Dynasty Gold Corp.
TSX VENTURE : DYG
FRANKFURT : D5G

Dynasty Gold Corp.

August 16, 2006 09:30 ET

Dynasty Gold Drill Program Intersects 9m of 3.39 g/t Au at Hatu Project, Northwest China

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 16, 2006) - Dynasty Gold Corp. (TSX VENTURE:DYG)(FWB:D5G) ("Dynasty" or the "Company") is pleased to report that the first seven holes from its drilling programs at the Qi-2 deposit have returned twenty-six significant intersections of gold mineralization, including:

- 2 metres grading 9.12 g/t Au and 9 metres grading 3.39 g/t Au in hole DDH003

- 2 metres grading 5.21 g/t Au in hole RCH001

- 3 metres grading 4.54 g/t Au in hole RCH002

- 11 metres grading 1.83 g/t Au in hole RCH003

- 4 metres grading 2.33 g/t Au in hole RCH004

Dynasty and their JV partners Avocet Mining PLC have completed six diamond and twenty three reverse circulation drill holes as part of a combined 10,000m (approximately 50 hole) drill program at Hatu. To date, results have been received from the laboratory for only the first three diamond and four RC drill holes and are summarized in Table 1. A map of drill hole locations is posted on the Hatu Project page of Dynasty's website (www.dynastygoldcorp.com).

The Company is satisfied with these results, which are similar to previous work completed at the Qi-2 deposit. Notably, the mineralized intervals are all shallow and located at the eastern margin of the deposit where it is open for expansion. Results from these infill holes will be used in a planned new resource estimate, as part of the overall goal of upgrading the Qi-2 resources to reserves.

The first four infill RC drill holes at the Qi-2 deposit encountered seventeen shallow intersections of gold mineralization grading more than 0.5 g/t gold, as summarized in Table 1. All four holes were collared in the eastern-most extension of the Qi-2 deposit and drilled to the southeast. In addition, Dynasty has received results from three diamond drill holes. Hole DDH001 was an exploration hole approximately 1 kilometre southwest of the deposit and did not encounter mineralization. Holes DDH002 and DDH003 were drilled to the southeast in the easternmost part of the Qi-2 deposit and encountered eight sections of gold mineralization grading over 0.5 g/t gold, as summarized in Table 1.

Dynasty follows best practice procedures for quality control in sampling and analysis of drill and other litho-geochemical samples. RC drill samples are approximately four kilograms in size and drill core is sampled in approximately one metre, half-core intervals. Samples are prepared for analysis by the SGS-CSTC Standards Technical Services Ltd. facility in Urumqi and then shipped to the SGS lab in Tianjin for fire assay analysis for gold. Dynasty uses independent reference materials, sample duplicates and check samples to analyze laboratory quality.



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Table 1. Drill Hole Intervals with greater than 0.5 g/t Au
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Total
Interval Au grade
Drill Hole From (m) To (m) Length (m) (g/t)
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RCH001 27 29 2 5.21
35 40 5 1.81
44 45 1 6.17
48 49 1 0.92
60 61 1 1.78
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RCH002 52 62 10 1.37
75 78 3 4.55
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RCH003 28 29 1 4.93
35 46 11 1.82
60 64 4 2.03
84 88 4 0.68
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RCH004 38 39 1 0.56
44 48 4 2.33
51 53 2 0.75
54 55 1 0.75
56 57 1 0.68
131 135 4 0.62
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DDH001 0 150 No significant results
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DDH002 76 77 1 3.39
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DDH003 26 29 3 1.66
31 32 1 1.10
35 37 2 9.12
39 41 2 2.49
42 51 9 3.39
75 76 1 0.55
81 82 1 1.01
129 130 1 3.17
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Brian McEwen, Professional Geologist and President of Dynasty Gold Corp., is the qualified person for the Hatu project, as defined under National Instrument 43-101 and has reviewed the contents of this release.

The Company is looking forward to continued success with the drill program and eagerly awaits additional assay results as it works to both expand and upgrade the current resource.

Dynasty Gold Corp. is a leading Canadian gold exploration company in China with exploration programs at three highly prospective gold properties and partnerships with AngloGold Ashanti and Avocet Mining. The Qi-2 deposit is host to an Inferred Resource of 16.9 million tonnes at 1.68 g/t Au with a 1.0 g/t Au cut-off.

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

ON BEHALF OF THE BOARD OF DYNASTY GOLD CORP.

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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