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Drake Gold Resources Inc. Signs Seasoned Mining Operator Norm Pearson as Project Manager

Drake Gold Resources Inc. (OTC: DKGR) is pleased to announce that the company has signed seasoned mining professional and operator Norman Pearson as the company's exclusive project manager and senior consultant.

Norman Pearson currently is the acting president of Thunder Gulch Resources Ltd. which just signed a 48-month contract with DKGR for general corporate, administrative, technical, and other full service management and operational services as well as first right to refusal on over 10 projects located in areas throughout the United States along popular trends in Arizona, Oregon and Alaska; locations throughout Canada in British Columbia and the Yukon Territories; and other properties in the popular gold districts of Northern Mexico.

Mr. Pearson has over 30 years of experience and has performed exploration and development of precious metals in Canada, United States, Venezuela, Africa and Russia and has set up mines on four continents: Asia, South America, Africa, and North America. He has been a miner for over 3 decades and has worked on more than 70 properties.

He grew up in his family's structural steel business and holds a patent on a gold recovery machine for placer or free gold mining, "The Pearson Rock Box." He has manufactured and sold 42 units between 1979-1998 and he helped develop the "The Derocker." He manufactured and sold 45 units between 1981-1998. The machines were sold worldwide to majors such as PlacerDome.

Mr. Pearson started mining design, supply and erection of structural steel in 1962 for: Endako Mines, Similkimince Mines, Brenda Mines, Gilbralter Mines and Kitsault mines. By 1979 he was a placer mining consultant and CEO of Pearson Mining Equipment Ltd. and managed a placer mining operation at Churn Creek, BC.

From 1980 to 1982 he managed a placer mining operation at Clear Creek, Yukon. In 1983 he performed exploration on a hard rock mining operation on Vancouver Island, BC. Started a successful mining operation in California, US in 1984. Moved to Likely, BC to manage another placer mining operation in 1985. Managed a placer mining operation in Mexico for most of 1986. Throughout 1987-1989 he operated placer mining at Manson Creek, BC.

Then he headed for Mali, West Africa to work as a consultant for Trans African Mining Co. from 1989-1990. From 1992-1994 he was the project manager for Naxos Resources Ltd. In Venezuela, South America, acquired property and financing and set up operation producing diamonds and gold. With another diversified move he headed to Tajikistan to perform as project manager for Gulf International Minerals Inc. between 1995-1998. Operated another placer mining operation in Nevada during 2000-2001. Currently operating TGR solely for the development of the Drake Gold Resources Inc. and is ready to begin operations on several properties the management company has outlined for DKGR.

Clayton Smith, investor relations and official consul for DKGR said, "I have had the opportunity to meet with and review the history and credibility of Mr. Pearson both in the mining services and project development worlds and the choice was clear to bring in Mr. Pearson with his array of merits, worldwide operations, 30+ years of experience in mining and a patented machines."

Norman Pearson, president of Thunder Gulch Resources Ltd said, "now that we have all the proper agreements in place it's time to do my favorite thing in the world, go mining!"

He continued, "sometimes finding the right honest group is the hardest part, second only we have so many proven gold areas we just have to chose which ones to start on."

Current and future shareholders are encouraged to sign up for email updates on our new website to stay up to the minute on new releases, reports, interviews, industry news and market related information. The sign up is located under the main menu at http://www.drakegold.com.

Shareholder inquires and suggestions are welcomed and should be directed to the Drake Gold Investor Relations Team at the toll free # 1-888-601-9983 or internationally at 1-503-618-0370 or via email at info@novakcapital.com.

About Thunder Gulch Resources LTD.

Thunder Gulch Resources (TGR) is an independent mining operator and project developer. The history of TGR management is expansive and lengthy. The principle of TGR has operated exploration and development programs in Canada, United States, Venezuela, Africa and Russia and have set up mines on four continents: Asia, South America, Africa, and North America. The company combines over 30 years of mining, prospecting, evaluation, and operation expertise through its team of engineers and professionals.

Currently TGR has access and is completing evaluation and some sampling in ten (10) projects located in a diversified array of areas for Drake Gold Resources to acquire. The company is reviewing areas throughout the United States along popular trends in Arizona, Oregon and Alaska. TGR is also reviewing locations throughout Canada in British Columbia and Yukon Territories. Other properties have been presented to the company in popular gold districts in Northern Mexico as well that TGR is now considering.

About Drake Gold Resources Inc.

Drake Gold Resources Inc. is an early stage mining company that focuses on the exploration and production of precious metals. Several projects have been identified through its resources in North and Central America, which will be released as the agreements are completed. The company has allied itself with a team of professionals including Richard Biscan of Tara Gold Resources Inc. (OTC: TRGD) and Norman Pearson of Thunder Gulch Resources LTD.

This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.

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