SOURCE: Earth Dragon Resources Inc.

Earth Dragon Resources Inc.

January 20, 2011 16:05 ET

Earth Dragon Resources Provides Corporate Update

TOKYO--(Marketwire - January 20, 2011) - Earth Dragon Resources, Inc. (OTCBB: EARH) (the "Company") is pleased to provide an update on recent corporate events.

Effective January 19th, 200 million shares of the Company's common stock were returned to the treasury. Prior to the cancellation, the Company had 454,480,000 shares issued and outstanding; therefore 254,480,000 million shares are now outstanding.

Management of the Company believes this better reflects the Company's true value as well as positioning Earth Dragon to undertake its future endeavors.

In related news, the Company wishes to advise that it has filed its quarterly financial report (Form 10-Q) for the period ending November 30, 2010 with the Securities & Exchange Commission.

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.

ABOUT EARTH DRAGON RESOURCES, INC. (OTCBB: EARH)
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.

ON BEHALF OF THE BOARD

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

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