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

                                   FORM 10-QSB

              (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>

<TABLE>
<CAPTION>

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)
<S>                                                          <C>                   <C>
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
=============================================================================================

</TABLE>

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

<PAGE>

<TABLE>
<CAPTION>

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

<TABLE>
<CAPTION>

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

                                                            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.

     (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.

<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)

     (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.

     (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            -
--------------------------------------------------------------------------------

                                      F-6

<PAGE>

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

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.

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.

                                      F-7

<PAGE>

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

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.

     (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>
<CAPTION>

                                                                                                        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>

                                      F-8

<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.

<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  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.

<PAGE>

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.

<PAGE>

     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.

     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.

<PAGE>

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:

     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.

<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 adequate 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. There were no
significant  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."

<PAGE>

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.

<PAGE>

                                   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: November  15, 2004                        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

<PAGE>

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:  November  15, 2004
                ---

                                   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:  November  15,  2004
                 ---

                                   By:  /s/  Johannes  Petersen
                                       -------------------------------
                                       Johannes  Petersen,
                                       Chief  Executive  Officer  and
                                       Chief  Financial  Officer

<PAGE>