Dynasty Gold Corp.

Dynasty Gold Corp.

October 25, 2006 10:05 ET

Dynasty Gold Intersects Additional Gold at Red Valley Project, China

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 25, 2006) - Dynasty Gold Corp. (TSX VENTURE:DYG)(FWB:D5G) ("Dynasty" or the "Company") is very pleased to report additional positive assay results from drilling at the Red Valley Gold Project, including:

5 metres @ 6.23 g/t Au in hole DDH045, including:
1 metre @ 10.20 g/t Au
1 metre @ 2.05 g/t Au in hole DDH021
3 metres @ 2.87 g/t Au in hole DDH039
3 metres @ 1.28 g/t Au in hole DDH040, including :
1 metre @ 2.48 g/t Au
1 metre @ 1.91 g/t Au in hole DDH042

A summary of drill results can be found below in Table 1, and a map of diamond drill hole locations is posted on the Red Valley Project page of Dynasty's website (www.dynastygoldcorp.com).

"We are very happy with the results to date at Red Valley," commented Dynasty President and CEO Brian McEwen. "In addition to getting some very encouraging drill intersections we have gained a better understanding of the geology, structure and alteration that will help us focus in on the core of the gold system in our next program."

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. Dynasty's previous exploration work identified a zone of surface alteration stretching for nearly 23 km with anomalous gold, arsenic, antimony and mercury surface samples. The two main prospects within this zone are the Red Valley and Chuancigou.

The 2006 exploration program at Red Valley is funded by AngloGold Ashanti ("AngloGold") through an equity financing completed in April (see Dynasty News Release, April 10th, 2006). The first diamond drill program at the property focused on the Red Valley and Chuancigou prospects, where Dynasty and its exploration partners have completed thirty-five diamond drill holes for a total of 5397 m of drilling. To date results have been received for twenty-three drill holes.

Integration of the 2006 drill results received to date, with surface and geophysical data has significantly improved the geologic understanding. As a consequence the Company believes that the complex thrust system that controls the mineralization remains largely untested, At the Red Valley prospect diamond drill holes have mainly tested the hanging wall thrust of a 500m wide duplex with a strike extent of approximately 1.6km. This duplex structure is considered a potential host to a number of gold-bearing shear zones, that collectively have the potential to host a significant gold system. Both Dynasty and AngloGold are of the opinion that the results received to date from the 2006 drill program returned encouraging results for a first program, and that the knowledge gained will allow subsequent drilling to target additional gold mineralization.

"The drilling and mapping this year has improved the geologic model, provided encouraging results, but we have only scratched the surface and need to apply our new concepts to further drilling programmes," commented Dr. Roric Smith, Chief Representative for AngloGold in China. "There are indications that a larger higher-tenor gold orebody controlled by thrust geometry and rock type is preserved and remains mostly untested.

Table 1. Red Valley Drill Hole Intervals to September 21st
(greater than 0.5 g/t Au, maximum of 2m of internal waste)
Interval Au grade
Drill Hole From (m) To (m) Length (m) (g/t)
DDH021 15.0 16.0 1.0 2.05
17.0 18.0 1.0 0.50
21.0 23.0 2.0 1.33
DDH023 36.0 38.0 2.0 1.00
DDH024 No significant intercepts
DDH025 No significant intercepts
DDH038 59.0 60.0 1.0 1.64
DDH039 10.0 11.0 1.0 2.58
26.0 27.0 1.0 0.57
46.0 49.0 3.0 2.87
DDH040 8.0 11.0 3.0 1.28
Including 9.0 10.0 1.0 2.48
DDH042 88.0 89.0 1.0 1.91
DDH043 No significant intercepts
DDH045 48.0 53.0 5.0 6.23
Including 49.0 50.0 1.0 7.81
And 50.0 51.0 1.0 10.20
And 51.0 52.0 1.0 7.01
And 52.0 53.0 1.0 5.50
DDH047 No significant intercepts
DDH055 No significant intercepts

Dynasty follows best practice procedures for quality control in sampling and analysis of drill and other litho-geochemical samples. Drill core is sampled in approximately one metre, half-core intervals. Samples are prepared and analysed by the SGS-CSTC Standards Technical Services Ltd.. laboratory in Tianjin for fire assay analysis for gold. 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 the Hatu project, as defined under National Instrument 43-101 and has reviewed the contents of this release.

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. Dynasty's Hatu property hosts a NI 43-101 compliant inferred gold resource of 912,600 ounces including 16.9 million tonnes at 1.68 g/t gold, with a 1.0 g/t gold cut-off.

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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