updated 10/29/2010 2:15:31 AM ET 2010-10-29T06:15:31

TORONTO, Oct. 28, 2010 (GLOBE NEWSWIRE) -- Silver Dragon Resources Inc. (OTCBB:SDRG) wishes to provide a review and update on the status of the Company's projects and initiatives in 2010.

Progress In Mexico:

Silver Dragon Resources has secured its environmental permit from SEMERNAT for its Cerros las Minitas Silver Project in Durango, Mexico and has acquired 5 hectares of land adjacent to the CLM Project for a tailings pond. The company intends to enter into its test mining production phase in 2011.

The Company has also been made aware of land title issues regarding the Cerros las Minitas project and related concessions. The Company's management and counsel are investigating and will be taking the appropriate actions. The Company will provide further updates in due course.

Progress in China:

Progress of Corporate Initiatives:

About Silver Dragon

Silver Dragon Resources Inc. is a mining and metals company focused on the exploration, acquisition, development and operation of silver mines in proven silver districts globally. Silver Dragon's objective is to acquire silver mining assets that contain promising exploration targets, have highly leveraged, out-of-the-money silver deposits, and/or are producing properties with significant untapped exploration potential. It is management's objective to grow Silver Dragon into a significant silver producer by developing the Cerros las Minitas project in Mexico, its six Sino-Top properties in China (particularly Dadi and Laopandao), and its Erbahuo Silver mine (via its Chifeng Silver Dragon subsidiary), also in China. For more information, please visit the Company's website at: www.silverdragonresources.com (now available in Chinese).

The Silver Dragon Resources Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4242

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to: general economic conditions and financial markets, changes in market prices of silver and other metals, technological and operational risks, and other risks set out in the Company's most recent Form 10-K available at www.sec.gov/edgar.shtml .

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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