Black Dragon Provides Summary of Holdings to Date.

Launches New Web Site

OIL CITY, La. -- Black Dragon Resource Companies, Inc. (OTCPK: BDGR), announces that with its' recent acquisitions in place, its' project portfolio as of the end of October includes 20,000 gross mineral acres consisting of 138 oil and gas leases. This comprises approximately 1000 viable well bores of which 450 wells are currently in production in Texas and Louisiana. The Company anticipates that it will have approximately 600 oil and gas wells in production by the end of 2006.

According to Richard Michael, President of Black Dragon, "We are making daily progress in working toward our monthly production targets through the development of several previously announced acquisitions and existing properties. This includes our expectation of putting all 12 wells into production at our Spider Lease property by year end. This will generate around 60 million mcf a month and about 3000 plus gross barrels per month of additional production, of which the company will net 22%. Additionally the completion of our Arkana Field deep gas well will add approximately 24 million mcf of gas by the end of the year, of which the company will net 50%. We are now permitted to drill an additional 8 wells on various properties that will add an additional 4800 gross barrels a month. The completion of the Haynesville Field project will add approximately 4000 additional gross barrels per month by year end from which the Company will net approximately 65%.

The Company also expects to have its' reserve study concluded and published by mid-November. Also, un-audited financial information for the 2005 fiscal year and the first six months of 2006 ended June 30th are expected to be released by the end of November."

The Company also announces today, that it has recently launched its' new web site which can be accessed at www.black-dragonoil.com. This site will be periodically updated with ongoing developments at the Company in a continuing effort to provide accurate and up to date information on the Company's progress.

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.