8-K

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 : December 14, 2010
(Date of earliest event reported)

SILVER DRAGON RESOURCES INC. (Exact name of small business issuer as specified in its charter)

0-29657
(Commission File Number)

Delaware	33-0727323
(State or other jurisdiction of	(IRS Employer Identification No.)
incorporation or organization)

5160 Yonge Street, Suite 803
Toronto, Ontario, M2N 6L9
(Address of Principal Executive Offices) (Zip Code)

(416) 223-8500
(Registrant's telephone number)

Not Applicable
(Former name, former address and former fiscal year, if changed since last report)

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:

[   ] 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 -4c))

Item 7.01 Regulation FD Disclosure.

On December 14, 2010, Silver Dragon Resources Inc. (the "Company") issued a press release entitled "Silver Dragon Issues Advisory to Shareholders" The press release is attached as Exhibit 99.1 hereto.

In accordance with General Instruction B.2 of Form 8-K, the information in this report, including the exhibit attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended ("the Exchange Act"), nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

Exhibit No.	Description
99.1	Press Release of Silver Dragon Resources Inc. dated December 14, 2010

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.

	SILVER DRAGON RESOURCES INC.
Date: December 15, 2010	/s/ Marc Hazout
	By: Marc Hazout, President & CEO

EX-99.1

 

PRESS RELEASE  

Silver Dragon Issues Advisory to Shareholders

TORONTO, December 14, 2010 -- Silver Dragon Resources Inc. (OTCBB:SDRG) wishes to advise its shareholders on a matter regarding statements being circulated to shareholders by a party claiming to represent a minority shareholder group.

On December 9, 2010 shareholders began receiving a notice, which contained two items. The first item was a copy of a legal proceeding filed in Langfang District court, China and the second item was a letter making certain allegations regarding the Company and its management.

The Langfang proceeding was disclosed in the Company’s latest quarterly filing. The complaint, filed by two shareholders, seeks to invalidate the Company’s sale in 2008 of 50% of Sanhe Sino--Top Resources & Technologies, Ltd. After consulting with Chinese legal counsel, the Company believes that the Langfang proceeding has been filed in an improper jurisdiction and is, in any event, frivolous and wholly without merit. The sale in question was made to a Chinese government--owned entity, after the receipt of approval by the Ministry of Commerce in China. The second item was a letter purporting to be written by a “Minority Shareholder Committee”, which the letter identifies as consisting of over 50 individual shareholders of the Company resident in China, Taiwan and Hong Kong who invested in the Company in 2006. The letter claims that the Committee initiated the Langfang proceeding. The letter presents, on behalf of the Committee and a Ms. Fanny Chan as its “representative”, allegations that the Company and its management have engaged in various improper and illegal activities since 2005. The allegations made in the letter are similar to allegations that have been repeatedly made and published by an individual named Fanny Chan over the past three years. The Company, on several occasions, through its legal counsel in several countries, has asked Ms. Chan to cease and desist. On August 11, 2010 the Company’s Hong Kong counsel sent a final request letter to cease and desist and to comply with certain demands. (Link to letter). Ms. Chan has not complied with the demands.

The Company wishes to advise its shareholders that the allegations made by Ms. Chan and the “Minority Shareholder Committee” are false and unsubstantiated. The Company believes that the continuous pursuance of such allegations and publication of libelous statements with respect to the Company and its management are malicious and calculated to defame and discredit the Company and its management, as well as to damage their reputation.

The Company is pursuing a legal remedy and will prosecute to the fullest extent of the law(s).

PRESS RELEASE (continued)  

About Silver Dragon Resources Inc.

Silver Dragon Resources Inc. is a mining and metals 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 Cerros las Minitas project in Mexico, its six Sino--Top properties in China (particularly Dadi and Laopandao), and its Erbahuo Silver mine (via its Chifeng Silver Dragon subsidiary), also in China. For more information, please visit the Company's website at: www.silverdragonresources.com (now available in Chinese).

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward--looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward--looking statements, including, but not limited to: general economic conditions and financial markets, changes in market prices of silver and other metals, technological and operational risks, and other risks set out in the Company's most recent Form 10--K available at www.sec.gov/edgar.shtml.

Contact:

Silver Dragon Resources Inc.
Marc Hazout, President
Alex Motta, V.P., Investor Relations
(416) 223-8500
1-866-512-SDRG
info@silverdragonresources.com