Dynasty Gold Corp.
TSX VENTURE : DYG
FRANKFURT : D5G

Dynasty Gold Corp.

May 10, 2011 09:30 ET

Dynasty Gold Announces Golden Repeat, Nevada 2011 Exploration Program May 10, 2011

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 10, 2011) - Dynasty Gold Corp. (TSX VENTURE:DYG)(FRANKFURT:D5G) ("Dynasty" or the "Company") is pleased to announce its planned summer 2011 exploration program for the Golden Repeat property located in the Midas Region of Nevada. The Company signed a definitive earn-in agreement for the property on January 12, 2011 (please refer to the December 10, 2010 Stockwatch news release). The Company plans a staged drill program on the property. The proposed first phase drill program consists of 1,230 meters of drilling. It is designed to follow-up previous drill intercepts on the eastern portion of the Golden Repeat property. Romarco drilled a total of seven drill holes on the Golden Repeat property in the 1990's. Several of these drill holes intercepted anomalous gold values up to 2.410 ppm Au. These intercepts are at a relatively high stratigraphic level. Drilling by Meridian/Yamana Gold in 2007 and 2008 encountered high-grade gold and silver intercepts 790 m to the southeast in an altered rhyolite unit that extends to the northwest below the Golden Repeat property.

That particular rhyolite unit appears to be more favorable for the development of mineralized quartz veins. The favorable rhyolite unit underlies the anomalous Romarco drill intercepts. The proposed drill target in the eastern portion of the Golden Repeat property is to drill down dip of Romarco's intercepts to hit the zone in the more favorable rhyolitic unit. Five holes are planned. Two holes will test the upper and mid levels of the favourable rhyolite. Two holes will step 160 meters north and repeat the two-level test in the rhyolite. A fifth drill hole is an alternate that was targeted on anomalous surface soil geochemistry.

In addition to the first phase drill program, the Company also intends to conduct geochemistry and geophysics on the remaining 90% of the property. This work may also generate new drill targets. Second phase drill program will be determined following the outcome of first phase drill program and the interpretation of geochemistry and geophysics data.

About Golden Repeat Property

The Golden Repeat property is situated in western Elko County, north-central Nevada, and 68 km northeast of the town of Winnemucca and easily reachable by road from I-80. The property consists of 49 lode mining claims for approximately 890 acres.

(Please visit the following link to view Figure 1, Northern Nevada Rift Aeromagnetics: http://media3.marketwire.com/docs/dyg510i.pdf)

The Golden Repeat claims cover a portion of an epithermal vein system that is located near the western margin of the Northern Nevada Rift (NNR). Crustal extension and associated magmatism related to the NNR developed during the mid-Miocene (17 to 14 Ma) and formed a linear north-northwest trending basin that accumulated thick sequences of volcanic, hypabyssal intrusive and syn-sedimentary rocks. Numerous epithermal systems developed along the extensional faults related to the NNR and are essentially coeval in age. Historic and modern exploration has investigated many of these paleo-epithermal systems and some have resulted in the discovery of bonanza-grade epithermal vein deposits and prospects, which include Ken Snyder, Hollister (Ivanhoe), Mule Canyon, Fire Creek, Buckhorn and Buckskin- National. Evolving Gold's Jake Creek property to the Northeast of Golden Repeat property has recently intersected 45.7m at 0.97 g/t and 1.5m at 11.3 g/t of gold. The stronger magnetic response of the volcanic and intrusive units related to the NNR produce a strong linear magnetic anomaly that shows a close spatially relationship to many of the mines and prospects that have ages of mineralization that correspond to the development of the NNR (Please visit the following link to view Figure 1, Northern Nevada Rift Aeromagnetics: http://media3.marketwire.com/docs/dyg510i.pdf).

The mineralizing system exposed at the Golden Repeat property is similar to the high-grade mineralization being exploited by Newmont at the Ken Snyder mine located 10 miles to the east-northeast where the bonanza veins are commonly spatially associated with rhyolite units. At the Golden Repeat property, rhyolite units are found at several stratigraphic levels and are interpreted to be intrusive domes.

This press release is reviewed by Larry Kornze, a Qualified Person under National Instrument 43-101.

About Dynasty Gold Corp.

Dynasty Gold Corp. is a Canadian gold exploration company currently focused on gold exploration in North American. Two active exploration programs in Nevada US and Quebec, Canada are underway. For more information on the Company and its projects, please refer to the websitewww.dynastygoldcorp.com.

ON BEHALF OF THE BOARD OF DYNASTY GOLD CORP.

Ivy Chong, President and 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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