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momentum_seekeron Nov 30, 2009 7:08pm
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Post# 16537973
DYNASTY COMMENTS ON ECUADORIAN MINING REGULATIONS
DYNASTY COMMENTS ON ECUADORIAN MINING REGULATIONS
DYNASTY COMMENTS ON ECUADORIAN MINING REGULATIONS
Vancouver, BC, November 30, 2009 - Dynasty Metals & Mining Inc. (TSX: DMM, "Dynasty" or the "Company") confirms that the long awaited Mining Regulations signed by President Correa of Ecuador have been recorded in the official law registry and are now enacted.
Robert Washer, the Company's Chief Executive Officer, commented "We are very pleased that Ecuador, under the watch of President Correa, has taken another step towards the development of a sustainable mining industry. The framework set out in the Regulations is competitive with that which governs other successful mining jurisdictions."
In a speech made at the signing ceremony on November 4, 2009, President Correa commented: "… the sustainable development of mining is fundamental for the development of the Country."
The Company has reviewed the Regulations and is satisfied that it complies with all of its material requirements. The Company's next step is to negotiate an exploitation contract with the government of Ecuador and will continue operations while doing so.
About Dynasty Metals & Mining
Dynasty Metals & Mining Inc. is a Canadian based mining company involved in the exploration and development of mineral properties in Ecuador.
The Company owns three gold projects: Zaruma Gold, the first large scale modern mine and processing facility in Ecuador; Jerusalem Gold, an early stage mine development project: and the Dynasty Copper-Gold Belt, which includes the Dynasty Goldfield, a highly prospective exploration project.
Dynasty Metals & Mining Inc.
Robert Washer, President and CEO