SOURCE: Earth Dragon Resources, Inc.

Earth Dragon Resources, Inc.

February 04, 2011 16:05 ET

Earth Dragon Resources Provides Update Regarding Gold Prospects in Tanzania & Ghana

TOKYO--(Marketwire - February 4, 2011) - Earth Dragon Resources, Inc. (OTCBB: EARH) ("Earth Dragon," or the "Company") is pleased to provide an update on efforts underway in Tanzania and Ghana.

Earth Dragon is currently evaluating the development of a gold prospect in the Chunya Mining District of Tanzania. The property contains mineralized quartz veins averaging 100cm in thickness, with a shear zone as wide as 10m. Analysts for Earth Dragon anticipate the operation could produce between 6,000 and 9,000 ounces of gold per annum, with the potential to generate sales of $7.2‐10.8m. Projections are based on $1,200 per ounce predicted for the next 2 years. The Company further anticipates the development of an independent N.I.43-101 report to be completed in April 2011 detailing the resource asset and putting forward recommendations towards the optimization of production efforts at the Chisu Gold Project.

In Ghana, 35 people are presently engaged in excavating and sampling gold targets on the Concession focusing on previously identified hard rock vein deposits as an ongoing part of the Phase 1 Exploration Program at the Nkwanta Concession. The Company looks forward to the receipt of detailed assay results which are anticipated next week.

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 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
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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