Dynasty Gold Corp.

Dynasty Gold Corp.

April 26, 2007 18:08 ET

Merger Between Buffalo Gold and Dynasty Gold Terminated

Exploration Continues with AngloGold Ashanti and Avocet Mining

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 26, 2007) - Dynasty Gold Corp. (TSX VENTURE:DYG)(FRANKFURT:D5G) ("Dynasty" or the "Company") reports that the friendly merger with Buffalo Gold Corp. (TSX VENTURE:BUF.U)(OTCBB:BYBUF)(FRANKFURT:B4K) announced on March 13th, 2007 will not proceed under terms of the agreement.

Buffalo's Board of Directors terminated the agreement after the due diligence review indicated that Dynasty and its assets in China do not meet the short to medium-term objectives of Buffalo.

"Following the termination of the merger agreement Dynasty will continue with execution of the 2007 exploration programs through funding by our major partners," commented Dynasty Chair Tookie Angus. "The Board of Dynasty continues to be enthusiastic about the exploration projects and looks forward to the support of our shareholders as we move forward with our programs."

Dynasty will continue its exploration efforts at its three highly prospective projects through its current partnerships with mining companies AngloGold Ashanti and Avocet Mining:

Hatu Gold Project - Dynasty's most advanced project will continue to have its exploration and development funded by Avocet Mining this year under terms that are being negotiated at this time. Additional samples from the Qi-2 deposit are currently en route to Avocet's Malaysian mining operation for metallurgical analysis.

Red Valley Gold Project - AngloGold Ashanti will continue exploration with Dynasty at the highly prospective Red Valley Gold project. The joint exploration team plans to mobilize to the site by the end of May. The approximately $1.5 million program will include up to 5000 metres of diamond drilling.

Gansu Gold Project - Both Dynasty Gold and AngloGold are keen to initiate a major program at the Gansu property however the business license for the Chinese joint venture operating company has not yet been issued by the government. Significant exploration will not occur until the business license is received.

Dynasty Gold Corp. is a leading Canadian gold exploration company in China with exploration programs at three highly prospective gold properties and partnerships with AngloGold Ashanti and Avocet Mining.

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


R. Stuart (Tookie) Angus, Chair of the Board

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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