15:02 EDT Thursday, September 30, 2010

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 30, 2010) - Dynasty Metals & Mining Inc. (TSX:DMM)(OTCQX:DMMIF) ("Dynasty" or the "Company") is pleased to announce that it has delivered its second shipment of gold dore, containing approximately 1,250 troy ounces of fine gold, with an approximate value of US$1.6 million, produced from its Zaruma Gold Project in Ecuador to a refinery in Canada. The Company continues to have a strong cash position and expects operations to be cash flow positive for the remainder of the year.

Ecuadorian Police Protests

Certain members of the Ecuadorian police are currently protesting a new law that would potentially lead to a reduction in their benefits. This has led to some road closure in the capital, Quito, as well as the closure of Quito airport. Protests have also been reported elsewhere in the Country, including Guayaquil.

These protests, have not, and are not expected to affect the Company's operations in Southern Ecuador. The Company's mining and processing operation in Zaruma continues to be operating on a shift basis twenty four hours a day.

Rob Washer, President & Chief Executive Officer