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DYNASTY WELCOMES ECUADOR VICE MINISTER OF MINES
TO ITS ZARUMA GOLD PROJECT
Vancouver, BC,
July 7, 2009 - Dynasty Metals & Mining Inc. (TSX: DMM,
"Dynasty" or the "Company") received Ecuador Vice
Minister of Mines Dr. José Serrano and senior members of his ministry at
its Zaruma Gold Project last Friday. The Vice Minister spent several hours
meeting with Dynasty senior staff and community leaders.
Company President, Robert Washer, provided a tour of the Company's plant
and mine facilities after which time, in a radio address, Vice Minister Dr.
Serrano commented: "The National Government considers this project
important. It was constructed using a high percentage of Ecuadorian labour
and will provide future jobs in the area. For these reasons, Dynasty has
our support to commence production as soon as possible. The country needs
these projects to help generate employment and economic revenues for the
state."
Company President Robert Washer commented: "We continue to work
closely with the government advancing our projects with sustainable and
responsible mining operations in Ecuador for the benefit of all stakeholders.
We would like to thank the Vice Minister and the Ecuadorian government for
their ongoing assistance and continued support of the Company, and the
Zaruma Gold Project in particular."
Photographs of the Vice Minister's visit will be posted on the Company's
website at www.dynastymining.com later this week.
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. Its common shares are listed on the Toronto Stock Exchange under
the symbol "DMM".
The Company is presently circuit testing its first gold production plant at
its Zaruma Gold Project. It is also the owner of the advanced-stage
Jerusalem Gold 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, the
anticipated date of commencement of production, statements regarding the
new regulations to the Mining Law 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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