Asian Dragon Group Provides Update On Project Luogold's Mineral Properties Indicating Multi-Million Ounce Gold and Silver Potential.LUOYANG, China -- Asian Dragon Group Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AADG AADG Association Amis De Georges ) (FWB (Fixed Wireless Broadband) See fixed wireless. :P2J1) (WKN WKN Wertpapier-Kenn-Nummer (identifying number assigned to securities traded in Germany) WKN Warrior Knowledge Network (US Army) :A0KE7Z) is pleased to provide this updated summary on its activities in China and the expansion of Asian Dragon's Project Luogold's growth to over 11 million potential Gold ozs and 200 million oz+ Silver equivalent deposits. Asian Dragon anticipates current quarter results to provide further updates on proven reserves as historic results have been mainly based upon results provided by Henan Geological Survey The term geological survey can be used to describe both the conduct of a survey for geological purposes and an institution holding geological information. A geological survey No. 1 team, being the same group providing all initial and historic mineral results to both Asian Dragon and TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension Listed Silvercorp. Property 1: Name: Jinjishan Gold Mine Location: Henan Province, China The Jinjishan Property consists of one 28.3 sq km Exploration License Area which is contiguous. Its geographical coordinates are comprised within the following perimeter: Longitude 111[deg]19'30" E to 111[deg]24'00"E Latitude 34[deg]22'00" N to 34[deg] 25'00" N. The closest important city is Luoning. Luoning is situated at about 1300 km WNW WNW abbr. west-northwest Noun 1. WNW - the compass point midway between west and northwest west northwest of Shanghai, 1300 km SSW SSW abbr. south-southwest Noun 1. SSW - the compass point midway between south and southwest sou'-sou'-west, south southwest of Beijing, 270 km west of Zhengzhou the provincial capital Noun 1. provincial capital - the capital city of a province capital - a seat of government city, metropolis, urban center - a large and densely populated urban area; may include several independent administrative districts; "Ancient Troy was a great city" and 130 km west of Luoyang, the prefecture of the Luoning County. Access to the Jinjishan Property is provided on a 120km large paved road which runs southwesterly south·west·er·ly adj. 1. Situated toward the southwest. 2. Coming or being from the southwest. south·west to the city of Luoning. From Luoning, a paved road leads southwesterly to the town of Changshui and from that locality, a recently paved road leads northwesterly north·west·er·ly adj. 1. Situated toward the northwest. 2. Coming or being from the northwest. north·west to the Jinjishan village and then to the Jinjishan mining site. The distance from Changshui to the property is approximately 10 km. This road also links Luoning to Lushi, another important city to the southwest. The Chinese government Ever since Republic of China founded in January 1st, 1912, China has had several regional and national governments. List
Interest: 70% (through Joint Venture) Resources (measured - indicated - inferred): There are 16 known gold veins already located on the property. Inferred Mineral Resources Noun 1. mineral resources - natural resources in the form of minerals natural resource, natural resources - resources (actual and potential) supplied by nature for the F3-F10 Veins have been estimated to 1,271,920 tonnes grading 9.66 g/T Au. From these resources, the total contained gold is 12,287 kg (358,363 ozs) Gold. Asian Dragon anticipates further exploration activity will significantly increase these resources. Reserve: Production: (completely serviceable/to modernize/to create-Costs of the modernisation/construction) Completely Serviceable-To Modernize Infrastructure: (complete/to modernize/to create-Costs of the modernisation/construction) Complete/To Modernize. Asian Dragon has purchased the concentration mill and administration buildings The Administration Buildings are a historic site in Boca Raton, Florida, United States. They are located at 2 Camino Real. On June 27, 1985, they were added to the U.S. National Register of Historic Places. which include the offices and living quarters for the onsite workers. The purchase includes the surface rights over the surrounding area which can be used for further expansion of building structures. The concentration mill and associated buildings are very accessible since a 2 line paved highway travels through this area. The mill is a refurbished 100-120 t/day mill with all the required facilities (road, power, etc.) already in place, whereas Silvercorp is building a new 600 t/day mill and all the required facilities for CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. $13.5M. The cost of just the plant itself is already $3.36M for Silvercorp. To build a new mill, a company must also apply for a license, whereas, with the existing mill, Asian Dragon already holds a license. Tunneling work and drilling work is contracted out to qualified companies, all certified with the required licenses to work within China. Jinjishan management utilized a bidding process to obtain the best cost structure prior to awarding the contract. The company handling the tunneling job is also one of the companies engaged by Silvercorp to work on their Ying Silver Project. Plans have been laid out by Jinjishan management to conduct work that shall produce ore for the mill and put it back into full production by the 2nd quarter of 2007. Huashiyan Zone Adit adit (ăd`ĭt), in mining, underground passage excavated nearly horizontally, with one end open to the earth's surface, usually used to service a mine. The adit end is the furthermost end from the surface, i.e., the location where miners work. work continues on the 770m Tunnel. The tunnel is 2m high by 2.2m wide and a total of 470m has now been completed. This includes the 280m direct drive that has crossed 3 veins as planned and encountered 2 other smaller narrow veins. The work now focuses on the vein crossing at 250m where the adit turns parallel to the vein going east for 60m and west for 130m. The width of this vein is measured from 0.6m to 1.3m. Chip samples have been taken from a number of locations along this vein for assay, results of which will be available shortly. Zhuyuanmao Zone A 2 hole drill program has been initiated to test for the extension of 5 veins exposed on the surface with an outcrop. These veins were recently discovered while conducting geological survey work which was not previously done for this zone. The first drill hole has been completed at a depth of 301m and the second drill hole is currently at a depth of 260m. The 2 drill holes are 50 metres apart and the second drill hole is located further from the outcrop at a lower elevation of 25 metres. Liushugou Zone Preparation work has begun for the 788m Tunnel. Workers have started clearing the area in preparation for the planned drive of 500m. This tunnel is located at an elevation of 788m and starts at a 20 degree slope, before leveling off after 120m. The plan is to cross through 4 veins at depth to test for the extension where previous mining has taken place near the surface. Property 2: Name: Shizhaigou Gold Mine Location: Henan Province From the city of Luoning, the property is accessible by an all weather paved road to the village of Changshui (Hu Chih Kou) over a distance of 40 km, then by a 19 km unpaved road. The Shizhaigou Property is located approximately 1.5 km from the Jinjishan Property. Interest: 70% (through Joint Venture) Resources (measured - indicated - inferred): There are currently 17 known and evaluated heavily mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. veins on the property and many more veins are expected to be discovered as exploration activity increases. In addition to excellent gold numbers the veins also contain other valuable metals such as Silver, Copper, Lead and Zinc. Testing on eight of the veins already indicate 8,056,250 tonnes of ore with an average gold grade of 6.35 g/T for gold totaling over 51 tonnes. More detail can be found on the table listed below: [TABLE OMITTED] Reserve: Production: (completely serviceable/to modernize/to create-Costs of the modernisation/construction) To Modernize. Two roll mills on site which produce at 5 tonnes per day. Infrastructure: (complete/to modernize/to create-Costs of the modernisation/construction) To Modernize. The Shizhaigou Property is being artisanally mined and is operating two roll mills. Property 3: Name: Loning Gold Mine Location: Henan Province The Loning Property consists of a 9.1 sq km Exploration License and is located 2 km Southwest of the Jinjishan Property. Interest: 70% (through Joint Venture) Resources (measured - indicated - inferred): Reserve: Production: (completely serviceable/to modernize/to create-Costs of the modernisation/construction) To be further established. The Loning, Jinjishan and Shizhaigou properties provide Asian Dragon with over 11 million potential gold ozs according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. local Chinese reports located within close proximity to its wholly owned and licensed Luogold Mill. Infrastructure: (complete/to modernize/to create-Costs of the modernisation/construction) To be further established. Easy access to Mine via the paved highway that runs East/West of the North side of Luoning County. Property 4: Name: Lingbao Jinshan Gold Mine Location: Henan Province The Lingbao Jinshan Property is situated within the jurisdiction of Lingbao City and is approximately 125 km from the Jinjishan Property. Interest: 70% (through Joint Venture) Resources (measured - indicated - inferred): Grades of veins ranging from 7.09 to 13.61 g/t, the average grade of the whole mine is 11.33 g/t Au. Reserve: Production: (completely serviceable/to modernize/to create-Costs of the modernisation/construction) Completely Serviceable Infrastructure: (complete/to modernize/to create-Costs of the modernisation/construction) Complete. There are 430 employees, including management and administrative personnel (62), production personnel (290) and assistants (78). The Lingbao Jinshan Property is equipped with railroad tracks for the main haulage and wheelbarrows for the secondary haulage. Transfer stations are installed at different levels. Levels are connected to a main decline equipped with winches and stairway. At present the lowest production level is 300 metres and the maximum depth of the exploitation is 620 metres. There are eight levels established on several quartz-carbonate veins. The ore concentration method is floatation and the present designed concentration capacity is 1,000 tonnes of gold ore per day or 300,000 tonnes of gold ore per year. It is expected this capacity can be increased to 700,000 tonnes per year. Property 5: Name: Tiepling ("TLP TLP Tension Leg Platform TLP Thread-Level Parallelism TLP Transactional License Program (Adobe software license program) TLP Transitional Living Program TLP The Learning Partnership TLP Transmission Level Point TLP Tanzania Labor Party ")Silver and Lead Mine Property Location: Henan Province China. The TLP Silver and Lead Mine is located directly adjacent to TSX Listed Silvercorp Metals Inc's successful Ying Silver Project in Henan Province. The TLP Silver and Lead Mine is found in a world renowned region for galena galena (gəlē`nə) or lead glance, lustrous, blue-gray mineral crystallizing usually in cubes, sometimes in octahedrons. It is the most important ore and the principal source of lead. high grade silver lead type of deposits. These initial and further acquisitions open the door to exclusivity on 200,000,000 oz+ of Silver equivalent deposits and are another significant step forward for Asian Dragon as it continues its growth in China's precious and base metal industries. Interest: Terms of Joint Venture Finalized with Asian Dragon Interest being 70% on initial two major tunnels at TLP Resources (measured - indicated - inferred): According to Chinese resource standards the TLP Silver and Lead Mine claim an indicated resource of 1,061.69 t of contained silver and approximately 200,000 t of contained lead with reported grades averaging 292 g/t Ag and 3% Pb. Reserve: Production: (completely serviceable/to modernize/to create-Costs of the modernisation/construction) Completely Serviceable Infrastructure: (complete/to modernize/to create-Costs of the modernisation/construction) Complete Co-Operative Agreements & Government Support Asian Dragon has several key Co-operative agreements with significant industry and government bodies in China all of which greatly increase Asian Dragon's ability to source, acquire and manage precious metal properties. Theses key agreements give Asian Dragon a permanent presence in the region and ensure all manner of its operations will progress smoothly. Asian Dragon has a Cooperative Agreement with the Sanmenxia Yunjiu Investment Consultant Company (Yunjiu) of China. The Cooperative Agreement provides Asian Dragon immediate access to top local producing gold properties. The Cooperative Agreement with Yunjiu is unique as it allows Asian Dragon to venture with a specialized Sino Joint Venture Company formed with local government support. Asian Dragon and Yunjiu are focused on partnering with local companies and properties to facilitate Asian Dragon's investment and growth in the gold mining and precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. industries of the Sanmenxia City Administration Zone and the Xiaoqinling Region. The Sanmenxia City Administration Zone administers and manages the counties that form the central part of the heavily mineralized Xiaoqinling Region. The Sanmenxia City Administration Zone operates in the same manner as the Luoyang City Administration Zone which administers the counties that form the eastern part of the Xiaoqinling Region. One of the counties administered and managed by the Sanmenxia City Administration Zone is Lingbao County. This prolific county has been the number two ranked county in gold production of all the counties in China over the last 10 years and has been the base for several major gold mining companies including Lingbao Gold Company. Asian Dragon has a Cooperative Agreement with Henan Yunfeng Resource Of Mine Development Co. Ltd. (Yunfeng) of China. The Yunfeng Cooperative Agreement provides Asian Dragon immediate access to the Henan Luoyang Gold Brigade No. 6 Team, which has a number of local producing gold properties and dozens of exploration mineral properties available for joint venture. The Yunfeng Cooperative Agreement is unique as it allows Asian Dragon to joint venture with a specialized Sino Joint Venture Company formed with local government support. Asian Dragon is focused on partnering with local resource companies who have access to properties which can facilitate the Asian Dragon's strategy of investment and growth in the gold mining and precious metals industries in the Xiaoqinling Region of Henan Province. Asian Dragon also has the full support of the China Luoyang Gold Bureau (the "Bureau"). The Bureau has jurisdiction of Luoyang City, Henan Province controlling an area of over 15,208 sq kms. The Bureau's extensive jurisdiction includes four counties located within the prolific resource rich belt of Xiaoqinling, the region at the heart of Asian Dragon's Project Luogold in part due to its ranking as China's second most productive region in gold and third most productive region in silver. Asian Dragon's confidence in this area is shared by other successful companies such as Silvercorp Metals Inc. and the Lingbao Gold Company. Bureau Ministers Shen Shen, in the Bible, place, perhaps close to Bethel, near which Samuel set up the stone Ebenezer. Gongrong and Deputy Minister Xu Xile have praised the success of Asian Dragon and are especially pleased with its management of the Jinjishan Gold Mine (the first key acquisition of Project Luogold). The Ministers commended Asian Dragon for providing funds on a timely basis to finance production and exploration at the Jinjishan Gold Mine, especially since many foreign companies have failed to follow though on their joint venture agreements to develop resource based projects in China. In recognition of Asian Dragon's work in developing significant projects in the area the Ministers, on behalf of the entire Bureau, have pledged their future assistance to Asian Dragon and offered an additional 23 gold projects for potential joint-ventures. Asian Dragon will review these exclusive opportunities and secure those projects that compliment its continuing development of Project Luogold. Key Personnel Mr. John Karlsson John Karlsson, Esq., embarked upon his international business career in 1991 as an entrepreneur positioned at the heart of Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. resource and technology exchange in Fukuoka City, Japan. Establishing relationships throughout Asia and growing a reputation as a relentless and respected entrepreneur, Mr. Karlsson grew several successful private ventures based upon North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. resource trade to Asia and the return of Asian technologies back across the Pacific. Educated first in International Capital Markets during his business in Japan, Mr. Karlsson furthered this education in Canada Education in Canada is provided, funded and overseen by federal, provincial, and local governments. Education is within provinicial jurisdiction and the curriculum is overseen by the province. at the globally acclaimed University of Victoria completing a bachelor's degree with a focus on International Business and Commerce moving then into International Finance with a Law degree from the University of Manitoba Location The main Fort Garry campus is a complex on the Red River in south Winnipeg. It has an area of 2.74 square kilometres. More than 60 major buildings support the teaching and research programs of the university. . Karlsson Law Corporation was founded in 2003, with a strict focus on the development and finance of high potential private companies, assets and opportunities with an eye always on Asia and now in particular, China. This focus has sustained and prospered through Mr. Karlsson's practice in the areas of securities, corporate finance and commercial law. Through this practice, Mr. Karlsson has regularly advised partners and clients in respect of local, national, international and cross-border public and private financings, mergers and acquisitions and corporate reorganizations. Mr. Karlsson's relationships and knowledge have ensured clients are structured for strong future growth, utilizing jurisdictional strengths in their asset and intellectual property protection, licensing and growth initiatives. Karlsson Law Corporation has further provided expertise in matters of corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. including takeover bids, proxy disputes, special committee matters and all matters relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc structuring and operating boards. Karlsson has assisted client and partner companies in their listings on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (TSX), NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on , the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. (AIM), and the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. (AMEX AMEX See: American Stock Exchange ) as well as various other international stock exchanges. Mr. Karlsson's business model of seeking out high potential private companies, assets and opportunities coupled with the ability to raise associated capital, build management and provide market liquidity for investors via public capital markets has shone in the development of the latest venture, Asian Dragon Group Inc. Through key and long standing relationships with top level government and industry figures in China, Mr. Karlsson has developed an unheralded asset base in China with immediate plans for build-out of senior operational management and internationally renowned board members to complete the Asian Dragon vision. From acting as lead counsel to the public company merger target with CyberKinetics, Inc., one of the "Fierce Fifteen" bio-medical deals in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. in 2005, Karlsson has garnered international acclaim as a company builder, mediator for corporate disputes and a facilitator for national and international mergers and finance. Mr. Karlsson's focus now rests solely on the further development of Asian Dragon Group Inc., and the Company's continued market dominance Market dominance is a measure of the strength of a brand, product, service, or firm, relative to competitive offerings. There is often a geographic element to the competitive landscape. . Mr. Christian Derosier Mr. Derosier, president of CDGC Inc., a world renowned geology and mining consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , was appointed as Asian Dragon's independent qualified person on November 7, 2006. Mr. Derosier was engaged to conduct due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and complete technical reports compliant with National Instrument 43-101 and SEC Industry Guide No. 7 on the Jinjishan and Shizhaigou Gold Mines as well as other Asian Dragon properties. Mr. Yang Dali Mr. Yang was appointed Chief Chinese Advisor to Asian Dragon on January 4, 2007 to aid in its growth as a dominant player in China's gold and precious metals industries. Mr. Yang graduated from Zhongnan Industrial University with a Bachelor's Degree in Science in 1960 then continued to the position of Engineer with the Beijing Non-Ferrous Metallurgy Design and Research Institute. Mr. Yang has held positions as Department Head, Director of External Affairs and Chief Engineer of the following organizations: the Gold Bureau of China, the Ministry of Metallurgy; the Gold Company of China; the Headquarters of the Military Police for Gold; the State Gold Administration; and the Gold Administration under the State Economic and Trade Commission from 1975 - 1998. Mr. Yang is also a member of the Precious Metal Reserves Commission and a member of the Land and Geology Society of China. Mr. Yang is a senior adviser and expert (registered) of the Mineral Resources Association of China and a part-time professor at Zhongnan Industrial University. Mr. Yang was formerly appointed independent non-executive director A non-executive director (NED, also NXD) or outside director is a member of the board of directors of a company who does not form part of the executive management team. He or she is not an employee of the company or affiliated with it in any other way. of Zijin Mining Group Co., Ltd., one of China's largest and most developed mining concerns. Mr. Yang is stationed in Beijing, China and will be assisting Asian Dragon in all facets of Project Luogold as well as evaluating prospective new mining projects for acquisition. Mr. Dan Hachey Mr. Hachey was appointed to the Board of Directors on March 22, 2007. John Karlsson, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , stated on the appointment, "Asian Dragon has seen unprecedented growth in its expansion as an emerging dominant force in the China precious metals sector as we continue to focus on the growth of earnings and shareholder value. The addition of Mr. Hachey to our Board comes with an eye on securing strong institutional support to further the development of Asian Dragon's current group of projects and our acquisition of future key properties and operations." Mr. Hachey has a strong investment banking background with over twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. of experience in the capital markets, largely in the area of public equity financings, Initial Public Offerings (IPOs) and private placements. Mr. Hachey has also been active in the area of mergers and acquisitions, fairness opinions and other advisory work. Currently, Mr. Hachey is President and CEO of Greenwich Global Capital Inc., a public capital pool company listed on the TSX-V. In addition, Mr. Hachey has held Board of Directors' positions with both public (NASDAQ, TSX and TSX-V) and private companies. Mr. Hachey has held senior investment banking positions with a number of firms and has worked in Toronto, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Montreal. Dan also held the title of President & CEO of a public mining company listed on the TSX-V. Notable financings that Mr. Hachey has been a factor in include Glamis Gold Glamis Gold Ltd. was a Reno, Nevada based gold producer with operations in the Americas. In 2006 they expected to produce 620,000 ounces of gold at a total cash cost of US$190 per ounce. They remained 100% unhedged. On 31 August 2006, Goldcorp acquired Glamis Gold for $8. (recently purchased by Goldcorp), Canico Resource Canico Resource Corp. TSX: CNI is a Vancouver, British Columbia based junior resource company focused on the development of the Onça-Puma nickel laterite project located in Para State, Brazil. (recently purchased by CVRD CVRD Companhia Vale do Rio Doce (Brazilian mining company) CVRD Cowichan Valley Regional District (Vacouver Island, British Columbia, Canada) CVRD Converter, Variable Resistance, to DC Voltage ), Research in Motion, JDS See Java Desktop System. Fitel (now JDS Uniphase JDS Uniphase Corporation (JDSU) NASDAQ: JDSU is a company that manufactures and designs products for fiber optic communication and test equipment. It is headquartered in Milpitas, California, USA. ), Alliance Communications (now Alliance Atlantis Alliance Atlantis Communications Inc. (formerly traded as TSX:AAC) is a Toronto-based media company, which now operates primarily as a specialty service operator in Canada. ), as well as many other companies in various industries including mining, oil & gas, forest products, manufacturing and technology. Mr. Hachey graduated from McGill University McGill University, at Montreal, Que., Canada; coeducational; chartered 1821, opened 1829. It was named for James McGill, who left a bequest to establish it. Its real development dates from 1855 when John W. Dawson became principal. with a MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration degree in Finance. Prior to that he was enrolled in a Master of Science program at Universite de Montreal after earning his Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree from Concordia University. Financings Asian Dragon has successfully completed three major private placements. In each placement no warrants were attached nor were any finders fee's paid. On November 7, 2006 there was a placement of 250,000 shares at $4.00 US per share for funds of $1,000,000 US. On December 19, 2006 there was a placement of 400,000 shares at $5.00 US per share for funds of $2,000,000 US. On April 2, 2007 there was a placement of 300,000 shares at $5.00 US per share for funds of $1,500,000 US. Asian Dragon has demonstrated its ability to source and acquire interests in China's booming precious metals industries and continues growing towards being one of major players in this sector. Asian Dragon will provide further updates shortly on Project Luogold. 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 through a series of joint ventures and mine and property acquisitions. Long standing relationships with the Gold Bureau and other Chinese partners have provided Asian Dragon with the exclusive opportunity to commence due-diligence on several advanced Chinese Mining Projects in one of the Country's most well-known and prolific mineral production regions, the Xiaoqinling Region. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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