Dynasty Gold Corp.

Dynasty Gold Corp.

April 30, 2007 09:30 ET

Dynasty Gold Announces US$1.5 Million Exploration Program at Red Valley Project, China

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 30, 2007) - Dynasty Gold Corp. (TSX VENTURE:DYG)(FRANKFURT:D5G) ("Dynasty" or the "Company") is pleased to announce the details of its upcoming exploration program at the Red Valley Project in Qinghai Province, China. The approximate US$1.5 million program will include diamond drilling, ground magnetic surveying and geological studies.

The 2007 exploration program at Red Valley is funded by AngloGold Ashanti ("AngloGold") and will be conducted by a joint Dynasty - AngloGold team. The US$1.47 million budget includes:

1) Geological mapping to constrain Red Valley Duplex system and Xigou drill targets identified at the end of 2006 (1:5,000 to 1:2,000 scale).

2) Drill testing of priority targets at the Red Valley and Xigou prospects, including up to 5,000m of diamond drilling.

3) Extending the ground magnetic survey across current drill targets.

4) Ground truthing and following-up of regional geochemistry anomalies.

The Red Valley project is situated within the Qilian fold belt, a NW-SE trending assemblage of late Proterozoic to Ordovician aged sediments and volcanics. Major structural trends within the region are NW-SE with less topographically pronounced EW and NE trending cross structures.

Following the analysis of the 2006 drilling results, surface and geophysical data the exploration team identified a complex thrust system that is believed to control the mineralization at the Red Valley prospect. This duplex structure is thought to be a potential host to a number of gold-bearing shear zones that collectively have the potential to host a significant gold system. However, both Dynasty and AngloGold are of the opinion that the 2006 drill program did not test the central part of this system, and have designed the 2007 drill program to do so. The upcoming program will start at approximately the end of May.

An overview of the 2006 drill program results and plans for 2007 are included in a presentation compiled by AngloGold that is available in the Investor - Presentation section of Dynasty's website: http://www.dynastygoldcorp.com/s/Presentation.asp.

Dynasty Gold Corp. is a leading Canadian gold exploration company in China with three highly 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.


Brian R. McEwen, 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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