TSX-V: CGLD $0.12 OTCQX: CGLDF $0.09 Gold: $1,651/oz Copper: $2.21/lb


2006 News

Vancouver, BC, January 9, 2006 - Dynasty Metals & Mining Inc. (TSXV: DMM; the "Company") announces that it has engaged Scott F. Gibson & Company ("Gibson & Company") to assist in the design and implementation of a comprehensive marketing and investor communications program for the Company.

Gibson & Company is based in Vancouver and provides marketing and investor relations services to public companies in the resource sector. It will be responsible for advising the Company with respect to corporate development, increasing the Company's exposure to potential investors, and maximizing the effectiveness of the Company's marketing and communications materials.

Company President, Rob Washer commented: "We are very pleased to have secured the services of Scott Gibson and his firm. Scott has had considerable success recently in bringing emerging gold companies to the attention of the financial community. His engagement is part of our commitment to raise the profile of Dynasty Metals & Mining this year as we advance our gold projects in Ecuador."

Under the renewable agreement, Gibson & Company will receive a fee of $5,000 per month for an initial term of one year, and incentive options to purchase 250,000 common shares of the Company at a price of $2.10 per share. The options will vest over a period of 12 months and will be subject to the terms and conditions of the Company's stock option plan. The options will expire on the earlier of the 30th day following termination of the agreement or January 9, 2011. Both Gibson & Company and its principal, Scott Gibson, are at arm's length to the Company.

In addition, the Company announces the granting of incentive stock options to directors and officers of the Company to purchase an aggregate 400,000 common shares of the Company at a price of $2.10 per share for a period of five years. The options have been granted under and are subject to the terms and conditions of the Company's stock option plan. In order to facilitate the option grants, the Company has amended its stock option plan to increase the number of shares available for option awards to 4,429,077, being 20% of its outstanding shares. The option grants and the option plan amendment are subject to approval by the TSX Venture Exchange and shareholders.

About Dynasty

Dynasty Metals & Mining Inc. is a Canadian mining company involved in the exploration and development of mineral properties in Ecuador. In addition to its advanced gold projects at Jerusalem and Zaruma, the Company has title to over 950 square kilometres comprising the Dynasty Copper-Gold Belt, a corridor in south-western Ecuador running north from the Peruvian border.

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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