UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

      DATE OF REPORT: (DATE OF EARLIEST EVENT REPORTED):  JANUARY 20, 2005

                         COMMISSION FILE NO.:  000-50541

                          DRAGON GOLD RESOURCES, INC.
                          ---------------------------
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

              NEVADA                               88-0507007
  -----------------------------          --------------------------------
  (STATE OR OTHER JURISDICTION          (IRS EMPLOYER IDENTIFICATION NO.)
         OF  INCORPORATION)

         REGENTS PLACE, 338 EUSTON ROAD, LONDON, UNITED KINGDOM NW1 3BT
           -----------------------------------------------------------
                    (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)

                                 44-207-416-4920
                            -------------------------
                            (ISSUER TELEPHONE NUMBER)

ITEM  1.01.  ENTRY  INTO  A  MATERIAL  DEFINITIVE  AGREEMENT

     On  January  20, 2005, Dragon Gold Resources, Inc. (the "Company"), entered
into  an  Option  Agreement  with Jaroslav Ruza (the "Optionor"), to purchase an
option  to  acquire  a  100%  right, title and interest in the Optionor's mining
claims  (the  "Option  Agreement").  The  Optionor  owns five licenses to mining
claims,  representing  approximately  47,848  hectares  or approximately 118,235
acres,  in Mongolia (the "Properties").  Under the Option Agreement, the Company
paid  the  Optionor $20,000 (CDN) on January 20, 2005, upon the execution of the
Option  Agreement,  and  is  required  to pay the Optionor an additional $30,000
(CDN)  on or before January 20, 2006, and $50,000 (CDN) on or before January 20,
2007  (collectively  the  "Purchase  Price").  However,  the  Option  Agreement
represents  only  an  option  and the Company is under no obligation to make any
additional  payments  under  the  Option Agreement, other than the $20,000 (CDN)
already  paid.

     If  the  Company chooses to pay the entire Purchase Price, the Company will
be  deemed  to  have  exercised  the  option and will own 100% of the Optionor's
right,  title  and  interest  to  the  Properties, except for a two percent (2%)
royalty  which  the Optionor will retain on any proceeds received by the Company
from  any  smelter  from the sale of any ores, concentrates or minerals produced
from  the  Properties  after  deducting  certain  expenses  (the  "Royalty").

<PAGE>

     Under the Option Agreement, the Company has the right to purchase one-third
(1/3)  of  the  Royalty  from  the  Optionor at any time for the sum of $300,000
(CDN),  an  additional  one-third  (1/3) of the Royalty from the Optionor at any
time  for  the sum of $300,000 (CDN), and the right of first refusal to purchase
the remaining one-third (1/3) of the Royalty from the Optionor, in the event the
Optionor  wishes  to  sell  his  remaining  interest  in  the  Royalty.

     Under the Option Agreement, the Optionor agreed to provide the Company with
all  of  the necessary geological information on the Properties, provide up to a
maximum  of  fifteen  (15)  working days of his time to the Company to assist in
matters  related  to  the Properties, and the Company agreed to pay the Optionor
$300  (CDN)  for  each  day  of  assistance  provided  to  the  Company.

     If  the Company fails to make any payments toward the Purchase Price, which
are required by the Option Agreement, the Optionor may give the Company a notice
of  default  and  if  the Company does not cure the default within ten (10) days
following  delivery  of  the  notice,  the  Optionor  may  terminate  the Option
Agreement.  The  Company then will have six (6) months from the termination date
of  the Option Agreement to leave the Properties in good standing, and three (3)
months to return copies of all of the reports, maps and other relevant documents
in  the  possession  of  the  Company  at  the  time  the  option is terminated.

ITEM  9.01.  FINANCIAL  STATEMENTS  AND  EXHIBITS

(C)  EXHIBITS:

     10.1*          Option  Agreement

*  Attached  hereto.

                                   SIGNATURES

Pursuant  to  the  requirement  of  the  Securities  Exchange  Act  of 1934, the
Registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned  thereunto  duly  authorized.

DRAGON  GOLD  RESOURCES,  INC.

January  25,  2005
         ---

/s/  Johannes  Petersen
-------------------------
Johannes  Petersen
Chief  Executive  Office

<PAGE>
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{"company-data": {"conformed-name": "Dragon Gold Resources, Inc.", "cik": "0001229089", "assigned-sic": "7373", "irs-number": "880507007", "state-of-incorporation": "NV", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50541", "film-number": "05546480"}, "business-address": {"street1": "338 EUSTON ROAD", "city": "LONDON", "state": "X0", "zip": "NW1 3BT", "phone": "6046699029"}, "mail-address": {"street1": "338 EUSTON ROAD", "city": "LONDON", "state": "X0", "zip": "NW1 3BT"}, "former-company": {"former-conformed-name": "FOLIX TECHNOLOGIES INC", "date-changed": "20030425"}}
UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

      DATE OF REPORT: (DATE OF EARLIEST EVENT REPORTED):  JANUARY 20, 2005

                         COMMISSION FILE NO.:  000-50541

                          DRAGON GOLD RESOURCES, INC.
                          ---------------------------
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

              NEVADA                               88-0507007
  -----------------------------          --------------------------------
  (STATE OR OTHER JURISDICTION          (IRS EMPLOYER IDENTIFICATION NO.)
         OF  INCORPORATION)

         REGENTS PLACE, 338 EUSTON ROAD, LONDON, UNITED KINGDOM NW1 3BT
           -----------------------------------------------------------
                    (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)

                                 44-207-416-4920
                            -------------------------
                            (ISSUER TELEPHONE NUMBER)

ITEM  1.01.  ENTRY  INTO  A  MATERIAL  DEFINITIVE  AGREEMENT

     On  January  20, 2005, Dragon Gold Resources, Inc. (the "Company"), entered
into  an  Option  Agreement  with Jaroslav Ruza (the "Optionor"), to purchase an
option  to  acquire  a  100%  right, title and interest in the Optionor's mining
claims  (the  "Option  Agreement").  The  Optionor  owns five licenses to mining
claims,  representing  approximately  47,848  hectares  or approximately 118,235
acres,  in Mongolia (the "Properties").  Under the Option Agreement, the Company
paid  the  Optionor $20,000 (CDN) on January 20, 2005, upon the execution of the
Option  Agreement,  and  is  required  to pay the Optionor an additional $30,000
(CDN)  on or before January 20, 2006, and $50,000 (CDN) on or before January 20,
2007  (collectively  the  "Purchase  Price").  However,  the  Option  Agreement
represents  only  an  option  and the Company is under no obligation to make any
additional  payments  under  the  Option Agreement, other than the $20,000 (CDN)
already  paid.

     If  the  Company chooses to pay the entire Purchase Price, the Company will
be  deemed  to  have  exercised  the  option and will own 100% of the Optionor's
right,  title  and  interest  to  the  Properties, except for a two percent (2%)
royalty  which  the Optionor will retain on any proceeds received by the Company
from  any  smelter  from the sale of any ores, concentrates or minerals produced
from  the  Properties  after  deducting  certain  expenses  (the  "Royalty").
Under the Option Agreement, the Company has the right to purchase one-third
(1/3)  of  the  Royalty  from  the  Optionor at any time for the sum of $300,000
(CDN),  an  additional  one-third  (1/3) of the Royalty from the Optionor at any
time  for  the sum of $300,000 (CDN), and the right of first refusal to purchase
the remaining one-third (1/3) of the Royalty from the Optionor, in the event the
Optionor  wishes  to  sell  his  remaining  interest  in  the  Royalty.

     Under the Option Agreement, the Optionor agreed to provide the Company with
all  of  the necessary geological information on the Properties, provide up to a
maximum  of  fifteen  (15)  working days of his time to the Company to assist in
matters  related  to  the Properties, and the Company agreed to pay the Optionor
$300  (CDN)  for  each  day  of  assistance  provided  to  the  Company.

     If  the Company fails to make any payments toward the Purchase Price, which
are required by the Option Agreement, the Optionor may give the Company a notice
of  default  and  if  the Company does not cure the default within ten (10) days
following  delivery  of  the  notice,  the  Optionor  may  terminate  the Option
Agreement.  The  Company then will have six (6) months from the termination date
of  the Option Agreement to leave the Properties in good standing, and three (3)
months to return copies of all of the reports, maps and other relevant documents
in  the  possession  of  the  Company  at  the  time  the  option is terminated.

ITEM  9.01.  FINANCIAL  STATEMENTS  AND  EXHIBITS

(C)  EXHIBITS:

     10.1*          Option  Agreement

*  Attached  hereto.

                                   SIGNATURES

Pursuant  to  the  requirement  of  the  Securities  Exchange  Act  of 1934, the
Registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned  thereunto  duly  authorized.

DRAGON  GOLD  RESOURCES,  INC.

January  25,  2005
         ---

/s/  Johannes  Petersen
-------------------------
Johannes  Petersen
Chief  Executive  Office