Black Dragon Resource Companies Inc (BDGR)

[Joe Lanza]

For Immediate Release, January 7, 2008, BDGR
Black Dragon Resource Company Inc. Enters into a Letter of Intent with Summit Resource Management, Inc.
Oil City, LA – January 4, 2008 – Joseph Lanza, President of Black Dragon Resource Company (BDGR) announced today that the Company had entered into a Letter of Intent with a management team prepared to assume executive and operational control of the Company. Mr. Lanza stated that on Friday January 4, 2008 Black Dragon and Summit Resource Management, Inc. executed the LOI which provides that Summit has agreed to assume responsibility for management effective within two weeks in order to assist Black Dragon in its objective to improve production and profitability. The principals of Summit are Messrs. J. Benjamin Johnson and John M. Martineck, who together have over 50 years of experience in oil and gas production and management, having both been with Atlantic Richfield Company (ARCO) and as independent oil and gas consultants for many years.
Mr. Lanza said that the Company is excited to have been able to attract such qualified people to assume management control given the present lack of capital in hand to expand development.

One of Summit’s strong specialties is working with owners of properties to improve the profitability of their assets. . Mr. Martineck, President of Summit, echoed Mr. Lanza’s enthusiasm concerning Black Dragon’s potential and stated that he was extremely optimistic due to the large untapped potential of the company’s assets. He added that he was optimistic that Summit’s efforts to attract new capital will also be successful.
Upon the finalization of all documentation between Black Dragon and the funding sources, including the infusion of capital, Mr. Johnson will replace Mr. Lanza as CEO and Director. Mr. Martineck will then assume the position of Chief Operating Officer and Director. No other details of the Letter of Intent were disclosed. For information concerning Summit you are invited to go to www.summitrm.com.
SOURCE Black Dragon Resource Companies, Inc.
http://www.black-dragonoil.com
Contact:
Mr. Joseph Lanza, President
318-995-0404