Dynasty Insurance Claim Settled

Dynasty Insurance Claim Settled

September 6th, 2012

Vancouver, B.C., September 6, 2012 - Dynasty Metals & Mining Inc. (“Dynasty” or the “Company”) (TSX: DMM, OTCQX: DMMIF) announces that it has received insurance proceeds of approximately US$2,200,000, which adequately cover the loss of stolen dore bars as previously announced on July 23, 2012.

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 advanced-stage Jerusalem Project, and a highly prospective exploration project, the Dynasty Copper-Gold Belt, which includes the advanced-stage Dynasty Goldfield.

For further information please visit the Company’s website at www.dynastymining.com, or please contact:

Dynasty Metals & Mining Inc.
Murray Oliver
Tel: (604) 687-0888
Email: info@dynastymining.com
Brisco Capital Partners Corp.
Scott Koyich
Tel: (403) 262-9888
Email: Scott@briscocapital.com
.