Dynasty Gold Corp.

Dynasty Gold Corp.

April 04, 2006 10:45 ET

Dynasty Gold Announces US$3.5 Million Exploration Program in Northwest China

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 4, 2006) - Dynasty Gold Corp. (TSX VENTURE:DYG)(FWB:D5G) ("Dynasty" or the "Company") is pleased to announce a US$3.5 million exploration budget for the Hatu, Red Valley and Wild Horse properties in 2006. The exploration work at the three properties will include:

- 15,000 m of drilling

- 2000 m3 of trenching

- 4000 rock samples

- 6700 soil and stream sediment samples

- IP and ground Magnetic geophysics

Hatu Project, Xinjiang Province

Dynasty's 1000 km2 Hatu property hosts an Inferred gold resource of 912,600 oz gold at the Qi-2 deposit (NI 43-101 compliant: 16.9 million tonnes at an average 1.68 g/t gold with a 1.0 g/t cutoff. See Dynasty News Release June 6, 2005.) The 2006 exploration program will focus on upgrading this resource to the Measured and Indicated category by completing approximately 8000 m of infill drilling using reverse circulation drill equipment from an international contractor. A further 2000 m of diamond drilling will be completed by a local drill company. The diamond drilling will include holes for metallurgical testing and additional holes targeting new mineralization at Qi-2 as well as elsewhere on the property.

The exploration budget for Hatu in 2006 is approximately US$1.8 million and funding will be provided through Avocet Mining's Joint-Venture earn-in expenditures. (See Dynasty News Release March 2, 2006.) Diamond drilling will commence by late April, with the infill program to follow later in May. Avocet will offer technical expertise throughout the program, as well as provide access to other services where applicable.

Red Valley Project, Qinghai Province

In 2005 Dynasty completed extensive rock and soil sampling at Red Valley, as well as a ground magnetic geophysical survey over the main zone of alteration and mineralization. Surface sampling confirmed anomalous gold, arsenic, antimony and mercury throughout the length of the 16 km alteration zone. Analysis of the surface samples and magnetic survey results suggests that the mineralization continues for at least another 2 km to the northwest, where it dips under shallow colluvial cover. A trench located 2 km northwest of the previously identified mineralization returned 1.7 g/t gold over 9 m, confirming the continuation of mineralization in the area.

The US$1.1 million exploration budget for the Red Valley project will include up to 5000 m of diamond drilling. A portion of the drilling will be done using the standard drill rig which was brought to the site in October 2005 and left on location over the winter. The remainder of the drilling will be completed using Kluane man-portable drill rigs. These rigs have good core recovery, fast throughput and are ideal for accessing areas of the Red Valley property not yet reached by road.

Funding for the 2006 program at Red Valley will be secured through the previously announced private placement with AngloGold Ashanti. (See Dynasty Gold News Release, February 27, 2006.) The exploration program for 2006 has been designed with technical input from AngloGold Ashanti's exploration team in China. Personnel and equipment will begin to arrive at the site April 15th and drilling is expected to commence by the end of the month. Drill holes will be approximately 100 - 200 m in depth and will be located based on rock and soil sample results, geologic mapping and geophysical interpretation. Surface sampling will continue in order to define additional drill targets.

Wild Horse Project, Gansu Province

In conjunction with AngloGold Ashanti's China based exploration team, Dynasty has designed the first significant exploration program for the 2000 km2 Wild Horse property. The approximately US$600,000 budget includes 100 km of ground magnetic geophysical surveys, 1000 m3 of trenching and 7500 soil and rock samples. Work will be regional but will include considerable focus at the Heicigou showing where recon work in 2005 returned surface samples up to 3.6 g/t gold.

Analytical Work and Quality Control

Dynasty follows best practice procedures for quality control in sampling and analysis of drill core and other litho-geochemical samples. Exploration samples from all three projects will be prepared and analyzed by SGS-CSTC Standards Technical Services Ltd. facility in Tianjin, with the exception of the Hatu samples which will have the preparation completed at the SGS facility in Urumqi prior to being shipped to the Tianjin lab. Metallurgical test work for the Hatu project will be completed at Avocet's Malaysian mine operation which hosts a deposit with similar ore type and grade as the Qi-2 deposit.

Dynasty uses independent reference materials, sample duplicates and check samples to analyze laboratory quality. Brian McEwen, Professional Geologist and President of Dynasty Gold Corp., is the qualified person for all of Dynasty's projects, as defined under National Instrument 43-101.

New Opportunities

In addition to Dynasty's three on-going projects, the Company and its joint-venture partners continue to evaluate other areas for prospective gold projects. Dynasty President and CEO, Brian McEwen, commented, "In addition to advancing our current projects, Dynasty's strategy includes acquiring new projects of merit. We are currently assessing new opportunities and we expect to add another highly prospective gold property to our portfolio this year."

Dynasty Gold Corp. is a Canadian based junior resource company focused on acquiring, exploring and developing gold projects in China. 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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