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

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported) August 26, 2004

                          DRAGON GOLD RESOURCES, INC.
                          ---------------------------
             (Exact name of registrant as specified in its charter)


            Nevada                 000-50541      88-0507007
 ---------------------------      ----------      -----------
(State or other jurisdiction     (Commission     (IRS Employer
  of incorporation)              File Number)   Identification No.)


                338 Euston Road, London, United Kingdom NW1 3BT
                -----------------------------------------------
              (Address of principal executive offices) (Zip Code)


Registrant's telephone number, including area code 44-207-416-4920


                                      N/A
                         ------------------------------
                        (Former name or former address,
                          if changed since last report)

Check the appropriate box below if the Form 8-K 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) under the
     Exchange  Act  (17  CFR  240.14d-2(b))
[ ]  Pre-commencement  communications  pursuant  to  Rule  13e-4(c) under the
     Exchange  Act  (17  CFR  240.13e-4(c))



ITEM 3.02  UNREGISTERED SALES OF EQUITY SECURITIES

     On  August 30, 2004, the Registrant issued 400,000 restricted shares of the
Registrant's  common  stock  in  a transaction that was not registered under the
Securities  Act  of  1933 (the Act") to an entity unrelated to the Registrant in
exchange  for  $200,000.  The  Company  claims  an  exemption  from registration
afforded by Section 4(2) of the Act since the foregoing issuance did not involve
a  public  offering,  the  recipient  had  access  to  information that would be
included  in  a  registration  statement, took the shares for investment and not
resale  and  the  Company  took  appropriate  measures to restrict transfer. The
Company  also  claims  an  exemption  from registration afforded by Regulation S
under  the  Act.


                                   SIGNATURES

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

DRAGON GOLD RESOURCES, INC.

By: /s/Johannes Petersen
    --------------------
       Johannes Petersen
       Chief Executive Office

Dated:  September 1, 2004