announcment debt free, page-2

First time that I can remember Dragon mentioning that they are looking for oportunities re todays annoucement copied below. If an acquisition is to be made it will happen before 30 Nov re PC's performance contract.

Employment Contracts
The Managing Director, Mr PG Cordin, is employed under contract. His employment contract has been extended by 12 months
and expires on 30 November 2010. Under the terms of the contract:
?? Mr Cordin may resign from his position and thus terminate this contract by giving three months written notice.
?? The Company may terminate this employment contract by providing 12 months?? written notice or provide payment in lieu
of the notice period (based on the fi xed component of Mr Cordin??s remuneration).
?? Mr Cordin receives fi xed remuneration of $430,000 per annum.
?? The Company will pay Mr Cordin a completion bonus of $200,000 based on certain criteria being met by the end of his
contract.
?? Upon completion of Mr Cordin??s contract, the Board may also determine to pay Mr Cordin an additional bonus of up to
$200,000 if, in the view of the Board, the Company has entered into a corporate or project acquisition that is in accordance
with Dragon Mining??s corporate objectives.



Executive Chairman Peter Cordin stated, ??The Company is in a strong financial position, has three profitable gold mines and
is on track to meet the 2010 production target of 70,000 ounces of gold. The Directors continue to strive to generate
shareholder value by growing the business. This is being achieved by aggressive drilling at all mines with the objective of
increasing mine life to greater than 5 years and advancing exploration on the exciting Kuusamo Gold Project.In addition,
the Company is actively monitoring acquisition opportunities that fit within our corporate strategy.??