Dynasty Gold Corp V.DYG

News--Drilling Program at Red Valley

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Dynasty Gold Starts 5000 Metre Drill Program at Red Valley Project, China 13:33 EDT Friday, June 15, 2007 VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 15, 2007) - Dynasty Gold Corp. (TSX VENTURE:DYG)(FRANKFURT:D5G) ("Dynasty" or the "Company") is pleased to announce the start of its 2007 drill program at the Red Valley property, with the first diamond drill rig now on site and operational. The US$1.47 million exploration program at Red Valley is funded by AngloGold Ashanti ("AngloGold") and is being conducted by a joint Dynasty - AngloGold team. The program will include up to 5000 metres of diamond drilling on priority targets at the Red Valley and Xigou prospects. The program is designed to test the complex thrust system which is believed to host a number of gold-bearing shear zones with the collective potential to host a significant gold system. In addition to drilling, the exploration program will include: 1) Geological mapping to constrain Red Valley Duplex system and Xigou drill targets identified at the end of 2006 (1:5,000 to 1:2,000 scale). 2) Extending the ground magnetic survey across current drill targets. 3) Ground truthing and following-up of regional geochemistry anomalies. "We are pleased to be back with a sizeable program at Red Valley," commented Dynasty President and CEO Brian McEwen. "Our results from last year allowed us to focus our drill on areas with the greatest potential for significant gold mineralization, so we will be eager to see the results of the drilling over the next several months." Photos of the Red Valley drill program can be found on the Company's website at: https://www.dynastygoldcorp.com/new/RedValley.asp Dynasty Gold Corp. is a Canadian exploration company working in China with programs at three highly prospective gold properties and partnerships with AngloGold Ashanti and Avocet Mining. For more information on the Company and its projects, please refer to the website, www.dynastygoldcorp.com. ON BEHALF OF THE BOARD OF DYNASTY GOLD CORP. Brian R. McEwen, 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. FOR FURTHER INFORMATION PLEASE CONTACT: Dynasty Gold Corp. - Vancouver Office Ivy Chong CFO [phone] or Toll Free: 1-888-899-9669 [phone] (FAX) Email: [e-mail] Website: www.dynastygoldcorp.com or Ascenta Capital Partners Jamie Mathers Investor Relations [phone] or Toll Free: 1-866-684-4209 Email: [e-mail]