Dynasty Metals Australia Limited (ASX:DMA) Present Encouraging Fe Grades From Prairie Downs and Marra Mamba Iron Formation

Sydney, Feb 11, 2010 AEST (ABN Newswire) - Further to Dynasty Metals Australia Limited's (ASX:DMA) November 2009 announcements regarding its 400Mt flagship deposit on its Prairie Downs tenements in the Pilbara Western Australia, the Directors are pleased to present beneficiation results from three bulk samples and the results from 'handpicked' proof of concept samples.

The results of preliminary test work on "RC Drill Cuttings" are encouraging and show that the in-situ material can be upgraded to approach marketable grades of iron and silica. Best beneficiated sample achieved 58.19% Fe.

Results from the proof of concept sampling show encouraging Fe grades. The best result was 60.96% Fe from a surface sample near hole SERC055.

Dynasty is now confident of the potential of its Prairie Downs Project and will implement a comprehensive exploration and bulk testing program.

Dynasty's independent consultants are working towards publishing a JORC Compliant resource statement for the Prairie Downs Detrital Iron and Marra Mamba Formation DSO deposits in the March Quarter 2010.

Full results from the proof of concept sampling are attached showing the highly encouraging Fe grades. These include up to 60.96% Fe from the magnetite fraction from a surface sample taken from near the collar SERC055.

2010 Exploration Program:

Dynasty considers these results support the commencement of a the next phase of exploration which will in Phase 1 for 2010, comprise further drilling to better define high grade zones within the detrital deposits, in fill drilling and extensions to the drilling to the south and south east. In addition, the program will include bulk samples and detailed beneficiation test work with the aim to define an optimum process and costs of beneficiation.

A successful outcome for Phase 1 would lead to a Phase 2 2010 program which would involve further in-fill drilling of the deposits to enable the determination of a JORC Compliant Measured Resource, mine planning, environmental studies and larger bulk samples to confirm beneficiation results from Phase 1. Phase 2 will be designed to cover pre-feasibility work (PFS).

A successful outcome for Phase 2 would lead to Phase 3 2010/2011 program which will be the completion of the PFS and the undertaking of a bankable feasibility study.

For the complete Dynasty Metals ASX Announcement, please click the link below:

http://www.abnnewswire.net/media/en/docs/62262-ASX-DMA-480170.pdf

Contact

Malcolm Carson Technical Director Tel: +61-2-9229-2702 Lewis Tay Executive Director Tel: +61-2-9229-2710 Ian Levy Chairman Tel: +61-2-9229-2704