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

                                 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 31, 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  31, 2005, Dragon Gold Resources, Inc. (the "Company"), entered
into an Offshore Securities Subscription Agreement ("Agreement"), with Paramount
Trading  Company,  Inc.,  a  Switzerland  corporation  ("Paramount").  Under the
Agreement,  Paramount  agreed to purchase 199,930 shares of the Company's common
stock  for  US  $99,965  (or  US  $0.50  per  share).

ITEM  3.02.  UNREGISTERED  SALES  OF  EQUITY  SECURITIES

     On January 31, 2005, pursuant to the Agreement, the Company agreed to issue
199,930  restricted  shares  of  the  Company's  common stock to Paramount, in a
transaction  not  registered  under the Securities Act of 1933 (the "Act").  The
Company  claims  an  exemption from registration afforded by Regulation S of the
Act  ("Regulation  S"),  since  the forgoing issuance will be made to a non-U.S.
person  (as  defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant
to  an  offshore  transaction,  and no directed selling efforts were made in the
United  States by the issuer, a distributor, any of their respective affiliates,
or  any  person  acting  on  behalf  of  any  of  the  foregoing.

<PAGE>

                                   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.

February    4,  2005

/s/  Johannes  Petersen
-------------------------
Johannes  Petersen
Chief  Executive  Officer

<PAGE>
[{"type": "8-K", "sequence": "1", "filename": "doc1.txt", "secsgml_size_bytes": 2791}]
{"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": "05575669"}, "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

                                 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 31, 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  31, 2005, Dragon Gold Resources, Inc. (the "Company"), entered
into an Offshore Securities Subscription Agreement ("Agreement"), with Paramount
Trading  Company,  Inc.,  a  Switzerland  corporation  ("Paramount").  Under the
Agreement,  Paramount  agreed to purchase 199,930 shares of the Company's common
stock  for  US  $99,965  (or  US  $0.50  per  share).

ITEM  3.02.  UNREGISTERED  SALES  OF  EQUITY  SECURITIES

     On January 31, 2005, pursuant to the Agreement, the Company agreed to issue
199,930  restricted  shares  of  the  Company's  common stock to Paramount, in a
transaction  not  registered  under the Securities Act of 1933 (the "Act").  The
Company  claims  an  exemption from registration afforded by Regulation S of the
Act  ("Regulation  S"),  since  the forgoing issuance will be made to a non-U.S.
person  (as  defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant
to  an  offshore  transaction,  and no directed selling efforts were made in the
United  States by the issuer, a distributor, any of their respective affiliates,
or  any  person  acting  on  behalf  of  any  of  the  foregoing.
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.

February    4,  2005

/s/  Johannes  Petersen
-------------------------
Johannes  Petersen
Chief  Executive  Officer