TMI Trivalence Mining (Tier1)

Dynasty Gold Corp. (TSX VENTURE:DYG)(FRANKFURT:D5G) (the "Company") announces
that its wholly-owned subsidiary, Terrawest Minerals Inc. ("TMI"), has entered
into an Assignment Agreement with Chimo Gold Corp. wherein Chimo will receive
TMI's 70% interest in the Qi-2 Property, located on the Hatu property in
Xinjiang Autonomous Region of Northewest China. The remaining 30% interest
continues to be held by three Chinese-based companies.


Chimo has agreed to make a cash payment of US$100,000 and up to US$35,000 in
transaction costs. An additional US$800,000 is payable to TMI in the event that
Chimo re-assigns the 70% interest. TMI will retain a 2.75% net smelter return
royalty.


In April of 2006, TMI entered into a Framework for Development Mining and
Exploration Agreement at Qi-2 in which TMI retained a 70% interest in the Qi-2
Property. This agreement gave TMI the right to develop this resource. Under this
new agreement, TMI has transferred 70% interest in Qi-2 resource to Chimo.


Chimo Gold Corp. is a privately held, Vancouver-based mining company. Chimo is
lead by a management and technical team with many years of experience in mine
development and production, including within China.


About Dynasty Gold Corp.

Dynasty Gold Corp. is a Canadian gold exploration and development company that
is aggressively seeking out new opportunities.


ON BEHALF OF THE BOARD OF DYNASTY GOLD CORP.

Ivy Chong, President & CEO

This press release contains certain "forward-looking statements" that involve a
number of risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements.

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