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DKGR r/m update:
Corporate Update: OTC Markets Filings, Financing Partner, CEO Interview

Ticker: DKGR
March 5 2012

Carson City, Nevada - Drake Gold Resources (OTC Markets: DKGR) is pleased to announce a corporate update regarding its short term objectives, OTC Markets Filings, Financial Partner and CEO Interview.



Objective 1: OTC Markets

Management is pleased to announce, that the OTC Markets account has been activated. Next OTC Markets will send CFO Thomas Smith a key code generator. This will provides a special password with which to access the OTC Markets system which allows the upload of all the financial and disclosure statements.

As previously released Drake has already completed all required financial and disclosure statements. The posting of those to OTC Markets is the second to last step to joining "Current OTC Markets Information" tier.

Drake has already engaged an attorney that has completed his review process as required by OTC Markets and is subsequently prepared to submit a legal opinion stating that the company has provided adequate current information. Once updated, this will fulfill the final requirement with which to gain access to the "Current OTC Markets Information" tier.



The Initial Company Information And Disclosure Statement is available here: http://q.b5z.net/i/u/10073722/f/DKGR_-_ICIDS_-_02-22-12.pdf



The Financial Statements for 2008, 2009, 2010 and through period ending September 30, 2011 are available here: http://drakegold.com/financial_statements



Objective 2: Introduction Of A Financial Partner

Under new management, Drake has secured a partnership with an investment corporation which has agreed to provide both debt and equity financing with a 12 month restriction period (priced at a premium to current market) in order to develop the producing oil & gas assets that have been acquired by Drake. Once the OTC Markets filings are updated to current status Drake will release the Financial Partner information.

Objective 3: Stock Plays Online Interview

Newly appointed CEO, Robert (Bob) Jackson has scheduled a CEO interview with Stock Plays Online, an online investment community with nearly 75 active investors in the chat / interview room. Bob anticipates doing the interview after objectives 1 and 2 are completed.

It is expected that the interview will provide Drake shareholders and interested investors an insight of new management's strategic vision for the company.

Drake hopes announce the scheduled time shortly, expected for later this week. Shareholders and interested investors will be able to sign in and attend the interview as instructions will be provided.



After these objectives are completed Drake will announce the first acquisition of private, producing, oil & gas assets. Shareholders and interested investors are urged to sign up for the corporate newsletter to gain access to real time updates which are usually released first through the newsletter before formal press announcements.


For any inquires please contact Investor Relations at phone: [phone] or email: [e-mail].


Please read the disclaimer Forward Looking Statements & Risk Factors:http://DrakeGold.com/Risk_Factors

Please read the entire Terms Of Use: http://DrakeGold.com/Terms_Of_Use
Sincerely,

Management
Drake Gold Resources, Inc.


................should be a huge week!