DYNASTY RECEIVES CONDITIONAL
APPROVAL OF PREVIOUSLY
ANNOUNCED SPIN-OFF OF COPPER DUKE GOLD/COPPER PROJECT
Vancouver, B.C., October 25, 2007 - Dynasty Metals & Mining Inc.
(TSX: DMM, the "Company" or "Dynasty") is pleased to
announce that the TSX Venture Exchange (the "Exchange") has
conditionally approved the previously announced agreement to sell the core
concessions of its Copper Duke gold/copper project (the "Copper Duke
project") to SBI Skin Biology Incorporated ("SBI"), a
publicly-traded company listed on the TSX Venture Exchange's NEX Board, for
51,000,000 common shares of SBI and a 2% net smelter royalty on all
minerals extracted from it (the "Transaction").
The conditional approval of the Exchange is subject to SBI fulfilling all
of the requirements of the Exchange, including obtaining shareholder
approval of the Transaction. The previously announced private placements of
SBI, for aggregate gross proceeds of approximately $6,000,000, are expected
to close concurrently with the closing of the Transaction.
Upon completion Dynasty will control approximately 60% of the outstanding
shares of SBI. It is expected that the closing of the Transaction will
occur as soon as reasonably possible following shareholder 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, Jerusalem and Zaruma, and 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 www.dynastymining.com, or
This news release includes "forward-looking information", as
such term is defined in applicable securities laws. The forward-looking
information includes, without limitation, statements relating to the
economic feasibility of, and the nature and timing of mine construction and
mining operations at, the Company's Zaruma Gold Project; 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 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.
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