Black Dragon Closes On 640 Acre Lease in Caddo-Pine Island Field

OIL CITY, La., Oct. 8, 2009 (GLOBE NEWSWIRE) -- Black Dragon Resource Companies,
Inc. ("the Company", "Dragon") (Pink Sheets:BDGR) has announced the closing of
the agreement to acquire an interest in a 640 acre lease in the Caddo-Pine
Island Field in Caddo Parish, Louisiana. This was reported in progress in
earlier releases. This is a very attractive oil and gas region. Black Dragon has
rights from the surface down to the top of the Haynesville Shale reservoir, and
the depths below the Haynesville. However, as a good extra, the Company also
obtained a royalty override in the Haynesville. The Haynesville is a highly
productive gas zone at depths around 9000 ft. A major gas company has the
majority interest in this Shale in this lease. The Haynesville Shale stretches
across East Texas and North Louisiana. It has been highly productive and has
been exploited most recently by several major gas companies for its immense
reserves. Holding a percentage in the Shale is an attractive economic asset for
Dragon.

Black Dragon CEO, Dr. Bailey, reported that on one side of the new lease, a new
well was drilled that is producing around 29 mmscf a month and 190 barrels of
oil. On the other side of Dragon's lease is another new well, perhaps the
largest ever in the Cotton Valley zone there, producing 11 mmscf per month. This
bodes well for the Dragon potential with a number of oil and gas zones.

Dragon has engaged Petrolind Drilling Co. to drill two gas wells as soon as
permits are approved by the Department of Conservation. It is expected that
drilling will commence within the next 60 days in the Nacatoch zone around 1000
ft. In this upper zone, Dragon has an 80% revenue interest, with a 75% working
interest. The potential of this lease remains to be proven, but these first two
wells have the potential to add attractive reserves. Pending commercialization
of this project, it will open the opportunity for several more wells in this
program. Also below the gas zone there are other oil reservoirs that might also
be targeted.

Black Dragon is an oil and gas exploration and production company currently
focused on the acquisition of mature, producing and existing domestic oil and
gas fields. This focus has eliminated exploration risk, reduced costs of
completion, and provided rapid generation of income in a niche market where
larger independent and major oil companies are not positioned to compete. Black
Dragon intends to recomplete additional shallow producing wells and to expand
its focus to include drilling of new wells some to deeper levels and to purchase
additional leases.

Forward-Looking Statements -- Safe Harbor:

Certain information discussed in this press release may constitute
forward-looking statements within the Private Securities Litigation Reform Act
of 1995 and the federal securities laws. Although the Company believes that the
expectations reflected in such forward-looking statements are based upon
reasonable assumptions at the time made, it can give no assurance that its
expectations will be achieved. Readers are cautioned not to place undue reliance
on these forward-looking statements. Forward-looking statements are inherently
subject to unpredictable and unanticipated risks, trends and uncertainties such
as the Company's inability to accurately forecast its operating results; the
Company's potential inability to achieve profitability or generate positive cash
flow; the availability of financing; and other risks associated with the
Company's business. The Company assumes no obligation to update or supplement
forward-looking statements that become untrue because of subsequent events.

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CONTACT: Black Dragon Resource Companies, Inc.
R G Bailey
318-995-0404
bdgroil@bellsouth.net
www.black-dragonoil.com