Company Information for Dragon Mountain Gold Ltd

ASX-DMG

www.dragonmountain.com.au

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Company Statement

Dragon Mountain Gold Ltd is a public company registered in Perth, Western Australia which has been operating in China since its incorporation in September 2004. It is currently developing and exploring the major Lixian gold project in central west China. This project contains extensive gold mineralisation outcropping at surface.

Until recently Dragon Mountain’s main focus was on exploration for gold deposits within the major mineralised Tian Shan Orogenic Belt in the under explored section located in the Xinjiang Province of north-west China. The Company has a majority interest in a portfolio of gold exploration projects in the Xinjiang Province (Xinjiang Projects) with potential for the style of gold deposits seen elsewhere within the Tian Shan Orogenic Belt (Muruntai (140Moz), Kumtor (9Moz) and Zarmitan (8Moz)).

In 2007, the Company acquired an 83.6% shareholding in Warrior Advance Limited, a Canadian unlisted company. Warrior 's 100% subsidiary, Long Province Resources Limited, owns approximately 90% of the Lixian Gold Project in the Gansu province in central west China. Approximately, US$11,000,000 has been spent on the Lixian Project to date and the licences secured and transferred to date contain a major gold mineralised system.

The Company has entered into co-operative joint venture agreements in respect of each of the Lixian Project and the Xinjiang Projects with significant counterparties. Namely the:

subsidiaries of Gansu Non-Ferrous Metallurgical Bureau at Lixian in the Long Jin Joint Venture and the Long Ao Joint Venture; and
a subsidiary of the Bureau of Geology and Mineral Resources in the XPPM Joint Venture covering the Xinjiang Projects exploration effort.

Current Operations

The Company has a majority interest in a portfolio of gold projects in China which range in status from grass roots exploration to advanced stage drillout and mineralisation definition status. Summaries are provided below, with more details available in the Prospectus found on this site.

Lixian Project
Status: Advanced stage drillout and feasibility study.

The most advanced project is the Lixian Project which hosts significant Chinese classified resources (1.76 million ounces gold, non-JORC Code compliant) in an historical gold producing area and is at the drill-out and mineralisation definition stage. A major drilling program commenced in June and re-opening of underground exploration adits continues at the main deposits.

Xinjiang Projects
Status: Regional scale gold exploration with drill ready targets defined.

The Company also has a majority interest in the Xinjiang Projects (Dashankou, Sahentohai and Halke Shan Projects) where granted licences cover approximately 588km2 of select areas within the geologically significant Tian Shan Orogenic Belt. The Dashankou and Sahentohai Projects are located in areas containing known gold mineralisation with Dashankou featuring drill ready targets. The Halke Shan Project is a grass roots conceptual target with limited previous exploration.

Geographical Spread

China

Board of Directors and Key Management

Kevin Tomlinson	(Non Executive Chairman)
Andrew Richards	(Managing Director)
Alan Beanland	(Non Executive Director)
Andrew Hector	(Non Executive Director)
Joshua Klenbort	(Non Executive Director)

Company Address

PO Box 830
South Perth, Western Australia, Australia 6951


Telephone:	08 9217 2700
Facsimile:	08 9368 2558
Email:	info[at]dragonmountain.com.au
Website:	http://www.dragonmountain.com.au

Capital

161.7 million (31/7/07)

Annual General Meeting

7 November 2008

Year End

June 30

Nominated Brokers

Delta Securities
Level 17, Exchange Plaza
2 The Esplanade, Perth
Western Australia 6000

Ph: +618 9223 9888

Broker/Analyst Reports

10/04/07 - DELTA SECURITIES RESEARCH

Major Shareholders

As at 31/7/07:

Hightime Investments	29.65%
Aurora Sky Investments	7.31%
Brookland Securities	3.57%

Most Recent Statement

08/08/08 - App 3Y Change of Director's Interest
31/07/08 - June 2008 Quarterly Activities Report
31/07/08 - Anniversary of Achiements
31/07/08 - June 2008 Quarterly Cashflow Report
15/07/08 - App 3Y Change of Director's Interest No 2
07/07/08 - App 3Y Change of Director's Interest

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