TORONTO, May 7, 2007 (PRIME NEWSWIRE) -- Silver Dragon Resources Inc. (OTCBB:SDRGE) reports that the Company expects to file its Form 10-KSB this week. As described in an April 16, 2007 press release, the complexities associated with managing accounting activities in both China and Mexico have caused the 2006 annual audit to take longer than expected. However, the Company's auditors, SF Partnership LLP, continues to work diligently through the process. To this end, SF Partnership LLP has retained the services of one of its affiliates, CWCC-China in Beijing China, to assist.
The Company continues to emphasize that there have been no disagreements with the Company's auditors.
Silver Dragon Resources Inc. is a mining and metal 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. For more information, please visit www.silverdragonresources.com.
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, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. Silver Dragon Resources Inc.