Dynasty Gold Announces Close of the Private Placement

Suite 1180 - 625 Howe Street Press Release 11-01 Vancouver, BC, V6C 2T6

Tel: 604 633-2100 fax: 604-484-3559 www.dynastygoldcorp.com Trading Symbols: TSX-V: DYG

FWB: D5G

Dynasty Gold Announces Close of the Private Placement

Dated February 15, 2011

Vancouver, Canada: Dynasty Gold Corp. (TSX-V: DYG; FWB: D5G) ("Dynasty" or the "Company") announces that it has received the TSX Venture approval of the 10,000,000 units private placement previously announced on December 10, 2010. The 10,000,000 unit private placement was closed for a gross proceeds of $500,000. Each unit consists of one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to purchase one common share at $0.10 for a period of two years from closing (the “Closing Date”). No finder’s fee is payable on this financing. The shares and warrants issued are subject to a four month hold from the date of closing of the private placement.

The Company will use the proceeds of the private placement to fund Golden Repeat property acquisition cost, its first year exploration program and for general working capital.

Dynasty Gold Corp. is a Canadian gold exploration and development company that is engaged in acquisition, exploration and development of exceptional gold projects in North America.

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”

Ivy Chong, President & CEO

For additional information please contact:

Vancouver Office:

Ivy Chong Phone: 604.633.2100 Email: [email protected]

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. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.