SOURCE: Earth Dragon Resources, Inc.

Earth Dragon Resources, Inc.

January 21, 2011 09:05 ET

Earth Dragon Resources Issues Advisement

TOKYO--(Marketwire - January 21, 2011) - Earth Dragon Resources, Inc. (OTCBB: EARH) (the "Company") has determined in the interest of full public disclosure to advise of a pending dispute regarding the provenance and title of certain mining properties held as part of the recently announced joint venture with Netas Mining in Ghana, West Africa.

Earth Dragon's Management has been advised that a review has been requested by a claimant to determine the status of a previous claim to the property. The action will shortly be heard by the applicable jurisdictional agency in the matter. Given the extensive due diligence undertaken independently and respectively by Earth Dragon and Netas Mining, it is the opinion of Management that the action is frivolous and unwarranted and should be resolved as quickly as possible.

Company President & CEO Thomas Herdman comments, "We are closely following the situation of course, but are confident that Netas holds 100% title as represented. It's an interesting, but not uncommon situation when you find your discovery of such interest to others all of a sudden. Nonetheless, we take any action seriously and wanted to immediately assure the public of our confidence in the joint venture as well as pointing out that our current risk is negligible as no cash or other treasury issuances have occurred."

Earth Dragon Resources is diligently working to acquire a diverse portfolio of high quality end-stage mineral projects geared towards the development of near term production revenues. As a commercially prudent public issuer, the Company will always strive to keep the public apprised of all events and milestones significant to the growth of the Company.

Additional details regarding the Company and its agreements are filed as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database.

Earth Dragon Resources is a mineral exploration company with a strategic focus on the purchase, development and production of high quality end-stage gold projects in Africa.

Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.


Earth Dragon Resources, Inc.
Thomas W. Herdman, President & CEO

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