Red Dragon Resources Corp. Announces the Sale of its Remaining Interest in its Fond du Lac Property

    VANCOUVER, April 30 /CNW/ - Red Dragon Resources Corp. ("Red Dragon")
(TSX VENTURE: DRA) and Pure Nickel Inc. ("Pure Nickel") (TSX VENTURE: NIC,
OTCBB:PNCKD) announced today they have reached agreement ("Agreement") for
Pure Nickel to acquire the remaining 49% it did not own of Red Dragon's
ownership position in the Saskatchewan, Fond du Lac property on the northern
edge of the Athabascan Basin, 20 kilometers NW of Stony Rapids. Following its
completion of the terms of the Agreement, Pure Nickel will own 100% of the
property. The purchase price is satisfied in its entirety as follows: Cash of
C$100,000 and the granting of 1,000,000 restricted common shares of Pure
Nickel. Both Companies' have approved the Agreement, subject to TSX Venture
Exchange approval.

    Red Dragon Resources Corp. is a TSX Venture (TSX-V) listed exploration
company engaged in the identification, acquisition and exploration of mineral
properties with potential for world-class mineral deposits in China and

    This release was prepared by management of Red Dragon Resources Corp and
    Pure Nickel Inc. who take full responsibility for its contents. The TSX
    Venture Exchange has not reviewed or accepts responsibility for the
    adequacy 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, F. (416) 644-0069

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