Dynasty Gold Received Final Drill Permit and Drilling Has Commenced on Golden Repeat Property in Nevada

   Dynasty Gold Corp. (TSX VENTURE: DYG)(FRANKFURT: D5G) ("Dynasty" or the "Company") is pleased to report that the Bureau of Land Management in Nevada ("BLM") has provided the final approval of the drill permit for phase one drilling at the Golden Repeat property in Nevada. Drilling has commenced as of the date of this press release. Please refer to the press release on September 22, 2011 for more details on the drill program.

About Golden Repeat Property, Nevada, USA

The Golden Repeat property consists of 49 claims located on the north slope of the Midas Trough, along the Carlin Trend, within the Northern Nevada Rift. These claims host many geological similarities to the well-known Midas Gold District. Ten miles to the east of the property is Newmont's Ken Snyder mine (6.41 million ounce gold reserves as of 2007 at over 14g/t), an epithermal, bonanza-type gold-silver bearing system. Additionally, three major sediment-hosted gold mines, Barrick's Getchell and Pinson Mines and Newmont's Twin Creeks Mine, lie 10-15 miles west of the property. Two distinct targets exist on the property. One is a volcanic-hosted epithermal occurrence, similar to Newmont's Ken Snyder deposit. The other is a sediment-hosted, gold mineralization beneath the tertiary volcanic rocks. The property was drilled by Goldfields in 1992 to 1994 and Romarco in 1997/1998. The most recent work completed on the property was in 2006.

About Dynasty Gold Corp.

Dynasty Gold Corp. is a Canadian gold exploration company currently focused on gold exploration in North American. Two active exploration programs in Nevada US and Quebec, Canada are underway. 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.

Ivy Chong, 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Dynasty Gold Corp. - Vancouver Office Ivy Chong 604.633.2100 604.484.3559 (FAX) [e-mail] www.dynastygoldcorp.com