SOURCE: Drake Gold Resources, Inc.

November 28, 2007 15:18 ET

Drake Gold Resources, Inc. Releases Comprehensive Corporate Development Strategy

With the Help of Vetted IPO Analyst Francis Gaskins, Drake Gold Resources Management Has Revised Model and Strategic Plans in Preparation of Release of the Full Business Plan in the 1st Quarter

PORTLAND, OR--(Marketwire - November 28, 2007) - Drake Gold Resources (PINKSHEETS: DKGR) has with the November 20th announcement of updated financial information implemented a comprehensive corporate development strategy. Continuing with the Monday, November 26 press release detailing its stock cancellation, management has already showed a dedication to the precepts of the plan.

The preliminary sections are detailed on the company website in the following URL:

The sections include:

--  Executive Summary - Condenses the Drake Gold Resources business model.
--  Operation Strategies - Details how management intends to implement
    this Model.
--  Corporate Roster - Describes the expertise convened to ensure
--  Financial Compliance Formula - Provides the framework for the
    company's advance toward a senior listing.
--  Mining Formula - Protocol for the development of precious and base
    metal projects.
--  Petrol Formula - Protocol for oil and gas project development
--  Code of Ethics - Enumerated responsibilities for Drake employees and



Francis Gaskins, a seasoned financial analyst, is noted as the Internet's most experienced, analytical web cast producer, interviewer and leading provider of independent IPO research for professional money managers and individual investors.

Mr. Gaskins is a regular contributor to Bloomberg TV and CNBC where he provides insight on pending IPOs. He also hosts the show IPO Hardball that covers a variety of IPO stocks. The oft quoted analyst's influence extends to his widely read website (One of 'Forbes Best IPO Sites'), numerous video productions as well as a variety of articles and opinions published in the nation's financial media including the Wall Street Journal, Dow Jones Business News, Dow Jones Newswires, Reuters, USA Today and

Francis Gaskins is a graduate of both Harvard University, where he earned a Masters of Business Administration (Finance), and of Princeton University, earning an A.B. in Economics. As a seasoned team leader, his extensive experience in sales, marketing, pre-IPO financial analysis and valuations, fund raising, forecasting and budgeting, strategic modeling, general ledger and preparation of financial statements, will prove to be invaluable for Drake Gold Resources as it expands its business plan and prepares for subsidiary IPO Drake Oil and Gas.


Drake Gold Resources, Inc. is in the midst of creating a diversified natural-resource holding company, with a portfolio of precious and industrial metal-producing mines, as well as the creation of an oil/gas subsidiary.

Diversification, as well as innovative exploration tactics, are part of an overall strategic plan being carried out by the company's formidable team of natural-resource development executives. Diversification plans include the development of gas, oil, gold, silver, and industrial-metal producing projects. For further information about Drake Gold Resources please visit our website at

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. Based upon industry standards Drake would be considered highly speculative. Additional risks to consider and that may apply: failure to meet financial and contractual obligations, managerial errors made due to the Company's limited experience and knowledge of the industry, commodity risk, acts of God and regulatory risk. 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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