Dynasty Gaming Closes Private Placement.

MONTREAL -- Dynasty Gaming Inc. (TSXV: "DNY") (the "Company") today announced that it has closed its private placement, raising gross proceeds of C$5,000,000. This offering, as announced on 7 November, resulted in the sale of 10,000,000 units (the "Units") of the Company at a price of $0.50 per Unit. The funds raised will be used to secure an 87.5% ownership stake for Dynasty in DNY (BVI) Limited, the British Virgin Islands company created to own and manage Dynasty's Mahjong operations and prepaid card activities in China, for marketing activities in China and for general working capital.

Each unit ("Unit") sold consists of one common share and one common share purchase warrant, each entitling the holder to acquire one additional Dynasty Gaming common share at a price of $0.75 per share for a period of two years. All of the Units sold are subject to a four (4) month hold period. The warrant also carries a redemption feature in favour of the Company.

The Company has agreed to pay in cash a finder's fee of $315,000, equal to 7% of the gross proceeds resulting from subscriptions located by appropriate persons.

As a result of this funding transaction, the issued and outstanding capital of Dynasty Gaming has increased to 87,617,893 common shares.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved of the contents of this news release.

About Dynasty Gaming Inc.

Dynasty Gaming Inc. is solidifying a two-phased strategy to secure a lead position in the Chinese market and within the international online gaming sector with its first-to-market software for an aggregate player, cash wager version of Mahjong, the world's most played game. Through its wholly owned subsidiaries, the company develops, markets, licenses and supports the Mahjong Mania software. Since marketing began in the second half of 2005, a number of license agreements have been signed including a contract with Ladbrokes, the world's largest online sports book (www.Ladbrokes.com) whose site now hosts a customized version of Mahjong Mania. Dynasty has also signed Microgaming, an innovative supplier of online gaming solutions to many of the world's leading online casinos and sports book operators. On October 13, 2006, President Bush signed into law the Unlawful Internet Gambling Enforcement Act. In response, Dynasty Gaming decided that it would not accept wagers from the United States from its licensees. Given the Company's focus on the Asian markets, Dynasty Gaming expects that this decision will have a minimal impact on its future operations.

Dynasty Gaming's 87.6 million common shares, issued and outstanding, are widely held by Canadian and U.S. investors. Full information on Dynasty Gaming can be found at www.dynastygaming.com.