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Dynasty Metals & Mining Inc

Friday, October 12th, 2007

Dynasty Metals & Mining Inc. reports the completion of its previously-announced bought deal offering of 1,200,000 common shares at $8.25 per share for gross proceeds of $9,900,000.
The Company intends to use the net proceeds of the offering to fund exploration and development of its properties in Ecuador, including the completion of plant construction and mining start-up at the Company’s Zaruma Gold Project, as well as for general corporate purposes.
The offering was underwritten by Cormark Securities Inc. (“Cormark”). The Company paid to Cormark a cash commission equal to 6% of the gross proceeds and issued warrants to Cormark and to Shoreline Pacific Canada Inc. to purchase an aggregate 72,000 common shares at $8.50 per share, exercisable until October 11, 2008.
The shares issued in the financing and any shares issued upon the exercise of the broker warrants are subject to resale restrictions until February 12, 2008.

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