Mr. Furber replaces William McCartney, who assumes the position of Director of Business Development for the Company.
Mr. Furber is a Chartered Accountant (England) and Chartered Financial Analyst. He joins the Company from Deloitte & Touche LLP, where he was a Senior Manager in the M&A Transaction Advisory group. Previously, Mr. Furber was a vice-president in the Corporate Finance group of PricewaterhouseCoopers. He has spent over 10 years in Vancouver and London providing audit and corporate advisory services.
Company President and CEO, Robert Washer, commented: "We are pleased to have someone of Nick's calibre join our management team as we expand our operations in Ecuador and move toward production at our Zaruma gold project. Nick's appointment will allow Bill McCartney to focus on the development of new business initiatives and capital markets for us."
Mr. Furber will receive incentive stock options to purchase 100,000 common shares of the Company for a period of five years at a price per share equal to the greater of $6.00 and the closing price of the Company's shares on June 29, 2007.
About Dynasty Metals & Mining
Dynasty Metals & Mining Inc. is a Canadian based mining company involved in the exploration and development of mineral properties in Ecuador. Its common shares are listed for trading on Tier 1 of the TSX Venture Exchange under the symbol "DMM".
The Company has two advanced-stage projects, Jerusalem and Zaruma, and a highly prospective exploration project, the Dynasty Copper-Gold Belt, which includes the Dynasty Goldfield, the Copper Duke Project and the Macara Joint Venture, among other prospects.
Dynasty Metals & Mining Inc.
Robert Washer, President and CEO
For further information please visit the Company's website at www.dynastymining.com, or
|Dynasty Metals & Mining Inc.|
Tel: (604) 687-0888
|Brisco Capital Partners Corp.|
Tel: (403) 262-9888
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.