Black Dragon Announces Additional Acreage Negotiations and Shareholder Update

OIL CITY, La., Nov. 12, 2009 (GLOBE NEWSWIRE) -- Black Dragon Resource
Companies, Inc. ("the Company", "Dragon") (Pink Sheets:BDGR) is pleased to
announce that it is currently negotiating to acquire a new lease on 122 acres in
southern Caddo Parish. The acquisition, if made, would provide Black Dragon
rights to drill wells up to a depth of 9000 feet bearing an 84% net revenue
interest. Mr. Scott D. Smith, the CEO of Black Dragon, is working diligently
with the mineral owners of this property in an ongoing effort to increase Black
Dragon's acreage position. There is no assurance that the negotiations will be
successful, but if an agreement can be reached, it should conclude within the
next few weeks.

In this time of the weakening dollar, Black Dragon hopes to capitalize on rising
oil and gas prices by drilling new completions, as well as to obtain improved
returns on its existing leases. With recent improvement in the weather, surface
conditions are more favorable for drilling on the 640 acre lease, with spud
dates targeted within the next two weeks on this property.

As initiated by his predecessor, Dr. Bailey, Mr. Smith continues to analyze
means to cut costs, boost production, and will keep the shareholders informed as
all developments occur.

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.
Scott D. Smith
318-995-0404
bdgroil@bellsouth.net
www.black-dragonoil.com