News
| December 16, 2005 Avocet Mining Increases Stake in Dynasty Gold | |
| Vancouver, Canada: Dynasty Gold Corp. (TSX-V DYG) ("Dynasty" or the "Company") announces that Avocet Mining ("Avocet") has increased its stake in Dynasty to 23.88%. The increase is a result of the issuance of 2,842,500 shares as part of the Red Valley project joint venture agreement. Avocet purchased the rights to these shares as part of their share purchase agreement with previous Dynasty shareholders. (See Dynasty Press Release, December 6th, 2005.) These shares are placed in surplus escrow to be released over a six-year period. Dynasty is a Canadian based junior resource company focused on acquiring, exploring and developing gold prospects in China. For more information on the company's projects please refer to www.dynastygoldcorp.com . ON BEHALF OF THE BOARD OF DYNASTY GOLD CORP. "Brian R. McEwen" Brian R. McEwen, PGeol President & CEO This press release contains certain "forward-looking statements" that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. | |
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