Dynasty Gold Corp.

Dynasty Gold Corp.

November 08, 2006 12:03 ET

Dynasty Gold Reports Additional Gold Intersections at Red Valley Drill Program, China

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 8, 2006) - Dynasty Gold Corp. (TSX VENTURE:DYG)(FWB:D5G) ("Dynasty" or the "Company") is pleased to report that its drill program at the Red Valley project has intersected additional significant gold mineralization, including:

- 15 metres @ 3.20 g/t Au in hole DH031, including:

3 metres @ 4.89 g/t Au, and

1 metre @ 13.0 g/t Au

- 5 metres @ 3.53 g/t Au in hole DH032, and

5 metres @ 1.36 g/t Au including

2 metres @ 2.83 g/t Au

- 3 metres @ 1.09 g/t Au in hole DH033

- 4 metres @ 1.56 g/t Au in hole DH053, and

2 metres @ 2.14 g/t Au

A summary of assay results from seven holes can be found below in Table 1.

Dynasty and its exploration partner, AngloGold Ashanti ("AngloGold,") are pleased with these most recent results from the Chauncigou prospect of the Red Valley property. The Chuancigou prospect has a large coincident gold, arsenic, antimony and mercury anomaly overlying major structural trends. Results from the 2006 drill program to date have returned very encouraging results which highlight the potential for the property to host a significant gold deposit and provide Dynasty with additional geologic information to help target the core of the gold system in subsequent programs.

"We are eagerly awaiting the final assays from the 2006 program at Red Valley," commented Dynasty's President and CEO Brian McEwen. "We are happy with the results so far and we look forward to receiving the remainder of the data so that we can plan our next exploration season."

Table 1. Red Valley Drill Hole Intervals, November 7th
(greater than 0.5 g/t Au, maximum of 2m of internal waste)
Drill From To Total Interval Au grade
Hole (m) (m) Length (m) (g/t)
DH031 62.0 77.0 15.0 3.20
Including 64.0 67.0 3.0 4.89
And 71.0 72.0 1.0 13.0
DH032 58.0 63.0 5.0 1.36
Including 61.0 63.0 2.0 2.83
66.0 71.0 5.0 3.53
74.0 75.0 1.0 1.82
83.0 84.0 1.0 1.61
120.0 122.0 2.0 0.77
DH033 38.0 41.0 3.0 1.09
57.0 58.0 1.0 0.92
91.0 92.0 1.0 0.69
107.0 109.0 2.0 0.89
DH035 No significant intercepts
DH050 85.0 86.0 1.0 0.83
DH053 79.0 81.0 2.0 0.98
103.0 107.0 4.0 1.56
117.0 118.0 1.0 0.54
145.0 147.0 2.0 2.14
DH056 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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