While playing, press and hold (in this order) L1, R2, L2, R1 then while still holding, enter the codes.
Invinicibility:
X, Down, Triangle, Up, Circle, Right, Square, Left
Regain health:
Triangle, Down, Circle, Left, Square, Right, X, Up
Increase Your Spell Level:
Up, Down, Left, Right, Right, Left, Down, Up
Increase Player Level:
Square, Triangle, Circle, X, Right, Down, Left, Up
$10,000:
Circle, Square, Right, Left, X, Triangle, Down, Up
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Drakan: The Ancients´ Gates Cheats, Codes & Walkthrough/Guide/FAQ for PS2 from Cheat Code Central
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Drakan: The Ancients´ Gates Cheats at CheatingDome.com.