Highlights

1. Regional exploration on Dynasty large Prairie Downs tenements has identified potential iron targets that would enhance Dynasty 1.4 billion tonne detrital ironstone gravel deposit at the Spearhole Prospect.

2. Geophysics and mapping has identified new direct shipping ore targets on tenement E52/1927 including targets for concealed Marra Mamba iron ore formation deposits.

3. Channel iron deposits have been reported to the south of Dynasty Spearhole Prospect.

4. Dynasty vast basal iron conglomerate” adjacent to Prairie Downs Fault to be tested

5. Dynasty has intensively explored less than 2% of its 4,000 square kilometers Prairie Downs tenements to date.

Iron ore company Dynasty Metals Australia Limited announced the results of regional geophysics and regional mapping to the south west of its 1.4 billion tonne Spearhole Iron Deposit.

1. Iron Gravel Potential

Interpretation of the geophysical results suggest the presence of two sub-parallel north east to south west trending structures which may have had a significant influence on the formation of massive iron gravels in the Spearhole deposit and elsewhere on the tenement

During the first quarter 2011, geological mapping traverses will be undertaken to define drill sites in the target areas illustrated. In addition, Dynasty geologists will investigate the tenements further to south to establish the area prospectively for the channel iron deposits reported to exist in that area.

2. Basal Iron Conglomerate Potential

Dynasty is making preparations to test a large basal iron conglomerate deposit in 2011. Surface sampling has returned high iron grades in places. Dynasty is encouraged by the early stage reconnaissance exploration at Prairie Downs to date. The Company is optimistic that exploration will define additional iron ore deposits that will be suitable for blending with the vast Spearhole detrital ironstone gravel deposit.