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Silver Dragon Resources Inc. Receives Certificate of Approval By Ministry of Commerce, China Granting Equity Transfer in Sanhe Sino-Top Resources and Technologies Ltd.

Posted on: Thursday, 28 September 2006, 15:00 CDT

Silver Dragon Resources Inc. (OTCBB: SDRG) is pleased to announce receipt of the Certificate Of Approval for the Establishment of Enterprises with Foreign Investment in the People's Republic Of China from the Ministry Of Commerce ("MOC"). Silver Dragon is now officially recognized by the MOC and has the MOC's approval for the transfer of Sino Silver Corp.'s 60% equity interest in Sanhe Sino-Top Resources and Technologies Ltd. ("Sino-Top"). Silver Dragon intends to complete the final closing of the transaction with Sino Silver Corp. upon receipt of the business license at the local industrial and commercial administration in Langfang City, China within the next few weeks.

"This is a significant achievement and development for Silver Dragon and we are excited to now include the equity interest in Sino-Top as a main asset in our portfolio," said Marc Hazout, President and CEO of Silver Dragon. "The Erbahuo Silver District is one of the most prolific silver districts in the world and Silver Dragon will now officially participate with its interest in over 240 square kilometers of property."

About Silver Dragon Resources Inc.

Silver Dragon Resources Inc. is a mining and metal company focused on the exploration, acquisition, development and operation of silver mines in proven silver districts globally. Silver Dragon's objective is to acquire silver mining assets that contain promising exploration targets, have highly leveraged, out-of-the-money silver deposits, and/or are producing properties with significant untapped exploration potential. It is management's objective to grow Silver Dragon into a significant silver producer by developing the Cerro las Minitas and the Erbahuo projects in Mexico and China, respectively. For more information, please visit the Company's website at: www.silverdragonresources.com (now available in Chinese).

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

 Contact: Silver Dragon Resources Inc. Marc Hazout (647) 286-8587 info@silverdragonresources.com

SOURCE: Silver Dragon Resources Inc.

Source: MARKET WIRE

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