Dynasty Increases Private Placement

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Dynasty Metals & Mining Inc. (TSX: DMM, "Dynasty" or the "Company") is very pleased to report that due to market demand, it's increasing the size of its proposed private placement, announced on February 20, 2008, to up to 2,500,000 common shares of the Company at a price of $7.50 per share, for total gross proceeds of up to $18,750,000.

Dynasty Metals & Mining Inc. (TSX: DMM, "Dynasty" or the "Company") is very pleased to report that due to market demand, it will increase the size of its proposed private placement, announced on February 20, 2008, to up to 2,500,000 common shares of the Company at a price of $7.50 per share, for total gross proceeds of up to $18,750,000.

The Company will pay a finder's fee in respect of this transaction equal to 4.5%, payable in cash or common shares of the Company. The private placement is subject to Toronto Stock Exchange approval.

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 two advanced-stage projects, Zaruma, which is nearing production, and Jerusalem, as well as a highly prospective exploration project, the Dynasty Copper-Gold Belt, which includes the Dynasty Goldfield, the Copper Duke Project and the Marianna Joint Venture among other prospects.

Dynasty Metals & Mining Inc.
Robert Washer, President and CEO
For further information please visit the Company's website at http://www.dynastymining.com

Dynasty Metals & Mining Inc.
Murray Oliver
Tel: (604) 687-0888
Email: info @ dynastymining.com

Brisco Capital Partners Corp.
Gordon Aldcorn
Tel: (403) 262-9888
Email: Gordon @ briscocapital.com

This news release includes "forward-looking information", as such term is defined in applicable securities laws. The forward-looking information includes, without limitation, the estimation of mineral resources, the realization of mineral resources estimates, the success of exploration activities and other similar statements concerning anticipated future events, conditions or results that are not historical facts. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward-looking information is inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among others, risks and uncertainties relating to exploration and development; the ability of the Company to obtain additional financing; the Company's limited operating history; the need to comply with environmental and governmental regulations; political and economic instability and general civil unrest in Ecuador; potential defects in title to the Company's properties; fluctuations in currency exchange rates; fluctuating prices of commodities; operating hazards and risks; competition; and other risks and uncertainties, including those described in the Company's Annual Information Form dated February 19, 2007 filed with the Canadian Securities Administrators and available at http://www.sedar.com. Accordingly, actual future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking information.

Web Links:
Investor Relations - http://www.dynastymining.com/investors/
Contact Us - http://www.dynastymining.com/contact/

For more information on Dynasty Metals and Mining visit http://www.dynastymining.com or contact:

Dynasty Metals & Mining Inc.
Suite 270 - 666 Burrard Street
Vancouver, B.C. V6C 2X8
Phone: 604-687-0888
Fax: 604-687-0885
Email: info @ dynastymining.com

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Murray Oliver
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