of a December 2022 private placement. Director Roman Shklanka has exercised 300,000 warrants for $39,000. The remaining company warrants are priced at $0.27.

The company reports being well-funded for its 2025 exploration program, which will be announced in the new year. Shklanka highlighted the success at the Thundercloud project since its acquisition from Teck Resources in 2021, noting approximately 150% growth in the NI 43-101 resource due to numerous high-grade and long intercepts in drill holes.

Positive

• Director exercises 300,000 warrants contributing $39,000 to company treasury
• Company is well-funded for 2025 exploration program
• 150% growth in NI 43-101 resource at Thundercloud project since 2021

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - December 12, 2024) - Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G1) (OTC Pink: DGDCF) ("Dynasty" or the "Company") announces that the $0.13 warrants will expire at 5 p.m. (Vancouver Time) on December 15, 2024. The warrants were part of a private placement closed in December 2022. The remaining Company warrants are at $0.27.

Mr. Roman Shklanka, a director of the Company, exercised his 300,000 warrants for a total of $39,000. The Company is well funded for its 2025 exploration program and will announce its plans in the new year.

"We are encouraged by the drill results that we achieved at Thundercloud in the last three years since its acquisition from Teck Resources Limited ("TECK") in 2021. This resulted in a rapid growth of the NI 43-101 resource (dated September 2021) by approximately 150% primarily due to numerous high grade and long intercepts in many drill holes," commented Roman Shklanka. "The funded exploration program next year should further detail the results to date and extend the resource potential."

About Dynasty Gold Corp.

Dynasty Gold Corp. is a Canadian mineral exploration company currently focused on gold exploration in North America with projects located in the Manitou-Stormy Lake greenstone belt in Ontario and the Midas gold camp in Nevada. The Company is currently advancing its Thundercloud gold resource in northwest Ontario as outlined in a NI 43-101 Independent Technical Report, dated Sept. 27, 2021, that can be found on the Company and SEDAR websites. 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. For more information, visit the Company website www.dynastygoldcorp.com.

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: ichong@dynastygoldcorp.com

This press release contains certain "forward-looking statements" that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233629

FAQ

When do Dynasty Gold's (DGDCF) $0.13 warrants expire?

Dynasty Gold's $0.13 warrants expire on December 15, 2024, at 5 p.m. Vancouver Time.

How many warrants did Roman Shklanka exercise in Dynasty Gold (DGDCF)?

Roman Shklanka exercised 300,000 warrants at $0.13 each, for a total investment of $39,000.

What is the current price of Dynasty Gold's (DGDCF) remaining warrants?

Dynasty Gold's remaining warrants are priced at $0.27.

How much has Dynasty Gold's (DGDCF) Thundercloud resource grown since acquisition?

The Thundercloud project's NI 43-101 resource has grown approximately 150% since its acquisition from Teck Resources in 2021.