Dynasty Metals boosts Goldfield resource (November 19, 2007)

Vancouver – Dynasty Metals & Mining (DMM-T, DMMIF-O) has been delivered a significant gold resource increase for its Dynasty Goldfield project in southwestern Ecuador.

The independent report more than doubled the ounce tally now tabling a measured and indicated resource of 6.67 million tonnes grading 4.7 grams gold per tonne and 37 grams silver per tonne for just over one million contained oz. gold. The new estimate also reviews 1.3 million inferred tonnes at 4.7 grams gold and 34 grams silver for a further 1.15 million contained oz. gold.

Data incorporated in the new resource was generated from drilling and trenching programs on the Cerro Verde, Papayal and Trapichillo areas of Dynasty Goldfield.

“Dynasty Goldfield is a new discovery, associated with one of eight porphyry-style exploration targets that we have identified to date in the Dynasty Copper-Gold Belt,” states company president and CEO Robert Washer in the news release.

“Before our initial campaign on the Dynasty Goldfield, none of these targets had been previously drilled, or even systematically explored,” continues Washer. “This report demonstrates both the potential of the belt and our ability to turn exploration dollars into ounces in the ground.”

Dynasty Goldfield hosts a series of gold-silver mineralized quartz-sulphide veins and stockworks over an area of about 30-sq. km within a northeast-southwest structural corridor that continues into northwestern Peru.

The company continues trenching on the project area where it has identified several high-grade gold and silver target areas.

Dynasty Metals recently received conditional exchange approval to sell its Copper Duke gold-copper project, located within the same structural corridor in southeastern Ecuador, to SBI Skin Biology (SBI.H-V) for 51 million shares plus a 2% net smelter royalty. Once completed, the reverse takeover transaction will see Dynasty owning about 60% of SBI.

Dynasty Metals is also moving its Zaruma gold project toward production. With construction well underway, the operation is expected to commence by mid-2008 and output roughly 100,000 oz. gold annually over a 14.5-year mine-life.

In October the company closed a $9.9-million financing to fund the Zaruma mine construction and start-up.

Shares of the aspiring gold producer recently rallied to an all-time high around the $11.00-level. The company posts a $302-million market capitalization based on its 29-million shares outstanding.