SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

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

                                  August 23, 2005

                                 Date of Report
                        (Date of Earliest Event Reported)

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


  Nevada                       0-24370                         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)).






Entry Material Agreement, Sale of Equity


ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On August 23, 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  1,000,000  shares of the Company's common stock for US
$100,000 (or US $0.10 per share).

ITEM 3.02. UNREGISTERED SALES OF EQUITY SECURITIES

On August 23,  2005,  pursuant to the  Agreement,  the  Company  agreed to issue
1,000,000  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  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: August 26, 2005         Dragon Gold Resources, Inc.

                            By:/s/ Johannes Peterson
                               -----------------------
                               Chief Executive Officer