Dynasty Raises CDN$500,000

Dynasty Raises CDN$500,000

March 11th, 2004

Vancouver, B.C. March 11 , 2004 – Dynasty Metals & Mining Inc. (TSXV: DMM; the “Company”) is pleased to announce the closing of a private placement of one million units, at a price of $0.50 per unit, for proceeds of CDN$500,000. Each unit comprises one common share and one half of a share purchase warrant. Each whole warrant will entitle the holder to purchase one common share of the Company at a price of $0.60 per share for one year.

The units are subject to a hold period expiring July 11, 2004.

The proceeds will be used to fund working capital and the on-going exploration and development of the Company’s three projects in Ecuador - Dynasty, Zaruma and Jerusalem.

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@pemcorp.com or visit the Company’s web-site at www.dynastymining.com

Dynasty Metals & Mining Inc.

“William McCartney”
William McCartney, Secretary and CFO

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