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Canadian Golden Dragon options Copper Island property

Wednesday, February 15, 2006

FSC / Press Release

Canadian Golden Dragon options Copper Island property

Thunder Bay, Ontario CANADA, February 15, 2006 /FSC/ - Canadian Golden Dragon Resources Ltd. (CGG - TSX Venture), is pleased to announce that together with partner East West Resource Corporation ("EWR"), it has been granted an option to acquire a 100 percent interest in the Copper Island claim group within Shebandowan Greenstone Belt near Thunder Bay, Ontario. The property consists of 9 mining claims contiguous to the Shebandowan-Vanguard Copper-Zinc-Gold-Silver Property presently held by Canadian Golden Dragon Resources Ltd.

Historically, the Copper Island occurrence was tested by Jellicoe Mines (1939) Ltd. with exploration focused on the islands, upon which is exposed a complex of gabbros, anorthositic intrusives and sheared metavolcanic rocks. As reported by Jellicoe Mines Ltd., the main showings on Copper Island returned analyses of 5.1 percent copper over 3 feet and 3.9 percent copper over 12.5 feet (ODM Geological Report 53, Geology of the Kashabowie Area, J.M. Hodgkinson, 1968). Chalcopyrite mineralization is widespread in the gabbro and appears to be related to silicified northeasterly-trending shear zones. Copper Island is patented; however, an untested VLF-EM conductor trends nearby within the claim block. Numerous additional copper occurrences are located along the shores of Shebandowan Lake within the boundaries of the property.

Consideration for acquisition of the property consists of option payments totalling $67,000 cash, in stages over a five-year period and 100,000 common shares of each company. A 2-per-cent net smelter return is retained by the optionor, of which 1 per cent may be purchased by the company at any time for $1-million with the remaining 1 per cent being subject to a right of first refusal. Sufficient exploration expenditures must be incurred to maintain the property in good standing.

All of the exploration results disclosed herein are historic in nature and do not presently conform to National Instrument NI-43-101 Standards of Disclosure for Mineral Projects. They have not been reviewed by Robert S. Middleton, P. Eng., who is our designated Qualified Person and responsible for the verification and quality assurance of our exploration data and analytical results. Therefore they should not be relied on.

This news release contains forward-looking statements within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Canadian Golden Dragon Resources Ltd.'s results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the date hereof. Canadian Golden Dragon Resources Ltd. disclaims any intent or obligation to update these forward-looking statements.

On behalf of the board of directors

"Elliot Strashin"
Elliot Strashin, President

The TSX Venture Exchange does not take responsibility for the adequacy or accuracy of this release.

For more information, please contact:

Martti Kangas
Investor Relations
The Equicom Group Inc.
(416) 815-0700 ext. 243 phone
(416) 815-0080 fax
e-mail mkangas@equicomgroup.com

Elliot Strashin
President,
Canadian Golden Dragon Resources
(416) 504-0077 phone
(416) 504-6019 fax
e-mail elliot@strashindevelopments.com

CANADIAN GOLDEN DRAGON RESOURCES LTD
500 - 20 Maud St., TORONTO
Ontario, CANADA M5V 2M5
Telephone: (416) 504-0077 Fax: (416) 504-6019

402 - 905 West Pender Street, VANCOUVER
British Columbia, CANADA V6C 1L6
Telephone: (604) 681-1909 Fax: (604) 689-5930

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