Ethical Standards for Dynasty Oil & Gas Inc.

• Obey the law � we will conduct our business in accordance with all applicable laws and regulations.
  
  
• Promote a positive work environment � we will endeavour to ensure that all employees feel respected and are treated with dignity.
  
  
• Make accurate disclosures in all periodic reports and documents filed, and other public communications, must be full, fair, accurate and timely.
  
  
• Avoid illegal and questionable gifts or favours to a person or entity with which Dynasty does or seeks to do business -- all gifts and favours should be specifically approved by Management.
  
  
• Conflict of Interest � Employees must avoid any relationship, influence or activity that might impair, or even appear to impair, an employee's ability to make objective and fair decisions when performing their job. Some examples of conflict could include: employment by a competitor; acceptance of gifts, payment, or service from those seeking to do business with Dynasty Oil & Gas Inc. or having a personal interest or potential gain in any company transaction.
  
  
• Keep proprietary and private information documents protected and secured.