Dynasty Gold Corp.

Dynasty Gold Corp.

April 10, 2006 18:48 ET

Dynasty Gold Closes CDN$2,845,000 Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 10, 2006) - Dynasty Gold Corp. (TSX VENTURE:DYG)(FWB:D5G) ("Dynasty" or the "Company") is pleased to announce the closing of the previously stated non-brokered private placement (Dynasty News Release, February 24th, 2006). A total of 7,112,500 units have been placed for gross proceeds of CDN$2,845,000. Each CDN$0.40 unit consists of one common share and one half (1/2) common share purchase warrant. Each whole common share purchase warrant entitles the holder to purchase one common share at an exercise price of CDN$0.60 per share for up to 24 months from the date of closing. The shares and the warrants to be issued will be subject to a four month hold from the date of closing of the private placement. This private placement is subject to approval by the TSX Venture Exchange.

A total of 5,750,000 units valued at CDN$2,300,000 were placed with AngloGold Ashanti Limited, and will be used to fund exploration at the Company's Red Valley and Wild Horse projects in Northwest China (see Dynasty News Releases, February 27th, 2006 and April 4th, 2006). The remainder of the placement will fund new project exploration and cover working capital.

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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