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

                                  FORM 10-QSB/A
                                 Amendment No. 2

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

                For the quarterly period ended September 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
                                                               ----   ----

50,896,794 shares of issuer's common stock, $.001 par value, were outstanding as
of November 11, 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.)
(An Exploration Stage Company)
(Unaudited)

                                                                           Index

Consolidated Balance Sheets                                                  F-1

Consolidated Statements of Operations                                        F-2

Consolidated Statements of Cash Flows                                        F-3

Notes to the Consolidated Financial Statements                               F-4


<PAGE>





Dragon Gold Resources, Inc.
(formerly Folix Technologies, Inc.)
(An Exploration Stage Company)
Consolidated Balance Sheets
(expressed in U.S. dollars)

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

Assets

Current Assets

  Cash                                                   159,757       101,029
  Prepaid expenses and deposits                            6,287             -
--------------------------------------------------------------------------------
Total Current Assets                                     166,044       101,029

Intangible Assets (Note 3)                                14,688             -
--------------------------------------------------------------------------------
Total Assets                                             180,732       101,029
================================================================================

Liabilities and Stockholders' Equity

Current Liabilities

  Accounts payable                                        13,319        1,478
  Accrued liabilities                                      5,750       10,176
  Due to related parties (Note 5)                          6,079        6,388
--------------------------------------------------------------------------------
Total Current Liabilities                                 25,148       18,042
--------------------------------------------------------------------------------
Commitments (Note 1)

Stockholders' Equity

Common Stock, 500,000,000 common shares authorized
with a par value of $0.001, 50,896,794 and 50,396,794
 common shares issued and outstanding, respectively       50,897        50,397

Additional Paid In Capital                               424,972        60,472

Deficit Accumulated During the Exploration Stage        (320,285)      (27,882)
--------------------------------------------------------------------------------
Total Stockholders' Equity                               155,584        82,987
--------------------------------------------------------------------------------
Total Liabilities and Stockholders' Equity               180,732       101,029
================================================================================



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

<PAGE>


Dragon Gold Resources, Inc.
(formerly Folix Technologies, Inc.)
(An Exploration Stage Company)
Consolidated Statements of Operations
(expressed in U.S. dollars)
(Unaudited)
<TABLE>
                                                                                                           Accumulated From
                                                                                                           December 13, 2000
                                                   Three Months Ended              Six Months Ended     (Date of Inception) to
                                             September 30,   September 30,   September 30,   September 30,   September 30,
                                                  2004            2003           2004            2003            2004
                                                    $               $              $               $               $
<S>                                           <C>            <C>             <C>             <C>            <C>


Revenue                                             -               -              -               -               -
---------------------------------------------------------------------------------------------------------------------------
Expenses

  Accounting and audit                            3,300             -           3,300             -             3,300
  Amortization                                      312             -             312             -               312
  Consulting (Note 4(b))                         39,800             -          39,800             -            39,800
  Foreign exchange                                  573             -             573             -               573
  General and administrative                      7,599             -           7,599             -             7,599
  Legal and organizational                       20,607             -          20,607             -            20,607
  Mineral property costs                        184,579             -         184,579             -           184,579
  Rent and utilities                              6,120             -           6,120             -             6,120
  Transfer agent and filing fees                  2,577             -           2,577             -             2,577
  Travel and promotion                            7,142             -           7,142             -             7,142
---------------------------------------------------------------------------------------------------------------------------
Total Expenses                                  272,609             -         272,609             -           272,609
---------------------------------------------------------------------------------------------------------------------------
Net Loss Before Discontinued Operations       (272,609)             -        (272,609)            -          (272,609)

Discontinued operations                          1,000         (5,585)        (19,794)       (7,863)          (47,676)
---------------------------------------------------------------------------------------------------------------------------
Net Loss for the Period                       (271,609)        (5,585)       (292,403)       (7,863)         (320,285)
===========================================================================================================================

Net Loss Before Discontinued Operations          (0.01)            -         (0.01)            -
Net Loss from Discontinued operations                -             -             -             -
Net Loss Per Share - Basic and Diluted           (0.01)            -         (0.01)            -
===========================================================================================================================

Weighted Average Shares Outstanding        50,763,000    46,807,000    50,630,000    46,717,000
===========================================================================================================================
</TABLE>



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


<PAGE>



Dragon Gold Resources, Inc.
(formerly Folix Technologies, Inc.)
(An Exploration Stage Company)
Consolidated Statements of Cash Flows
(expressed in U.S. dollars)
(Unaudited)
<TABLE>

                                                            Six Months       Six Months
                                                               Ended           Ended
                                                           September 30,    September 30,
                                                                2004            2003
                                                                  $               $
<S>                                                         <C>             <C>


Cash Flows to Operating Activities

  Net loss for the period                                     (292,403)        (7,863)

  Adjustments to reconcile net loss to net cash used
  In operating activities
    Amortization                                                   312              -
    Mineral property costs                                     165,000              -

  Change in operating assets and liabilities
    (Increase) in deposits and prepaid expenses                 (6,287)        (2,218)
    (Decrease) in accounts payable and accrued liabilities      (2,585)        (2,020)
    (Decrease) in amounts due to related parties                  (309)          (374)
--------------------------------------------------------------------------------------
Net Cash Used in Operating Activities                         (136,272)       (12,475)
--------------------------------------------------------------------------------------
Cash Flows from Investing Activities
    Purchase of intangible assets                              (5,000)              -
Net Cash Used in Investing Activities                          (5,000)              -
Cash Flows from Financing Activities
  Proceeds from related party loan                                  -           7,608
  Proceeds from issuance of common shares                     200,000           5,000
Net Cash Provided by Financing Activities                     200,000          12,608
Increase in cash                                               58,728             133

Cash - beginning of period                                    101,029              87

Cash - end of period                                          159,757             220

Non-Cash Financing Activities
  Amount owing for purchase of intangible assets               10,000               -
  Issuance of common stock for acquisition of subsidiary      165,000               -
  Cancellation of common stock                                (16,400)              -

Supplemental Disclosures

  Interest paid                                                     -               -
  Income tax paid                                                   -               -


</TABLE>

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

<PAGE>



Dragon Gold Resources, Inc.
(formerly Folix Technologies, Inc.)
(An Exploration Stage Company)
Consolidated Statements of Cash Flows
(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. During
     the six month period ending September 30, 2004, the Company entered the
     mineral resource exploration business through the acquisition of a 100%
     interest in Dragon Minerals Holdings Inc. ("DMHI"), a private British
     Virgin Island company. DMHI is involved in mineral property acquisition and
     exploration in China. Refer to Note 4.

     The Company was previously in the development stage as defined by Statement
     of Financial Accounting Standard ("SFAS") No.7 "Accounting and Reporting by
     Development Stage Enterprises" related to it's Linux based business. The
     Company changed to the exploration stage during the period with the
     acquisition of its interest in Dragon Minerals Holdings, Inc. The Company
     has not presently determined whether its properties contain mineral
     reserves that are economically recoverable. These financial statements have
     been prepared on a going concern basis, which implies the Company will
     continue to realize its assets and discharge its liabilities in the normal
     course of business. The Company has never generated revenues since
     inception and has never paid any dividends and is unlikely to pay dividends
     or generate earnings in the immediate or foreseeable future. The
     continuation of the Company as a going concern is dependent upon the
     continued financial support from its shareholders, the ability of the
     Company to obtain necessary equity financing to continue operations and to
     determine the existence, discovery and successful exploitation of
     economically recoverable reserves in its resource properties, confirmation
     of the Company's interests in the underlying properties, and the attainment
     of profitable operations. As at September 30, 2004, the Company has
     accumulated losses of $320,285 since inception. These financial statements
     do not include any adjustments to the recoverability and classification of
     recorded asset amounts and classification of liabilities that might be
     necessary should the Company be unable to continue as a going concern.
     These factors raise 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. During the three month period ending September 30, 2004, the
     Company sold 400,000 common shares for cash proceeds of $200,000.

2. Summary of Significant Accounting Policies
     (a)  Basis of Presentation These financial statements and related notes are
          presented in accordance with accounting principles generally accepted
          in the United States, and are expressed in US dollars. The Company's
          fiscal year end is March 31. These financial statements include the
          accounts of the Company and its wholly-owned subsidiary, Dragon
          Minerals Holdings, Inc. All intercompany transactions and balances
          have been eliminated.

     (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.

                                       F-4


<PAGE>


Dragon Gold Resources, Inc.
(formerly Folix Technologies, Inc.)
(An Exploration Stage Company)
Consolidated Statements of Cash Flows
(expressed in U.S. dollars)
(Unaudited)

2. Summary of Significant Accounting Policies (continued)

     (c)  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.

     (d)  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 undertaken in Canadian dollars and British pounds.
          The Company has not, to the date of these financials statements,
          entered into derivative instruments to offset the impact of foreign
          currency fluctuations.

     (e)  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.

     (f)  Financial  Instruments

          Financial instruments which include cash and equivalents, prepaid
          expenses, deposits, accounts payable, 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. Virtually all of the Company's 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.
<PAGE>

     (g)  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 September 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.

     (h)  Mineral  Property  Costs

          The Company has been in the exploration stage since its acquisition of
          Dragon Minerals Holdings, Inc. on July 15, 2004 and has not yet
          realized any revenues from its planned operations. It is primarily
          engaged in the exploration and acquisition of advanced mineral
          properties. Mineral property acquisition and exploration costs are
          expensed as incurred. When it has been determined that a mineral
          property can be economically developed as a result of establishing
          proven and probable reserves, the costs incurred to develop such
          property, are capitalized. Such costs will be amortized using the
          units-of-production method over the estimated life of the probable
          reserve.

2. Summary of Significant Accounting Policies (continued)

     (i)  Interim  Financial  Statements

          These interim unaudited financial statements have been prepared on the
          same basis as the annual financial statements and in the opinion of
          management, reflect all adjustments, which include only normal
          recurring adjustments, necessary to present fairly the Company's
          financial position, results of operations and cash flows for the
          periods shown. The results of operations for such periods are not
          necessarily indicative of the results expected for a full year or for
          any future period.

     (j)  Website  Development  Costs

          The Company recognizes the costs associated with developing a website
          in accordance with the American Institute of Certified Public
          Accountants ("AICPA") Statement of Position ("SOP") No. 98-1,
          "Accounting for the Costs of Computer Software Developed or Obtained
          for Internal Use". Relating to website development costs the Company
          follows the guidance pursuant to the Emerging Issues Task Force (EITF)
          No. 00-2, "Accounting for Website Development Costs". Capitalized
          costs associated with the website consist primarily of payments to a
          third party for development of web pages. These capitalized costs will
          be amortized based on their estimated useful life over four years.
          Payroll and related costs are not capitalized, as the amounts
          principally relate to maintenance. Internal costs related to the
          development of website content are expensed as incurred.
<PAGE>

     (k)  Long-Lived  Assets

          In accordance with SFAS No. 144, "Accounting for the Impairment or
          Disposal of Long Lived Assets", the carrying value of long-lived
          assets is reviewed on a regular basis for the existence of facts or
          circumstances that may suggest impairment. The Company recognizes
          impairment when the sum of the expected undiscounted future cash flows
          is less than the carrying amount of the asset. Impairment losses, if
          any, are measured as the excess of the carrying amount of the asset
          over its estimated fair value.

     (l)  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.

     3.   Intangible  Assets
                                                   September  30,     March  31,
                                                        2004            2004
                                       Accumulated   Net Carrying   Net Carrying
                               Cost    Amortization     Value           Value
                                 $           $            $               $

  Website development costs    15,000       312         14,688            -
--------------------------------------------------------------------------------

4.   Acquisition  of  Business

     On July 15, 2004, the Company purchased 100% of the issued and outstanding
     common shares of Dragon Minerals Holdings Inc. ("DMHI"), a private British
     Virgin Islands company. DMHI owns 100% of the issued and outstanding common
     shares of Dragon Minerals Inc. ("DMI"), a private British Virgin Islands
     company. Accordingly, the results of operations for DMHI have been included
     in the accompanying consolidated financial statements from the date of
     acquisition. DMI is involved in mineral property acquisition and
     exploration in China. The purchase price was $184,579 which included the
     issue of 16,500,000 common shares at a fair value of $165,000, acquisition
     costs of $12,235 and negative book value of DMHI of $7,344. The Company
     used the purchase method of accounting for this acquisition and the
     purchase price was allocated to mineral property costs and charged to
     operations.
<PAGE>

5.   Related  Party  Transactions

     a)   The amount due to related parties represents expenses of $2,582 (March
          31, 2004 - $6,388) paid on behalf of the Company by a former Director
          and $3,496 paid on behalf of the Company by a current director. The
          amounts due are non-interest bearing, unsecured and has no specific
          terms of repayment.

     b)   During the six month period ended September 30, 2004, the Company paid
          $35,000 (September 30, 2003 - $1,200) for consulting services
          performed by a director of the Company and $6,800 for consulting
          services performed by a former director of the Company. Of these
          amounts, $2,000 is included in results from discontinued operations.

     c)   On July 19, 2004 the Company sold to a former director, all rights
          related to the Linux based application server and thin client
          computing system business plan in consideration for $1,000, which is
          included in results from discontinued operations.

6.   Mineral  Properties

     (a)  On February 24, 2004, the Company's wholly-owned subsidiary Dragon
          Minerals Inc. ("DMI") entered into a Letter of Intent with the Bureau
          of Geology and Mineral Exploration & Development of Shaanxi Province
          ("Bureau") in China to form Sino-Foreign cooperative joint venture
          companies for the exploration and development of up to twelve
          properties (the "Permits") located in the Southern Shaanxi Province.
          Pursuant to the Letter of Intent, the Company would contribute cash to
          the joint ventures and Bureau would contribute the Permits and their
          previous exploratory findings.

     (b)  On March 1, 2004, DMI entered into a Letter of Intent with the
          Northwest Geology and Exploration Bureau for Nonferrous Metals Party
          ("Party") in China to form a Sino-Foreign cooperative joint venture
          company for the exploration and development of a property (the
          "Permit") located in Southern Shaanxi Province. Pursuant to the Letter
          of Intent, the Company would contribute cash to the joint venture and
          Party would contribute the Permit and their previous exploratory
          findings.

7.   Common  shares

     (a)  On September 6, 2004, the Company cancelled 16,400,000 common shares
          owned by a former Director.

     (b)  On August 16, 2004, the Company issued 400,000 common shares at $0.50
          per share for cash proceeds of $200,000.

     (c)  On July 15, 2004, the Company acquired 100% of the issued and
          outstanding shares of Dragon Minerals Holdings Inc., in exchange for
          16,500,000 common shares of the Company. Refer to Note 4.
<PAGE>

     (d)  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.

8.   Discontinued  Operations

     Discontinued operations consist of the Company's former operations in the
     development of a Linux based application server and thin client computing
     systems. In July 2004, the Company sold all rights to certain intangible
     assets related to the Linux business to a former director for consideration
     of $1,000. The results of discontinued operations are summarized as
     follows:

<TABLE>

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


Revenue                                  -              -                 -                -                -
-----------------------------------------------------------------------------------------------------------------------
Net Operating Loss                       -         (5,585)          (20,794)          (7,863)         (48,676)
Gain on disposal                     1,000              -             1,000                -            1,000
-----------------------------------------------------------------------------------------------------------------------
Loss From Discontinued Operations    1,000         (5,585)          (19,794)          (7,863)         (47,676)
=======================================================================================================================
</TABLE>

<PAGE>

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS.

FORWARD LOOKING STATEMENTS

THIS 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 COMPANY'S ACTUAL RESULTS COULD DIFFER
MATERIALLY FROM THOSE SET FORTH ON THE FORWARD LOOKING STATEMENTS AS A RESULT OF
THE RISKS SET FORTH IN THE COMPANY'S FILINGS WITH THE SECURITIES AND EXCHANGE
COMMISSION, GENERAL ECONOMIC CONDITIONS, AND CHANGES IN THE ASSUMPTIONS USED IN
MAKING SUCH FORWARD LOOKING STATEMENTS.

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 formed as a high technology development stage company engaged in the
development of an initial product. We have since changed our business focus
pursuant to an exchange agreement entered into on July 15, 2004, where the
Company acquired 100% of the issued and outstanding common stock of Dragon
Minerals Holdings, Inc. ("Dragon"). 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").

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 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 Company anticipates forming a separate joint venture for each
property the Company decides to develop. 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, contributed
any cash to any joint ventures, or selected any properties for gold exploration
and potential development. However, during the last fiscal year the Company
raised $100,000 from a SB-2 Registration Statement which was declared effective
December 19, 2003. Additionally, on August 30, 2004, the Company sold 400,000
shares of common stock for $200,000. There can be no assurance that these funds
will be able to sustain our business operations until more money is be raised,
provided that we will raise any additional funds at all.

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 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.
<PAGE>

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.

THREE MONTHS ENDED SEPTEMBER 30, 2004 COMPARED TO THREE MONTHS ENDED SEPTEMBER
30, 2003

     The Company earned no revenue for the three months ended September 30, 2004
or the three months ended September 30, 2003.

     Expenses increased $272,609 from $0 during the three months ended September
30, 2003, to $272,609 for the three months ended September 30, 2004. The Company
had $0 in expenses for the three months ended September 30, 2003 because the
Company discontinued its operations related to the development of a Linux based
application server and thin client computing systems. As a result, expenses in
the comparable prior year period have been recorded as a loss from discontinued
operations of $5,585. The increase in expenses was attributable to increases of
$184,579 in mineral property costs, $39,800 in consulting expenses, $20,607
legal and organizational expenses, $3,300 in accounting and auditing expenses,
$312 of amortization expense, $573 of foreign exchange expense, $7,599 of
general and administrative expense, $6,120 of rent and utilities expense, $2,577
of transfer agent and filing fees expense and $7,142 of travel and promotional
expenses.

     The Company had a net loss of $272,609 for the three months ended September
30, 2004, before discontinued operations, and a net loss of $271,609 after
taking into account a gain of $1,000 due to the Company's discontinued
operations, as compared to a net loss of $5,585 for the three months ended
September 30, 2003. The gain from the Company's discontinued operations was due
to $1000 paid by a former director for the rights related to a Linux based
application server and thin client computing system business plan. The increase
in net loss from the three months ended September 30, 2004, was $266,024.

SIX MONTHS ENDED SEPTEMBER 30, 2004 COMPARED TO SIX MONTHS ENDED SEPTEMBER 30,
2003

     The Company earned no revenue for the six months ended September 30, 2004
or the six months ended September 30, 2003.

     Expenses increased $272,609 from $0 during the six months ended September
30, 2003, to $272,609 for the six months ended September 30, 2004. The Company
had $0 in expenses for the six months ended September 30, 2003 because the
Company discontinued its operations related to the development of a Linux based
application server and thin client computing systems. As a result, expenses in
the comparable prior year period have been recorded as a loss from discontinued
operations of $7,863. The increase in expenses was attributable to increases of
$184,579 in mineral property costs, $39,800 in consulting expenses, $20,607
legal and organizational expenses, $3,300 in accounting and auditing expenses,
$312 of amortization expense, $573 of foreign exchange expense, $7,599 of
general and administrative expense, $6,120 of rent and utilities expense, $2,577
of transfer agent and filing fees expense and $7,142 of travel and promotional
  expenses.

     The Company had a net loss of $272,609 for the six months ended September
30, 2004, before discontinued operations, and a net loss of $292,403 after
taking into account a loss of $19,794 due to the Company's discontinued
operations, as compared to a net loss of $7,863 for the six months ended
September 30, 2003. The results from discontinued operations includes $2,000,
which was paid to a current director and former director for consulting services
concerning the Company's discontinued operations. The increase in net loss
compared to the earlier six month period was $284,540.
<PAGE>




LIQUIDITY AND CAPITAL RESOURCES

     We have not earned any revenue since inception on December 13, 2000 and we
are presently in the development stage of our business.

     As of September 30, 2004, the Company had total current assets of $166,044,
which consisted of $159,757 in cash and $6,287 of prepaid expenses and deposits.
The Company also had $14,688 of intangible assets, which consisted of the net
carrying value of the company's website development costs. The Company had total
assets of $180,732.

     As of September 30, 2004, the Company had total current liabilities of
$25,148, consisting of accounts payable of $13,319, accrued liabilities of
$5,750 and an amount due to related parties of $6,079, which includes $2,582
paid on behalf of the Company by a former director and $3,496 paid on behalf of
the Company by a current director. The amount due is non-interest bearing,
unsecured and has no specific terms of repayment.

     As of September 30, 2004, the Company had $140,896 of working capital.

     For the six months ended September 30, 2004, the Company spent $136,272 in
its operating activities, which included a net loss of $292,403, amortization
adjustments of $312, mineral property costs of $165,000, an increase in deposits
and prepaid expenses of $6,287, a decrease in accounts payable of $2,585, and a
decrease in amounts due to related parties of $309.

     The Company had negative $5,000 in cash flows from investing activities,
due to a purchase of intangible assets for the six months ended September 30,
2004.

     The Company had $200,000 in net cash provided by financing activities for
the six months ended September 30, 2004, which was from the proceeds from the
sale of 400,000 shares of the Company's common stock.

     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.

RISK  FACTORS

     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:

<PAGE>

RISKS RELATED TO OUR BUSINESS

     LETTERS OF INTENT. The Company has entered into two (2) letters of intent
whereby the Company will enter into 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
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, or 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.

     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 believes it can continue for approximately six (6) months if no
additional financing is raised, and will require approximately $140,000 of
additional financing to continue administrative activities for the next twelve
(12) months, which does not include any additional amounts which will be
required for exploration activities. 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 or continue business operations 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 MR. TSAKOK OWNS 22.6% OF THE COMPANY'S OUTSTANDING COMMON STOCK, HE
WILL EXERCISE SIGNIFICANT CONTROL OVER CORPORATE DECISIONS THAT MAY BE ADVERSE
TO OTHER MINORITY SHAREHOLDERS. Raoul Tsakok beneficially owns 22.6% of the
issued and outstanding shares of the Company's common stock. Accordingly, he
will exercise significant 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 interest of Mr. 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 is a market for our common stock, we anticipate that such market will
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.

Furthermore, 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 unaudited 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:
<PAGE>

     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 acquire 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 this
filling, 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.

     Mineral Property Costs. The Company has been in the exploration stage since
its acquisition of Dragon Minerals Holdings, Inc. on July 15, 2004 and has not
yet realized any revenues from its planned operations. It is primarily engaged
in the acquisition and exploration of mining properties. Mineral property
acquisition and exploration costs are expensed as incurred. When it has been
determined that a mineral property can be economically developed as a result of
establishing proven and probable reserves, the costs incurred to develop such
property, are capitalized. Such costs will be amortized using the units-of-
production method over the estimated life of the probable reserve.

     Long-Lived Assets. In accordance with SFAS No. 144, "Accounting for the
Impairment or Disposal of Long Lived Assets", the carrying value of long-lived
Assets is reviewed on a regular basis for the existence of facts or
Circumstances that may suggest impairment. The Company recognizes impairment
when the sum of the expected undiscounted future cash flows is less than the
carrying amount of the asset. Impairment losses, if any, are measured as the
excess of the carrying amount of the asset over its estimated fair value.

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.

<PAGE>

                           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. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

(a) On August 30, 2004, the Company issued 400,000 restricted shares of the
Company's common stock in a transaction that was not registered under the
Securities Act of 1933 (the Act") to an entity unrelated to the Company in
exchange for $200,000. The Company claims an exemption from registration
afforded by Section 4(2) of the Act since the foregoing issuance did not involve
a public offering, the recipient 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. The
Company also claims an exemption from registration afforded by Regulation S
under the Act.

ITEM 3. DEFAULT UPON SENIOR SECURITIES.

None.

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

None.

ITEM 5. OTHER INFORMATION.

(a) On September 6, 2004, Gregory Corcoran, a former director and the former
Chief Executive Officer of the Registrant, sold an aggregate of 11,600,000
shares of the Registrant's common stock for an aggregate purchase price of
$154,800 to seven individuals and one entity. Johannes Petersen, a director and
the Chief Executive Officer of the Registrant, purchased 1,000,000 of these
shares of common stock from Mr. Corcoran. On that same date, Mr. Corcoran agreed
to cancel 16,400,000 shares of the Registrant's common stock.

During the six month period ended September 30, 2004, the Company paid $35,000
for consulting services performed by a director of the Company and $6,800 for
consulting services performed by a former director of the Company. Of these
amounts, $2,000 is included in results from discontinued operations and
discussed above under "Management's Discussion and Analysis."

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)

    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 July 30, 2004 to report the acquisition
of Dragon Minerals Holdings Inc., and to report that Gregory Corcoran's
ownership had decreased with the issuance of shares to the former shareholder of
Dragon Mineral Holdings Inc.

     (2) The Company filed a Form 8-K on September 1, 2004, to report that the
Company issued 400,000 restricted shares of the Company's common stock in a
transaction that was not registered under the Securities Act of 1933 to an
entity unrelated to the Registrant in exchange for $200,000.

     (3) The Company filed a Form 8-K on September 15, 2004, to report that on
September 6th, 2004, Gregory Corcoran, a former director and the former Chief
Executive Officer of the Company, sold an aggregate of 11,600,000 shares of the
Registrant's common stock for an aggregate purchase price of $154,800 to seven
individuals and one entity, that Johannes Petersen, a director and the Chief
Executive Officer of the Registrant, purchased 1,000,000 of these shares of
common stock from Mr. Corcoran, and that on that same date, Mr. Corcoran agreed
to cancel 16,400,000 shares of the Registrant'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
Dated: July 21, 2005                             Chief Executive Officer
                                                 and Chief Financial Officer

<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 September 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