TSX-V: CGLD $0.22 OTCQX: CGLDF $0.16 Gold: $1,338/oz Copper: $2.63/lb


2007 News

VANCOUVER, BC, January 03, 2007 - Dynasty Metals & Mining Inc. (TSXV: DMM, the "Company") has entered into an agreement (the "Agreement") to purchase from Robert Washer, President of the Company, certain miscellaneous mining equipment located at the Company's Jerusalem Project in Ecuador.

The equipment will be used in the Company's mining operations in Ecuador. The price of US$58,000 was determined by an independent evaluation. The transaction is subject to regulatory approval.

Separately, the Company has granted to consultants a total of 50,000 stock options exercisable at a price of $5.28 for a period of 5 years.

About The Company

Dynasty Metals & Mining Inc. is a Canadian based mining company involved in the exploration and development of mineral properties in Ecuador. 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.

For further information about the Company, please contact Murray Oliver at (604) 687-0888 or info@dynastymining.comor 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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