|August 10, 2004|
Private Placement Change
|Press Release 04-16|
Vancouver, Canada: Dynasty Gold Corp. (TSX-V DYG) ("Dynasty" or the "Company") announces that due to the oversubscription of its private placement announced on July 12, 2004, the private placement has been increased from up to 3,000,000 units to a maximum of 3,200,000 units, at a price of $0.50 per unit, for gross proceeds of up to $1,600,000. All other aspects of the private placement remain the same as originally announced.
Dynasty is a Canadian based junior resource company focused on acquiring, exploring and developing gold prospects in China.
ON BEHALF OF THE BOARD OF
DYNASTY GOLD CORP.
"Jonathan W. George"
Jonathan W. George, President
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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