Dynasty Metals Australia Limited (ASX:DMA) Secures New Tenement To Expand Its Prairie Downs Iron Tenements

Sydney, Sep 24, 2010 AEST (ABN Newswire) - Dynasty Metals Australia Limited (ASX:DMA) are pleased to announce that it has successfully secured a strategic tenement following a strongly contested ballot. The new tenement, (E52/2591) is contiguous with Dynasty's existing tenement holdings, and is located near to the vast Mt Newman mining operations.

The tenement is adjacent to Dynasty's vast exploration license E52/2460 and is within an area which is tightly held by some of the world's largest Iron Ore mining companies such as BHP Billiton (ASX:BHP) (NYSE:BHP), Rio Tinto (ASX:RIO) (PINK:RTNTF) and Fortescue Metals Group Limited (ASX:FMG). The new tenement increases Dynasty's tenement holding for the Prairie Downs Iron Project to 3,722km2.

The tenement covers a complex structural zone on the edge of the Hamersley Basin and adjacent to the vast intrusive of the Sylvania Dome. The tenement has recent alluvial which are interpreted to cover an area of potential Marra Mamba Formation.

Dynasty will include this tenement in its future exploration activities and utilise detailed geological mapping, ground magnetic and gravity surveys to identify drilling targets for initial exploration.

For the complete Dynasty announcement including figures of the tenement location, Dynasty's neighbours and the regional geology, please refer to the following link:

http://www.abnnewswire.net/media/en/docs/63799-ASX-DMA-506567.pdf

Contact

Malcolm Carson Executive Director - Technical Dynasty Metals Australia Limited Tel:+61-2-9229-2704 Lewis Tay Executive Director Dynasty Metals Australia Limited Tel:+61-2-9229-2710 (Chinese) http://www.dynastymetals.com.au