The GBGM - Minera Project lies approximately 100 kilometers west of the Aurelian gold district and 120 kilometers south of the IAMGold's multi-million ounce Quimsasocha deposit. Dynasty Metals and Minerals inc. holds a series of concessions surrounding the Muluncay concession and are preparing for an underground production decision on a number of major veins within their concessions. These three gold districts, known as the "Golden Triangle" are part of a regional epithermal mineralizing system which covers the southern half of Ecuador.

In Late December, the addition of the Santa Fe Mining Company mill facility initiated the opportunity to start processing ore both on an out-sourced contract basis as well as internal corporate basis. Structural and mechanical upgrades have been finalized to increase the milling input process. On January 20th, 2008 the mill began the production of ore at a rate of 70 tonnes per day, with a 90+% extraction estimation of 6-7 grams of Au per tonne. Final, onsite mechanical upgrades, including the installation of a larger capacity "ball-mill" should be completed by mid to late February, 2008 which would increase the capacity of this mill from 70 tonnes of ore per day to approximately 200 tonnes of ore per day. It is anticipated that the "state of the art" mechanical upgrades being implemented at the Santa Fe Mill will increase the recovery rate to almost 95% and 8-10 grams per tonne. The Company expects to be in positive cash flow with estimated revenue of approximately US$40,000.00 per day by that time, based on current international Au prices.

Once the GBGM Phase Two contractual obligations are completed, for the addition of the La Fatima mine, the addition of two more milling facilities and the Phase Three, final acquisition of the American Shaft, the Company anticipates that production will grow to approximately 1200 to 1400 tonnes of ore processed daily. GB Global Mining AG estimates an average Au extraction rate of 10 grams per tonne. Projected revenue, based on current international Au prices would then increase to approximately US$500,000.00 per day.