SOURCE: Drake Gold Resources Inc.

March 07, 2006 14:50 ET

Drake Gold Resources Inc. Attends the PDAC in Toronto

CHICAGO, IL -- (MARKET WIRE) -- March 7, 2006 --Drake Gold Resources Inc. (OTC: DKGR) is pleased to announce that the company is attending meetings and presentations during the PDAC in Toronto.

The PDAC is one of the largest mining conferences and is held in one of the mining investment capitals of the world. The PDAC is expected to have the largest attendance since its inception in 1932 during the show, March 5-8, 2006. The conference main attendees are retail and institutional investors, fund managers, banking executives, brokers and analysts, senior mining executives, government representatives, convention delegates, and mining media.

The show will feature over 450 exhibitors. Promotional presentations are given during the Exchange Forum and all the prospectors display their maps and samples at the Prospector Tent. An Investment Forum that was on the first day of the show will give the investors a good overview of what's happening in this exciting industry. The Investors Exchange will feature: junior exploration companies, mid-size producers, major mining companies, stock exchanges, brokers and financial institutions with mining interests prospectors.

The convention sponsors include: Barrick Gold, The Grosso Group, TSX Group, Pricewaterhousecoopers, Gold Corp Inc., Deloitte, Newmont, TD Securities, Phelps Dodge Exploration Group, American Stock Exchange, SNC Lavalin Inc., Aur Resources Inc., IBK Capital Corp., 1984 Enterprises Inc., McCarthy Tetrault Mining Practice Group, Dundee Precious Metals, Cambior Inc., BMO Nesbitt Burns, GMP Securities, Macquarie North America Ltd., National Bank Financial, RBC Capital Markets, Scotia Capital, Gold Fields Limited, Alaska Structures, CHF Investor Relations -- Cavalcanti Hume Funfer Inc., Inmet Mining, Nayarit Gold, Adriana Resources Inc., Bema Gold Corporation, Forest Gate Resources Inc., Shore Gold Inc., Stornoway Diamond Corporation, StockHouse, Dundee Securities, Northern Securities Inc., Paradigm Capital Inc., Regent Mercantile Bancorp Inc., The Windward Agency and many more.

Clayton Smith, head of investor relations of Drake Gold Resources commented on the show, "being that we are in such early stages of this company we are so proud to be interacting with companies of these statue. The conference is an opportunity to meet with and find potential investors, financiers, additional joint venture partners, and begin building the name and credibility of DKGR into something great.

"We encourage anyone interested in the future of this company to attend, and we will be available to set up meetings to discuss the merits of this company and what the vision is for the coming months and years."

Current and future shareholders are encouraged to sign up for email updates on our new website to stay up to the minute on new releases, reports, interviews, industry news and market related information. The sign up is located under the main menu at http://www.drakegold.com.

Shareholder inquires and suggestions are welcomed and should be directed to the Drake Gold Investor Relations Team at the toll free # 1-888-601-9983 or internationally at 1-503-618-0370 or via email at info@novakcapital.com.

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 and the conflict with Iraq. 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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