Dynasty Gaming, Golden Palace Sign Deal - Sunday 12th of March 2006

NEW YORK – Dynasty Gaming Inc. (TSXVenture: "DNY"), a global online gaming sector leader with a first-to-marketaggregate player, cash-wager version of Mahjong, today announced the signingof a contract with Golden Palace Limited. The contract, through Dynasty'sMahjong Systems Limited subsidiary, covers the installation and payment ofroyalties for the Company's Mahjong Mania gaming software. Mahjong isacknowledged as the world's most widely played game.

The Golden Palace contract is the seventh contract signed by Dynasty's MSLunit since marketing of the gaming software began in 2005 and it comes only afew weeks after a cash-wager version of Mahjong Mania was launched on theLadbrokes' online sports betting site.

Dynasty Chief Executive Albert Barbusci stated, "We are delighted to haveentered into an agreement with Golden Palace, particularly as it is one of theworld's leading online casino operators with a very substantial North Americanclient base. This represents a win for their customers as well as for ourcompany. We recognized from the outset of our marketing efforts that signingcontracts with even a small number of leaders in the online gaming sectorwould generate a broad interest for our gaming software amongst a wide rangeof online casino and sports betting operators."

"The increased level of enquiries we have received in recent weekssuggests that this wider interest is beginning to show itself," continued Mr.Barbusci. "The signing of Golden Palace, coupled with the recent signing ofLadbrokes, clearly illustrates the increasing demand for a cash-wager versionof Mahjong."

Richard Rowe, Chief Executive of Golden Palace Limited, said, "Ourresearch has shown the importance of continually adding quality gamingproducts to our mix of cash-wager offerings. We are confident that demandexists within our client base for an online version of cash-wager Mahjong,already the most widely played game in the world. It is our intention to havethe game installed and ready for play within the next three months."

Mahjong Mania is the first-to-market version of an online, aggregate,cash-wager Mahjong game. Dynasty Gaming, through MSL, derives income fromsoftware licensing fees as well as a royalty or share of rake from each gameplayed on the sites of those operators licensing the Mahjong Mania software.Dynasty's 76.9 million common shares are widely held by U.S., U.K. andCanadian investors.

The TSX Venture Exchange does not accept responsibility for the adequacyor accuracy of this release.

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