Company Information for Dragon Mountain Gold Ltd

ASX-DMG

http://www.dragonmountain.com.au

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ASX; DMG

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Company Statement

Dragon Mountain Gold Limited (“DMG”) is a public company registered in Perth, Western Australia which has been operating in China since its incorporation in September 2004.

DMG’s most advanced project is the Lixian Project which hosts significant JORC Code Mineral Resources and additional significant Chinese classified resources (non-JORC Code compliant) in an historical gold producing area of the Gansu province in central China. The current inferred JORC Code Mineral Resource comprises 18.9 million tonnes at an average grade of 1.8g/t for 1.1M contained ounces. The advanced drill-out and mineralisation definition program currently underway will continue. The Company has also engaged an independent study for the design of an initial processing plant at Lixian.

The Company also has a majority interest in the Xinjiang Projects located in north-west China, 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.

DMG has a highly skilled and experienced Board and management team in exploration, project evaluation and development, mining and public company corporate skills.

DMG welcomes your interest in our company.

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.

Since May, 2007, we have established a significant presence at the Lixian Project with a team of over 180 personnel in addition to contract drilling and underground mining crews. These teams are assessing the gold mineralisation outlined within the Gansu Long Jin (GLJ) and Gansu Long Ao (GLA) joint ventures. As at June 2008 DMG has eleven drilling rigs undertaking confirmatory and infill drilling at the non-JORC resources outlined by previous workers on the Project.

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)
John Hopkins	(Non Executive Director)

Company Address

Level 2, 62 Colin Street
West Perth, Western Australia, Australia 6005


Telephone:	+61 (8) 9215 6300
Facsimile:	+61 (8) 9215 6330
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

22/09/08 - 2008 Annual Report
22/09/08 - Appointment of Non-Executive Director
15/09/08 - Drilling returns 172m at 3.06g/t Au including 68m at 6.19g/t Au
11/08/08 - Resource Drilling and Studies
08/08/08 - App 3Y Change of Director's Interest
31/07/08 - June 2008 Quarterly Activities Report

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