TORONTO, Dec. 6, 2007 (PRIME NEWSWIRE) -- Silver Dragon Resources Inc. (OTCBB:SDRG) is pleased to announce the appointment of R. Glen MacMullin to the Company's Board of Directors. Mr. MacMullin is an independent board member in accordance with U.S. and Canadian corporate governance and securities requirements. As a result of Mr. MacMullin's appointment, Silver Dragon's current Board of Directors is made up of three executives and two independents, for a total of five members.
"The appointment of Glen to Silver Dragon's Board of Directors continues the Company's strategy to expand the capacity and experience of the Board through the appointment of independent directors," commented Marc Hazout, President and Chief Executive Officer of Silver Dragon Resources Inc.
Mr. MacMullin is currently a Managing Director at Xavier Sussex, LLC, a private investment firm which he co-founded in 2004, and a member of the Board of Directors of Nayarit Gold Inc. Prior to 2004, Mr. MacMullin was a Director and the Chief Operating Officer of DB Advisors, LLC, a $6 billion hedge fund group based in New York and wholly owned subsidiary of Deutsche Bank AG. He has also held several senior management positions with Deutsche Bank Offshore in the Cayman Islands, including Head of Investment Funds, and was a public accountant with Coopers & Lybrand in Ottawa, Canada and KPMG in the Cayman Islands. Mr. MacMullin received a Bachelor of Business Administration degree from Saint Francis Xavier University and is a member of the Canadian Institute of Chartered Accountants.
About Silver Dragon
Silver Dragon Resources Inc. is a mining and metal company focused on the exploration, acquisition, development and operation of silver mines in proven silver districts globally. Silver Dragon's objective is to acquire silver mining assets that contain promising exploration targets, have highly leveraged, out-of-the-money silver deposits, and/or are producing properties with significant untapped exploration potential. It is management's objective to grow Silver Dragon into a significant silver producer by developing the Cerro las Minitas and the Erbahuo projects in Mexico and China. For more information, please visit the Company's website at: www.silverdragonresources.com (now available in Chinese).
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"Safe-Harbor" Statement: This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company may not be realized. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially.