Dynasty Corrects Data In September 20, 2006 News Release

Dynasty Corrects Data In September 20, 2006 News Release

September 21st, 2006

Vancouver, BC, September 21, 2006 - Dynasty Metals & Mining Inc. (TSXV: DMM, the “Company”) reports that it has identified several typographical errors in the table of drill data contained in its news release of yesterday’s date. None of these errors relates to reported assay grades or to the reported width of drilled mineralized intervals.

The corrected table, including a drill core interval that was inadvertently omitted, is set out below. Corrections are highlighted in boldface underlined type:

Dynasty Goldfield Drilling Results - 2006 Program

HOLE #Gold
(g/t)
Silver
(g/t)
Gold Eq.
(g/t)
Width
(metres)
From
(metres)
To
(metres)


Cerro Verde


Iguana Vein

DDH-76D

4.78

31.90

5.3

1.70

107.80

109.50

8.77

8.20

8.9

1.55

114.15

115.70

2.81

55.40

3.9

2.60

65.50

68.10


DDH-79D

6.06

11.24

6.27

2.90

51.35

54.25

includes

10.60

13.30

10.8

0.45

51.35

51.80

5.46

84.80

6.9

0.55

59.80

60.35


Resbalosa Vein

DDH-75

3.46

3.20

3.5

2.05

66.61

68.15

includes

5.9

4.50

6.0

0.80

66.61

67.41

DDH-78

6.82

3.30

6.86

1.00

53.50

54.50


La Gorda &La Foto Vein Intersection

DDH-80

2.66

124.9

4.9

3.00

71.50

74.50

includes

4.99

53.8

6.0

1.00

73.50

74.50

3.46

122.8

5.66

2.90

82.20

85.10

includes

5.51

160.8

8.42

1.30

83.80

85.10


Los Encuentros Vein

DDH-82

3.23

93.06

5.20

4.65

58.35

63.00

includes

7.00

131.9

9.30

0.80

60.10

60.90

3.29

4.25

3.4

2.80

80.60

83.40

* Gold Equivalent is established using a 55:1, silver to gold
ratio, without regard to metallurgical recoveries
Quality Control and Assurance

Mineralized intersections reported in this news release are based on drill core lengths and may not reflect the true width of mineralization. Mineralized core sections were sampled at approximately one metre intervals and cut in half using a diamond saw. Core recovery is, on average, 95%. One-half of the core was archived at the core storage facility at Celica while the other half was bagged and sealed on the property, and shipped to the BSI Inspectorate laboratory in Quito, Ecuador for preparation. Sample pulps were shipped by BSI Inspectorate to its laboratory, in Lima, Peru, for gold fire assay, and silver and multi-element ICP analysis.

The Cerro Verde drilling and sampling programs are under the supervision, of Franklin Guañuna, a “qualified person”, as defined by National Instrument 43-101. Mr. Guañuna is responsible for the preparation of technical information in this news release.

About Dynasty

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.

Dynasty Metals & Mining Inc.
Robert Washer, President and CEO

For further information about the Company, please contact Murray Oliver at (604) 687-0888 or info@dynastymining.com or visit the Company’s website at www.dynastymining.com.

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