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Dynasty Gold Drills 163.5 m of 1.0 g/t at Thundercloud near Dryden

Nov 9, 2023

Dynasty Gold Corp. is pleased to report final drill results from the Phase 1, 2023 drill program at its Thundercloud property in the Archean Manitou-Stormy Lakes Greenstone belt, 47 kilometers southeast of Dryden in northwestern Ontario. 

Drill hole DP23-10 intersected a broad zone of 163.5 meters of 1.0 g/t at 33 meters from the surface, including higher grade sub-zone of 63 meters at 2.1 g/t and high-grade intervals of 22.5 meters of 4.5 g/t, 7.5 meters of 8.8 g/t and 3 meters of 11.2 g/t together with sub-intervals of 1.5 meters each of 20.3 g/t and 28.3 g/t. This hole demonstrates wide-spread near surface mineralization in the Pelham Zone with multiple higher grade intervals. The ten holes reported for 2023 Phase 1 drilling together with historical holes indicate an open-pit mineable body of gold mineralization at Thundercloud. The two test holes drilled in the previously untested areas of West Pelham also returned mineralization at 21.7 and 45.0 meters from the surface. See Table 1 below.

The Pelham Zone hosts an historic NI 43-101 open-pit inferred resource of 182,000 ounces of gold at an average grade of 1.37 g/t (see Press Release of January 4, 2022). Following last year's impressive drill results, this year's drilling continued to intersect near-surface broad- and high-grade gold mineralization. The Company plans to conduct metallurgical testing in the coming months on core from both the 2022 and the 2023 Phase 1 drilling to obtain information on potential ore recoveries.

Ivy Chong, the President and Chief Executive Officer stated: "We are pleased with Phase 1 drill results. It indicates a strong potential for achieving an economic open-pit mineable resource in the making. The reported ten holes in Phase 1 drilling have intersected a total of 741.6 meters of mineralization with average grades ranging from 1.0 g/t to 3.28 g/t. Hole DP23-10 demonstrated once again our success in expanding the near surface mineralization in the Pelham Zone. Over ninety percent of the property is yet to be drilled, the potential to add tonnage and improve on grades are enormous in an area where there is excellent infrastructure to support mine development. The Company is awaiting assay results of 5 holes drilled in October 2023 from our Phase 2 drilling program, and will report these results as soon as they are available."

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