Dynasty Gaming Proposes C$5,000,000 Private Placement to Secure 87.5% of Interests in China.

MONTREAL -- Dynasty Gaming Inc. (TSXV: DNY) today announced that it proposes to undertake a non-brokered private placement involving the sale of up to 10 million units of the Company at a price of C$0.50 per unit for gross proceeds of C$5 million. The net proceeds of this proposed private placement will be used to secure an 87.5% ownership stake for Dynasty Gaming in DNY (BVI) Limited, a newly formed British Virgin Islands company created to own and manage Dynasty's Mahjong marketing, operations and prepaid card activities in China. The remaining 12.5% interest in DNY (BVI) Limited will be owned by a company controlled by Angela Ho and Peter Kjaer. Both parties intend that DNY (BVI) Limited will have an initial capitalization of US$2,500,000.

Each unit ("Unit") will consist of one common share and one common share purchase warrant, each entitling the holder to acquire one additional common share at a price of C$0.75 per share for a period of two years. The Units will be issued pursuant to applicable prospectus and registration exemptions, and will be subject to a four-month hold period.

The Company intends to pay in cash an agent's commission equal to 7% of the gross proceeds resulting from subscriptions secured through agents.

The proposed private placement is expected to close in two tranches: the first closing is expected to take place on or about November 15, 2006, or such other date as agreed to by the parties; the second closing is expected to take place on or about December 7, 2006, or at such other date as agreed to by the parties. The closings of the proposed private placement are conditional upon receipt of all necessary approvals, including that of the TSX Venture Exchange and the satisfaction of other customary conditions.

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 77.5 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.