Warrant Amendment

    VANCOUVER, Nov. 19 /CNW/ - Red Dragon Resources Corp. (TSX-V: DRA) (the
"Company") reports that it will make application to the TSX Venture Exchange
for acceptance of the extension of the expiry date of up to 12,505,000
transferable share purchase warrants originally issued in connection with a
non-brokered private placement first announced May 29, 2006 and which closed
on June 15, 2006 ("Tranche 1") and on July 12, 2006 ("Tranche 2"). The
original terms specified that each warrant was exercisable into one common
share at a price of $1.25 expiring on December 15, 2007 (Tranche 1) and on
January 12, 2008 (Tranche 2) with the provision that if the Company's shares
trade on the TSX Venture Exchange at a weighted average trading price equal to
or exceeding $2.25 per common share for a period of 30 consecutive trading
days at any time after four months and one day after the Closing Date, the
Company may accelerate the expiry date of the Warrants by giving notice to the
holders thereof and, in such case, the Warrants will expire on the 15th day
after the date on which such notice is given (the "Accelerated Expiry
Provision"). The terms of the Warrants will be extended to expire on June 15,
2008 (Tranche 1) and on July 12, 2008 (Tranche 2) and will be subject to the
Accelerated Expiry Provision. There are no other proposed changes to these

    On Behalf of the Board
    Red Dragon Resources Corp.

    Per: Alvin Jackson, Chairman and Chief Executive Officer

    The TSX Venture Exchange has not reviewed and does not take
    responsibility for the adequacy or the accuracy of this release.

For further information:

For further information: Red Dragon Resources Corp., Tel: (604)

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Brazilian Gold Corporation

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