TSX-V: CGLD $0.24 OTCQX: CGLDF $0.18 Gold: $1,490/oz Copper: $2.60/lb


2005 News

Vancouver, BC, January 24, 2005 - Dynasty Metals & Mining Inc. (TSXV:DMM, the "Company") is pleased to announce the acquisition of new mineral concessions covering an area of 10.25 km2, adjacent to the Company's Copper Duke porphyry target, within the Dynasty Copper-Gold Belt, in southern Ecuador. The Copper Duke system now measures 10 km x 5 km.

Copper Duke is one of six copper-gold porphyry-style systems that the Company has identified within its Dynasty Copper-Gold Belt, a 90 km x 20 km north-east trending structural corridor located in southern Ecuador. (see www.dynastymining.com for maps)

Dynasty's President & CEO Robert Washer comments: "Our work in the field indicates that Copper Duke is a highly prospective target area. The additional concessions significantly increase its resource potential."


Copper Duke is a porphyry-style cluster that contains nine altered targets with associated epithermal stockworks. Rock chip samples range in grade up to 7.1 grams per ton ("g/t") gold and 251 g/t silver, 1.4 % copper and 8.9 % lead.

A major stream sediment anomaly extends 2 km x 7 km through the new concessions. A total of 346 stream sediment samples were taken with gold and copper values over 54 ppb and 266 ppm, respectively. Within the stream anomaly, a significant, 700 m x 600 m, soil anomaly was identified, with sample results ranging from 65 ppb to 1665 ppb gold, 210 ppb to 990 ppb silver and 200 ppb to 1195 ppb copper. Forty two rock chip samples taken from within the new concession area range from 0.05 g/t to 7.1 g/t gold, 0.8 g/t to 251 g/t silver, 0.04 % to 1.4 % copper and 0.04 % to 8.9 % lead. Mineralization is disseminated in porphyry-related, epithermal quartz stockworks. Much of the work on these new concessions was undertaken in 2002 by previous concession owners. Dynasty is now completing its own exploration program including systematic soil and rock channel sampling for drill target definition.

Exploration of the Company's properties is conducted under the supervision, of Greg Whitfield, the Company's Exploration Manager and a "qualified person", as defined by National Instrument 43-101. Mr. Whitfield is responsible for the preparation of technical information in this News Release. Samples are sealed on the property and shipped to the BSI Inspectorate laboratory in Lima, Peru for preparation and gold fire assay. Sample pulps are shipped by BSI Inspectorate to its laboratory in Reno, Nevada for silver and multi-element ICP analysis.

About Dynasty Metals & Mining Inc.

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 web-site 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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