Red Dragon Announces Update on Drilling Program on the Baoming Lead-Zinc Project



    TSX.V.DRA

    VANCOUVER, Nov. 5 /CNW/ - Red Dragon Resources Corp. (the "Company") is
pleased to provide an update on the diamond core drilling program on the
Baoming lead-zinc project in northern Yunnan Province, China. This project is
under joint venture with Tibet Baoming Industry and Trade Ltd. The project is
contiguous with and south of the Company's Shanchuan Project.
    Diamond drill testing has been underway on the project for approximately
one month, and the Company has recently added a second drill to the program. A
total of 11 holes (1,827m) have been completed to date. Diamond drilling has
focused on testing two areas of high grade lead-zinc surface samples that are
coincident with a lead-zinc soil anomaly that is 5.0 kilometres in length and
open to the north and south. Five drill holes have been completed on the North
Zone and six drill holes have been completed on the Sinter Zone; a plan map
and table containing the collar location, azimuth, dip and length is available
on the Company's website (www.reddragonresources.com). Drill samples from
these first 11 drill holes have been submitted to iPL Laboratories in Kunming,
China for analysis and results will be released when they have been compiled
and reviewed by the Company geologists. Drilling will continue on the project
until mid-December and drill results will be released as they become
available.

    Shanchuan Project Update

    Several prospecting crews are currently working on follow-up of the
extensive soil geochemical anomalies on the Shanchuan Project. The soil
geochemical program (approximately 6,000 samples analyzed for 30 elements) has
outlined three significantly anomalous areas on the Shanchuan Project, apart
from the areas previously drill tested during this summer's exploration
program. Soil values within these anomalies range from several hundred parts
per million (ppm) lead and zinc, to commonly several thousand ppm. The highest
soil sample was over 3% lead and 3% zinc. None of these soil geochemical
anomalies have been drill tested to date; a plan map showing the location of
these anomalies is available on the Company's website
(www.reddragonresources.com).

    Laboratory Procedures

    Soil samples were prepared by International Plasma Labs Ltd. in Kunming,
China, an ISO9001:2000 certified laboratory. Samples arriving at the
laboratory in Kunming are sorted, dried and sifted through an 80 mesh screen
and all -80 mesh material up to 100 grams is saved in a sample bag for
analysis. The samples were shipped by courier to International Plasma Labs
Ltd. in Vancouver, Canada, and analyzed by induced coupled plasma (ICP) for 30
elements.
    Drill core samples were analyzed by International Plasma Labs Ltd. in
Kunming, China. Rock 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 atomic absorption spectroscopy (AAS). Silver was
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 metal and uranium exploration in China and Canada.

    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.

    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; or Harbour Financial Inc., Brian N Barbour, Tel: (403) 813-5832

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