Black Dragon Commences a Program to Re-Open 43 Wells at Caddo Lake Property Originally Drilled By Gulf Oil Company; Will Add Approximately 7500 Barrels of Month in Production

Black Dragon Resource Companies, Inc. (OTCPK:BDGR) announced today the commencement of a program to re-enter and rework 43 wells previously shut in on its Caddo Lake property. These wells, originally drilled by Gulf Oil Company will be re-opened to add to the production of approximately 1800 barrels per month from the wells on the lake that have been previously drilled. The company hopes to reestablish production at the rate of 10 wells per month and anticipates production of 4 to 7 barrels of oil per day from each well. This would add at least 250 barrels per day when the project is completed, or 7500 barrels per month.

This project will be carried out simultaneously with the Company’s program of drilling new wells on the lake and the completion of the gas gathering system on the Caddo Lake property previously announced. Gemini Exploration, Inc. the operator of the property has sufficient barge loaded equipment and crews in place to conduct all three projects.

About Black Dragon:

Black Dragon Resource Companies, Inc. is oil and gas production company focused on the acquisition of mature, producing and existing U.S. oil and gas fields. The Company’s focus on mature, domestic oil fields eliminates exploration risk, reducing costs, and provides immediate generation of income in a niche market where larger independent and major oil companies are not positioned to compete.

Forward-Looking Statements

Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company’s inability to accurately forecast its operating results; the Company’s potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company’s business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.