Dynasty Appoints New Director

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 12, 2008) - Dynasty Metals & Mining Inc. (TSX:DMM) (the "Company") is very pleased to announce the appointment of Mauricio Davalos Guevara of Quito, Ecuador to the board of directors of the Company.

Mr. Davalos is a graduate of Northwestern and Vanderbilt Universities in the United States, where he obtained bachelor and masters degrees, respectively, in the field of economics. He is a former minister, having held various positions with the Ecuadorian government since 1979, including the Minister of Economic Policy and Production under the current government and the Minister of Natural Resources and Energy and the Minister of Agriculture under previous governments. Mr. Davalos was also an elected member of the National Constitutional Assembly of Ecuador as well as the Governor of the Central Bank of Ecuador.

He is presently a member of Ecuador's Foreign Relations Advisory Board and is the president of the Ecuadorian Pacific Economic Cooperation Council. In addition, he holds various board positions with private enterprises operating in Ecuador.

Company President and CEO, Robert Washer, commented: "We are delighted to have Mauricio join the board. He will be of valuable assistance to the Company due to his extensive business and government experience."

Mr. Davalos will receive incentive stock options to purchase 100,000 common shares of the Company for a period of five years at an exercise price of $7.50.

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 two advanced-stage projects, Zaruma, which is nearing production, and Jerusalem, as well as a highly prospective exploration project, the Dynasty Copper-Gold Belt, which includes the Dynasty Goldfield, the Copper Duke Project and the Marianna Joint Venture among other prospects.

Dynasty Metals & Mining Inc.

Robert Washer, President and CEO