Dragon Mining

Anders Westerberg

mark — 2010-08-16T02:16:46Z

- 30. HR Manager

Mikael Smedberg

mark — 2010-08-16T02:15:46Z

- 20. Administration Manager

Henrik Ask

mark — 2010-08-16T02:15:01Z

- 10. Geology Manager

Ilpo Mäkinen

mark — 2010-08-16T02:14:14Z

- 20. Mining Manager

Peter Cordin

mark — 2010-03-08T01:52:34Z

Mr Cordin was appointed Managing Director on 20 March 2006. He is a civil engineer with 35 years experience in the evaluation and operation of resource projects within Australia and overseas.

He has direct experience in the construction and management of diamond and gold operations in Australia and Indonesia. Mr Cordin was Managing Director of Grant's Patch Mining Limited (100,000 ounce gold per year production) and was Director – Operations of Forsayth NL, responsible for all group operations in Australia involving the annual production of 320,000 ounces of gold from five mines. He has more recently been involved in the development of resource projects in Kazakhstan and New Caledonia. Mr Cordin is a Non-Executive Director of Coal of Africa Limited and Vital Metals Limited.

Mr Cordin is a member of the Remuneration and Nomination Committee.

Peter Gunzburg

mark — 2010-02-11T02:27:39Z

Mr Gunzburg was appointed a Non-Executive Director on 8 February 2010. Mr Gunzburg has over 20 years experience as a stockbroker. He has a Commerce Degree from the University of Western Australia and has previously been a director of Resolute Limited, the Australian Stock Exchange Limited, Eyres Reed Limited and CIBC World Markets Australia Limited.

Mr Gunzburg was appointed Executive Chairman of Eurogold Limited in September 2001. Mr Gunzburg was appointed Chairman of Fleetwood Corporation Limited on February 2002 however has now stepped down from that role and is a Non-Executive Director, appointed Chairman of PieNetworks Limited on April 2002 and appointed Non-Executive Director of AIM listed Brinkley Mining Plc on September 2009.

He was formerly a Non-Executive Director of AIM listed Matra Petroleum PLC (appointed July 2006 and resigned September 2009) and Non-Executive Director of Strike Oil Limited (appointed October 2006 and resigned 16 December 2008).

Christian Russenberger

Geraldine — 2009-11-20T02:02:01Z

Mr. Russenberger is principal and director of 2004 founded CR Innovations AG, Baar Switzerland, which is specialised in strategic and financial consulting to private and public micro-cap companies. Prior to his current position Mr. Russenberger worked with Finter Bank in Zurich, Switzerland (1993-2004) as a relationship manager and analyst. Before joining Finter Bank, Mr. Russenberger worked in Zurich as an analyst with Anlage-und Kreditbank AKB (1991-1993) and Bank Leu AG (1990-1991). He also serves as a member of the board of directors of award winning Swiss car sharing company Mobility Cooperative.

10. Jokisivu Gold Mine

mark — 2009-07-22T03:58:00Z

The Jokisivu Gold Mine is located 40 kilometres south west of the Vammala Production Centre and hosts a Measured, Indicated and Inferred Resource totalling 356,300 ounces from two desposits 200 metres apart. The Kujankallio deposit has been shown by drilling to extend to at least 525 metres depth, though resource drilling currently extends only down to 440 metres, whilst the Arpola resource has only been drilled down to 200 metres. Both remain open at depth and partially along strike.

Jokisivu became Dragon Mining's third operating mine in 2009, with the commencement of mining from the Kujankallio open pit in September 2009. Since commencement, 58,086 tonnes of ore mined have been mined and transported from Jokisivu to Vammala.

Jokisivu Gold Mine

Development

Drilling at Jokisivu continued in earnest during 2009, with 83 diamond core holes completed (12,316.4 metres) targeting areas along the eastern portion and below the Kujankallio open pit, the area between Kujankallio and Arpola and Arpola itself. This activity has resulted in the total Mineral Resource inventory at Jokisivu increasing 10% to 356,300 ounces.

The Kujankallio and Arpola resource updates were prepared by independent consultants Runge Limited, increasing the Kujankallio Mineral Resource reported at a 2 g/t gold cut-off to 1.34Mt @ 6.1 g/t gold (261,900 ounces) to a vertical depth of 440 metres, an increase of 43,600 ounces from the previous estimate. The Arpola Mineral Resource has decreased to 0.441Mt @ 6.7 g/t gold (94,400 ounces) to a vertical depth of 200 metres.

An internal study has been completed for development of an underground operation at the Jokisivu Gold Mine. The study is being reviewed and a development which would encompass both the Kujankallio and Arpola deposits should commence in late 2010.

10.

mark — 2009-07-14T04:27:11Z

Dragon Mining has the following securities which are quoted on the Australian Securities Exchange:

Security	Number on Issue	Coupon Rate	Expiry Date
Ordinary Shares	737,345,151	n/a	n/a
Convertible Notes	23,645,289	10%	February 2011

The convertible notes were issued at $1.05 per note and have a 10% coupon rate. On 8 July 2010, Dragon Mining announced the early redemption of all the outstanding Notes in October 2010, being the next interest payment date.

Dragon Mining has the following unlisted options on issue:

Number on Issue	Exercise Price	Expiry Date
75,000	$0.21	21 December 2012
1,000,000	$0.14	n/a
1,500,000	$0.175	n/a
6,000,000	$0.21	n/a
4,800,000	$0.175	8 June 2012

30. Resources - Other Metals - 30 June 2010

mark — 2009-07-10T03:06:43Z

Project	Classification	Tonnes	Ni  (%)	Cu (%)
VAMMALA
Stormi (1)	Inferred	1,600,000	0.40	0.30
	Total	1,600,000	0.40	0.30

Ekojoki (2)	Inferred	1,096,000	0.50	0.40
	Total	1,095,900	0.50	0.40

Vammala Total	Inferred	2,696,100	0.47	0.34
	Total	2,696,100	0.47	0.34

Project	Classification	Tonnes	Ni  (%)	Cu  (%)	Co (%)	Pd  (%)	Pt (g/t)
KUHMO JV
Vaara (3)	Indicated	2,623,000	0.49	0.04	0.01	0.28	0.11
	Inferred	141,000	0.45	0.04	0.01	0.24	0.1
	Total	2,764,000	0.49	0.04	0.01	0.27	0.11

Peura-aho (4)	Indicated	405,000	0.63	0.29	0.04	0.62	0.28
	Inferred	90,000	0.48	0.23	0.03	0.42	0.21
	Total	495,000	0.60	0.27	0.04	0.58	0.27

Hietaharju (5)	Indicated	848,000	0.85	0.44	0.06	1.25	0.53
	Inferred	235,000	0.59	0.27	0.04	0.89	0.34
	Total	1,083,000	0.80	0.40	0.05	1.17	0.49

Kuhmo Total	Indicated	3,876,000	0.59	0.15	0.03	0.53	0.22
	Inferred	466,000	0.53	0.19	0.03	0.60	0.44
	Total	4,342,000	0.58	0.16	0.03	0.53	0.22

Group Total	Indicated	193,800	0.58	0.15
	Inferred	2,719,300	0.44	0.34
	Total	2,913,100	0.45	0.33

(1 & 2)

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Paul Payne BAppSc, a Member of the Australian Institute of Mining and Metallurgy, who is a full time employee of Runge Limited and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Persons as defined in the 2004 Edition of the Australasian Code of Reporting for Exploration Results, Mineral Resources and Ore Reserves. Mr Paul Payne consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

(3 to 5)

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information as lodged with the ASX on 23 October 2009 by Vulcan Resources Limited “Increase in Kuhmo Nickel Project Resources: Now a Significant Emerging Nickel Province”. These resources have been reported according to the Australasian Code for the reporting of Exploration Results, Mineral Resources and Ore Reserves (2004 JORC Code). The Resource estimates are based on information compiled and reviewed by Dr Alistair Cowden BSc (Hons), PhD, MAusIMM, MAIG; Mr Jarmo Vesanto, MSc (Geology), MAusIMM and Mr Jani Impola, MSc (Geology), MAusIMM, all of whom have sufficient experience relevant to the syle of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the Australasian Code of Reporting for Exploration Results, Mineral Resources and Ore Reserves. Dr Alistair Cowden, Mr Jarmo Vesanto and Mr Jani Impola consent to the inclusion in the report of the matters based on their information in the form and context in which it appears.