Dynasty Metals & Mining Inc. (Dynasty) is an exploration and development stage company in the business of acquiring, exploring and developing mineral concessions in Ecuador. The Zaruma Gold Project consists of 46 unsurveyed concessions, located in the El Oro Province of south-western Ecuador, in the vicinity of the towns of Zaruma and Portovelo. As of December 31, 2011, 43 of the concessions are 100% owned by the Company, one is 50% owned and one is 25% owned and subject to a concession-sharing agreement. The Jerusalem Project consists of a single, 100% owned concession that covers 225 hectares in a readily-accessible region of southern Ecuador, near the border with Peru. The Dynasty Copper-Gold Belt Project lies within a north-east-trending, mineralized corridor, 90 kilometer by 20 kilometer in the Loja Province of southern Ecuador. As at December 31, 2011, the Company had produced a total of approximately 28,400 ounces of gold and 65,000 ounces of silver.