Initial Drill Results on Weixi Zinc Project



    DRA.V

    VANCOUVER, March 29 /CNW/ - Red Dragon Resources Corp. (the "Company")
announces the following update for the Company's Weixi zinc project located in
Yunnan Province, southwestern China. The Weixi project consists of five
exploration concessions the company joint ventured with Chinese partners in
2006. The project has a total area of 196 square kilometres and covers similar
stratigraphic units as those which host the Jinding/Lanping deposit located
130 kilometres to the south. The Jinding/Lanping deposit is China's largest
zinc mine with annual production of 100,000 tonnes of zinc per year. Since
acquiring the concessions, the Company has completed a surface sampling
program that has outlined potentially economic concentrations of zinc
mineralization in several areas over an 18 kilometre strike length.
    The initial four diamond drill holes testing the Weixi project were
completed in mid February at which time drilling was suspended due to heavy
snow conditions at higher elevations. The target tested is referred to as the
"Baluo prospect - main zone" from which surface sampling results were
previously reported in News Release No. 14/06 (August 21, 2006). In this area,
mineralization is exposed on surface over a continuous strike length of
700 metres with widths varying from 50 to 100 metres. A total of 61 samples of
scree, dump material, and outcrop out of 254 samples collected within this
area returned an average grade of 9.1% zinc, 4.8% lead, and 26.4 grams/tonne
silver. This higher grade mineralization has an overall trend of
northwest-southeast.
    Assay results which have been received from three of the initial four
holes returned no significant results and only anomalous concentrations of
zinc. All drill holes intersected strong hematite and silica altered
dolomitized limestone with varying degrees of fracturing and solution collapse
breccias. Given the high values returned on surface, it is believed these
holes were drilled into the footwall of the mineralized zone and the zone may
be dipping shallowly to the east instead of to the west as initially
interpreted. Appropriate drill locations were not available to test both
possibilities due to the winter conditions.
    Although the initial drilling results were disappointing, the Company is
confident that detailed mapping will determine the controls to mineralization
and future drilling will intersect similar grades and thicknesses of zinc
mineralization as that sampled on surface. The Company has planned an
extensive exploration program in 2007 with two drills dedicated to delineating
the Baluo prospect as well as a third drill rig to test the Dadihua prospect
located approximately eighteen kilometres to the north. In addition to
drilling, a program of mapping, trenching and soil geochemistry will be
completed over the entire land holdings to help delineate the numerous areas
of zinc mineralization sampled by the Company in the second half of 2006 and
reported in News Release 16/06 (September 21, 2006). This program is expected
to commence in early May when snow has melted at higher elevations.

    Laboratory Procedures

    Drill core samples were analyzed by International Plasma Labs Ltd. in
Kunming, China, an ISO9001:2000 certified laboratory. Samples arriving at the
laboratory in Kunming are sorted, dried and crushed to -20 mesh. The sample is
then reduced to a 250 gram charge by repeated passes through a riffle splitter
and then pulverized to 90% passing -200 mesh. The sample is then rolled to
assure a homogeneous particle distribution and transferred to a bag for
analysis. Total copper, lead and zinc were analyzed by classical wet chemical
techniques and lead and zinc oxide were analyzed by induced coupled plasma
(ICP). Silver and gold were analyzed by fire assay with atomic absorption
spectrometer (AAS) finish. Red Dragon Resource Corp. has inserted quality
control samples in addition to quality control samples inserted by the
laboratory.

    Red Dragon Resources Corp. is a mineral exploration company actively
involved in base and precious metals and uranium exploration in Canada and
China.

    On Behalf of the Board
    Red Dragon Resources Corp.

    Per: Alvin Jackson,

    Chairman and Chief Executive Officer

    The technical information in this news release has been prepared in
accordance with Canadian regulatory requirements as set out in National
Instrument 43-101 and reviewed by Garnet Dawson, P.Geo., Vice President of
Exploration for Red Dragon Resources Corp.
    Malcolm Forbes is Project Manager for Red Dragon Resources Corp. and the
Qualified Person as defined in NI 43-101 on the Weixi Project. Mr. Forbes is
responsible for supervising the drill program, sampling procedures and quality
assurance program.

    The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of the information
contained herein. The statements made in this press release may contain
certain forward-looking statements that involve a number of risks and
uncertainties. Actual events or results may differ from the Company's
expectations.





For further information:

For further information: Red Dragon Resources Corp., Tel: (604)
602-8188; Harbour Financial Inc., Tel: (403) 813-5832

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