Red Dragon to Change Name to Brazilian Gold Corporation

TSX.V.DRA

VANCOUVER , Dec. 17 /CNW/ - Red Dragon Resources Corp. (the "Company") will change its name to Brazilian Gold Corporation effective January 6th, 2010 , subject to the approval of the TSX Venture Exchange (the "Exchange"). The directors elected to change the name to reflect the new focus of the Company's activity on gold projects in Brazil in conjunction with its recent acquisitions in Brazil as announced on September 24th , November 30th and December 10th, 2009 . The symbol "BGC.V" has been reserved at the Exchange in connection with the name change.

About Red Dragon Resources Corp.

Red Dragon Resources Corp. is a Canadian based company with a focus on acquisition, exploration and development of mineral properties. The Company has a balance sheet of Cdn$9 million in cash and cash equivalents of Cdn$9.1 million in investments as of September 30th, 2009 .

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this news release.

For further information: Red Dragon Resources Corp., Alvin Jackson, Chairman and Chief Executive Officer, Tel: [phone]; Harbour Financial Inc., Brian N. Barbour, Tel: [phone]