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Asian Dragon Group Inc., Reports on Mining and Exploration Operations at the Jinjishan Gold Mine

Posted on: Tuesday, 28 November 2006, 03:00 CST

Asian Dragon Group Inc., (OTCBB:AADG) (Frankfurt:P2J1 WKN: A0KE7Z) reports significant progress is being made on both its mining and exploration operations at the recently acquired Jinjishan Gold Mine, the first key acquisition in Asian Dragon's Project Luogold.

Mr. Christian Derosier, P.Geo, President of CDGC Inc., a world renowned geology and mining company and Asian Dragon's recently appointed independent qualified person, is finalizing detailed reports from his recent visit and review of the Jinjishan Gold Mine. Asian Dragon continues to mine and explore a new tunnel now reaching 150m into its anticipated final depth of 770m. The tunnel cuts across three significant and documented veins. Additionally the exploration program being conducted within Asian Dragon's exclusive exploration license has recently drilled through three heavily mineralized zones. New samples from the mining and exploration sites were obtained by Mr. Derosier and have been submitted to the Chemex Laboratory in North Vancouver, Canada, for further testing.

Earlier samples taken from Asian Dragon's Jinjishan Gold Mine were tested at both the Luoning Laboratory in China and at the Chemex Laboratory. The results below:

Property

Sample #

Luoning Lab Au g/T

Luoning Lab Ag g/T

Luoning Lab Cu g/T

Sample Loca-tion

Chemex

Lab Au

g/T

Chemex Lab Ag

g/T

Chemex Lab Cu g/T

Jinjishan

26368 

3.50 

55.00 

.01 

Tailings

3.71 

49.00 

.03 

Jinjishan

26369 

34.70 

36.00 

0 

Vein F4

39.00 

32.00 

.22 

Jinjishan

26370 

30.90 

463.00 

Vein F6

31.90 

483.00 

.32 

Jinjishan

26371 

31.11 

241.00 

Decline

38.1 

237.00 

.05 

Jinjishan

26372 

7.30 

81.00 

Vein F9

7.37 

70.00 

1.81 

About Asian Dragon

Asian Dragon was established to focus on China's explosive precious metals reserves and markets and to become one of China's largest foreign gold and precious metals producers though a series of joint ventures and mine and property acquisitions.

Key relationships in China are enabling Asian Dragon to capture business opportunities as the Chinese Government continues to privatize many of their industries, enabling local and foreign investment to fill the void left by the Government ministries. Asian Dragon takes advantage of an identified niche opportunity in the Gold Mining Industry of China, where the Chinese Government has withdrawn the military from Gold Mining and set up the Gold Bureau to continue Gold Mining on an international scale.

Long standing relationships with the Gold Bureau have provided Asian Dragon with the exclusive opportunity to commence due-diligence on several advanced Chinese Gold Mining Projects in one of the Country's most well-known and prolific mineral production regions, the Xiaoqinling Region, where hundreds of small and dozens of medium to large mines are actively mining gold and various other precious metals and minerals. Earlier companies which acquired smaller advanced mining projects have since proven out positively and have succeeded in turning themselves into billion dollar market-cap opportunities. Two recent examples are Hong Kong listed Lingbao Gold Co. and Toronto Stock Exchange listed Silvercorp Metal Inc. both of which have major projects in the Xiaoqinling Region.

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.

Source: Business Wire

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