Dynasty Gold Corp.

Dynasty Gold Corp.

November 14, 2007 18:17 ET

Dynasty Gold Reports on Hatu and Red Valley Exploration Programs

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 14, 2007) - Dynasty Gold Corp. (TSX VENTURE:DYG)(FRANKFURT:D5G) ("Dynasty" or the "Company") reports the completion of the previously announced exploration program at the Hatu project, Xinjiang Autonomous Region, People's Republic of China (see Dynasty's Press Release dated August 23, 2007). This year's program included 1,150 metres of trenching, the collection of 6,000 geochemical soil samples, a 210 kilometre ground magnetic survey, and the completion of 1:10,000 and 1:2,000 geochemical mapping. The objective of this year's program is to delineate drill targets for next year. All samples collected have been shipped to the Xinjiang Non-Ferrous Metal laboratory in Urumqi for preparation and analysis.

At the Red Valley project in Qinghai Province, Dynasty and its partners have received the final results from the 20 hole, 3,360 metre diamond drilling program. Results for the first 18 holes were released in an earlier press release (see Dynasty's Press Release dated October 1, 2007). Results for the remaining two holes are reported below in Table 1.

Table 1. Red Valley Drill Hole Intervals
Interval Au
Drill From To Length grade
Prospect Hole (m) (m) (m) (g/t)
Chuancigou DH083 No significant intercepts
(Xigou) -------------------------------------------------------
DH085 47 48 1 2.43

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 analyzed by the SGS-CSTC Standards Technical Services Ltd. laboratory in Tianjin by fire assay analysis for gold. Dynasty uses independent reference materials, sample duplicates and check samples to analyze laboratory quality.

The 2007 drill program at Red Valley was designed to test the key structural targets as defined by work conducted over the past two years. However, results from this year's program have not met the expectations of Dynasty's partner AngloGold Ashanti ("AngloGold"), and it has therefore decided to withdraw from the project and terminate its earn-in agreement in the Qinghai Sino-Joint Venture company. "We are sorry to lose AngloGold Ashanti as a partner," commented Dynasty Interim President and CEO Ivy Chong. "They have been exceptional in helping us advance the project and we hope that we will work with them again in the future." Dynasty is evaluating its options for proceeding with the Red Valley project, and is working with its Qinghai Sino-Joint Venture partners in evaluating new projects.

In conjunction with the withdrawal of AngloGold, Roric Smith has resigned from Dynasty's Board. "It was a pleasure to have Roric on the board for the last two seasons," commented Tookie Angus, the Chair of the Board of Dynasty. "On behalf of the Board, I thank Roric for his contribution and wish him and his team at AngloGold all the best with their work in China."

Brian McEwen, Professional Geologist, is the qualified person for the Red Valley 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 a defined gold resource and exploration programs at prospective gold properties in the northwest of China.

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


Ivy Chong, Interim 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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