Universal Apparel and Textile Co. (DKGR)

[Stijn]

Drake Gold Resources Corporate Update

Drake Gold Resources Inc.(DKGR:OTC) is pleased to announce that it has purchased a textile company named Universal Apparel Company in an effort to diversify the company's revenue base. Universal Apparel Company is a vertical manufacturer, importer, distributor and private label of textiles. Peter Matousek has resigned as President of the Company and will stay on as the Secretary of the corporation during the transition period. Mahabubul Kabir has been appointed as the President of the corporation.

Prince Kennedy has been removed from the corporation in all capacities in the best interest of shareholders.

Updates will be forthcoming.