SOURCE: Black Dragon Resource Companies, Inc.

October 11, 2007 08:00 ET

Black Dragon Announces 9 Months Gross Revenue of $2,420,359.55

OIL CITY, LA--(Marketwire - October 11, 2007) - Black Dragon Resource Companies, Inc. (PINKSHEETS: BDGR) ("the Company," "the Dragon") announced today its first three quarters of gross revenue for this year totaled $2,420,359.55.

1st Quarter was $674,430.67
2nd Quarter was $770,389.85
3rd Quarter was $975,539.55

Black Dragon is very optimistic the company will produce 22,000 barrels of oil in the 4th quarter. This production will give Black Dragon over 4 million dollars gross revenue for the year of 2007. Meeting the goal of producing 22,000 barrels of oil will be a great accomplishment for Black Dragon, if it is reached.

Secondly, Management is in negotiation with a foreign corporation for a capital infusion into Black Dragon. If this transaction is completed, Black Dragon will be on its way to the next phase of a well-established oil and gas producer.

About Black Dragon:

Black Dragon Resource Companies, Inc. is an oil and gas exploration and production company currently focused on the acquisition of mature, producing and existing domestic oil and gas fields. This focus has eliminated exploration risk, reduced costs of completion, and provided rapid generation of income in a niche market where larger independent and major oil companies are not positioned to compete. Black Dragon intends to recomplete additional shallow producing wells and to expand its focus to include drilling of new wells some to deeper levels and to purchase additional leases.

Forward-Looking Statements:

Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although Black Dragon believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties, including, but not limited to, the continued production of gas at historical rates, costs of operations, delays, oil and gas reserves and revenues to be derived therefrom, plans to drill additional oil and gas wells, acquisition of additional oil or gas leases, maintaining mineral lease rights, continued maintenance of the oil field and properties, price of oil and gas, marketing and sales of oil and gas produced, government regulation, future financial and operational results, competition, general economic conditions, and the ability to manage continued growth. In addition, the Company's ability to produce audited financial statements, its ability to accurately forecast its operating results, and its ability to achieve profitability or generate positive cash flow are uncertain. Black Dragon assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. Readers are cautioned not to place undue reliance on these forward-looking statements.

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