Dynasty Metals Australia Limited (ASX:DMA) Announce Share Placement Raising A$2.3m

Sydney, June 10, 2011 AEST (ABN Newswire) - Dynasty Metals Australia Limited (ASX:DMA) is pleased to announce a placement of 13.5 million shares at 18 cents per share to two China based private investors to raise approximately A$2.3 million.

These funds will replenish much needed cash resources which were depleted by events of the preceding six months, and will enable the Company to implement an interrupted drilling program, as well as expedite metallurgical analysis and a beneficiation works program on the Company's core Prairie Downs tenements.

The Company is also pleased to advise that the writ challenging the validity of proxies of the last EGM (see ASX announcement on 24 March 2011) has been discontinued by the plaintiff.

Contact

Richard Oh CA MAICD Executive Chairman Dynasty Metals Australia Limited Tel: +61-2-9229-2710 Fax: +61-8-9322-7211 Email: admin@dynastymetals.com.au http://www.dynastymetals.com.au