Cerro Verde Gold And Silver Extended Within Dynasty Goldfields

Cerro Verde Gold And Silver Extended Within Dynasty Goldfields

January 5th, 2006

Vancouver, BC, January 5, 2006 - Dynasty Metals & Mining Inc. (TSXV: DMM; the “Company”) reports that ongoing rock sampling from trenches has confirmed the occurrence of extensive mineralization in a new area within the Dynasty Goldfields, in south-western Ecuador.

The widely-spaced trench sampling identified new quartz-sulphide vein swarms and stockworks commencing approximately 500 metres to the south-east of the Cerro Verde area. Exploration has confirmed the presence of individual outcropping veins over more than 600 metres, with widths varying from 0.6 metres to 3 metres.

Results from 68 rock samples taken from trenches in the sampling program have significantly extended the known gold and silver mineralization at Cerro Verde, returning best assay values of 12.6 grams per tonne (“g/t”) gold and 81 g/t silver over 1.8 metres and 12.2 g/t gold and 10 g/t silver over 1.2 metres.

Exploration of this discovery is early stage and, to date, has covered approximately one square kilometre. Four target areas have been outlined for early drill testing.

Significant rock channel sample results taken from trenches on surface outcrops of quartz-sulphide veining and stockworks are presented below:

Trench Sampling Results

Sample
Number
Gold
(g/t)
Silver
(g/t)
Gold Equivalent*
(g/t)
Width
(m)

D1203099

12.60

81

13.95

1.8

D1203092

12.20

10

12.37

1.2

D1203115

12.00

53

12.88

0.8

D1203114

9.87

7

10.00

0.4

D1203112

8.80

4

8.87

1.0

D1203137

7.87

73

9.09

1.5

D1203117

8.07

15

8.32

0.6

D1203095

7.22

11

7.40

1.0

D1203103

6.16

7

6.28

0.6

D1203090

3.87

16

4.14

3.0

* Gold Equivalent = 60:1 Ag:Au

The Dynasty Goldfields

The “Dynasty Goldfields” cover an area of approximately 12 km x 4 km within the Company’s 100% owned 90 km by 20 km Dynasty Copper-Gold Belt, in south-western Ecuador. The Dynasty Goldfields include the Papayal and Cerro Verde quartz-sulphide vein swarms and stockworks, where recent drilling has confirmed the presence to depth of high-grade gold and silver mineralization. Initial resource calculations based upon this drilling are currently in progress.

Quality Control and Assurance

Exploration of the Company’s properties is under the supervision, of Greg Whitfield, the Company’s Exploration Manager and a “qualified person”, as defined by National Instrument 43-101. Mr. Whitfield is responsible for the preparation of technical information in this News Release. Samples are sealed on the property and shipped to the BSI Inspectorate laboratory in Lima, Peru for preparation and gold fire assay. Sample pulps are shipped by BSI Inspectorate to its laboratory in Reno, Nevada for silver and multi-element ICP analysis.

About Dynasty

Dynasty Metals & Mining Inc. is a Canadian based mining company involved in the exploration and development of mineral properties in Ecuador. For further information about the Company, please contact Murray Oliver at (604) 687-0888 Ext. 3 or info@dynastymining.com or 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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