CONSULTING AGREEMENT

THIS AGREEMENT is made effective on March 3rd, 2005

         BETWEEN:

                    MR MINGHE CHEN
                    ID Card: 110101340204203
                    Room 401, 7th Unit, Building No. 4.
                    Xiaohuangzhuang, First District
                    Anding Mengwuai, Beijing, China
                    Tel.: +86 (0) 10 8427 0680
                                                        (Hereafter "Mr Chen")

         AND:

                    DRAGON GOLD RESOURCES INC.
                    Regent's Place
                    338 Euston Road, Suite 323
                    London - NW1 3BT
                    United Kingdom
                    Fax: +44 (0) 207 416 4975
                    Email: admin@dragon-gold.com
                           ---------------------
                                                        (Hereafter "Dragon")


WHEREAS,  Dragon wishes to hire the management  advisory services offered by Mr.
Chen,

NOW, THEREFORE, THIS AGREEMENT WITNESS THAT the parties mutually agree as
follows:

ENGAGEMENT

Subject to the terms and conditions hereof, Dragon hereby enters into a
consulting agreement with Mr. Chen for management advisory services. Both
parties' obligations under this agreement shall commence on the day both parties
execute this Agreement.

TERMS OF AGREEMENT

1.   Mr. Chen will provide management advisory services to Dragon for an initial
     2-year period that shall commence on March 3rd, 2005.

2.   Dragon will pay Mr. Chen the amount of 50,000 shares of restricted stock of
     Dragon, which will be earned by Mr. Chen on a prorata basis.


3.   50% of the  shares  mentioned  in Point 2, will be  delivered  to Mr.  Chen
     within 30 days of the execution of this  agreement.  The remaining 50% will
     be  delivered to Mr. Chen within 30 days after the end of the first year of
     service.

4.   Governing Law - This agreement  shall be governed by and construed with the
     laws of the Province of British Columbia, Canada.

5.   Execution by fax - The parties agree that a fax signature shall  constitute
     an original signature.

6.   This Agreement  constitutes  the entire  Agreement  between the parties and
     supersedes any prior or contemporaneous  agreements,  oral or written. This
     Agreement is amendable by either party in writing upon signed acceptance by
     both parties.


IN WITNESS WHEREOF the parties have executed this Agreement by their duly
authorized signatories as the day and year first above written.

Mr. Minghe Chen Dragon Gold Resources, Inc.

Per:                                                    Per:


- ----------------------                                  ----------------------
Mr.                                                     Minghe Chen Johannes
                                                        Petersen President


                                                        ----------------------
                                                        Xiaojun Cui
                                                        Director