Red Dragon Resources Corp. Announces Annual and Special Meeting Results and Corporate Developments


    VANCOUVER, June 22 /CNW/ - Red Dragon Resources Corp. (the "Company")
announces the results of its annual and special meeting (the "Meeting") held
on June 15, 2007. At the meeting, the shareholders of the Company approved all
resolutions placed before them by management, including the election of
Christian Bué, Glen Dickson, Alvin Jackson, James Mellon, John Stalker and
Joanne Yan as directors of the Company, the re-appointment of the Mackay LLP
as the Company's auditor, the ratification of the Company's Incentive Stock
Option Plan and the continuance of the Company from the jurisdiction of
Ontario into the jurisdiction of British Columbia.
    At the first meeting of the newly constituted Board of Directors held
immediately after the Meeting, the following individuals were appointed or
reappointed as officers of the Company:

    Alvin Jackson, Chairman of the Board and Chief Executive Officer
    Joanne Yan, President
    Benedict Leung, Chief Financial Officer
    Garnet Dawson, Vice President, Exploration
    Peter Yue, Vice President, Corporate Development
    Louis Montpellier, Corporate Secretary

    Also, the Board of Directors elected Glen Dickson (Chair), James Mellon
and Christian Bué as the audit committee; and Christian Bué (Chair), Glen
Dickson and John Stalker as the corporate governance and compensation
committee. Both committees are comprised of independent directors.

    The TSX Venture Exchange neither approved nor disapproved the contents of
    this news release.

For further information:

For further information: Red Dragon Resources Corp., Alvin Jackson,
Chairman and Chief Executive Officer, Tel: (604) 602-8188; Harbour Financial
Inc., Brian N. Barbour, Tel: (403) 813-5832

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