Dynasty Completes First Five Drill-Holes in South-Pelham Area

Dynasty Gold Corp. (TSXV: DYG,OTC:DGDCF) (FSE: D5G1) (OTC Pink: DGDCF) ("Dynasty" or the "Company") is pleased to provide an update on the progress of its drill program on its 100% owned Thundercloud property in Northwest Ontario, a region renowned for its numerous gold deposits. Drilling was targeted at induced polarization (IP) chargeability anomalies, which are typically indicative of sulphide, particularly pyrite, mineralization within the South-Pelham area. Some fine grains, interpreted to be gold (see Figure 1), were observed within a vug in Hole DP26-01 at 100m, which was drilled at a 180° azimuth and a -52° dip, with a collar location 30m northwest of TC24-06. Drilling intersected multiple zones of weak sulphide mineralization consisting of pyrite, pyrrhotite, and minor chalcopyrite within a sequence of pillow-basalt, mafic breccias, and fine-grained sediments, periodically cut by medium-grained quartz-feldspar porphyry dykes.

Figure 1: Photo micrograph of drill core from DP26-01 at approximately 100m showing two bright spots (indicated by red arrows) thought to be gold, within a band of pyrite, pyrrhotite, and chalcopyrite. The field of view is 7mm.

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"Subject to verification by assay, we are pleased to see possible gold grains in the first drill hole during drilling in the South Pelham area. This is the first encounter with possible visible gold in the South Pelham target area, which is 1km south of the Pelham resource. Visible gold has been observed in several core sections in the Pelham Zone. The Thundercloud project hosts numerous areas of gold-bearing sulphide mineralization, with extents that have yet to be fully determined," commented Ivy Chong, President and Chief Executive Officer.

The five drill holes within the South Pelham area targeted various IP chargeability anomalies that were proximal to gold-bearing mineralization either in surface trenches or historical drill holes. Drilling is expected to continue until fall. Higher-priority targets include testing down-plunge extensions of Dynasty Gold's highest-grade gold chute and trend within the Pelham resource, as well as testing for a potential fault offset at the eastern end of the Pelham gold zone. Additional drilling may be conducted in the South Pelham area once assay results are received from the first phase of drilling.

The technical information in this news release has been reviewed and approved by Peter Holbek, MSc, P.Geo, an independent consultant to the Company and a "Qualified Person" ("QP") as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

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 in the Midas gold camp in Nevada. The Company is currently advancing its Thundercloud gold resource in northwest Ontario. A NI 43-101 Independent Technical Report, dated September 27, 2021, can be found on the Company's 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, and shares similar geological features as the Midas Gold mine. For more information, please visit the Company's website www.dynastygoldcorp.com.

ON BEHALF OF THE BOARD OF Dynasty Gold Corp.

"Ivy Chong"_____________
Ivy Chong, President & CEO

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.

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