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): MARCH 30, 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 March 30, 2005, Dragon Gold Resources, Inc. (the "Company"),  entered into an
Offshore  Securities  Subscription  Agreement  ("Agreement"),  with Anglo  Asian
Resources,  Inc. ("Anglo"),a Marshall Islands corporation.  Under the Agreement,
Anglo agreed to purchase  200,000  shares of the  Company's  common stock for US
$100,000 (or US $0.50 per share).

ITEM 3.02. UNREGISTERED SALES OF EQUITY SECURITIES

On March 30, 2005,  pursuant to the  Agreement,  the Company  agreed to issue
200,000  restricted  shares of the  Company's  common stock to  Anglo,  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.

April 4, 2005

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