DYG Dynasty Gold Corp

Dynasty Gold Corp. (TSX VENTURE: DYG)(FRANKFURT: D5G) ("Dynasty" or the "Company") is pleased to provide an update on the sampling program started July 7, 2011 (See press release of July 7, 2011). Analytical results have been received for the forty-one rock chip samples that were taken during geologic mapping of the eastern, southern, and adjacent peripheral areas of the property. All samples were of altered rocks, and were taken to characterize the geochemistry of the alteration and mineralization of the host rocks and local structures in the mapped areas. Sample 29 returned over 10 ppm Au (10 g/t gold). This was a sample from a float taken close to Romarco Mineral's drill hole GR-06c where previous Romarco's samples in the vicinity carried up to 5.99 ppm Au. Another sample carried 1 ppm Au and came from an outcropping vein located at a convenient spot relative to the existing road and drill sites that have been conditionally approved for drilling by Bureau of Land Management in Elko County, Nevada ("BLM"). Many samples carried between 20 to 100 ppb Au, indicating widespread anomalous mineralization.

Dynasty has posted a bond which was required to meet the terms of the final drill permit approval as set forth by BLM. The final approval is expected soon (See press release of August 9, 2011). Upon final approval, Dynasty plans to drill the outcropping vein that was identified during the surface work and another separate structural target that was previously proposed by Yamana Gold. The geologist on site will determine whether a second drill hole is warranted at each of the two drill locations before the rig leaves the property.

This press release was reviewed by Richard Jones, P.Geo, a Qualified Person as defined by National Instrument 43-101.

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 14 g/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 Opinaca D Property, Quebec, Canada

The Opinaca D property consists of 188 claims over a surface area of 98 km2 and sits on the Eastmain Greenstone gold belt. The property is located about 14 km northwest of Goldcorp's Eleonore deposit. The Eleonore deposit hosts over 3 million ounces of gold reserves at a grade of 7.56 g/t gold, and over 4 million ounces of inferred resources at a grade of over 10 g/t gold. Goldcorp is currently investing $1.4 billion to build an underground mine to produce 600,000 ounces of gold from 2014. The Eleonore mine will contribute 22% of Goldcorp's total gold production. Dynasty's Opinaca D property will benefit from Goldcorp's infrastructure building in the area. In particular, a planned 60 km road, providing access to the Eleonore property, will directly crosscut the Opinaca D property. Major access to the region includes a north-south paved highway (LG2) extending from Matagami to Radisson.

Extensive surface exploration work done by Eastmain Resources between 2005 and 2008 has identified a number of sediment-hosted gold occurrences, similar to Goldcorp's Eleonore deposit in geological setting. Ten drill targets identified by Airborne VTEM (Versatile Time-Domain Electro Magnetics) were recommended and four coincided with significant geochemistry anomalies.

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 President & CEO 604.633.2100 604.484.3559 (FAX) ichong@dynastygoldcorp.com www.dynastygoldcorp.com