DYNASTY POURS FIRST GOLD

Vancouver, BC, September 28, 2009 - The management of Dynasty Metals & Mining Inc. (TSX: DMM, "Dynasty" or the "Company") is very pleased to announce the Company has poured its first gold at its recently commissioned gold processing plant at Zaruma in Ecuador. In total, the dory bars poured by the Company contained approximately ten kilograms (320 ounces) of gold and 50 kilograms (1,600 ounces) of silver.

Robert Washer, the Company's President and Chief Executive Officer commented: "This is a significant moment in the Company's history and for the development of a modern mining industry in Ecuador. We would like to thank the government of Ecuador for its ongoing support for the development of the Zaruma Gold Project, which is the first large scale modern mining operation in Ecuador's history."

The Company has now successfully commissioned all sections of the plant. The Company will continue to optimize plant operations by processing material mined during the ongoing development of the declines.

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 has the producing Zaruma Gold Project, the first large scale modern mine and processing facility in Ecuador which was constructed on budget in a country that lacks an infrastructure for large scale mining. In addition, the Company has the advanced-stage Jerusalem Project, and a highly prospective exploration project, the Dynasty Copper-Gold Belt, which includes the Dynasty Goldfield.

Dynasty Metals & Mining Inc.
Robert Washer, President and CEO