Vancouver, BC, July 7, 2009 - Dynasty Metals & Mining Inc. (TSX: DMM, "Dynasty" or the "Company") received Ecuador Vice Minister of Mines Dr. Jos̩ Serrano and senior members of his ministry at its Zaruma Gold Project last Friday. The Vice Minister spent several hours meeting with Dynasty senior staff and community leaders.
Company President, Robert Washer, provided a tour of the Company's plant and mine facilities after which time, in a radio address, Vice Minister Dr. Serrano commented: "The National Government considers this project important. It was constructed using a high percentage of Ecuadorian labour and will provide future jobs in the area. For these reasons, Dynasty has our support to commence production as soon as possible. The country needs these projects to help generate employment and economic revenues for the state."
Company President Robert Washer commented: "We continue to work closely with the government advancing our projects with sustainable and responsible mining operations in Ecuador for the benefit of all stakeholders. We would like to thank the Vice Minister and the Ecuadorian government for their ongoing assistance and continued support of the Company, and the Zaruma Gold Project in particular."
Photographs of the Vice Minister's visit will be posted on the Company's website at www.dynastymining.com later this week.
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 on the Toronto Stock Exchange under the symbol "DMM".
The Company is presently circuit testing its first gold production plant at its Zaruma Gold Project. It is also the owner of the advanced-stage Jerusalem Gold Project, and a highly prospective exploration project, the Dynasty Copper-Gold Belt, which includes the Dynasty Goldfield.
Dynasty Metals & Mining Inc.
Robert Washer, President and CEO
For further information please visit the Company's website at www.dynastymining.com, or please contact:
|Dynasty Metals & Mining Inc.|
Tel: (604) 687-0888
|Brisco Capital Partners Corp.|
Tel: (403) 262-9888
This news release includes "forward-looking information", as such term is defined in applicable securities laws. Users of forward-looking information are cautioned that actual results may vary from forward-looking information contained herein. The forward-looking information includes, without limitation, the anticipated dates that the different phases of commissioning will be completed, the amount and grade of material that the Company plans to process, the timing and ability of the Company to mine and deliver material to the processing plant, the anticipated date of commencement of production, statements regarding the new regulations to the Mining Law and other similar statements concerning anticipated future events, conditions or results that are not historical facts. In certain cases, forward-looking information was developed using the material factors or assumptions stated herein. Such factors and assumptions include, amongst others, the effects of general economic conditions, the price of gold, changing foreign exchange rates and actions by government authorities, uncertainties associated with legal proceedings and negotiations and misjudgements in the course of preparing forward-looking information. In addition, there are also known and unknown risk factors which could cause the Company's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Known risk factors include, among others, risks and uncertainties relating to exploration and development; the ability of the Company to obtain additional financing; the Company's limited operating history; uncertain mining legislation; the need to comply with environmental and governmental regulations; political and economic instability and general civil unrest in Ecuador; potential defects in title to the Company's properties; fluctuations in currency exchange rates; fluctuating prices of commodities; operating hazards and risks; competition; and other risks and uncertainties, including those described in the Company's Annual Information Form dated March 25, 2009 filed with the Canadian Securities Administrators and available at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward looking information, will prove to be accurate. Accordingly, readers should not place undue reliance on forward-looking information. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking information except as required by law.