Earth Dragon Resources Issues Advisement

Earth Dragon Resources Issues Advisement

Earth Dragon Resources, Inc. has determined in the interest of full public disclosure to advise of a pending dispute regarding the provenance and title of certain mining properties held as part of the recently announced joint venture with Netas Mining in Ghana, West Africa.

Earth Dragon’s Management has been advised that a review has been requested by a claimant to determine the status of a previous claim to the property. The action will shortly be heard by the applicable jurisdictional agency in the matter. Given the extensive due diligence undertaken independently and respectively by Earth Dragon and Netas Mining, it is the opinion of Management that the action is frivolous and unwarranted and should be resolved as quickly as possible.

Company President & CEO Thomas Herdman comments, “We are closely following the situation of course, but are confident that Netas holds 100% title as represented. It’s an interesting, but not uncommon situation when you find your discovery of such interest to others all of a sudden. Nonetheless, we take any action seriously and wanted to immediately assure the public of our confidence in the joint venture as well as pointing out that our current risk is negligible as no cash or other treasury issuances have occurred.”

Earth Dragon Resources is diligently working to acquire a diverse portfolio of high quality end-stage mineral projects geared towards the development of near term production revenues. As a commercially prudent public issuer, the Company will always strive to keep the public apprised of all events and milestones significant to the growth of the Company.

Additional details regarding the Company and its agreements are filed as part of the Company’s continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission’s (“SEC”) EDGAR database.

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