Dynasty Gold Corp.

Dynasty Gold Corp.

July 13, 2011 18:29 ET

Dynasty Gold Provides Golden Repeat Exploration Program Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 13, 2011) - Dynasty Gold Corp. (TSX VENTURE:DYG)(FRANKFURT:D5G) ("Dynasty" or the "Company") is pleased to provide an update on its Golden Repeat exploration program in Nevada first announced on May 10, 2011. Dynasty Gold's geological team led by Larry Kornze, the Vice President of Exploration, visited the Golden Repeat property on June 15, 2011. A favorable assessment of the current situation by the team in regard to the exploration plan has enabled the Company to kick-off the surface exploration effort on July 7. The surface work consists of mapping, data compilation, geochemistry, and geophysics over the entire property. The main objectives of this surface work are to refine the existing drill targets and to identify additional drill targets on the property.

The Company has submitted a permit application to the Bureau of Land Management in Elko County to drill on the property. The first phase of drilling will consist of 1,230 meters on the targets previously identified by Yamana Gold and confirmed by Dynasty Gold's geological team (Stockwatch May 10, 2011). The Bureau of Land Management approved the original drill plan in 2007 when Yamana Gold first submitted it. The permitting process for Dynasty Gold's resubmission is expected to take between six to eight weeks. The Company is also in the process of securing a drill rig in anticipation of the drill permit approval.

Richard Jones, P. Geo, a senior geologist with 28 years of experience in mineral exploration, geological engineering and mine management in Nevada, has been engaged to lead the Golden Repeat exploration program. Most recently, Richard has worked in the nearby Hollister Mine (35 km South East of Golden Repeat). He specializes in geological interpretation of geochemical and geophysics data, the logging of core and, ore reserve calculations. Richard has a Master of Science degree in Geology from Queen's University in Kingston, Ontario. "We are very happy to bring a person with Richard's background and experience on board to lead Golden Repeat's exploration program," stated Larry Kornze, Vice President of Exploration and a director. "We believe the surface work on the property will provide the Company with further information on the existing drill targets and possibility of adding new drill targets."

The Company further announces the granting of 3,000,000 stock options at $0.10 exercisable over a five-year period to directors, officers, consultants and advisors. The stock options grant is subject to the TSX Venture Exchange's approval.

About Golden Repeat Property

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 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 done on the property was in 2006.

About Opinaca D Property

Opinaca D is the other property that the Company is currently finalizing its 2011 exploration program.

The Opinaca D property consists of 188 claims over a surface area of 98 km2. It is situated in the emerging Eleonore gold camp in the James Bay region of Quebec, and sits on the Eastmain Greenstone gold belt. The property is located about 14 km northwest of Goldcorp's Eleonore deposit. The Eleonore deposit hosts over 3 million ounces of gold reserves at a grade of 7.56 g/t gold, and over 4 million ounces of inferred resources at a grade of over 10 g/t gold.

Extensive surface exploration work done by Eastmain Resources between 2005 and 2008 has identified a number of sediment–hosted gold targets, similar to Goldcorp's Eleonore deposit in geological setting. Twelve drill targets were identified by VTEM and four coincided with significant geochemistry anomalies.

Goldcorp is currently investing $1.4 billion to build an underground mine to produce 600,000 ounces of gold from 2014. The Eleonore mine will contribute 22% of Goldcorp's total gold production. Dynasty's Opinaca D property will benefit from Goldcorp's infrastructure building in the area. In particular, a planned 60 km road, providing access to the Eleonore property, will directly crosscut the Opinaca D property. Major access to the region includes a north-south paved highway (LG2) extending from Matagami to Radisson.

About Dynasty Gold Corp.

Dynasty Gold Corp. is a Canadian gold exploration company currently focused on gold exploration in North American. 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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information