Black Dragon Resource Companies, Inc. Announces Three Oil Wells are Completed and Producing over Fifteen Barrels a Day.

AUSTIN, Texas -- Black Dragon Resource Companies, Inc. (Pink Sheets:BDGR) announced today that three wells on Caddo Lake have been put back on pump, and the fourth is currently being worked on. These wells are the first of 46 wells located on the Caddo Lake property. These first three wells are currently producing approximately 15 barrels a day. In addition, the flowing well on the Mc Dade lease is currently producing 19.6 barrels a day. The addition of these four wells brings 1020 barrels a month, or approximately $66,000 in added income.

President, Rick Michael, stated that he hopes to put on an additional 5 wells on the lake, and 15 land-based wells by the end of the week. "With the acquisition of the Caddo Lake property, we have significantly increased our reserves, and are able to improve our production at a faster pace. We still have 44 more wells to put back on production, and no one knows what they will bring in monthly revenue. Even at 4 barrels per well average, that would be 176 barrels a day. Which at $60 dollar oil, it would gross $316,800 a month."

About Black Dragon Resource Companies, Inc.

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

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.