Black Dragon Purchases 85 Additional Wells Bringing Total Wells Owned to 502.

AUSTIN, Texas -- Black Dragon Resource Companies, Inc. (OTC: BDGR) announced today that the Company has acquired 85 oil and gas wells in the Caddo Pine Island area.

Mr. Rick Michael, President, stated that the 85 wells are in addition to the 305 wells announced on May 4, 2005. Mr. Michael went on to say, "The purchase of the 305 wells brings the Company's holdings to over 800 wells, and we're excited that after the purchase of these wells, Black Dragon's Proven Recoverable Reserves will be in excess of $1.5 billion."

In conclusion, Mr. Michael reported, "The Company has commenced negotiations to acquire 8,000 acres contiguous to our current Caddo Island properties. The 8,000 acres come with all logs, geology and engineering data from Gulf Oil, Texaco and Chevron (NYSE: CVX) We expect production to reach between 1,000 and 2,000 barrels per day within the next 12 months."

About Black Dragon Resource Companies, Inc.

Black Dragon is focused on the recovery of oil and gas reserves through acquisition and project development, specializing on mature and marginal field enhancement, developmental exploitation drilling and low-risk exploration opportunities in the Texas and Louisiana oil patch.

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.