Dynasty Gold Corp. - News - Dynasty Receives Assays From Drilling

	September 30, 2004 Dynasty Receives Assays From Drilling
	Press Release 04-22 Dated: September 30, 2004 Vancouver, Canada: Dynasty Gold Corp. (TSX-V DYG) ("Dynasty" or the "Company") is pleased to announce the following update on its Hatu gold project in Xinjiang Autonomous Region, in North West China. As of September 28th, eighteen holes have been completed at Hatu, utilizing Chinese diamond drilling rigs for a total depth of approximately 3300 meters. The company previously announced four holes from this area including hole ZK421B which returned an intersection grading 5.1 g/t Au over 64.7 meters. (See Dynasty press release Aug 24, 2004). Assay results for four additional holes have been received and are shown in the following table. ------------------------------------------------------------------ Original Twinned Depth Depth Intersection Au DHID (meters) (meters) From To Length (g/t) ------------------------------------------------------------------ ZK205B 120 48 20.0 26.0 6.0 3.0 39.0 45.0 6.0 3.5 ------------------------------------------------------------------ ZK382B 236 212 13.9 15.9 2.0 1.2 ------------------------------------------------------------------ ZK423B 120 199 10.9 16.9 6.0 0.77 24.0 27.4 3.4 2.6 ------------------------------------------------------------------ ZK427B 242 100 17.0 21.6 4.6 1.1 28.0 31.5 3.5 1.5 36.2 51.4 15.2 1.1 54.5 58.5 4.0 1.5 64.6 68.9 4.3 1.6 73.6 79.2 5.6 1.3 ------------------------------------------------------------------ Assay results for the remaining holes are pending. A western style diamond drill (Edco Ltd.) is now operating at site which is capable of drilling angle holes. This will help the company more accurately determine the resource potential of the area. Edco has been contracted to drill 6000 meters this year. Additionally, approximately 3.2 kilometers of trenching, (3000 samples) and 8700 soil samples have been collected. Geophysical surveys including 87 kilometers of IP and 44 kilometers of magnetometer survey have also been completed. This information is being compiled and evaluated. Jonathon George, President of Dynasty Gold Corp. states, "We are excited about the results to date. Our exploration focus this year has been on a small area, approximately 25 square kilometers with the intention of establishing a resource, but this is only 1% of the area of mutual interest we are evaluating in this region. I believe our chances of success in Xinjiang are very high." Dynasty, in partnership with Xinjiang Non-Ferrous Metals Group, is exploring an area of mutual interest of 2500 square kilometers in Xinjiang, and together with its projects in Qinghai and Gansu has one of the largest land positions of any foreign company to explore for precious metals in China. Exploration is underway at Qinghai and is scheduled to shut down for the winter October 18th. It is estimated that by that time more than 5000 soil samples will have been collected. The results will be compiled over the winter with follow up exploration planned for the spring. 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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