Black Dragon Resource Releases Completed Reserve Analysis; Wexco Inc. Report Finds In Excess of 66 Million Barrels of Recoverable Oil Reserves on Black Dragon Properties

Business Wire, March 30, 2006

AUSTIN, Texas -- Black Dragon Resource Companies Inc. (Pink Sheets: BDGR) released today a 30 page reserve analysis of its Louisiana oil properties just completed by Wexco, Inc. Registered Petroleum Engineers. The report, which is available from Black Dragon upon request, finds that the 985 wells owned by the company in The Caddo Pine Island, Greenwood-Wascom, Shreveport and Haynesville fields has over 66,065,000 barrels of oil as recoverable reserves. This is in excess of approximately 2 barrels of oil per outstanding share of Black Dragon common stock, assuming 30 million outstanding shares. The report does not include any analysis of Black Dragon's gas reserves.

Wexco Inc., based in Shreveport Louisiana is a nationally recognized petroleum engineering firm, serving both major and emerging oil companies over the past 25 years. The company has completed reserve analysis reports for several Mississippi Gulf clients like Black Dragon and is also recognized for heir work as expert witnesses for such organizations as the Louisiana Conservation Commission, the Texas Railroad Commission, and the Oklahoma Corporation Commission.

Richard Michael, President of the company stated, "We are pleased with the findings of the report which confirms the value of our company now and in the future as further reiterated by the March 15th Red Chip Companies' recent research report on our company."

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 region.

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.