Dragon-Tex (Group) Limited

Dragon-Tex (Group) Limited

January 10, 2006 17:58 ET

Dragon-Tex (Group) Limited: News Release

CALGARY, ALBERTA--(CCNMatthews - Jan. 10, 2006) - Dragon-Tex (Group) Limited ("Dragon-Tex" or the "Corporation") (TSX VENTURE:DTX) announces today, further to its news release of January 6, 2006 announcing the withdrawal the Auditors' Report dated August 16, 2004 on the Consolidated Financial Statements of the Corporation for the year ended March 31, 2004 by its auditor, Maldaner Crooks Watson, that the management of the Corporation, with the approval of its board of directors, is withdrawing its Management Report for the above referenced financial statements accordingly.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

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