Opinion on  Drake Gold Resources Inc. (DKGR)
Business plan execution begins with Pinksheets filings

DKGR has been listed as a 'buyer beware' on pinksheets for a long time now. The company has cleaned itself up, filed their unaudited financials and answered all the questions pinksheets requires for be listed as 'current information' with lawyer signatures to back it up.

On watch for news and developments as the company moves forward. Management has indicated their desire to be fully transparent moving forward and the Pinksheets current information designation is the first step.

The company has already reduced shares from the O/S and plans to continue to strengthen shareholder value through the execution of its business plan.

A reduction of the outstanding shares as well as the authorized shares bodes well for the company and shareholders. This was released on the wires yesterday.

Drake Gold Resources (Other OTC:DKGR.PK - News), with the help of company President John Marconette and CFO Thomas Conar, has undertaken a comprehensive plan to develop a strong corporate structure.
 
The first step of this plan, bringing up to date current filings and becoming a "current information provider," was completed recently (See PR of 11/20/07). We are now pleased to announce to our shareholders our second step: a decrease of both authorized and outstanding shares of Drake Gold Resources, Inc.

The Outstanding Shares has been decreased from 878,156,800 shares to 808,156,800 shares. (An additional 20-million share cancelation will follow pending paperwork finalization.)

The Authorized Shares has been decreased from 1,401,500,000 to 950,000,000 (900M common, 50M preferred.)

"Very few start-up companies are willing to demonstrate the kind of responsibility needed toward forming a solid share structure. I am proud to say Drake Gold Resources is one of them," said President John Marconette. "We will be sending a message to the market that we are serious in our mining aspirations and our intentions are to set the bar higher than any other company currently trading over the counter."

Drake Gold reports significant gold findings in Georgia. Recent reductions to share structure and a push for full disclosure have moved this pinksheet company onto a number of investors radars.

Drake Gold Resources Releases Independent Investigation Reports on Gold Findings in Georgia From Two Independent Geologists. - http://biz.yahoo.com/iw/071130/0334517.html

The research reports are all attached on this PDF: http://www.drakegold.com/docs/DKGR-Georgia-Gold-Report-11-30-...

Hazen Research, Inc out of Colorado, was hired to test the samples. They are a well known research company that has been around since 1961. Their reporting lends major credibility to Drake Gold's finds.

The company is pursuing more land in the vicinity to lock up the possibly extensive vein of gold that has been found. The report shows significant gold found along with a possibly large amount located in the underlying bedrock, for which further sampling will be required.

The above noted research report is very extensive and covers in detail the findings, the history of the area and what we can look forward to in the coming months.

Mining is just one area of focus for the company. They are also pursuing various Oil & Gas acquisitions and joint ventures.

Continuing to grow their business, Drake Gold has added 2 Silver properties to their portfolio. Here is some of the basic information on the 2 properties:

The Wolverine Prospect (4000+ acres) has been assayed in two main mineralized areas, vein 2, in the west mineralized area, assayed 914 gpt (grams per ton) silver and 0.34 gpt gold across 15cm. In the east mineralized area, a sample from a 20cm vein with arsenopyrite and pyrite assayed 12.1 gpt gold and 86.7 gpt silver respectively.

The LC2 - AG Prospect (1000+ acres) formally of the Newmont Mining Corporation has returned copper, silver, lead, and zinc results. The main vein, which strikes 029 degrees, dips 85 degreesW and plunges 55 degreesE, is 80m long. Assays from a trench on the vein assayed 9.6% copper, 10.6% lead, 11.2% zinc, 0.33% cadmium and 1,941 gpt silver (approx. 62 ounces per ton).

Additional information is available from the Drake Gold website:

http://www.drakegold.com/docs/DKGR-BC-Silver-and-Gold-Investi...

From the most recent PR:

"With the combination of both properties Drake Gold Resources has added more than five thousand acres of mineable land to its holdings. This is essential to the company's plan of diversifying its mining development portfolio, ensuring the company a sound footing moving forward."