SOURCE: Drake Gold Resources Inc.

October 12, 2006 16:54 ET

Drake Gold Resources Announces the New Corporate Location, Pay Dirt News Article, Audio Interviews and Signing Up for Email Newsletter

PHOENIX, AZ -- (MARKET WIRE) -- October 12, 2006 -- Drake Gold Resources, Inc. (PINKSHEETS: DKGR) is pleased to announce the move to a New Corporate Location, the Pay Dirt News Article, the Audio Interviews and signing up for Email Newsletter.

NEW CORPORATE LOCATION
Drake Gold Resources Inc. (DKGR)
7150 East Camelback Road,
Suite 455
Scottsdale, AZ 85251
Office: 480-467-4469
Clayton Smith, interim CEO and President, said, "The new office will give us a central location in between our operations in Arizona and directly connected to the mining industry in this area. Many of our strategic partners are in this area and we will be able to focus on building our cash flow projects with a direct connection."

PAY DIRT (REGISTERED) NEWS ARTICLE

Drake Gold is pleased to announce the release of a printed article in the Arizonian mining publication Pay Dirt (Registered). We have copied the article for investors to see at our website: http://www.drakegold.com

DRAKE GOLD RESOURCES AUDIO INTERVIEWS

Drake Gold Resources is pleased to announce the genesis of corporate audio interviews. Drake Gold Resources will use this tool to mass communicate to the shareholders. There will be interviews with key management and updates as more news is published. This way the company can maintain its goal of complete transparency and make sure investors know what the complete picture is.

Today we are pleased to offer two interviews (interviews may sound a bit distorted, transcripts will be made available shortly). The interviews will be posted on the website: http://www.drakegold.com

--  Clayton Smith, Interim CEO and President
--  Dan Patch, Land Owner of the Jackpot and Copperstone Mines
    
John Marconette, a member of the board of directors, said, "Drake Gold is pleased to update shareholders with continued progress on our mining operations via the new planned interviews and give insight on the valuable relationship with Dan Patch, land owner of the Jackpot Placer Project. Mr. Patch's expertise in this area and his support on our project will prove to be very valuable for Drake Gold and its shareholders."

EMAIL UPDATES

Current and potential shareholders are encouraged to sign up for e-mail updates. The new Company website provides current news releases, reports, interviews, industry news and market related information. To sign up, click on the link located under the main menu at www.drakegold.com.

ABOUT DRAKE GOLD RESOURCES, INC.

Drake Gold Resources Inc. (DKGR) is an early-stage mining and energy company that focuses on the exploration and production of precious metals and energy, such as petroleum and coal. Drake Gold has acquired the rights to the Jackpot Placer Project (JPP) in a southwestern section of Arizona. Estimated reserves on the JPP are 205,000 oz. Operations to recover gold are planned as soon as possible.

DKGR intends to be a diversified company by operating in the natural resource, petroleum, and alternative energy markets. As a result of ever-increasing scarcity, the market for natural resources is clamoring for diversification and innovative exploration tactics. Potential opportunities for diversification include gold, silver and other minerals in areas such as Arizona, Oregon, Alaska, British Columbia, the Yukon Territories, and other affiliated sections throughout gold districts in Northern Mexico. Drake Oil & Gas division has prime targets extending from South Texas to the Barnett Shale in Texas, from California to Louisiana.

This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.

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