Dynasty Gold Hits 3.65 g/t Au over 7.5m Extending Pelham Mineralization 100m Deeper to 323m at Thundercloud

Dynasty Gold Corp. (DYG) reported assay results for drill hole DP26-07 on the Pelham zone, along with data from two South-Pelham holes, DP26-04 and DP26-05. The release, dated 5 November 2026, describes a "new gold discovery in the footwall of the Pelham deposit."

DP26-07 composites as reported: - 16.0 m @ 0.31 g/t Au from 151.0 m (incl. 4.0 m @ 0.66 g/t from 157.0 m) - 48.0 m @ 0.39 g/t Au from 213.0 m (incl. 16.6 m @ 0.60 g/t from 231.0 m, 1.5 m @ 2.96, 1.5 m @ 2.70, 1.5 m @ 2.06) - 44.0 m @ 0.63 g/t Au from 279.0 m, including 7.50 m @ 3.65 g/t Au from 315.5 m to 323.0 m

The 7.50 m @ 3.65 g/t interval consists of exactly five consecutive 1.5 m samples: 6.20, 6.26, 2.27, 1.29 and 2.24 g/t. The hole ends in mineralization at 323.0 m.

South-Pelham results include DP26-04, which returned 36.0 m @ 0.32 g/t from 8.0 m (incl. 15.0 m @ 0.54), 6.0 m @ 0.59 g/t from 80.0 m, 1.5 m @ 1.58 g/t at 98.0 m, and 10.5 m @ 0.81 g/t from 174.5 m, with the interval from 185.0-200.0 m (15.0 m) still "will be sampled." DP26-05 returned 2.0 m @ 0.26 g/t and 18.0 m @ 0.23 g/t. Holes DP26-01 to -03 returned "geochemically anomalous" values with "no intersections of economic significance."

Assay coverage shows results for DP26-07, DP26-04 and DP26-05 are in hand, with partial results for DP26-06. Assays for hole 6 and holes 8 to 14 are pending, meaning roughly 4 of a 14-hole programme have been reported.

The company plans 1,000-1,500 m in 3-4 step-out holes. The treasury is stated as "over $2M" after completing the current programme. Core recovery is close to 100%; true widths are not known and no cutoff is stated.

The assay content is identical to the company's 28 October 2026 release, featuring the same intervals and the same five sub-samples. This release re-packages that data as a "new discovery" and headlines the composite of the five samples.

Dynasty Gold Corp. (DYG), a pre-resource junior explorer with a C$6.7 million market cap and no revenue, reported that its Thundercloud resource stands at 182,000 oz at 1.37 g/t based on an NI 43-101 report from September 2021. The company’s investor relations materials describe the resource as approximately 200,000 oz. At this stage of exploration, hole-level news is considered material only if it visibly increases tonnage or shifts the grade of the existing resource.

The latest release contains no new assays relative to 28 October 2026, offering only interpretation of existing data. The single genuine interval identified is a 7.5 m lens at 320 m depth with a barren halo, representing on the order of 12,000-25,000 oz of poorly constrained material.

Market context shows shares trading at C$0.09, the bottom of a 12-month range between C$0.09 and C$0.23. The stock fell from C$0.12 to C$0.09 across 27-28 October as the DP26-07 data was released. The market has already seen these numbers and rejected them; a re-issue does not create a new catalyst, and the price cannot be said to be assuming a good result.

The net effect on the thesis is neutral-to-negative. The Pelham system demonstrably extends to 323 m, which is a mild geological positive, but it is narrow, deep, and surrounded by near-waste. The equity has no valuation room to be spent on re-statements of old assays while 11 holes remain outstanding.

Dynasty Gold Corp. (TSXV: DYG; FSE: D5G1; OTC Pink: DGDCF) is a junior gold explorer with no revenue, production, or debt. The company’s primary asset is the Thundercloud property in northwestern Ontario, a 36 km² package acquired from Teck. Located 47 km southeast of Dryden within the Manitou-Stormy Lakes greenstone belt, the property features strong infrastructure, including the Trans-Canada Highway, CN rail, nearby power, and established relationships with First Nations.

The Thundercloud deposit comprises the Pelham zone, the South-Pelham area, and the Contact zone. The Pelham zone is characterized by open-pit potential, featuring NE-plunging high-grade shoots within east-west trending pyritic lenses. The South-Pelham zone, located 1.5 km south, contains IP chargeability targets and near-surface mineralization. According to the company’s September 2021 NI 43-101 report, the property holds an inferred resource of 182,000 oz at 1.37 g/t. An internal 2023 estimate cited 439,410 oz at 2.14 g/t using a 0.5 g/t cut; this figure is explicitly non-43-101 and excludes drilling conducted between 2024 and 2026.

Dynasty also holds the Golden Repeat property in Nevada. Situated in the Midas camp on 400 hectares, the property features Carlin/bonanza-style mineralization subject to a 2% NSR, with a 75% buyback option for US$1M upon production. The asset is currently dormant, with management evaluating joint venture or consolidation options.

As of March 31, 2026, Dynasty had 73.95 million shares outstanding, along with 10.99 million warrants and options, resulting in a fully diluted share count of 84.94 million. The company reported C$3.24 million in cash and C$2.90 million in working capital, with current releases noting cash holdings of "over $2M." The company posted a net loss of C$94,844 for the first quarter of 2026 and C$328,053 for the fiscal year 2025. Capital expenditure for FY2025 totaled C$579,761. With a book value of C$0.09 per share, the stock trades at approximately book value.

Ivy Chong serves as president and CEO, alongside board members Larry Kornze and Richard Redfern. Technical advisers include Max Baker, Bob Gallagher, and Lee Barker. Insiders and long-term holders own approximately 35% of the company, while Rob McEwen holds 8.5%. Management has experience promoting and financing micro-cap exploration projects but has no track record of building a mine.