Dynasty Gold Corp.

Dynasty Gold Corp.

November 22, 2011 09:30 ET

Dynasty Gold Phase One Drilling at Golden Repeat Property in Nevada Intersecting New Mineralized Structure Containing 3.4 g/t Over 1.7 Meters

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 22, 2011) - Dynasty Gold Corp. (TSX VENTURE:DYG)(FRANKFURT:D5G) ("Dynasty" or the "Company") is pleased to report that it has completed three reverse circulation drill holes totalling 816 meters at the Golden Repeat property in Nevada. The objective of these preliminary holes was to test down dip extension of outcropping fault hosted quartz vein cutting basalt that was identified during the July 2011 mapping and sampling program. Two holes were drilled from the north and south side of this vein to hit a mineralized fault that assayed 1 g/t gold and 1000 g/t arsenic at the surface. The third hole was drilled 130 meters to the southwest targeting the extension of mineralized rhyolite structure encountered by Yamana Gold on their property immediately southeast of Golden Repeat.

The first hole (DG-1) was drilled to 304 meters intercepting 0.569 g/t gold over 1.7 meters at 296 meters. This interval was part of a thicker zone of mineralization characterized by abundant pyrite in argillized basalt that average 0.265 g/t gold, 1.1 g/t silver and 145 g/t arsenic over 10.7 meters. The second hole (DG-2) was drilled to 227 meters. Again mineralization was detected in the upper part of the rhyolite with characteristics similar to the first hole. This result indicates that the fault-vein at the surface is the same structure as the deep intercept in the first hole.

The third hole (DG-3) was drilled to 285 meters and it hit a well-mineralized zone at the top of the rhyolite. Assaying returned 3.4 g/t gold and 44.6 g/t silver over 1.7 meters at a drill depth of 130 meters. This interval was part of a thicker zone that averaged 1.14 g/t gold, 9.0 g/t silver, and 968 g/t arsenic over 12.2 meters. The zone is characterized by silicification, oxidation and fracturing of pyritic rhyolite.

The results from the holes are encouraging and consistent with the previous Romarco and Yamana drill results particularly DG-3 indicating that the target altered rhyolite unit at shallow depth appears to be favorable for the development of mineralized quartz veins. Dynasty is currently undertaking a thorough review of the phase one drill results, including geologic modeling, and will follow up with interceptions encountered at DG-3 as well as the intercepts at the new vein (DG-1 and DG-2). The next phase of work will focus on these areas to understand the direction of the vein and associated geological structure. Further geological work may also include geochemistry and geophysics of the remaining ninety percent of the property that has not been properly explored. The specifics of next phase of work will be announced as soon as detail plans are drawn up.

This press release was reviewed by Richard Jones, P.Geo, a Qualified Person as defined by National Instrument 43-101.

Quality Control

Samples together with gold standards, blanks and duplicates were submitted to the lab as a sample stream consisting of 576 consecutively numbered sample bags and each drill sample represents a 5-foot run. Sample sheets that were pre-numbered with sample number, drill hole number, and footage were kept at the sampling station while drilling, and the sampler checked off each sample as it was taken as part of the quality control procedure. Fourteen (2.4%) gold standards, fifteen blanks (2.6%) and thirteen duplicates (2.3%) were included in the 576 samples submitted. In all cases, the lab results for the standards, blanks and duplicates were consistent and within acceptable range of expected values.

About Golden Repeat Property, Nevada, USA

The Golden Repeat property consists of 49 claims located on the north slope of the Midas Trough, along the Carlin Trend, within the Northern Nevada Rift. These claims host many geological similarities to the well-known Midas Gold District. Ten miles to the east of the property is Newmont's Ken Snyder mine (6.41 million ounce gold reserves as of 2007 at over 14g/t), an epithermal, bonanza-type gold-silver bearing system. Additionally, three major sediment-hosted gold mines, Barrick's Getchell and Atna's Pinson Mines and Newmont's Twin Creeks Mine, lie 10-15 miles west of the property. Two distinct targets exist on the property. One is a volcanic-hosted epithermal occurrence, similar to Newmont's Ken Snyder deposit. The other is a sediment-hosted, gold mineralization beneath the tertiary volcanic rocks. The property was drilled by Goldfields in 1992 to 1994 and Romarco in 1997/1998. The most recent work completed on the property was in 2006.

About Dynasty Gold Corp.

Dynasty Gold Corp. is a Canadian gold exploration company currently focused on gold exploration in North America. Two active exploration programs in Nevada, US and Quebec, Canada are underway. For more information on the Company and its projects, please refer to the website www.dynastygoldcorp.com.


Ivy Chong, 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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