CLARA RESOURCES AUSTRALIA LTD — Capital/Financing Update 2010

Oct 19, 2010

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ASX Announcement

20 October 2010

AusNiCo Admitted to Official List

Drilling Commences

Further to previous market updates regarding the IPO of AusNiCo Limited, the Directors of D’Aguilar Gold Limited (D’Aguilar) are pleased to advise that AusNiCo was admitted to the Official List of ASX on Tuesday, 19 October 2010, and Official Quotation of the Company’s securities will commence at 10:30 am (E.D.S.T.) / 9:30 am (A.E.S.T.) on Thursday, 21 October 2010 . The Company has been allocated the ASX code of “ANW”.

The Directors would again like to thank all applicants and D’Aguilar shareholders for their strong support of the IPO raising.

Mr John Roiko the exploration manager for AusNiCo confirmed that, despite recent heavy rainfall, the core drill rig has today commenced drilling on the first pad at the Company’s Pembroke prospect. The drill hole will confirm the structural controls and the depth of the mineralization at Pembroke. The previous percussion hole stopped in economic grade of copper, nickel and gold. It is expected that the first round of assays will be available for reporting in early Dec 2010.

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On behalf of the Board KM Schlobohm Company Secretary

Competent Persons Statement

The information herein that relates to Exploration Results is based on information compiled by Nicholas Mather B.Sc (Hons) Geol., who is a Member of The Australian Institute of Mining and Metallurgy. Mr Mather is employed by Samuel Holdings Pty Ltd which provides certain consultancy services including the provision of Mr Mather as the Managing Director of D’Aguilar Gold Ltd (and a director of D’Aguilar Gold Ltd’s subsidiaries).

Mr Mather has more than five years experience which is relevant to the style of mineralisation and type of deposit being reported and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves’ (the JORC Code). This public report is issued with the prior written consent of the Competent Person(s) as to the form and context in which it appears.

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About D’Aguilar Gold

D’Aguilar Gold Limited is focused on generating exploration and development companies in a wide array of minerals.

Projects are conceived directly through the skills and experience of D’Aguilar’s accomplished team of exploration geoscientists (with an enviable track record), not by the costly purchase of properties. Each project or exploration strategy is held in a separate subsidiary.

Focused and specialist management is then engaged in the subsidiary, with project specific finance raised in the subsidiary – faster and less dilutive to D’Aguilar. As the subsidiary project develops and starts to derisk the subsidiary is separately capitalised (seed raisings followed by an IPO).

Investors can choose to invest specifically in a particular project/commodity, or by investing in D’Aguilar, invest in the resource company generating business which retains a significant carried interest in each project.

D’Aguilar projects tend to be very large, targeting new provinces with the potential to make world‐class discoveries. The exploration concepts are often novel. While increased metal prices and advances in technology can turn former sub‐economic deposits into viable projects, D’Aguilar subsidiary projects frequently emerge from detailed reassessment and reinterpretation of large databases – looking at things from a new angle and with a different focus using state of the art techniques. The D’Aguilar Directors and Managers have in the past applied new exploration models to extensive tenement areas which have led to identification of new mineral provinces and the discovery of nationally significant resources. Similar efforts are now being dedicated to D’Aguilar.

D’Aguilar Gold currently holds 52 million shares (40%) in Mt Isa Metals Limited (ASX: MET) embarking on an exciting gold strategy in Burkina Faso, and 35.2 million shares (15.6%) in Solomon Gold plc (LSE: SOLG).

D’Aguilar is progressing the IPO and ASX listing of subsidiaries AusNiCo Limited (nickel and cobalt) and Navaho Gold Pty Ltd (gold and silver). AusNiCo Limited has successfully closed its IPO raising, and is set to make its ASX debut on 21 October 2010. Further, D’Aguilar has announced the proposed merger of its 86% owned Ridge Exploration (iron ore, titanium and aluminium) with Canadian‐listed Coltstar Ventures Inc.

In the development pipeline, D’Aguilar is also progressing plans for other subsidiaries – Anduramba Molybdenum (molybdenum and copper) and Barlyne Mining (porphyry copper, gold and molybdenum) and its energy‐focused subsidiary Armour Energy . Several other projects are at earlier stages of development, and will be announced to the market when exploration tenements have been secured.

D’Aguilar has 322,002,760 shares on issue.

Email: info@daguilar.com.au

Electronic copies and more information are available on the Company website: www.daguilar.com.au

For further information contact:

Mr Nicholas Mather Managing Director D’Aguilar Gold Ltd Ph: 07 3303 0680

Karl Schlobohm

Company Secretary, D’Aguilar Gold Ltd Ph: 07 3303 0680

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