VANCOUVER, March 8, 2012 /PRNewswire/ – Dravco Mining Inc. (the “Company” or “Dravco”) (OTCBB: DVCO) enters into Letter of Intent with Paradox Basin Resources Corp. (“Paradox“).

On March 7, 2012, Dravco entered into a non-binding Letter of Intent
(“LOI”) with Paradox whereby the Company will acquire 100% of the
issued equity securities of Paradox under the following terms and
conditions:

1. The Company will issue of 36,380,000 restricted shares of common stock
   to the stockholders of Paradox pro-rata to their current shareholdings.

2. In addition, the Company will issue an aggregate of 4,115,666 warrants
   to replace existing Paradox warrants in accordance with pre-existing
   terms and conditions.

3. The Company will have cash assets at closing of at least $6,000,000.

4. On or before Closing, the Company’s current President, CEO and Director
   will resign and will tender his current holdings of 10,000,000 shares
   of common stock for cancellation and a new Board of Directors as
   nominated by Paradox will be appointed.

5. On or before Closing, Carl Di Placido will be appointed President and
   Chief Executive Officer, Ray Mongeau will be appointed Chief Operating
   Officer and Chris Carmichael will be appointed Chief Financial Officer
   and Corporate Secretary.

6. The Letter of Intent will expire on April 15, 2012 unless otherwise
   mutually agreed to in writing by the parties.

About Paradox Basin Resources Corp.

Paradox is a private company formed in the State of Delaware. Paradox’s
Monument Potash Property (MPP) holds approximately 82,821 acres of
prospecting potash permit applications (PPPA) of Federal Lands,
approximately 8,552 acres of Utah School Trust Land potash leases and
approximately 3,896.49 acres of private lands potash leases for a total
of 95,269 contiguous acres.

There are no assurances that all the above conditions or applicable
corporate and securities laws can be satisfied or that all subjects
will be removed such that the transaction as contemplated can be
completed and closed.

Retention of Global Arena Capital Corp.

On March 5, 2012, the Company retained Global Arena Capital Corp. as
financial advisor to the Company. Global Arena Capital Corp. is an
SEC, FINRA registered broker-dealer.

On behalf of the Board of Directors,

Dravco Mining Inc.
Rodney Lozinski, President

Disclaimer: This Press Release may contain, in addition to historical
information and, forward-looking statements These forward-looking
statements are identified by their use of terms and phrases such as
“believe,” “expect,” “plan,” “anticipate” and similar expressions
identifying forward-looking statements. Investors should not rely on
forward-looking statements because they are subject to a variety of
risks, uncertainties and other factors that could cause actual results
to differ materially from Dravco Mining’s expectations, and Dravco
Mining expressly does not undertake any duty to update forward-looking
statements. These factors include, but are not limited to the
following, the ability to further develop mineral exploration
properties and other factors which may cause the actual results,
performance or achievements of the Company to be materially different
from any future results, performance or achievements expressed or
implied by such forward- looking statements.

SOURCE Dravco Mining Inc.