SOURCE: Earth Dragon Resources, Inc.

Earth Dragon Resources, Inc.

February 22, 2011 06:00 ET

Earth Dragon Resources Notes Positive Outcome in Ghanaian JV Dispute

TOKYO--(Marketwire - February 22, 2011) - Earth Dragon Resources, Inc. (OTCBB: EARH) ("Earth Dragon," or the "Company") wishes to provide an update regarding recent events affecting Earth Dragon's ongoing relationship with Netas Mining Company ("Netas") as held through its binding participatory agreement with 3rd party partners (Gravhaven Limited) granting the Company a working involvement in the exploration and development of certain prospective mineral concessions located within the prolific deposits of the Ashanti Gold Belt region of Ghana, Africa.

As previously announced, Earth Dragon had been advised of a dispute regarding the provenance and title of certain mining properties known as Nkwanta and Asuogya which make up the majority of the recently announced joint venture agreement with Netas.

The Company is very pleased to announce today that a judgment was granted in favor of Netas and the case proved to be frivolous. With this achievement, Earth Dragon Resources continues to finalize aspects of the joint venture and wishes to advise that the partners have commenced further negotiations towards the development of future mining opportunities in the region.

As part of the joint venture, Earth Dragon recently received a significant series of assay reports identifying highly prospective gold values from samples taken from the concessions in Ghana and the Company is looking forward to expedited exploration and development of these and other mineral prospects in Africa. To date, the joint venture partners have spent one million dollars on lab testing and geology on the current prospect lands in Ghana.

Additional details regarding the Company, it business, financial statements and 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 and development of high quality production-stage gold projects in Africa. The Company is currently developing highly prospective gold deposits in the Ashanti Gold Belt of Ghana and the Lupa Goldfield in the Chunya Mining District of Tanzania with plans to expand ongoing exploration and mapping efforts to include pilot plant production. For more information visit:

Notice Regarding Forward-Looking Statements
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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