DYNASTY BEGINS COMMISSIONING ZARUMA GOLD PLANT
Vancouver, BC, April 8, 2009 - Dynasty Metals & Mining Inc.
(TSX: DMM, "Dynasty" or the "Company") is pleased to
announce it has commenced the commissioning of its gold processing plant at
Zaruma, in the El Oro Province of south-western Ecuador.
The plant will be commissioned in phases, starting with the crushing
section which is currently being tested. The ball mills will be tested
later this month and by the end of the month the Company expects to run and
test the full circuit. Plant commissioning and mine development will
continue for approximately three months, after which time the Company plans
to process 800 tonnes of material per day, which is approximately 300,000
tonnes per annum. The installed capacity of the plant, except for the wet
section, is approximately 800,000 tonnes per annum, allowing for
considerable expansion without significant additional capital cost. It also
provides the opportunity for the Company to process material with lower
than planned resource grades to generate additional ounces in a rising gold
market.
Mine development activities continue as scheduled. The Company has opened
two declines, from which material is presently being mined. A third decline
is under construction. The mining and delivery of material to the plant
will be stepped up in time to meet the Company's planned production
schedule.
Recently updated photographs of the Zaruma Gold Project are available on
the Company's website at www.dynastymining.com.
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 near production Zaruma project, the advanced-stage
Jerusalem project, and a highly prospective exploration project, the
Dynasty Copper-Gold Belt, which includes the Dynasty Goldfield.
Dynasty Metals & Mining Inc.
Robert Washer, President and CEO
For further information please visit the Company's website at www.dynastymining.com, or please contact:
This news release includes "forward-looking information", as
such term is defined in applicable securities laws. Users of
forward-looking information are cautioned that actual results may vary from
forward-looking information contained herein. The forward-looking
information includes, without limitation, the anticipated dates that the
different phases of commissioning will be completed, the amount and grade
of material that the Company plans to process, the timing and ability of
the Company to mine and deliver material to the processing plant and other
similar statements concerning anticipated future events, conditions or
results that are not historical facts. In certain cases, forward-looking
information was developed using the material factors or assumptions stated
herein. Such factors and assumptions include, amongst others, the effects
of general economic conditions, the price of gold, changing foreign
exchange rates and actions by government authorities, uncertainties
associated with legal proceedings and negotiations and misjudgements in the
course of preparing forward-looking information. In addition, there are
also known and unknown risk factors which could cause the Company's actual
results, performance or achievements to differ materially from any future
results, performance or achievements expressed or implied by the
forward-looking information. Known risk 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; uncertain mining legislation; 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 March 25, 2009 filed with
the Canadian Securities Administrators and available at www.sedar.com.
Although the Company has attempted to identify important factors that could
cause actual actions, events or results to differ materially from those
described in forward-looking information, there may be other factors that
cause actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking information, or
the material factors or assumptions used to develop such forward looking
information, will prove to be accurate. Accordingly, readers should not
place undue reliance on 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 except as
required by law.
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