Dynasty Announces Temporary Work Delay at the Zaruma Gold Project
Vancouver, B.C., April 1, 2016 – Dynasty Metals & Mining Inc. (“Dynasty” or the “Company”)(TSX: DMM, OTCQX: DMMIF) announced that an unexpected walkout by workers at its Zaruma gold mine in Ecuador has resulted in the temporary suspension of all activities at the mine. Administration and all other projects of the Company are unaffected. Dynasty is exploring available options to resume mining activities at Zaruma, and is in discussions with worker representatives in cooperation with labour authorities with a view to resolving this situation as soon as practicable.
Management remains hopeful that the issues relating to this walkout can be resolved shortly. However, as the duration or outcome of the walkout is out of management’s control and cannot be reasonably predicted, a further delay remains a possibility. The Company will provide updates as the situation evolves.
About Dynasty Metals & Mining
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.
Naomi Nemeth, Investor Relations
Toronto Office: 1 416 366 3881
Toll Free: 1 888-735-3881 (North America only)
This news release contains certain forward-looking information that reflect the current views and/or expectations of Dynasty with respect to its performance, business and future events, including statements regarding the timing of the resolution of the unexpected work delay, its expected outcome and its impact on operational results of the Zaruma project. Forward-looking information is based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates. Forward-looking information is not a guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Investors are cautioned that forward-looking information contained herein involve risks and uncertainties including, without limitation, that further delays in the resumption of mining activities may materially adversely impact the Company’s financial performance and results of operations, as well as other risk factors listed from time to time in the Company’s public filings. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking information, which is qualified in their entirety by this cautionary statement. Dynasty does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking information, except as required by applicable securities law.