|September 27, 2011|
Dynasty Gold Announces Engagement of Ethos Consulting
Vancouver, Canada: Dynasty Gold Corp. (TSX-V: DYG) (FWB: D5G) ("Dynasty" or the "Company") is pleased to announce the engagement of Ethos Consulting Ltd. ("Ethos") to perform corporate advisory and investor relations services for the Company. The contract is for a six-month period.
The Company has two active exploration programs at Golden Repeat in Nevada and Opinaca D in Northern Quebec. Planned surface work for 2011 was completed on both properties with assay results pending. The main objective of this year's surface work was to confirm and refine drill targets previously identified by Yamana Gold at Golden Repeat and by Eastmain Resources at Opinaca D. Drilling has commenced on the Golden Repeat property. For details of the drill program, please see press release of September 22, 2011.
Ethos' network and contacts in the investing community will open doors for the Company while it is focusing its effort in advancing these two projects. Ethos' main focus is to reach out to magazine, newsletter publishers, institutional investors, analysts, fund managers and retail investors as well as other key influencers in the North American investment community. Ethos will coordinate all efforts necessary to increase market awareness of the Company and its growth potential. Its principals have assisted numerous North American small-cap corporations gain coverage and recognition within the global investment community.
Ivy Chong, President and CEO stated "We are pleased to have Ethos as our partner in an Investor Relations capacity. The Ethos team has a wealth of experience and contacts in our sector. We look forward to their involvement and support at this important stage of Dynasty's growth and development".
Under the terms of the agreement and subject to TSX Venture Exchange approval, Dynasty will pay Ethos C$7,500 per month and grant 500,000 stock options at an exercise price of C$0.15. Ethos will assist Dynasty in opening productive and continuing dialogue with the investment community.
As of the date of this press release, Ethos and its principals, directly and indirectly, own a total of approximately 200,000 common shares of Dynasty.
About Golden Repeat Property, Nevada, USA
The Golden Repeat property consists of 49 claims located on the north slope of the Midas Trough, along the Carlin Trend, within the Northern Nevada Rift. These claims host many geological similarities to the well-known Midas Gold District. Ten miles to the east of the property is Newmont's Ken Snyder mine (6.41 million ounce gold reserves as of 2007 at over 14g/t), an epithermal, bonanza-type gold-silver bearing system. Additionally, three major sediment-hosted gold mines, Barrick's Getchell and Pinson Mines and Newmont's Twin Creeks Mine, lie 10-15 miles west of the property. Two distinct targets exist on the property. One is a volcanic-hosted epithermal occurrence, similar to Newmont's Ken Snyder deposit. The other is a sediment-hosted, gold mineralization beneath the tertiary volcanic rocks. The property was drilled by Goldfields in 1992 to 1994 and Romarco in 1997/1998. The most recent work completed on the property was in 2006.
About Opinaca D Property, Quebec, Canada
The Opinaca D property consists of 188 claims over a surface area of 98 km2 and sits on the Eastmain Greenstone gold belt. The property is located about 14 km northwest of Goldcorp's Eleonore deposit. The Eleonore deposit hosts over 3 million ounces of gold reserves at a grade of 7.56 g/t gold, and over 4 million ounces of inferred resources at a grade of over 10 g/t gold. Goldcorp is currently investing $1.4 billion to build an underground mine to produce 600,000 ounces of gold from 2014. The Eleonore mine will contribute 22% of Goldcorp's total gold production. Dynasty's Opinaca D property will benefit from Goldcorp's infrastructure building in the area. In particular, a planned 60 km road, providing access to the Eleonore property, will directly crosscut the Opinaca D property. Major access to the region includes a north-south paved highway (LG2) extending from Matagami to Radisson.
Extensive surface exploration work done by Eastmain Resources between 2005 and 2008 has identified a number of sediment--hosted gold occurrences, similar to Goldcorp's Eleonore deposit in geological setting. Ten drill targets identified by Airborne VTEM (Versatile Time-Domain Electro Magnetics) were recommended and four coincided with significant geochemistry anomalies.
About Dynasty Gold Corp.
Dynasty Gold Corp. is a Canadian gold exploration company currently focused on gold exploration in North America. Two active exploration programs in Nevada US and Quebec, Canada are underway. For more information on the Company and its projects, please refer to the website www.dynastygoldcorp.com.
About Ethos Consulting Ltd.
Based in Vancouver, British Columbia, Ethos Consulting Ltd. was founded to provide a full range of capital market and investor relations services personalized to the needs of publicly listed North American based micro to small-cap companies. Its principals have assisted numerous North American small-cap corporations gain coverage and recognition within the global investment community. For more information on the Company and its projects, please refer to the website www.ethosir.com.
ON BEHALF OF THE BOARD OF
DYNASTY GOLD CORP.
Ivy Chong, President & CEO
For additional information please contact:
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. . Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
You can view the Next News item: Wed Oct 5, 2011, Dynasty Gold Completes Surface Exploration Program at the Opinaca D Property in Northern Quebec
You can view the Previous News item: Mon Sep 26, 2011, Dynasty Gold Received Final Drill Permit and Drilling Has Commenced on Golden Repeat Property in Nevada
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