SOURCE: Drake Gold Resources, Inc.

April 23, 2008 12:30 ET

Drake Gold Resources, Inc. Announces an Estimated Shipment Date for Its Explorer 500

The Delivery of the Explorer 500 Is a Monumental Step Next to Securing Permits to Become a Junior Producer

ATLANTA, GA--(Marketwire - April 23, 2008) - As previously announced, a joint venture agreement between Drake Gold Resources (PINKSHEETS: DKGR) and AERO Mining Technologies guarantees the delivery to Drake's Georgia site an Explorer 500, manufactured by Dove Mining and Equipment in Thailand. Ken Jayne, President of AERO, recently traveled to Thailand to visit Dove's facilities and meet with their engineering team. Upon returning to the United States, Mr. Jayne was pleased to inform Drake its Explorer 500 has a planned shipping date of May 1, 2008. He went on to report that $10,000 of upgrades have been added to Drake's Explorer 500 at no additional cost. Mr. Jayne estimated delivery time would likely take approximately one month. Drake Gold Resources is pleased with this news and is eagerly awaiting the arrival of its Explorer 500 in Georgia on or around June 1, 2008.

President John Marconette remarked, "We are excited to learn our mining equipment will begin its shipment to Georgia in only a few short weeks. The arrival of this machinery will mark the completion of a crucial step in our plans to move this operation toward production. Our desire to coordinate the arrival with permit completion was to minimize any possible holdups due to delays in equipment arrival. The arrival of this equipment will enable Drake to begin showcasing the Explorer 500 in the very near future. The Dove mining equipment has generated a lot of interest for Drake and its partners on several different fronts."

Please use the following link to see the letter from AERO Mining Technologies regarding the shipment of the equipment to Georgia:

http://www.drakegold.com/docs/DKGR-Aero-Shippment-Letter-04-23-08.pdf

ABOUT DRAKE GOLD RESOURCES, INC.

Drake Gold Resources, Inc. is a development stage mining company that focuses on the exploration and production of precious metals. The Company has a distribution agreement for Dove Mining Equipment which has yielded several opportunities for expansion. Announcements will be made as details are made available.

For further information about Drake Gold Resources please visit our website at http://www.DrakeGold.com and blog at http://www.drakegold.blogspot.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. The reader is advised to read our full Legal, Disclaimer, and Forward Looking Statements by clicking here: http://www.drakegold.com/privacy_policy.asp.

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