Dynasty Gold Corp.

Dynasty Gold Corp.

October 05, 2007 16:30 ET

Dynasty Gold Announces Non-brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 5, 2007) - Dynasty Gold Corp. (TSX VENTURE:DYG)(FRANKFURT:D5G) ("Dynasty" or the "Company") announces that it plans to complete a non-brokered private placement of up to 7,000,000 units at a price of CDN$0.10 per unit for gross proceeds of CDN$700,000. Each unit consists of one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to purchase one common share at CDN$0.15 for the period ending on the first anniversary from the date of closing (the "Closing Date"), and at CDN$0.20 for the period ending on the second anniversary from the date of closing. Finder's fees and warrants may be payable. The private placement is subject to the approval of the TSX Venture Exchange.

The Company will use the proceeds of the private placement to fund the Hatu exploration program and for new project evaluation currently underway in the Qinghai Province of People's Republic of China.

The Company further announces that it has granted incentive stock options for the purchase of up to 825,000 common shares to directors and officers of the company at $0.10 per share, exercisable for a period of five years. Stock options granted are subject to vesting period and regulatory approval.

Dynasty Gold Corp. is a Canadian gold exploration company working in China with two prospective gold properties currently being explored through partnerships with AngloGold Ashanti and Avocet Mining.

For more information on the Company and its projects, please refer to the website, www.dynastygoldcorp.com.


Ivy Chong, Interim President & CEO

This press release contains certain "forward-looking statements" that involve a number of risks and uncertainties. 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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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