Destiny Media Closes Private Placement to Directors

             Destiny Media Closes Private Placement to Directors

PR Newswire

VANCOUVER, June 13, 2014

VANCOUVER, June 13, 2014 /PRNewswire/ - Destiny Media Technologies (TSXV: DSY)
(OTCQX: DSNY) announces that it has closed its private placement to its
directors for 128,701 shares of common stock at USD $0.96 per share for gross
proceeds of USD $123,553.

The shares sold pursuant to the private placement may only be resold  pursuant 
to Regulation  S  of  the  U.S.  Securities  Act,  an  effective  registration 
statement under the U.S.  Securities Act or pursuant  to an another  exemption 
from registration of the U.S. Securities Act. Under Canadian securities laws,
the shares are subject to restrictions on transfer until October 14, 2014.

As members of the board  of directors subscribed for  all of the shares  under 
the private placement,  the issuance  of the  shares is  considered a  related 
party transaction subject to TSX Venture Exchange Policy 5.9 and  Multilateral 
Instrument 61-101.  Destiny Media  is relying  on exemptions  from the  formal 
valuation  and  minority  shareholder  approval  requirements  provided  under 
sections 5.5(a) and 5.7(a) of Multilateral Instrument 61-101 on the basis that
participation in the private placement by  insiders did not exceed 25% of  the 
fair market value of Destiny Media's market capitalization

Proceeds from the private placement will  be used for general working  capital 
purposes.

On Behalf of the Board of Directors

Steve Vestergaard
CEO

Destiny Media Technologies  provides services  that enable  content owners  to 
securely display  and  distribute  their audio  and  video  content  digitally 
through the internet. The Company's two major services are Clipstream and Play
MPE®. Clipstream  (www.clipstream.com) is  a video  format that  plays on  any 
modern smart phone, tablet, internet, TV, or computer. With Clipstream,  there 
is no player to configure or install, videos never go obsolete, and there  are 
up to 90% cost savings by reducing the use of transcoding, infrastructure  and 
bandwidth. Play  MPE  (www.plaympe.com)  provides  a  standardized  method  to 
securely and cost effectively distribute  pre-release music to radio  stations 
and other music  industry professionals,  before it  is ready  for sale.  More 
information can be found at www.dsny.com.

                            Safe Harbor Statement

This press release contains forward-looking  statements within the meaning  of 
the  Private  Securities  Litigation  Reform  Act  of  1995.  Forward-looking 
statements are  subject  to  risks,  uncertainties  and  assumptions  and  are 
identified by  words such  as "expects,"  “intends”, "estimates,"  "projects," 
"anticipates," "believes," "could," and  other similar words. All  statements 
addressing product  performance, events,  or developments  that Destiny  Media 
Technologies, Inc.  expects  or  anticipates  will occur  in  the  future  are 
forward-looking statements. Because the statements are forward-looking,  they 
should be evaluated  in light  of important risk  factors and  uncertainties. 
Should one or more of these risks or uncertainties materialize, or should  any 
of Destiny Media Technologies, Inc.’s underlying assumptions prove  incorrect, 
actual results may vary materially  from those currently anticipated.  Except 
as required by law, Destiny Media Technologies, Inc. disclaims any  obligation 
to update or  publicly announce any  revisions to any  of the  forward-looking 
statements contained in this  press release. 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.

NEITHER TSX VENTURE  EXCHANGE NOR  ITS REGULATION SERVICES  PROVIDER (AS  THAT 
TERM IS  DEFINED  IN  THE  POLICIES  OF  THE  TSX  VENTURE  EXCHANGE)  ACCEPTS 
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE Destiny Media Technologies, Inc.

Contact:

Contacts:
Steve Vestergaard
CEO Destiny Media Technologies, Inc.
604 609 7736 x222
Investor Relations:
Dave Mossberg
Three Part Advisors
817-310-0051
 
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