SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

           Pursuant to Section 13 or 15 (d) of Securities Exchange Act

                                  June 8, 2005

                                 Date of Report
                        (Date of Earliest Event Reported)

                           DRAGON GOLD RESOURCES, INC.
                     --------------------------------------
             (Exact Name of Registrant as Specified in its Charter)


    Nevada                      000-50541                        88-0507007
  -----------                ---------------                   --------------
 (State or other          (Commission File No.)          (IRS Employer I.D. No.)
  Jurisdiction)

         Regents Place, 338 Euston Road, London, United Kingdom NW1 3BT
                    (Address of Principal Executive Offices)

                                (44) 207-416-4920
                         (Registrant's Telephone Number)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions. (see General Instruction A.2. below).

*    Written  communications  pursuant to Rule 425 under the  Securities Act (17
     CFR 230.425)

*    Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

*    Pre-commencement communications pursuant to Rule 14d-2(b) uner the Exchange
     Act (17 CFR 240.14d-2(b)).




ITEM 2.01         COMPLETION OF ACQUISITION OF ASSETS

On June 2, 2005, Dragon Gold Resources, Inc. (the "Company"), entered into an
Exploration License Transfer Agreement (the "Agreement"). Subject to the
Agreement the Company acquired two mining claims in the Taragt subprovince of
the Uvurkhangai Province of Mongolia. The claims were sold by Mine Info, Ltd.
for a purchase price of US$19,000. The claims are registered at the Office of
the Geological and Mining Cadaster (OGMC) of the Mineral Resources Authority of
Mongolia.

EXHIBITS

10.1     Exploration License Transfer Agreement



                                    SIGNATURES

         Pursuant to the requirements of the Securities and Exchange Act of
1934, the Registrant has duly caused this Report to be signed on its behalf by
the undersigned hereunto duly authorized.

 Date: June 8, 2005                          Dragon Gold Resources, Inc.



                                             By:/s/ Johannes Petersen
                                             Chief Executive Officer