On March 10, 2008, Dynasty Metals & Mining Inc. (TSX:DMM) announced the closing of its previously-announced non-brokered private placement of 2,500,000 common shares at a price of $7.50 per common share for gross proceeds of $18,750,000.

Subsequent to receiving the funds from the offering, Dynasty has approximately $31 million in cash available to complete planned mine development and mill construction at its Zaruma gold project in Ecuador, expand exploration and development work at Zaruma, expand its plans at its other major projects and for general corporate purposes.

Susan E. McLeod advised Dynasty in this transaction.