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Perth, Nov 30, 2011 (ABN Newswire) - Further to the announcement on 13th May 2011 that Dynasty Metals Australia Limited (ASX:DMA) ("the Company") had reached a JV agreement with China Coal Geology Engineering Corporation ("CCGEC") for Dynasty to farm-out its non-core base metal tenements, the Company is pleased to advise that CCGEC has received approval from the Foreign Investment Review Board (FIRB) allowing the JV to be able to proceed. Formalities are expected to be completed shortly.

This is a further step to enable the Company to focus on its flagship iron ore project in Pilbara.

Contact

Michael van Uffelen
CFO and Company Secretary
Dynasty Metals Australia Limited
Ph: +61-8-9426-8999
Fax: +61-8-9426-8900
Email: admin@dynastymetals.com.au
http://www.dynastymetals.com.au



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