Dynasty Metals & Mining Inc.
TSX : DMM

Dynasty Metals & Mining Inc.

September 21, 2007 08:06 ET

Dynasty Metals & Mining Inc. Announces $8,250,000 Underwritten Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 21, 2007) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES.

Dynasty Metals & Mining Inc. (TSX:DMM)(the "Corporation") announces that the Corporation has entered into an agreement with Cormark Securities Inc. as sole underwriter (the "Underwriter") pursuant to which the Underwriter has agreed to purchase 1,000,000 common shares on an underwritten private placement basis at a price of $8.25 per share.

The Corporation will pay the Underwriter a cash commission equal to 6.0% of the gross proceeds of the offering and issue broker warrants to acquire up to 60,000 common shares (6.0% of the offering) at a price of $8.50 per common share for a period of 12 months following the closing date.

Closing of the offering is anticipated to occur on or before October 11, 2007 and is subject to receipt of applicable regulatory approvals including approval of the Toronto Stock Exchange.

The proceeds of the financing will be used to fund exploration and development of the Corporation's Ecuador properties as well as for general corporate purposes.

About Dynasty Metals & Mining

Dynasty Metals & Mining Inc. is a Canadian based mining company involved in the exploration and development of mineral properties in Ecuador.

The Corporation has two advanced-stage projects, Jerusalem and Zaruma, and a highly prospective exploration project, the Dynasty Copper-Gold Belt, which includes the Dynasty Goldfield, the Copper Duke Project and the Marianna Joint Venture among other prospects.

Dynasty Metals & Mining Inc.

Robert Washer, President and CEO

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

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