Universal Apparel and Textile Co. (DKGR)

[LGL8054]

Drake Gold Resources, Inc. Brings Oil and Gas Expert Aboard as Advisor
Drake Gold Resources, Inc. Has Signed an Agreement With Oil and Gas Executive to Act as Special Advisor of Acquisitions for Its Energy Subsidiary
SCOTTSDALE, AZ -- (MARKET WIRE) -- 08/01/07 -- Drake Gold Resources (PINKSHEETS: DKGR) is pleased to announce that Mr. Michael Krasner has joined the organization to serve as a special advisor as the company works to create an Oil and Gas Subsidiary. Mr. Krasner has a 30-year history in the oil and gas industry and is a member of the Society of Petroleum Engineers. In his role as a project manager in the industry, he has helmed more than 100 successful oil and gas drilling projects. His career has included such challenging recovery efforts as offshore and horizontal drilling. Mr. Krasner brings this formidable skill set to the company and its Oil and Gas Subsidiary.

As Gas and Oil recovery becomes more lucrative, it also is proving to be more challenging. To stay competitive, companies must develop deeper, more remote and ambitious projects. The addition of Mr. Krasner means that DKGR's spin-off will have the expertise needed to meet these demands and create a high value portfolio of oil and gas recovery operations.

Mr. Krasner's auspicious career began at the age of 21 when he became the youngest drilling and production supervisor for Enserch Exploration, Inc., in Oklahoma. Since his promising start in the industry, Mr. Krasner has continued to serve in various executive positions with distinction. One of his most successful undertakings has been continuing the work of his father, renowned Texas "wildcatter" Sam Krasner, at K-Sam Oil Company LLC.

Mr. Krasner's tenure at K-Sam Oil Company LLC has been focused on the expansion of operations in the Barnett Shale. This formation is estimated to contain approximately 27 to 30 trillion cubic feet of gas. The amalgam of all of this experience is valuable for DKGR and its shareholders as it moves forward with the creation of its gas and oil subsidiary launch. cont.