Dynasty Metals & Mining Inc. (TSX: DMM) (the "Company") announces that it has granted incentive stock options to directors, officers, employees and consultants of the Company and its subsidiaries, to purchase up to an aggregate of 985,000 common shares of the Company. The options are exercisable for a period of five years at a price of $5.45 per share. The options were granted under and are subject to the terms and conditions of the Company's July 15, 2003 Stock Option Plan, as amended.

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 has the producing Zaruma Gold Project, the first large scale modern mine and processing facility in Ecuador. In addition, the Company has the advanced-stage Jerusalem 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.

Contacts: Dynasty Metals & Mining Inc. Murray Oliver 604-687-0888 info@dynastymining.com www.dynastymining.com Brisco Capital Partners Gordon Aldcorn 403-262-9888 Gordon@briscocapital.com

SOURCE: Dynasty Metals & Mining Inc.

mailto:info@dynastymining.com http://www.dynastymining.com mailto:Gordon@briscocapital.com