SOURCE: Earth Dragon Resources, Inc.

Earth Dragon Resources, Inc.

February 16, 2011 06:00 ET

Earth Dragon Resources Summarizes Initial Results at Nkwanta Gold Project, Ghana

TOKYO--(Marketwire - February 16, 2011) - Earth Dragon Resources, Inc. (OTCBB: EARH) ("Earth Dragon," or the "Company is pleased to provide a summary of the initial sampling program and resultant assay report provided by joint venture partner Netas Mining Company Limited ("Netas Mining") as it pertains to the Nkwanta Concession mining project in Ghana.

As previously announced, historic workings at the Golden Arrow, Chief, D10, Little D10, Scorpion and Ankobra quartz veins were examined with a total of 309 grab and channel samples and 290 auger samples collected during 2010. Virtually all results were anomalous for gold and included some very favorable values.

A number of best selected values and sources are provided below:

Sample    Vein   Au ppm
8   Golden Arrow   1579.000
11(P4)   Golden Arrow   208.360
16(P6)   Golden Arrow   123.840
14(P5)   Golden Arrow   116.640
17(P6)   Golden Arrow   95.560
5(P2)   Golden Arrow   45.450
8(P3)   Golden Arrow   45.270
Sample    Vein   Au ppm
D151   Chief   163.560
D113   Chief   42.170
D26   Chief   33.625
D72   Chief   28.930
D16   Chief   25.215
Sample    Vein   Au ppm
141535   D10   110.790
167836   D10 South   65.880
D53   D10   55.395
141528   D10   36.550
141522   D10   27.070
D86   D10   27.000
D10   D10   23.945
D77   D10   20.930
D133   D10   20.330
Sample    Vein   Au ppm
D141   Little D 10   11.215
D143   Little D 10   4.500
D145   Little D 10   3.550
D49   Scorpion   2.540
D8   Ankobra   1.490

As shown above, the initial results from the sampling program at the Nkwanta concession offers very encouraging results with numerous selected gold assays ranging from over 20ppm and with many showing values well over 200 ppm and with at least one verified instance reaching 1,579 ppm (1,579 g/t).

Given these favorable results, the Company is determined to move ahead in the development of a pilot production facility in order to accomplish a number of goals. The first target will be to generate revenue from the pilot plant in order to achieve a level of reinvestment and cash flow adequate to accomplish the ongoing goal of continued exploration and the further development of the property into a commercially viable mine.

Mr. James Park, a Company Director and noted professional geologist comments, "The multiplicity of gold-bearing veins exhibited by the initial sampling at the Nkwanta Project in Ghana is very positive for the development of substantial production of material in the range of 10 to 20 gm/T Au. More detailed geologic mapping is now needed to guide development drilling to delineate the higher grade ore zones and expedite mine planning. In this historic gold field, it is my opinion that the earlier owners have only realized a small percentage of its possible ore potential."

Additional details regarding the Company, its business 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 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: www.earthdragonresources.com.

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.

ON BEHALF OF THE BOARD

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

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