TSX-V: CGLD $0.23 OTCQX: CGLDF $0.16 Gold: $1,338/oz Copper: $2.63/lb


2007 News

Vancouver, BC, July 16, 2007 - Dynasty Metals & Mining Inc. (TSXV: DMM, the "Company") is pleased to announce that it has received conditional approval for the listing of its common shares on the Toronto Stock Exchange ("TSX"), the senior equity trading market in Canada.

The Company will trade on the TSX under its present symbol: "DMM". The listing will be effective following the filing by the Company of final documentation with the TSX.

Company President and CEO, Robert Washer, commented: "Graduating to the Toronto Stock Exchange is another important step in our growth. The senior listing means a more liquid market and increased national and international exposure, which should benefit our existing shareholders and help to attract new retail and institutional investors."

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. The Company is debt-free, with 27,745,071 shares outstanding and approximately $14 million in cash.

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.

The Company's common shares are currently listed for trading on Tier 1 of the TSX Venture Exchange under the symbol "DMM".

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.
Murray Oliver
Tel: (604) 687-0888
Email: info@dynastymining.com
Brisco Capital Partners Corp.
Gordon Aldcorn
Tel: (403) 262-9888
Email: Gordon@briscocapital.com

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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