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Exhibit 99.1


Dragon International Group Completes $1.5 Million Financing

NINGBO, CHINA--(MARKET WIRE)--March 6, 2007 -- Dragon International Group Corp.
(OTC BB:DRGG.OB - News), a manufacturer and distributor of specialty paper
products and packaging materials in China, announced today it has completed a
$1.5 million financing. The Company's financing, completed with nine accredited
investors, was in the form of a unit of its securities consisting of Common
Stock purchased at a price of $.09 per share, coupled with one Class A Common
Stock Purchase Warrant to purchase shares of common stock at $.125 per share and
one-half Class B Common Stock Purchase Warrant to purchase shares of common
stock at $.15 per share for each share of Common stock purchased. Both warrants
are exercisable for a term of five years.

The Company, which generated approximately US$18.4 million in revenues in its
fiscal 2006 ending in June, intends to use the proceeds to support its expanded
business operations, including the completion of its recently announced
acquisition of a 51% ownership interest of Wellton International Fiber Corp.
which it expects to close in March. Wellton International Fiber Corp.acts as an
agent for the sale and distribution of pulp paper, waste paper and related
products in China. Wellton generated approximately US$18.5 million in revenues
with over US$1 million in net income in calendar 2006 on an un-audited basis.

Mr. David Wu, CEO and Chairman of Dragon International Group, stated, "This
injection of investment capital will serve to support our expanded operations as
a result of our recent business acquisitions. We feel confident this investment
capital will help fuel our continued expansion. We will continue in our mission
to become a leader in the production and distribution of specialty packaging in
China. We believe as a result of this injection of working capital, Dragon is
poised to grow our business substantially in our continuing effort to enhance
the value of our company for its shareholders."

About Dragon International Group Corporation

Dragon International Group Corp. (OTC BB:DRGG.OB - News) is one of China's
manufacturers and distributors of specialty paper products and packaging
materials. Dragon is operating as a manufacturer and distributor of paper and
integrated packaging paper products. Dragon has a distribution network covering
east and central China. Dragon and its subsidiaries have cultivated strategic
relationships with several of the world's largest and well-known manufacturers
of paper and specialty packaging products. For more information, please visit
http://www.drgg.net.

Safe Harbor Statement

Certain statements set forth in this press release constitute "forward-looking
statements." Forward-looking statements include, without limitation, any
statement that may predict, forecast, indicate, or imply future results,
performance or achievements. Such statements are not guarantees of future
performance and are subject to risks and uncertainties that could cause the
company's actual results and financial position to differ materially from those
included within the forward-looking statements, including the Company's ability
to obtain sufficient financing to fund both its internal growth opportunities
and acquisition strategy. More information about the potential risks and factors
that could affect the Company's business and financial results is included in
the Company's filings, available via the United States Securities and Exchange
Commission at http://www.sec.gov.

Contact:
         Dragon International Group Corp.
         Phone:   1-877-CHINA-57
         Email:   info@drgg.net