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Dynasty Gaming Provide Update

23 March 2006

MONTREAL, Quebec -– (PRESS RELEASE) -- Dynasty Gaming Inc. ("Dynasty") (TSX Venture: "DNY") wishes to provide supplemental information relating to its announcement yesterday regarding a Letter of Intent with the Ho Group.

As indicated in yesterday's release, Dynasty intends to participate with the Ho Group in the formation of a new company, Ho Majiang, which will hold a licence for Dynasty's gaming software in China and create and promote game playing opportunities exclusively in that country through the use of prepaid cards. It is the intention of the parties to convert Ho Majiang into a publicly listed company ("PublicCo") as soon as possible.

Under the proposed terms of the non-binding Letter of Intent, Dynasty, through one of its subsidiaries or affiliates, will receive a 20% equity stake in PublicCo in exchange for the licensing of its intellectual property to PublicCo. This agreement is conditional upon the Ho Group identifying a company that is already listed, or that the Ho Group shall arrange to have listed, on the Hang Seng Exchange. Dynasty is not issuing any shares in this transaction and has no funding obligations going forward.

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