Sampling Extends High-Grade Gold Mineralization At Copper Duke Project

Sampling Extends High-Grade Gold Mineralization At Copper Duke Project

October 6th, 2006

Vancouver, B.C., October 6, 2006 - Dynasty Metals & Mining Inc. (TSXV:DMM, the “Company”) reports that sampling of new areas in the Huato Zone at its 100% owned Copper Duke project has returned high-grade gold, copper and molybdenum. The high-grade gold veins were identified by a recent geophysical survey.

Highlights of rock chip channel sampling include 174 grams per tonne (“g/t”) gold and 14.9 g/t of silver over 0.3 metres, and 43.6 g/t of gold and 24.6 g/t of silver over 1.0 metre.

The Copper Duke project comprises 25 mineral concessions covering approximately 200 sq. kilometres (“km”) in a largely-unexplored area of southern Ecuador. The Company began an aggressive exploration program at the project in January 2006. Initial sampling of the El Huato area, consisting of approximately two kilometers in 22 lines on 200 metre spacing, yielded strong results and was followed by detailed geological mapping (scale 1:5000) and a geophysical survey (magnetometry).

Three areas of high density veins and stockworks were identified by the geological mapping program. The geophysical survey revealed two anomalies in one of these areas. The Company has recently completed a program of systematic trench, tunnel, and outcrop channel sampling to investigate these anomalies.

Detailed Channel Sampling Results
Assay results have now been received from 481 rock chip channel samples taken over an area 3.5 km by 2.5 km on epithermal vein swarms at El Huato. Results range from 174.0 g/t gold to 0.1 g/t gold and 249 g/t silver to 0.1 g/t silver over widths of 12.4 metres to 0.2 metres. The average sampled width of mineralization is 0.8 metres. Significant results are set out in the table below.

Sample
Number
Gold
(g/t)
Silver
(g/t)
Gold Equiv.*
(g/t)
Width
(metres)
D08031010

174

14.9

174.2

0.3

D0903113

43.6

24.6

44.0

1.0

D0803953

16.73

14.9

17.0

0.4

D0903086

15.13

14.5

15.39

0.5

D0903072

11.63

3.9

11.7

0.6

D0803955

8.12

3.3

8.18

0.9

D0803952

7.65

16.7

7.95

0.4

D0803968

7.52

62

8.65

0.4

D0803999

6.68

<0.2

6.68

0.9

D08031013

6.52

<0.2

6.52

1.5

D08031014

6.47

<0.2

6.47

2.0

D0903067

4.98

15.5

5.26

0.3

D0803978

4.80

4.6

4.88

0.2

D0803031

3.49

0.6

3.50

0.6

D0803935

3.03

3.8

3.09

12.4

D0803993

2.95

3.6

3.01

0.6

* Gold Equivalent is established using a 55:1, silver to gold
ratio, without regard to metallurgical recoveries.
High values of molybdenum and copper were also present in some of the samples with two samples containing over 1.8% copper and three samples containing more than 100 parts per million of molybdenum. Investigations will be extended in a southeast direction in order to increase the size of the prospect and to prepare for a drilling campaign.

About Copper Duke
Copper Duke is located in the Catacocha (Paltas) county, Province of Loja, approximately 60 km southwest of La Toma, the nearest commercial airport. Gold copper mineralization at El Huato occurs over a 8 sq. km area. The vein system is hosted by multiphase igneous bodies, from dioritic to granodioritic rock type, intruding tertiary andesitic volcanics and volcano carbonate sediments and appears to be open space filling during a major structure event (the Celica fault).

Quality Control and Assurance
The preparation of the technical information contained in this news release was supervised by Michel Rowland, a member of the AUSIMM (Australian Institute of Mining and Metallurgy).and a “qualified person” as defined by National Instrument 43-101.

Samples were 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, 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. The Company has two advanced stage gold projects, Jerusalem and Zaruma, and a highly prospective exploration project, the Dynasty Copper-Gold Belt, which contains 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 news release.
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