If what you need, in order to feel good about yourself later on, is to show him some mercy - then show him mercy. If you need to tell him the truth, do that. But try to look at in terms of what you're going to be able to live with ten, twenty years d...
Your dad's story is over. In six months or a year, this will be done for him. He won't be dealing with the consequences of what you choose to do now. You will. So you make this decision based on what you need.
If you don't change course - if you don't have something waiting for you, even if it's just to occupy you until you turn eighteen, you're not going to make it. You need to make a plan for next year.