Dynasty Gold Corp.

Dynasty Gold Corp.

January 24, 2008 17:00 ET

Dynasty Gold Withdraws From Red Valley Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 24, 2008) - Dynasty Gold Corp. (TSX VENTURE:DYG)(FRANKFURT:D5G) ("Dynasty" or the "Company") reports that following the withdrawal of AngloGold Ashanti, the company's funding partner, and based upon results of the 2007 drilling program (see news release dated November 14, 2007), the company has withdrawn from the Red Valley Project in the Qinghai Province of China. As per the Escrow Agreement dated December 1, 2005, the company's withdrawal from the project resulted in a cancellation of 3,494,446 escrowed shares. The shares will be returned to the company's treasury.

"We have determined that it is in the best interests of the company and our shareholders to withdraw from the Red Valley project at this time," commented Ivy Chong, Dynasty's Interim President and CEO. "This will free up valuable assets and allow the company to focus its resources on new projects. We are grateful to our partners for their continued support."

The company is currently evaluating a number of gold exploration projects presented by its Qinghai joint venture partner.

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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