SOURCE: Black Dragon Resource Companies, Inc.

July 18, 2007 08:00 ET

Black Dragon Publishes 2005 & 2006 Unaudited Financial Reports on Website

OIL CITY, LA--(Marketwire - July 18, 2007) - Mr. Joe Lanza, President of Black Dragon Resource Companies Inc (PINKSHEETS: BDGR), announced today that the unaudited financials for 2005 and 2006 have been posted on Black Dragon's website: WWW.BLACK-DRAGONOIL.COM

Black Dragon also hopes to be current with the Pink Sheets by the end of the week, allowing the upgrading of company information, including the financials. Management also pointed out that Malone and Bailey have re-sent their acceptance letter and Black Dragon will be sending the second payment this week to them.

Yesterday marked the six month anniversary of Joe Lanza becoming President of Black Dragon. "I'm sure many investors are asking: 'What has been accomplished in this period of time?' I believe that these items effectively answer that question," stated Mr. Lanza.

1. The Company has upgraded the Board of Directors, with more directors to follow.

2. The Company has published two years of its financials.

3. The accounting firm of Malone & Bailey has started the audit.

4. Sales have increased in 2007 for the first 6 months, compared to 2005 and 2006.

5. Black Dragon has drilled new oil wells, which are producing.

6. The company has drilled four new salt-water wells, all of which have been approved.

7. The Company has greatly reduced its cost of operations through the use of better accounting.

8. Current management has increased the company's quarterly revenues.

9. Nearly 300 new oil & gas wells have been put online.

Mr. Lanza also outlined the goals for the rest of the year:

1. BDGR stock price close to one dollar.

2. 900 wells pumping.

3. A new PV10 based on 600 wells pumping, with an additional 200 wells nearing completion.

4. A positive cash flow.

5. Over 1,000 barrels a day being produced.

6. Management purchasing back ten percent of outstanding stock.

7. Bring in more qualified oil industry personnel.

These are Black Dragon's goals. Mr. Lanza invites anyone to make suggestions on additional goals.

About Black Dragon:

Black Dragon Resource Companies, Inc. is an oil and gas production company currently focused on the acquisition of mature, producing and existing domestic oil and gas fields. The Company's present focus on mature, domestic oil fields eliminates exploration risk, reduces costs of completion, and provides rapid generation of income in a niche market where larger independent and major oil companies are not positioned to compete.

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 the Company 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. Readers are cautioned not to place undue reliance on these forward-looking statements. 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, and any perceived benefits from existing oil and gas field properties, actual reserves and revenues to be derived from the reserves, plans to drill additional oil and gas wells, anticipated revenues, the acquisition of additional oil or gas leases, maintaining mineral lease rights, difficulties related to producing oil and gas, continued maintenance of the oil field and properties, price of oil or gas, marketing and sales of produced minerals, risks and effects of legal and administrative proceedings and governmental 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; its ability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with its business are uncertain. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

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