Dynasty Signs LOI with SSI and GCN for Access To Gaming Market in Shanghai and Other Centres



    MONTREAL, January 31 /CNW/ - Dynasty Gaming Inc. (TSXV: "DNY")
("Dynasty") today announced the signing of a Letter of Intent with Sino
Strategic International Limited (Australian Stock Exchange: "SSI"), the owner
and operator of approximately 500 retail outlets in Shanghai, licensed by the
Shanghai Welfare Lottery Centre, where people are able to access a virtual
private network (VPN) offering various legalized games and lotteries. SSI is a
leading gaming company operating in China headquartered in Melbourne,
Australia with offices also in Hong Kong and Shanghai.

    This LOI confirms the intention of both companies to enter into a formal
contract during the next three months, under which SSI will distribute and
promote Dynasty's play-for-points version of Mahjong and other Asian games on
a VPN platform. It is also envisaged that SSI will distribute Dynasty's
Mahjong and other games through a gaming network now being developed by
GoConnect Ltd. ("GCN"), an SSI ASX listed subsidiary providing online payment
solutions in China via its exclusive partnership with Ezybonds, an online
payment solution provider.

    Dynasty's Chief Executive, Albert Barbusci, stated, "The immediate
advantage of this link with SSI is that we will participate as a content
provider and as the online operator of our games distributed via SSI and
through the GCN gaming network under development in one of China's major
cities. Players of Mahjong through these outlets will have an opportunity to
compete for seats at the World Cup of Mahjong event scheduled for late May,
2007 and jointly sponsored by Dynasty and the Macau-based Ho Group."

    To the extent that SSI is taking steps to establish retail outlets in a
number of other Chinese provinces, Dynasty will be able to participate in the
supply and operation of games in those locations as well. Dynasty has also
been offered an opportunity to become a strategic shareholder of SSI via a
private placement of 1 million SSI shares at market price. "Collectively, we
believe SSI's outlets will very quickly become a major distribution channel
for our games, a mechanism for generating World Cup of Mahjong players and a
source of considerable revenue potential," said Barbusci.

    Richard Li, Chief Operating Officer of SSI and Chairman of GCN commented,
"Chinese gaming opportunities represent a primary focus of our company. Over
the last 18 months, our activities have centred on the establishment and
staffing with our own personnel of retail gaming sales agencies in Shanghai.

    Our retail gaming network, providing Keno and Lotto games through POS
terminals, is the largest in China. We are excited about being able to add
Dynasty's Mahjong game, the most popular multi-player game played in China,
and potentially other Asian games to a range of products which will be offered
to our expanded network.

    Over time and resulting from our various expansion plans already
underway, we anticipate a scenario under which SSI, together with its GCN
subsidiary, and Dynasty will be able to serve an ever increasing share of the
China gaming market."

    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.

    Forward-looking Statements

    This press release contains certain forward-looking statements with
respect to the Corporation. These forward-looking statements, by their nature,
involve risks and uncertainties that could cause actual results to differ
materially from those contemplated. We consider the assumptions on which these
forward-looking statements are based to be reasonable, but caution the reader
that these assumptions regarding future events, many of which are beyond our
control, may ultimately prove to be incorrect.

    About Dynasty Gaming Inc.

    Through its wholly owned subsidiaries, Dynasty Gaming is aggressively
pursuing agreements with major companies in the People's Republic of China for
the development, marketing and distribution of government-approved online
applications for its proprietary mahjong software. Success to date includes
the establishment of a relationship with Beijing Junnet Science and Technology
Company Limited (www.junnet.cn), one of the largest prepaid card distributors
in China, for the marketing and distribution of prepaid cards for accessing a
play-for-points version of mahjong on sites in China. Dynasty has also entered
into a formal agreement with Sohu.com Inc. (www.sohu.com), one of China's most
widely used interactive online sources for information, entertainment and
communications incorporating a leading portal with more than 100 million
registered users. Additionally, Dynasty has developed a relationship with Sun
Media Investment Holdings Limited (www.chinasunmedia.com), China's largest
privately owned multi-media provider that represents a powerful channel
through which to create enhanced awareness of an online version of mahjong, a
national sport in China. An agreement also exists with Betex
(www.betexgroup.plc.uk), which further expands the range of distribution
channels through which Dynasty-sourced content will be marketed and managed in
China. Commencement of multi-site online play of Mahjong in China is expected
to begin by end-March 2007, subject to completion of a government-required
public test period. Competition for seats at a World Cup of Mahjong event,
scheduled for the second quarter of 2007 in Macau, PRC, will serve as an
incentive for a large universe of players.

    Dynasty Gaming's 91.6 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.

    About Sino Strategic International Limited

    Listed on the Australian Stock Exchange (Symbol: SSI), the Company,
through its wholly owned subsidiary China Entertainment Holdings Limited
(CEH), is primarily engaged in the development and management of gaming
opportunities in Shanghai and other Chinese centers. CEH is the largest retail
gaming sales agency operator in China and currently holds permits for 600
lottery gaming outlets in Shanghai. SSI can be referenced under
www.sino.com.au.

    About GoConnect Ltd

    Listed on the Australian Stock Exchange (Symbol: GCN), the Company is an
online media and communications company distributing a range of online and
mobile products and applications. Together with its parent company SSI, GCN
has established a strong focus in the Chinese gaming industry, initially in
partnering with an online payment solution provider Ezybonds exclusively for
the Chinese gaming industry, but is now also working to develop its gaming
distribution network in China. GCN can be referenced under
www.goconnect.com.au.




For further information:

For further information: Dynasty Gaming Inc. Albert Barbusci,
514-288-0900 Ext. 224 or Alliance Advisors, LLC Thomas Walsh, 646-415-8321 or
Sino Strategic International Richard Li, (61 3) 9629-6615

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DYNASTY GAMING INC.

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