New Destiny Mining Corp. announced a non-brokered private placement of up to 22,500,000 non-flow-through units at a price of CAD 0.10 per unit for gross proceeds of up to CAD 2,250,000; and 10,000,000 flow-through units at a price of CAD 0.15 per unit for gross proceeds of up to CAD 1,500,000; for aggregate gross proceeds of up to CAD 3,750,000 on February 24, 2023. Each non-flow-through unit will comprise of one common share and one share purchase warrant.

Each warrant will entitle the holder to purchase one additional common share at the price of CAD 0.25 for a period of 18 months after closing. Each flow-through unit will comprise one common share and one-half share purchase warrant. Each whole flow-through warrant will entitle the holder to purchase one additional common share which is a non-flow-through share at the price of CAD 0.25 for 18 months after closing.

A finder's fee may be paid to eligible finders in accordance with the TSX-V policies. All securities issued pursuant to the offering will be subject to a hold period of four months and one day from the date of closing. The transaction and payment of finders' fees are both subject to approval by the TSX-V.