TSX-V: CGLD $0.18 OTCQX: CGLDF $0.13 Gold: $1,512/oz Copper: $2.58/lb


2005 News

Vancouver, BC, September 21, 2005 - Dynasty Metals & Mining Inc. (TSXV: DMM; the "Company") announces that it has granted incentive stock options to directors, officers, employees and consultants of the Company and its subsidiaries, to purchase 1,391,000 common shares of the Company. The options are exercisable for a period of five years at a price of $1.05 per share. The options were granted under and are subject to the terms and conditions of the Company's July 15, 2003 Stock Option Plan, as amended.

About the Company

Dynasty Metals & Mining Inc. is a Canadian based mining company involved in the exploration and development of mineral properties in Ecuador. For further information about the Company, please contact Murray Oliver at (604) 687-0888 Ext. 3 or info@dynastymining.com or visit the Company's website at www.dynastymining.com.

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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