Dynasty Gold Corp.

Dynasty Gold Corp.

March 22, 2005 15:06 ET

Dynasty Negotiates a Private Placement for CDN$1,470,000


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: DYNASTY GOLD CORP.

TSX VENTURE SYMBOL: DYG

MARCH 22, 2005 - 15:06 ET

Dynasty Negotiates a Private Placement for
CDN$1,470,000

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 22, 2005) - Dynasty
Gold Corp. (TSX VENTURE:DYG) ("Dynasty" or the "Company") is pleased to
announce that it negotiated a private placement of up to 4,200,000 units
at a price of CDN$0.35 per unit for gross proceeds of CDN$1,470,000.
Each unit consists of one common share and one half common share
purchase warrant. Each whole common share purchase warrant entitles the
holder to purchase one common share at CDN$0.50 per share for up to 24
months from the date of closing. The private placement is subject to the
approval of the TSX Venture Exchange.

The Company will use the proceeds of the private placement to fund the
exploration and development of the Company's projects in North West
China.

Dynasty Gold Corp. is a Canadian based junior resource company focused
on acquiring, exploring and developing gold prospects in China.

ON BEHALF OF THE BOARD OF

DYNASTY GOLD CORP.

Brian R. McEwen, President

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.

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Dynasty Gold Corp.
    Christine Norcross
    (604) 633-2100 or Toll Free: 1-888-899-9669
    or
    Dynasty Gold Corp.
    Dwayne Yaretz
    (604) 633-2100 or Toll Free: 1-888-899-9669
    (604) 484-3559 (FAX)
    www.dynastygoldcorp.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.