Dynasty Gold Corp.

Address:	215 - 1100 Melville Street Vancouver, B.C. Canada V6E 4A6
Tel No.:	(604) 633-2100
Fax No.:	(604) 484-3559
Toll Free No.:	1-888-899-9669
Web Site:	www.dynastygoldcorp.com
Corporate Email:	info@dynastygoldcorp.com
Contact Person:	Jonathan George	Dwayne Yaretz
Position:	President	Investor Relations

COMPANY DATA

Traded Market:	TSX Venture
Traded Symbol:	DYG
Outstanding Shares:	24,000,000
52 Week High:	$ 1.25
52 Week Low:	$ 0.35
Present Price:	Click Here

INTRODUCTION

Dynasty Gold Corporation is a Canadian based, publicly listed junior resource company focused on acquiring, exploring and developing mineral projects in North West China. The Company is committed to finding world class deposits working in some of the most prolific mineral belts in the world.

The Company has set up Sino Joint Ventures in Xinjiang, Gansu and Qinghai provinces, making Dynasty the largest foreign land holder in China. Business licenses have been granted in Xinjiang, Gansu and Qinghai provinces. The Company has a crew of approximately fifty people (including Chinese nat?ionals) working in Xinjiang. Total exploration commitments for this year is $3.6 million.

Through the acquisition of Terrawest Minerals Inc. earlier this year, Dynasty has one of the largest exploration packages held by a foreign entity. Dynasty's $12 million US commitment in Xinjiang makes it the largest foreign investment in mining exploration in China.

PROJECTS IN HAND

(1) Xinjiang Autonomous Region, China

Dynasty has been granted the sole and exclusive right to conduct due diligence on three exploration areas in Xinjiang Autonomous Region of Northwest China. The areas cover approximately 2,600 sq.km and are the subject of a Sino Joint Venture between Terrawest Minerals Inc., a privately held Canadian corporation, and Xinjiang NonFerrous Metals Industrial (Group) Co., Ltd., one of China's leading mining concerns. Upon satisfactory completion of its due diligence, the Company will enter into an agreement with Terrawest to acquire their entire interest in the Joint Ventures.

The three areas of interest, Hatu, Baogutu and Hami mining areas, fall within one of the richest gold belts in the world, hosting several world class deposits.

(A) Hatu Area

Gold mining in the Hatu area started over 200 years ago. However, systematic geological work in the area was not started until 1958.

The Xinjiang Bureau of China Geological Survey carried out geophysical and geochemical exploration from 1981 to 1986 in the area between Hatu Mountain and the Dalabute River.

From 1976 to 1990, Brigade #7 of the Xinjiang Bureau of China Geological Survey carried out a detail geological survey on the Qi-1 zone. Their work included drilling 62.5 kilometres, trenching a total volume of 17.5 thousand cubic metres, and aditting a total length of 1,142 m, as well as surface mapping.

The grade at Qi-1 ranges between 3 and 10 g/t Au., although local pockets of much higher grade are common, typically with visible gold. Since the start up of the mine, it is estimated that approximately 260,000 ounces have been mined at a rate of approximately 10,000 to 15,000 ounces per year. The current reserve estimate for Qi-1 is approximately 14 tonnes Au at 7.5 g/t.

From 1988 to 1989, the Geological and Mining Research Institute and the Brigade #7 of the Xinjiang Bureau of China Geological Survey began defining resource potential at a scale of 1:10,000, in the Qi-2 area.

The Hatu mining area can be divided into four structural belts from the North to the South:

1. The Hatu Gold Belt
2. The Anqi Gold Belt
3. The Dalabute Gold Belt
4. The Baogutu Gold Belt

The Qi-2 deposit is hosted within carbonaceous, volcaniclastic meta-sedimentary rocks within the footwall of the Anqi fault. Previous work has defined 44 gold bearing quartz veins ranging in thickness from 0.1 to approximately 0.5 m, ranging in length from 50 to 200 m long with some much longer.

At Qi-1 the gold is defined by the quartz veins with only a small halo contained within the altered basalts. At Qi-2 the gold grade tends to be lower, 3 to 5 g/t, however it contains a much larger gold halo with gold occurring more within the meta sediments. This type of deposit may represent an attractive larger bulk tonnage mining scenario.

Throughout the Hatu mining area several intrusive stocks and batholiths exist. These are likely associated with deformation mineralization.

(B) Baogutu Area

At Baogutu the main lithologies are tuffaceous sandstones and conglomerates. These have been intruded by a series of granodiorite stocks showing porphyritic textures. Many veins cut hornfels zones surrounding the stock where relatively competent rocks were preferentially fractured during fluid flow events. These veins are characterized by pyrite, arsenopyrite and stibnite.

(C) Hami Area

As with gold mining at Hatu, gold has been mined sporadically in the Hami area dating back to the Ching Dynasty (200 years). It was not until the 1980s that the interest in gold was sufficient enough to initiate regional studies and the definition of the potential of the Hami area. This lead to the discovery and development of the mining operations at Hami.

Xinjiang NonFerrous Metal Industrial (Group) Co., Ltd. in collaboration with the Hami Municipal Government manages the operations. The company was initiated in 1987, and was put into operation and production in October of 1992. Initially the mining capacity was 100 tonnes/day. The processing capacity was also 100 tonnes/day. The annual gold production was approximately 10,000 ounces. This has been improved over the past decade with mining and processing increasing to approximately 480 tonnes/day and annual gold production is approximately 32,000 ounces.

The Hami Area of interest is a 300 sq.km area in which three main mining zones have been identified. These trend NNE and are sub parallel. From South to North these are:

210 Mining Area
Xinwozi Mining Area
The North Zone

(2) Red Valley Project, Qinghai Province, China

Sino JV completed, Business License granted
An independent NI 43-101 technical report has been completed
Exploration Program commenced in June 2004 ($1.0 Million)
- Geochemical sampling
- Geophysics
  - Trenching
  - Drilling (2,000 metres 5 - 6 holes)

(3) Wildhorse Gold Project, Gansu Province, China

Sino JV completed, Business License granted
Due diligence has been completed
Prospect area known gold producer
Exploration commenced in June 2004 ($ 0.6 Million)
- Geochemical sampling
- Geophysics
  - Geological mapping of approximately 50 sq.km
  - Trenching (approximately 30 km)
- Underground sampling (approximately 200 metres)

MANAGEMENT

Dynasty Gold Corp. has a well management team with experience in different areas. The management team and officers includes:

Jonathan W. George, B.Sc., Geology, President & Director
Mr. George has been a consulting geologist, holding senior positions with numerous junior exploration companies, for the past 20 years. Mr. George joined the Company in 1993, and has been instrumental in property acquisitions, negotiations and financings.

R. Stuart (Tookie) Angus, LLB, Secretary & Director
Mr. Angus is presently Managing Director - Mergers & Acquisitions for Endeavour Financial and is responsible for merger and acquisition mandates. Prior to joining Endeavour Financial, he was a partner at the Canadian law firm Fasken Martineau DuMoulin and headed that firm's Global Mining Group. For over 25 years, Mr. Angus has focused on significant international exploration, development and mining ventures, and all aspects of their structuring and finance.

Robert A. Watts, B.Sc., C.A., Director
Mt. Watts has been actively involved in mineral exploration and development since 1964, and has held numerous high-ranking positions in both junior and senior corporations. From 1972-79, Mr. Watts was the Corporate Treasurer and Vice-President of Placer Development Ltd. (Placer Dome). Mr. Watts acted as the Executive Vice-President of Finance for Pegasus Gold Inc., a Vancouver, B.C. based mining company. Mr. Watts' expertise is in public company financing and accounting, serving as a senior officer and director of a number of producing mining companies.

Luca M. Riccio, Ph.D., Geology, Director
Mr. Riccio obtained his Ph.D. in Geology from the University of Western Ontario in 1976. He is a registered member of the Association of Professional Engineers and Geoscientists of British Columbia and the co-author of several research papers. Mr. Riccio has been active in all phases of mineral exploration throughout Canada, South America and Europe and was instrumental in the initial evaluation of the Andacollo gold project in Chile.

Wayne M. Koshman, Director
Brian R. McEwen, VP Exploration
Andrew Zeng, VP General Manager, China Operations
Joyce Adam, VP Business Development
Marilyn Wong, Assistant Secretary

CONCLUSION

Dynasty Gold Corp. has several good mining projects in China. The Company has positioned itself as one of the leading prospectors of mineral properties in China. Upon completion of a formal agreement with Terrawest Minerals Inc., the Company intends to carry out an initial exploration program at a cost of approximately $1.5 million, to evaluate the most immediately encouraging prospects within the Xinjiang area. This will include a 10,000 metre drill program, as recommended by Norwest Corporation. If the result is sound, Dynasty Gold Corp. has an opportunity to have some good discoveries in China.

NEWS UPDATE

On February 11, 2005, Dynasty Gold Corp. announced that Ms. Christine Norcross has joined the Dynasty team as Manager of Investor Relations, effective February 14th, 2005. The Company believes that Ms. Norcross' marketing and technical abilities as well as her business contacts will play a very important role in moving the company ahead with its projects and business in China.

On January 19, 2005, Dynasty Gold Corp. announced the tonnes and grade of a target potential on the Hatu Project in Northwest China. The potential quantity and grade ranges from 20 - 40 million tonnes at 1.3 - 1.9 g/t gold or 1.0 - 1.7 million ounces of gold at a cutoff grade of 0.5 g/t Au. The quantity and grade is conceptual in nature. There has been insufficient work to define a mineral resource on the property and it is uncertain if further work will result in the determination of a mineral resource.

On January 12, 2005, Dynasty Gold Corp. announced that it has extended the expiry date of 1,785,714 warrants from January 19, 2005 to July 19, 2005. The Warrants are exercisable at $0.90 per share.

On December 21, 2004, Dynasty Gold Corp. announced that subject to regulatory acceptance, a non-brokered private placement with Caledon Resources Plc for 4,500,000 units at a price of $0.41 per unit for gross proceeds of CDN$1,850,000. This represents approximately 15% of the issued and outstanding shares of the Company. Each unit consists of one common share and one half of one warrant. The proceeds of the offering will be used to fund the exploration and development of the Dynasty's projects in China.

On December 13, 2004, Dynasty Gold Corp. announced that it has received results from an extensive geochemical and surface sampling program conducted on its Hatu gold project in Northwest China. Several strong, new gold anomalies have been discovered including one which measures approximately 1 km by 3 km. This large anomaly is located approximately 1 km south of the Qi-2 zone (where a resource is presently being estimated). It is delineated at a cut off grade of 50 parts per billion (ppb). Trenching is now underway to investigate this area.

Additionally, results from sampling of waste piles left from previous mining in the Qi-2 area have been received. From a total of 47 samples, 32 samples graded over 1.5 g/t Au, 6 samples graded between 0.5 g/t and 1.5 g/t Au, and the remaining 9 samples graded less than 0.5 g/t. These results demonstrate that what the past operators deemed as waste does in fact contain significant gold mineralization.

On December 01, 2004, Dynasty Gold Corp. announced that it has negotiated a new agreement with their joint venture partner, Xinjiang Non-Ferrous Geological Exploration Bureau (XNF), which relaxes the time commitment for financial contributions. Previously under the terms of the contract, the Company was obligated to contribute $12M USD to the joint venture within 30 months of receiving its business license, with an initial contribution of 15% or $1.8M which has been utilized for exploration on the Hatu project. To date, exploration has included drilling 22 holes, trenching, geophysical and geochemical surveys.

On November 15, 2004, Dynasty Gold Corp. announced the continuing positive results coming out of the exploration program currently underway at its Hatu gold project in Xinjiang Autonomous Region, North West China.

The results show:

· Thick continuous gold intersections (greater than 0.7 g/t), for more than 450 metres along strike, with widths of up to 100 metres and thicknesses of more than 120 metres encountered at Qi-2. (See Dynasty Press Release October 26, 2004).
· Soil and rock sampling has led to the discovery of numerous gold occurrences within the project area (1,600 sq.km of mutual interest).
· Several potential drill targets have been identified, based on geochem sampling anomalies, surface sampling, satellite imagery and geological mapping.
· Gold is structurally controlled. Mineralization is low in sulphides, suggesting Au recovery should be high as verified by local miners
· A resource will be estimated for the Qi-2 area.

On November 02, 2004, Dynasty Gold Corp. announced the appointment of Mr. Brian McEwen, P.Geol., currently VP Exploration, as President of the Company. He will be responsible for the day to day operation of the Company, leading the Company into the next phase of exploration and development. Mr. Jonathan George, the immediate past president, will remain as director.

On October 26, 2004, Dynasty Gold Corp. announced the latest drill results from its Hatu gold project in Xinjiang Autonomous Region, North West China, including five intersections with a cumulative thickness and grade of 73 metres at 2 g/t gold in drill hole ZK341B. Mineralization is present throughout the length of the hole with a composite grade from surface to 219 metres of 0.77 g/t Au.

On September 30, 2004, Dynasty Gold Corp. announced the update on its Hatu gold project in Xinjiang Autonomous Region, in North West China. As of September 28th, eighteen holes have been completed at Hatu, utilizing Chinese diamond drilling rigs for a total depth of approximately 3,300 metres. Assay results for four additional holes have been received.

On September 10, 2004, Dynasty Gold Corp. announced that further to its news release dated March 24, 2004, due diligence has been completed on the Wildhorse Gold Project, situated in Heicigou gold belt, Gansu Province, People's Republic of China. As a result, the Company has elected to proceed with the acquisition of a 100% interest in Terrawest Mining Inc. ("TW Mining"), a private B.C. corporation, through a Share Purchase Agreement. This enables Dynasty to earn up to an 80% interest in the underlying Sino Foreign Cooperation Joint Venture with the No.2 Institute of Geological and Mineral Resource Survey and Development Bureau of Gansu Province ("Gansu Institute") which was formally signed between TW Mining and Gansu Institute on February 10th, 2004.

On September 08, 2004, Dynasty Gold Corp. announced that further its news release dated April 20, 2004, due diligence, including an independent NI 43-101 technical report, has been completed on the Red Valley Project, located in the Qinghai Province, People's Republic of China.

On August 24, 2004, Dynasty Gold Corp. reported an exploration update and initial results of its drilling on the Hatu project in Xinjiang Province, North West China, including a drill intersection of 64.7 metres of 5.1 g/t Au in DH 421B. Twelve holes have been completed for a total depth of 1,743.81 metres. The Company has received assay results for four of the holes. There were three holes which were unable to reach the targeted depths due to old workings, indicating that the workings represent high grade zones mined previously by the Chinese, and that significant mineralization continues below these zones.

On June 17, 2004, Dynasty Gold Corp. announced the appointment of Ms. Phoebe Wang to the position of Chief Financial Officer, China Operations. Based in Dynasty's Beijing office, Ms. Wang will oversee all of Dynasty's financial affairs in China, ensuring compliance with international standards.