UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  FORM 10-QSB/A
                                Amendment No. 1


(X)  QUARTERLY  REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES  EXCHANGE ACT
     OF 1934

                  For the quarterly period ended June 30, 2004

(  ) TRANSITION  REPORT UNDER SECTION 13 OR 15(d) OF THE  SECURITIES  EXCHANGE
     ACT

        For the transition period from ______________ to ______________

                        COMMISSION FILE NUMBER 000-50541

                           DRAGON GOLD RESOURCES, INC.
                 (Name of small business issuer in its charter)

                NEVADA                                         88-0507007
----------------------------------------                ------------------------
(State of incorporation or organization)                (IRS Identification No.)

                                 338 Euston Road
                                 London NW1 3BT
                                       UK
                    (Address of principal executive offices)

                              +44 (0) 207 416 4920
                           (Issuer's telephone number)

                             205-1072 DAVIE STREET,
                          VANCOUVER, BRITISH COLUMBIA,
                                 CANADA V6E 1M3
                            (Issuer's former address)

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. Yes X No
                                                                        ----
66,896,794 shares of issuer's common stock, $.001 par value, were outstanding at
August 16, 2004. Issuer has no other class of common equity.

Transitional Small Business Disclosure Format (Check  One)         Yes    No   X
                                                                      ----  ----
<PAGE>



                          PART I. FINANCIAL INFORMATION

ITEM  1.  FINANCIAL  STATEMENTS.


Dragon Gold Resources, Inc.
(formerly Folix Technologies, Inc.)
(A Development Stage Company)
(Unaudited)

                                                               Index


Balance Sheets                                                  F-1

Statements of Operations                                        F-2

Statements of Cash Flows                                        F-3

Notes to the Financial Statements                               F-4


<PAGE>


Dragon Gold Resources, Inc.
(Formerly Folix Technologies, Inc.)
(A Development Stage Company)
Balance Sheets
(expressed in U.S. dollars)


                                                            June 30,   March 31,
                                                               2004       2004
                                                                 $          $
                                                            (Unaudited)
(Audited)

Assets

Current Assets

Cash                                                         55,912    101,029
-------------------------------------------------------------------------------
Total Current Assets                                         55,912    101,029

Deferred Financing Costs (Note 5)                            12,235          -
-------------------------------------------------------------------------------
Total Assets                                                 68,147    101,029
===============================================================================

Liabilities and Stockholders' Equity

Current Liabilities

Accounts payable                                                845      1,478
Accrued liabilities                                           4,950     10,176
Due to related parties (Note 4)                                 159      6,388
-------------------------------------------------------------------------------
Total Current Liabilities                                     5,954     18,042
-------------------------------------------------------------------------------
Commitments (Note 1)

Stockholders' Equity

Common Stock, 500,000,000 common shares
authorized with a par value of $0.001,
50,396,794 common shares
issued and outstanding                                       50,397     50,397

Additional Paid In Capital                                   60,472     60,472

Deficit Accumulated During the Development Stage            (48,676)   (27,882)
-------------------------------------------------------------------------------
Total Stockholders' Equity                                   62,193     82,987
-------------------------------------------------------------------------------
Total Liabilities and Stockholders' Equity                   68,147    101,029
===============================================================================


                                       F-1
    (The accompanying notes are an integral part of the financial statements)

<PAGE>



Dragon Gold Resources, Inc.
(Formerly Folix Technologies, Inc.)
(A Development Stage Company)
Statements of Operations
(expressed in U.S. dollars)
(Unaudited)
<TABLE>

                                                                     Accumulated From
                                        Three months   Three months  December 13, 2000
                                            Ended         Ended     (Date of Inception)
                                           June 30,      June 30,       to June 30,
                                            2004          2003             2004
                                              $             $               $
<S>                                         <C>        <C>               <C>


Revenue                                            -             -             -
---------------------------------------------------------------------------------

Expenses

Accounting and audit                           3,350           850        14,950
Bank charges                                     281            49           661
Consulting (Note 4(b))                         2,000         1,200         7,200
Foreign exchange                                 157            35           371
Investor relations                                 -             -         1,307
Legal and organizational                      13,045           120        18,613
Office and telephone                             109             -         1,472
Transfer agent and filing fees                 1,852             -         2,531
Travel and promotion                               -            24           191
Write-off of assets                                -             -         1,380
---------------------------------------------------------------------------------
                                              20,794         2,278        48,676
---------------------------------------------------------------------------------
Net Loss for the Period                      (20,794)       (2,278)      (48,676)
=================================================================================

Net Loss Per Share - Basic and Diluted             -             -
=================================================================================

Weighted Average Shares Outstanding       50,397,000    46,614,000
=================================================================================

</TABLE>

                                       F-2
    (The accompanying notes are an integral part of the financial statements)
<PAGE>


Dragon Gold Resources, Inc.
(Formerly Folix Technologies, Inc.)
(A Development Stage Company)
Statements of Cash Flows
(expressed in U.S. dollars)
(Unaudited)


                                                     Three months  Three months
                                                         Ended        Ended
                                                        June 30,     June 30,
                                                          2004         2003
                                                            $           $

Cash Flows to Operating Activities

Net loss for the period                                  (20,794)   (2,278)

Change in operating assets and liabilities
   (Decrease) in accounts payable and accrued liabilities (5,859)   (1,650)
   Increase (decrease) in amounts due to related parties      40      (226)
---------------------------------------------------------------------------
Net Cash (Used in) Operating Activities                  (26,613)   (4,154)
---------------------------------------------------------------------------
Cash Flows from Financing Activities

   Payment of deferred financing costs                   (12,235)        -
   Advances from (repayments to) related parties          (6,269)    5,000
   Proceeds from issuance of common shares, net                -     5,000
---------------------------------------------------------------------------
Net Cash (Used in) Provided by Financing Activities      (18,504)   10,000
---------------------------------------------------------------------------
Increase (decrease) in cash                              (45,117)    5,846

Cash - beginning of period                               101,029       183
---------------------------------------------------------------------------
Cash - end of period                                      55,912     6,029
===========================================================================

Supplemental Disclosures

   Interest paid                                               -         -
   Income tax paid                                             -         -


                                       F-3
    (The accompanying notes are an integral part of the financial statements)

<PAGE>



Dragon Gold Resources, Inc.
(Formerly Folix Technologies, Inc.)
(A Development Stage Company)
Notes to the Financial Statements
For the Three Months Ended June 30, 2004
(expressed in U.S. dollars)
(Unaudited)


1.  Development Stage Company

Dragon Gold Resources, Inc. (the "Company") was incorporated in the State of
Nevada, U.S.A. on December 13, 2000 under the name "Folix Technologies, Inc.
Effective June 14, 2004, the Company changed its name to Dragon Gold Resources,
Inc. The Company's principal business was the development of a Linux based
application server and thin client computing systems. Subsequent to the year
end, the Company entered the mineral resource exploration business through the
acquisition of a 100% interest in Dragon Minerals Holdings Inc., a private
British Virgin Island company. Refer to Note 6.

On March 9, 2001, the Company entered into an asset purchase agreement to
acquire certain hair loss prevention and hair loss regrowth intellectual
property. The Company was to pay CDN$25,000 in monthly installments and issue
700,000 shares of common stock. The Company paid CDN$2,000 (US $1,280) and
issued 700,000 shares of common stock before terminating the agreement on May 1,
2001. The Company is no longer involved in the hair loss business.

The Company is in the early development stage. In a development stage company,
management devotes most of its activities in developing a market for its
products and services. Planned principal activities have not yet begun. The
ability of the Company to emerge from the development stage with respect to any
planned principal business activity is dependent upon its successful efforts to
raise additional equity financing and/or attain profitable operations. There is
no guarantee that the Company will be able to complete any of the above
objectives. During the period since inception on December 13, 2000 to June 30,
2004, the Company has incurred operating losses aggregating $48,676. There is
substantial doubt regarding the Company's ability to continue as a going
concern.

During the prior fiscal year, the Company raised $100,000 from an offering under
an SB-2 Registration Statement that was declared effective December 19, 2003.
Management believes the Company has enough cash on hand to cover estimated
operating expenses for the next twelve months.


2. Summary of Significant Accounting Policies

(a)  Basis  of  Presentation

     The Company has not produced any revenues from its principal business and
     is a development stage company as defined by Statement of Financial
     Accounting Standard ("SFAS") No. 7.

(b)  Use  of  Estimates

     The preparation of financial statements in conformity with accounting
     principles generally accepted in the United States requires management to
     make estimates and assumptions that affect the reported amounts of assets
     and liabilities and disclosure of contingent assets and liabilities at the
     date of the financial statements and the reported amounts of revenues and
     expenses during the periods. Actual results could differ from those
     estimates.

(c)  Year End

     The Company's fiscal year end is March 31.

(d)  Cash and Cash Equivalents

     The Company considers all highly liquid instruments with a maturity of
     three months or less at the time of issuance to be cash equivalents.

                                       F-4
<PAGE>




2. Summary of Significant Accounting Policies (continued)

(e)  Foreign  Currency  Translation

     The Company's functional and reporting currency is the United States
     dollar. Monetary assets and liabilities denominated in foreign currencies
     are translated using the exchange rate prevailing at the balance sheet
     date. Gains and losses arising on translation or settlement of foreign
     currency denominated transactions or balances are included in the
     determination of income. Foreign currency transactions are primarily
     undertaken in Canadian dollars. The Company has not, to the date of these
     financials statements, entered into derivative instruments to offset the
     impact of foreign currency fluctuations.

(f) Basic and Diluted Net Income (Loss) Per Share

     The Company computes net income (loss) per share in accordance with SFAS
     No. 128, "Earnings per Share" (SFAS 128). SFAS 128 requires presentation of
     both basic and diluted earnings per share (EPS) on the face of the income
     statement. Basic EPS is computed by dividing net income (loss) available to
     common shareholders (numerator) by the weighted average number of shares
     outstanding (denominator) during the period. Diluted EPS gives effect to
     all dilutive potential common shares outstanding during the period
     including stock options, using the treasury stock method, and convertible
     preferred stock, using the if-converted method. In computing Diluted EPS,
     the average stock price for the period is used in determining the number of
     shares assumed to be purchased from the exercise of stock options or
     warrants. Diluted EPS excludes all dilutive potential shares if their
     effect is anti dilutive.

(g)  Financial Instruments

     Financial instruments which include cash and equivalents, accounts payable
     and accrued liabilities, and due to related parties were estimated to
     approximate their carrying values due to the immediate or short-term
     maturity of these financial instruments. The Company's operations are in
     Canada and virtually all of its assets and liabilities are giving rise to
     significant exposure to market risks from changes in foreign currency
     rates. The financial risk is the risk to the Company's operations that
     arise from fluctuations in foreign exchange rates and the degree of
     volatility of these rates. Currently, the Company does not use derivative
     instruments to reduce its exposure to foreign currency risk.

(h)  Comprehensive Loss

     SFAS No. 130, "Reporting Comprehensive Income," establishes standards for
     the reporting and display of comprehensive loss and its components in the
     financial statements. As of June 30, 2004 the Company has no items that
     represent comprehensive loss and, therefore, has not included a schedule of
     comprehensive loss in the financial statements.

                                       F-5


<PAGE>


2. Summary of Significant Accounting Policies (continued)

(i)  Recent  Accounting  Pronouncements

     In December 2003, the United States Securities and Exchange Commission
     issued Staff Accounting Bulletin No. 104, "Revenue Recognition" (SAB 104),
     which supersedes SAB 101, "Revenue Recognition in Financial Statements."
     The primary purpose of SAB 104 is to rescind accounting guidance contained
     in SAB 101 related to multiple element revenue arrangements, which was
     superseded as a result of the issuance of EITF 00-21, "Accounting for
     Revenue Arrangements with Multiple Deliverables." While the wording of SAB
     104 has changed to reflect the issuance of EITF 00-21, the revenue
     recognition principles of SAB 101 remain largely unchanged by the issuance
     of SAB 104. The adoption of SAB 104 did not have a material impact on the
     Company's financial statements.

     In May 2003, the FASB issued SFAS No. 150, "Accounting for Certain
     Financial Instruments with Characteristics of both Liabilities and Equity".
     SFAS No. 150 establishes standards for how an issuer classifies and
     measures certain financial instruments with characteristics of both
     liabilities and equity. It requires that an issuer classify a financial
     instrument that is within its scope as a liability (or an asset in some
     circumstances). The requirements of SFAS No. 150 apply to issuers'
     classification and measurement of freestanding financial instruments,
     including those that comprise more than one option or forward contract.
     SFAS No. 150 does not apply to features that are embedded in a financial
     instrument that is not a derivative in its entirety. SFAS No. 150 is
     effective for financial instruments entered into or modified after May 31,
     2003, and otherwise is effective at the beginning of the first interim
     period beginning after June 15, 2003, except for mandatory redeemable
     financial instruments of non-public entities. It is to be implemented by
     reporting the cumulative effect of a change in an accounting principle for
     financial instruments created before the issuance date of SFAS No. 150 and
     still existing at the beginning of the interim period of adoption.
     Restatement is not permitted. The adoption of this standard did not have a
     material effect on the Company's results of operations or financial
     position.

3.  Common  shares

     On June 14, 2004, the Company completed a forward split of its common stock
     on a seven for one basis whereas every share of fully paid common stock
     issued and outstanding immediately prior to the forward split was changed
     into seven new shares of the Company. All share amounts have been
     retroactively adjusted for all periods presented. The increase in common
     shares was accounted for as a reduction in Additional Paid in Capital for
     all periods presented. Additionally, the authorized common shares were
     increased to 500,000,000 shares of common stock and the par value was
     re-authorized at $0.001 per common share.

4.   Related  Party  Transactions/Balances

(a)  Due  to  Related  Parties

     The amount due to related parties represents expenses of $39 (March 31,
     2004 - $6,388) paid on behalf of the Company by a Director and also an
     advance of $120 (March 31, 2004 - $NIL). The amount due is non-interest
     bearing, unsecured and has no specific terms of repayment.

(b) Transactions with director

     During the three month period ended June 30, 2004, the Company paid $2,000
     (June 30, 2003 - $1,200) for consulting services performed by a director of
     the Company.

                                       F-6

<PAGE>


5.   Deferred  Financing  Costs

     The Company incurred $12,235 in legal fees related to the 100% acquisition
     of the issued and outstanding shares of Dragon Minerals Holdings Inc. Refer
     to Note 6.

6.  Subsequent  Event

     a)   The Company entered into an Agreement dated July 15, 2004 with Dragon
          Minerals Holdings Inc. ("Dragon Minerals"), a private British Virgin
          Islands company, to acquire 100% of the issued and outstanding common
          shares of Dragon Minerals in exchange for 16,500,000 common shares of
          the Company. Dragon Minerals is involved in mineral property
          acquisition and exploration in China.

     b)   The Company entered into an Agreement dated July 19, 2004 with a
          former director to sell all tangible and intangible assets related to
          the Company's business of the development of a Linux based application
          server and thin client computing system, in consideration for $1,000.

                                       F-7

<PAGE>

ITEM  2.  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS.

FORWARD  LOOKING  STATEMENTS

The information in this quarterly report contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"). These forward-looking statements involve risks and uncertainties,
including statements regarding the Company's capital needs, business strategy
and expectations. Any statements contained herein that are not statements of
historical facts may be deemed to be forward-looking statements. In some cases,
you can identify forward-looking statements by terminology such as "may",
"will", "should", "expect", "plan", "intend", "anticipate", "believe",
"estimate", "predict", "potential" or "continue", the negative of such terms or
other comparable terminology. Actual events or results may differ materially. In
evaluating these statements, you should consider various factors, including the
risks outlined from time to time, in other reports Dragon Gold Resources, Inc.
(the "Company") files with the Securities and Exchange Commission (the "SEC").
These factors may cause the Company's actual results to differ materially from
any forward-looking statement. The Company disclaims any obligation to publicly
update these statements, or disclose any difference between its actual results
and those reflected in these statements. The information constitutes
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995.

As used in this quarterly report, the terms "we", "us", "our", "our company",
and "Company" mean Dragon Gold Resources, Inc., unless otherwise indicated.

GENERAL

Dragon  Gold  Resources,  Inc.  is  a  corporation  originally  formed  as Folix
Technologies  Inc.,  under the laws of the State of Nevada on December 13, 2000.
We  were  a high technology development stage company engaged in the development
of  an  initial  product.

Our initial product was a client-server system that can run computer programs
from a centralized server on a user terminal. We built our products using a new
method of software development called Open Source Software. Open Source Software
has been a very successful phenomenon since it allows a community of users with
a common need to share the cost of developing software and not to be held
hostage by a single vendor of computer programs. Our products were to contain
commodity computer hardware components that run Open Source Software. This would
have allowed us to offer reliable systems to future customers at reasonable
prices.

During the last fiscal year ending March 31, 2004, the Company raised $100,000
for its old business plan from an offering under an SB-2 Registration Statement
that was declared effective December 19, 2003.

The Company is in the early development stage. In a development stage company,
management devotes most of its activities in developing a market for its
products and services. Planned principal activities have not yet begun. The
ability of the Company to emerge from the development stage with respect to any
planned principal business activity is dependent upon its successful efforts to
raise additional equity financing and/or attain profitable operations. The
Company has abandoned all of the above objectives. During the period since
inception on December 13, 2000 to June 30, 2004, the Company has incurred
operating losses aggregating $48,676.
<PAGE>

RECENT  EVENTS

     On July 15, 2004, the Company acquired 100% of the issued and outstanding
common stock of Dragon Minerals Holdings, Inc. ("Dragon") in exchange for
16,500,000 newly issued shares of the Company's common stock pursuant to an
Exchange Agreement whereby Dragon became a wholly-owned subsidiary of the
Company (the "Exchange"). At closing, there were 66,896,794 issued and
outstanding shares of the Company following the issuance to the Dragon
shareholder.

     Subsequent to the Exchange, the Company entered into an agreement with
Gregory Corcoran whereby the Company transferred certain assets held immediately
prior to the Exchange, and the Company's then existing liabilities related
thereto, to Gregory Corcoran, the Company's former President and Chief Executive
Officer, in consideration for $1,000. The Company is transferring the following
assets to Mr. Corcoran: the tangible assets excluding cash and the intangible
assets including i) the right to the name "Folix Technologies, Inc."; ii) the
right to operate the business of developing a Linux based application server and
thin client system; and iii) any contracts, agreements, rights or other
intangible property, owned by the Company immediately prior to the Exchange
(collectively referred to as the "Assets"). The Company also transferred the
liabilities that relate to the Assets to Mr. Corcoran.

     The Company is a holding company for Dragon which in turn holds all of the
common stock of Dragon Minerals Inc., an International Business Company
incorporated under the laws of the British Virgin Islands ("Dragon Minerals").
The business operations discussed below are those contemplated by the current
strategy of the Company.

DESCRIPTION  OF  THE  PRINCIPAL  PRODUCTS  AND  SERVICES

     The Company does not currently offer any products or services. The Company
has signed two letters of intent (the "Letters of Intent") to enter into two (2)
joint ventures for gold exploration and potential development on a choice of
properties located in Shaanxi, discussed in more detail below. The Letters of
Intent anticipate that the Company will contribute cash to the joint ventures.
The other parties to the joint ventures would contribute permits for exploration
and development on an aggregate of up to thirteen (13) properties (the
"Permits"). The government of China owns the properties to which the Permits
relate. The Permits grant the right to the mineral resources found below the
surface of the properties.

     The Letters of Intent contemplate two phases of activities: the exploration
phase and the development phase. The development phase is contingent on, and
will not proceed unless there are, positive results from the exploration phase.
At this time, the Company has not entered into any joint ventures, raised any
cash or contributed any cash to any joint ventures, or selected any properties
for gold exploration and potential development. However, the Company is
currently in negotiations for financing in the amount of $200,000 of which no
assurance can be provided that we will raise any funds.
<PAGE>

MARKET  OVERVIEW

     Most multi-metallic and gold deposits in the Shaanxi Province of China are
located in the Qinling Mountain belt and surrounding regions. The gold deposits
can be divided into three (3) gold provinces: Xiao Qinling, Qinling and Southern
Shaanxi gold provinces. The Xiao Qinling gold province is currently the second
largest gold producing area in China. The Qinling gold province is west of the
Xiao Qinling gold province. Explorers unrelated to the Company have recently
discovered gold deposits in the Qinling gold province. The Company has entered
into two (2) agreements whereby the Company will enter into two (2) joint
ventures for the exploration and development of up to thirteen (13) properties.

     One (1) of the properties covered by the agreements to enter into joint
ventures is located within the Xiao Qinling gold province. Seven (7) of the
properties are located within the Qinling gold province. Four (4) of the
properties are located within the Southern Shaanxi gold province. A fifth (5th)
property is also located within the Southern Shaanxi gold province, but more
specifically, in an area called Chuan-Shaan-Gan gold triangular zone.

RESEARCH  &  DEVELOPMENT

     The Company has not conducted any research and development activities since
inception. The Company does not have plans to conduct any research and
development during the next twelve months. The Company does however intend to
conduct exploration and development activities on up to thirteen (13) properties
in Shaanxi during the next twelve months.

EMPLOYEES

     The Company does not currently have any employees on either a part-time or
full-time basis. The Company intends to use consultants and other forms of
contract or outsourced labor during the next twelve months.

PLAN  OF  OPERATION  FOR  OUR  OLD  BUSINESS

     The plan of operations detailed below relates to our old business which was
focused on high technology. Since the purchase of Dragon in July 2004, our new
focus has been gold exploration and development.

     Previously we defined our development stage, as the twelve-month period of
time that we believed it would take us to develop our initial product. We raised
$100,000 from an offering under an SB-2 Registration Statement that was declared
effective December 19, 2003. We believed that we had enough cash on hand to
cover basic operating expenses during our development stage.
<PAGE>

     Our business plan was to proceed with the development of our initial
product so it could be sold. Development of our initial product was expected to
cost us $20,000 for computer hardware plus an additional $68,000 in consulting
fees. For the current fiscal year we expected that the consulting fees would be
broken down as follows:

                                                             ANTICIPATED  FEES
                                                           CONSULTANT  THROUGH-
                                                          OUT  THE  FISCAL  YEAR
Mr. Corcoran - Project Management and Development Work
                                                                         $24,000
Consultant  1  -  Central  Server  Build  System
                                                                         $16,000
Consultant  2  -  Thin  Client  Boot  System
                                                                         $16,000
Consultant  3  -  Testing  and  Quality  Assurance
                                                                         $12,000

     In addition, the Company anticipated that it will incur aggregate expenses
of $12,000 for legal and accounting fees to fulfill its SEC reporting
obligations throughout the current fiscal year.

     Continuing throughout the current fiscal year, the Company anticipated it
would perform approximately 720 hours of research and development of a central
server and thin client.

     The Company did not plan on hiring any full-time or part-time employees
during the next twelve months. The Company would have continued to use
consultants or service providers for its required services.

COMPARISON  OF  OPERATING  RESULTS  PERTAINING  TO OUR PRIOR BUSINESS OPERATIONS

FISCAL  QUARTER  ENDED  JUNE  30, 2004 COMPARED TO FISCAL QUARTER ENDED JUNE 30,
2003

     We have not earned any revenue since inception at December 13, 2000 to
December 31, 2003. We are presently in the development stage of our business.

     Expenses increased $18,516 from $2,278 during the fiscal quarter ended June
30, 2003, to $20,794 (or %813) for the fiscal quarter ended June 30, 2004. The
increase in expenses was attributable to and increase of $12,925 in legal and
organizational fees from $120 for the quarter ended June 30, 2003 to $13,045 for
the quarter ended June 30, 2004.

     The expenses incurred during the fiscal quarter ended June 30, 2004,
consisted of accounting and audit of $3,350, bank charges of $281, consulting of
$2,000, foreign exchange of $157, legal and organizational of $13,045, office
and telephone of $109, and transfer agent filing fees of $1,852. The expenses
incurred during the fiscal quarter ended June 30, 2004, totaled $20,794 which
was $18,516 more then the quarter ending June 30, 2003.

     The Company had a net loss of $20,794 for the fiscal quarter ended June 30,
2004, as compared to a net loss of $2,278 for the fiscal quarter ended June 30,
2003. The Company had an accumulated deficit of $48,676 as of June 30, 2004.

<PAGE>

LIQUIDITY  AND  CAPITAL  RESOURCES

     As of June 30, 2004, the Company had cash of $55,912, which was its only
current asset. The Company also had $12,235 of deferred financing costs due to
$12,235 in legal fees related to the 100% acquisition of the issued and
outstanding shares of Dragon Mineral Holdings Inc. As of June 30, 2004, the
Company had total current liabilities of $5,954, consisting of accounts payable
of $845, accrued liabilities of $4,950 and an amount due to related parties of
$159, which includes expenses of $39 paid on behalf of the Company by a Director
and also an advance of $120. The amount due is non-interest bearing, unsecured
and has no specific terms of repayment.

     As of June 30, 2004, the Company had $49,958 of working capital, compared
to $82,987 of working capital as of June 30, 2003.

     For the fiscal quarter ended June 30, 2004, the Company used $45,117 of its
cash in its operations, which included $26,613 used in operating activities and
$18,504 used in financing activities.

     The Company did not have any cash flows from investing activities during
the fiscal quarter ended June 30, 2004.

     The Company cannot make any assurance that financing will be available on
terms favorable to the Company, or at all. The Company has no commitments from
officers, directors or affiliates to provide funding. There can be no assurance
that any new capital will be available to the Company or that adequate funds
will be sufficient for Company operations, whether from the Company's financial
markets or private sources, or that other arrangements will be available when
needed or on terms satisfactory to the Company. If adequate funds are not
available to the Company on acceptable terms, the Company will have to delay,
curtail or scale back some or all of its operations.

     These statements refer to our old business plan. On July 15, 2004 the
Company completed a reverse merger with Dragon Minerals Holdings Inc., an
International Business Company incorporated under the laws of the British Virgin
Islands.

RISK  FACTORS

     We have included risk factors pertaining to our new business as we feel
this is more pertinent to potential investors.

     We are subject to all the risks inherent to a development stage company.
These risks include, but are not limited to, a limited operating history,
dependency on key personnel, limited resources, possible failure of our research
and development efforts, failure to complete adequate financings and failure to
meet contractual obligations. Our operating results may be materially affected
by the "RISK FACTORS" discussed below as well as other risks and uncertainties
not discussed herein:

RISKS  RELATED  TO  OUR  BUSINESS

     LETTERS OF INTENT. The Company has entered into two (2) letters of intent
whereby the Company will enter into two (2) joint ventures for the exploration
and development of up to thirteen (13) properties in Shaanxi. Pursuant to one
letter of intent, the Company will enter in a Sino-Foreign cooperative joint
venture company with the Bureau for the exploration and development of up to
twelve (12) properties. Pursuant to the other letter of intent, the Company will
enter into a Sino-Foreign cooperative joint venture company with Northwest for
exploration and development of one (1) property. Pursuant to the letters of
intent, the Company will contribute cash to the joint ventures. The other
parties to the joint ventures will contribute up to thirteen (13) properties on
which the gold exploration and potential development will be conducted. The
Company has not currently entered into any definitive agreements or joint
ventures. The Company is in continued negotiations with the other parties to the
letters of intent regarding contributions of the properties and the Company's
contribution of cash. Currently, the joint ventures have not been formed, the
Company has not raised or contributed any cash, none of the properties have been
contributed, and there is no program of exploration and development. There can
be no assurance that the Company will enter into any definitive agreements or
joint ventures, that the Company will make any cash contributions or that other
parties to the letters of intent will contribute any property. In the event that
any of the foregoing events do not occur, the Company's business will fail.
<PAGE>


     NEED FOR ADDITIONAL FINANCING. The Company will be required to contribute
cash to the joint ventures on a continuing basis, however, the exact amount of
continued capital commitment required by the Company is not known at this time.
The Company does not have any commitments or identified sources of capital from
third parties or from the Company's officers, directors or majority
shareholders. There is no assurance that financing will be available on
favorable terms, if at all. If the Company is unable to raise such financing, it
will not be able to enter into the joint ventures and its business will fail.

     TITLE TO THE PROPERTIES. The government of China owns the land on which the
Company intends to conduct exploration and development through a joint venture
with the Bureau and a joint venture with Northwest. The Bureau and Northwest are
local government departments. They have permits that give them the right to the
mineral resources found under the surface of the properties. Pursuant to the
letters of intent, the Bureau and Northwest will contribute Permits for up to an
aggregate of thirteen (13) properties and the Company will contribute cash to
the joint venture. The Company has not currently entered into any definitive
agreements or joint ventures. The Company is in continued negotiations with the
Bureau and Northwest regarding contributions of the properties and the Company's
contribution of cash. Currently, the joint ventures have not been formed, the
Company has not raised or contributed any cash, none of the properties have been
contributed, and there is no program of exploration and development. If the
Company, the Bureau or Northwest do not make the contributions contemplated
under the letters of intent, the Company will not have any rights with respect
to the properties.

     RELIANCE ON KEY MANAGEMENT. The Company's success depends upon the personal
efforts and abilities of Johannes Petersen, a Director of the Company and the
Company's Chief Executive Officer and President, and Xiaojun ("Albert") Cui, a
Director of the Company. The Company's ability to operate and implement its
business plan is heavily dependent on the continued service of Messrs. Petersen
and Cui, and the Company's ability to attract, retain and motivate qualified
consultants and other outsourced labor, particularly in the area of gold
exploration and development. The Company faces aggressive and continued
competition for such personnel, qualified consultants and other outsourced
labor. The Company cannot be certain that it will be able to attract, retain and
motivate such personnel, qualified consultants and other outsourced labor. The
loss of Mr. Petersen or Mr. Cui, or the Company's inability attract, retain and
motivate such personnel, qualified consultants and other outsourced labor would
have a material adverse effect on the Company's business and operations.
<PAGE>

     BECAUSE MESSRS. CORCORAN AND TSAKOK OWN AN AGGREGATE OF 59.1% OF THE
COMPANY'S OUTSTANDING COMMON STOCK, THEY WILL EXERCISE CONTROL OVER CORPORATE
DECISIONS THAT MAY BE ADVERSE TO OTHER MINORITY SHAREHOLDERS. Gregory Corcoran,
a former Director of the Company and the Company's former President, Chief
Executive Officer, Secretary, Treasurer and Chief Financial Officer, and Raoul
Tsakok beneficially own an aggregate of 59.1% of the issued and outstanding
shares of the Company's common stock. Accordingly, they will exercise control in
determining the outcome of all corporate transactions or other matters,
including mergers, consolidations and the sale of all or substantially all of
our assets, and also the power to prevent or cause a change in control. The
interests of Messrs. Corcoran and Tsakok may differ from the interests of the
other stockholders and thus result in corporate decisions that are adverse to
other shareholders.

RISKS  RELATED  TO  OUR  COMMON  STOCK

     IF THERE'S A MARKET FOR OUR COMMON STOCK, OUR STOCK PRICE MAY BE VOLATILE.
If there's a market for our common stock, we anticipate that such market would
be subject to wide fluctuations in response to several factors, including, but
not limited to:

     (1) actual or anticipated variations in our results of operations; (2) our
     ability or inability to generate new revenues; (3) increased competition;
     and (4) conditions and trends in the gold exploration, development and
             production  industry.

Further, because our common stock is traded on the NASD over the counter
bulletin board, our stock price may be impacted by factors that are unrelated or
disproportionate to our operating performance. These market fluctuations, as
well as general economic, political and market conditions, such as recessions,
interest rates or international currency fluctuations may adversely affect the
market price of our common stock.

CRITICAL  ACCOUNTING  POLICIES

     Our discussion and analysis of our financial condition and results of
operations is based upon our audited financial statements, which have been
prepared in accordance with accounting principals generally accepted in the
United States. The preparation of these financial statements requires us to make
estimates and judgments that affect the reported amounts of assets, liabilities,
revenues and expenses, and related disclosure of any contingent assets and
liabilities. On an on-going basis, we evaluate our estimates. We base our
estimates on various assumptions that we believe to be reasonable under the
circumstances, the results of which form the basis for making judgments about
carrying values of assets and liabilities that are not readily apparent from
other sources. Actual results may differ from these estimates under different
assumptions or conditions.

     We believe the following critical accounting policies affect our more
significant judgments and estimates used in the preparation of our financial
statements:

     Going Concern. The Company is in its early development stage as the
Company's management devotes most of its activities developing a market for its
products and services and planned principal activities have not begun. The
Company has not generated any revenues since inception and has incurred
substantial losses. These factors among others indicate that the Company may be
unable to continue as a going concern, particularly in the event that it cannot
obtain additional financing and/or attain profitable operations. The Company's
continuation as a going concern depends upon its ability to generate sufficient
cash flow to conduct its operations and its ability to obtain additional sources
of capital and financing. The accompanying financial statements do not include
any adjustments that might result from the outcome of this uncertainty.

     Foreign Currency Translation. The Company's primary functional currency is
the United States Dollar. Monetary assets and liabilities denominated in foreign
currencies are translated using the exchange rate prevailing at the balance
sheet date. Gains and losses arising on translation or settlement of foreign
currency denominated transactions or balances are included in the determination
of income. The change in location of the Company's headquarters to London will
result in the Company transacting business in British Pounds which may result in
foreign currency translation risks. The Company has not, to the date of the
financials statements provided herein, entered into any derivative instruments
to offset the impact of foreign currency fluctuations. Significant fluctuations
in the price of British Pounds relative to the U.S. Dollar would have a
substantial impact on the Company's account balances that will be converted into
U.S. Dollars.
<PAGE>

ITEM  3.   CONTROLS  AND  PROCEDURES

(a)  Evaluation of disclosure controls and procedures. Our chief executive
     officer and principal financial officer, after evaluating the effectiveness
     of the Company's "disclosure controls and procedures" (as defined in the
     Securities Exchange Act of 1934 Rules 13a-15(e) and 15d-15(e)) as of the
     end of the period covered by this quarterly report (the "Evaluation Date"),
     has concluded that as of the Evaluation Date, our disclosure controls and
     procedures were effective and designed to ensure that material information
     required to be disclosed by the Company in the reports that it files or
     submits under the Exchange Act of 1934 is 1) recorded, processed,
     summarized and reported, within the time periods specified in the
     Commission's rules and forms; and 2) accumulated and communicated to him as
     appropriate to allow timely decisions regarding required disclosure.

(b)  Changes in internal control over financial reporting. We did not experience
     any changes in our internal control over financial reporting during
     our most recent fiscal quarter that materially affected, or were reasonably
     likely to materially affect, our internal control over financial reporting.

                           PART II - OTHER INFORMATION

ITEM  1.  LEGAL  PROCEEDINGS.

The Company currently is not a party to any material legal proceedings and, to
the Company's knowledge, no such proceedings are threatened or contemplated.

ITEM  2.  CHANGES  IN  SECURITIES.

(a)  Effective June 14, 2004, the Registrant changed its name to Dragon Gold
     Resources, Inc., affected a 7:1 forward stock split, increased the amount
     of authorized shares to Five Hundred Million (500,000,000) shares of common
     stock, and reauthorized the par value of $.001 per share of common stock.
     Approximately 50,396,794 shares of common stock were outstanding following
     the forward stock split. As a result of the name change, the Registrant's
     common stock trades under the new stock symbol "DRGO.
<PAGE>

(c)  On July 15, 2004, the Company authorized the issuance of 16,500,000 newly
     issued shares of the Registrant's common stock pursuant to an Exchange
     Agreement whereby Dragon Minerals Holdings Inc., an International Business
     Company incorporated under the laws of the British Virgin Islands, became a
     wholly-owned subsidiary of the Registrant. The Company claims an exemption
     from registration afforded by Section 4(2) of the Act since the foregoing
     issuances did not involve a public offering, the recipients had access to
     information that would be included in a registration statement, took the
     shares for investment and not resale and the Company took appropriate
     measures to restrict transfer.

ITEM  3.  DEFAULT  UPON  SENIOR  SECURITIES.

None.

ITEM  4.  SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS.

         On June 1, 2004, at a consent to action without a meeting, a majority
of the shareholders of the Company amended the articles of incorporation to
reflect a name change to Dragon Gold Resources, Inc., to reflect a 7:1 forward
stock split, to increase the authorized shares to Five Hundred Million
(500,000,000) shares of common stock and to re-authorize the par value of $.001
per share of common stock. Gregory Corcoran the majority shareholder with
4,000,000 of the total 7,199,542 outstanding shares at the time voted to approve
the items mentioned above, no other shareholders participated in the vote.

ITEM  5.  OTHER  INFORMATION.

     On July 15, 2004, Gregory Corcoran, acting as the sole Director of the
Registrant, increased the number of directors from one to three. On July 15,
2004, the Registrant's Board of Directors appointed Johannes Petersen and
Xiaojun ("Albert") Cui to fill vacancies created thereon. On July 15, 2004,
Gregory Corcoran resigned as a Director and as President, Chief Executive
Officer, Secretary, Treasurer and Chief Financial Officer of the Registrant. On
that same day, the Registrant's Board of Directors appointed Johannes Petersen
as the President, Chief Executive Officer, Secretary, Treasurer and Chief
Financial Officer of the Registrant.

ITEM  6.  EXHIBITS  AND  REPORTS  ON  FORM  8-K.

a. Exhibits

Exhibit  Number           Description  of  Exhibit
---------------           ------------------------
2.1                       Exchange  Agreement  (1)

3.1                       Articles  of  Incorporation   (2)

3.2                       Certificate  of  Amendment  (3)

3.3                       By-Laws  (2)

10.1                      Business  Plan  Purchase  Agreement     (2)
<PAGE>

31.1     Certification  of Chief  Executive Officer and Chief Financial Officer
         pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302
         of  the Sarbanes-Oxley  Act  of  2002  (*)

32.1      Certification  of Chief Executive Officer and  Chief Financial Officer
          pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906
          of  the Sarbanes-Oxley  Act  of  2002  (*)

(1)  Filed as Exhibit 2.1 on Form 8-K filed on July 30, 2004, and incorporated
     herein by reference.

(2)  Filed as Exhibits 3.1,3.2 and 10.1 to registration statement on Form SB-2
     filed on August 13, 2003, as amended, and incorporated herein by reference.

(3)  Filed as Exhibit 3.1 to report on Form 8-K filed on June 14, 2004, and
     incorporated herein by reference.

(*)  Filed as an Exhibit to this Quarterly Report on Form 10-QSB

b.   Reports on Form 8-K

     (1) The Company filed a Form 8-K on May 27, 2004, to report the
client-auditor relationship between the Company (at that time named Folix
Technologies, Inc.) and Lancaster & David, Chartered Accountants, ceased as the
former accountant declined to stand for re-election. The Company's management
engaged Manning Elliott, Chartered Accountants as its principal independent
public accountant for the fiscal year ended March 31, 2004.

     (2) The Company filed a Form 8-K on June 14, 2004, to report that the
Company changed its name to Dragon Gold Resources, Inc., affected a 7:1 forward
stock split, increased the amount of authorized shares to Five Hundred Million
(500,000,000) shares of common stock, and reauthorized the par value of $.001
per share of common stock. As a result of the name change, the Registrant's
common stock began trading under the new stock symbol "DRGO."

     (3) The Company filed a Form 8-K on July 30, 2004, to report the
acquisition of 100% of the issued and outstanding common stock of Dragon
Minerals Holdings Inc. in exchange for 16,500,000 newly issued shares of the
Company's common stock.

                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company
has duly caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
                                               DRAGON  GOLD  RESOURCES,  INC.
                                               (Registrant)
                                               By:  /s/  Johannes  Petersen
                                                    -------------------------
                                                Johannes  Petersen
                                                Chief Executive Officer and
                                                Chief Financial Officer

Dated:  July 21, 2005


<PAGE>


                                  EXHIBIT 31.1

CERTIFICATION  OF  CHIEF  EXECUTIVE  OFFICER  AND  PRINCIPAL  FINANCIAL  OFFICER
PURSUANT  TO  SECTION  302  OF  THE  SARBANES-OXLEY  ACT  OF  2002

I,  JOHANNES  PETERSEN,  CERTIFY  THAT:

1.   I HAVE REVIEWED THIS QUARTERLY REPORT ON FORM 10-QSB OF DRAGON GOLD
     RESOURCES, INC.

2.   BASED ON MY KNOWLEDGE, THIS REPORT DOES NOT CONTAIN ANY UNTRUE STATEMENT OF
     A MATERIAL FACT OR OMIT TO STATE A MATERIAL FACT NECESSARY TO MAKE THE
     STATEMENTS MADE, IN LIGHT OF THE CIRCUMSTANCES UNDER WHICH SUCH STATEMENTS
     WERE MADE, NOT MISLEADING WITH RESPECT TO THE PERIOD COVERED BY THIS
     REPORT;

3.   BASED ON MY KNOWLEDGE, THE FINANCIAL STATEMENTS, AND OTHER FINANCIAL
     INFORMATION INCLUDED IN THIS REPORT, FAIRLY PRESENT IN ALL MATERIAL
     RESPECTS THE FINANCIAL CONDITION, RESULTS OF OPERATIONS AND CASH FLOWS OF
     THE SMALL BUSINESS ISSUER AS OF, AND FOR, THE PERIODS PRESENTED IN THIS
     REPORT;

4.   AS THE SMALL BUSINESS ISSUER'S CERTIFYING OFFICER, I AM RESPONSIBLE FOR
     ESTABLISHING AND MAINTAINING DISCLOSURE CONTROLS AND PROCEDURES (AS DEFINED
     IN EXCHANGE ACT RULES 13A-15(E) AND 15D-15(E)) FOR THE SMALL BUSINESS
     ISSUER AND HAVE:

A)   DESIGNED SUCH DISCLOSURE CONTROLS AND PROCEDURES, OR CAUSED SUCH DISCLOSURE
     CONTROLS AND PROCEDURES TO BE DESIGNED UNDER MY SUPERVISION, TO ENSURE THAT
     MATERIAL INFORMATION RELATING TO THE SMALL BUSINESS ISSUER, INCLUDING ITS
     CONSOLIDATED SUBSIDIARIES, IS MADE KNOWN TO ME BY OTHERS WITHIN THOSE
     ENTITIES, PARTICULARLY DURING THE PERIOD IN WHICH THIS REPORT IS BEING
     PREPARED;

B)   PARAGRAPH OMITTED IN ACCORDANCE WITH SEC TRANSITION INSTRUCTIONS CONTAINED
     IN SEC RELEASE NO. 33-8238;

C)   EVALUATED THE EFFECTIVENESS OF THE SMALL BUSINESS ISSUER'S DISCLOSURE
     CONTROLS AND PROCEDURES AND PRESENTED IN THIS REPORT MY CONCLUSIONS ABOUT
     THE EFFECTIVENESS OF THE DISCLOSURE CONTROLS AND PROCEDURES, AS OF THE END
     OF THE PERIOD COVERED BY THIS REPORT BASED ON SUCH EVALUATION; AND

D)   DISCLOSED IN THIS REPORT ANY CHANGE IN THE SMALL BUSINESS ISSUER'S INTERNAL
     CONTROL OVER FINANCIAL REPORTING THAT OCCURRED DURING THE SMALL BUSINESS
     ISSUER'S MOST RECENT FISCAL QUARTER (THE SMALL BUSINESS ISSUER'S FOURTH
     FISCAL QUARTER IN THE CASE OF AN ANNUAL REPORT) THAT HAS MATERIALLY
     AFFECTED, OR IS REASONABLY LIKELY TO MATERIALLY AFFECT, THE SMALL BUSINESS
     ISSUER'S INTERNAL CONTROL OVER FINANCIAL REPORTING; AND

5.   I HAVE DISCLOSED, BASED ON MY MOST RECENT EVALUATION OF INTERNAL CONTROL
     OVER FINANCIAL REPORTING, TO THE SMALL BUSINESS ISSUER'S AUDITORS AND THE
     AUDIT COMMITTEE OF THE SMALL BUSINESS ISSUER'S BOARD OF DIRECTORS (OR
     PERSONS PERFORMING THE EQUIVALENT FUNCTIONS):

ALL SIGNIFICANT DEFICIENCIES AND MATERIAL WEAKNESSES IN THE DESIGN OR OPERATION
OF INTERNAL CONTROL OVER FINANCIAL REPORTING WHICH ARE REASONABLY LIKELY TO
ADVERSELY AFFECT THE SMALL BUSINESS ISSUER'S ABILITY TO RECORD, PROCESS,
SUMMARIZE AND REPORT FINANCIAL INFORMATION; AND

ANY FRAUD, WHETHER OR NOT MATERIAL, THAT INVOLVES MANAGEMENT OR OTHER EMPLOYEES
WHO HAVE A SIGNIFICANT ROLE IN THE SMALL BUSINESS ISSUER'S INTERNAL CONTROL OVER
FINANCIAL REPORTING.

DATE:  July 21, 2005


                                   BY:  /S/  JOHANNES  PETERSEN
                                   -------------------------------
                                   JOHANNES  PETERSEN,
                                   CHIEF  EXECUTIVE  OFFICER  AND
                                   CHIEF  FINANCIAL  OFFICER

<PAGE>


                                  EXHIBIT 32.1

    CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND PRINCIPAL FINANCIAL OFFICER
 PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE
                           SARBANES-OXLEY ACT OF 2002


I, JOHANNES PETERSEN, CERTIFY, PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED
PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002, THAT THE QUARTERLY
REPORT OF DRAGON GOLD RESOURCES, INC. ON FORM 10-QSB FOR THE QUARTERLY PERIOD
ENDED JUNE 30, 2004 FULLY COMPLIES WITH THE REQUIREMENTS OF SECTION 13(A) OR
15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 AND THAT INFORMATION CONTAINED IN
SUCH FORM 10-QSB FAIRLY PRESENTS IN ALL MATERIAL RESPECTS THE FINANCIAL
CONDITION AND RESULTS OF OPERATIONS OF DRAGON GOLD RESOURCES, INC.

DATE:  July 21, 2005

                                   BY:  /S/  JOHANNES  PETERSEN
                                       ------------------------
                                       JOHANNES  PETERSEN,
                                       CHIEF  EXECUTIVE  OFFICER  AND
                                       CHIEF  FINANCIAL  OFFICER