SOURCE: Earth Dragon Resources, Inc.

Earth Dragon Resources, Inc.

March 02, 2011 06:00 ET

Earth Dragon Resources Undertaking New Technical Study of Chisu Gold Project, Tanzania

TOKYO--(Marketwire - March 2, 2011) - Earth Dragon Resources, Inc. (OTCBB: EARH) ("Earth Dragon," or the "Company") wishes to provide an update regarding efforts underway at the Company's Chisu Gold Project ("Chisu") in Tanzania, Africa.

Earth Dragon has engaged an independent contractor to develop a current National Instrument (N.I.) 43-101 compliant engineering report for its joint venture gold property in Tanzania. The Company recently disclosed a previously published report commissioned by a third party in 2009 which provided Earth Dragon invaluable data that has greatly assisted in the determination of overall viability for the joint venture with Chisu.

The earlier report contained significant and highly encouraging data including details of previous regional efforts by Barrick Exploration Africa during 2000. The Chisu Gold Project consists of a contiguous area encompassing gold deposits in the Chunya Mining District straddling part of SW and Eastern Tanzania over an area of approximately 60 hectares in a region known as the Lupo Goldfields where gold was mined between 1922 until about 1962. The average ore grade during the known production period was 13.4g/t. The gold occurs in quartz veins ranging between 30‐180cm in width. The region has been indigenously mined for over 40 years with recent studies revealing the underlying geology with increasing accuracy and detail.

The newly commissioned assessment will utilize the latest scientific and technical methods to identify, validate and estimate the extent of gold mineralization present throughout the Chisu property. Company Management has elected to undertake this comprehensive study of the property as its first priority in Tanzania in order to develop an effective work program for 2011 aimed at determining the most efficient means to progressively move towards pilot production and eventual commercial production.

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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