DGR GLOBAL LIMITED — AGM Information 2022

Nov 29, 2022

30 November 2022

==> picture [221 x 75] intentionally omitted <==

ASX ANNOUNCEMENT

SOLGOLD PLC SHAREHOLDERS URGED TO VOTE FOR ALL RESOLUTIONS AT SOLGOLD AGM ON 22 DECEMBER 2022

Highlights:

• Global copper major Jiangxi Copper (Hong Kong) Investment Company Limited (Jiangxi) to invest in 6.3% of SolGold

• SolGold AGM notice dispatched and all SolGold shareholders urged to vote “FOR” on all resolutions to support the Board at the AGM on 22/12/22

• Osisko Gold Royalties Limited (‘Osisko’) US$50m investment into SolGold for a 0.6% NSR royalty to close imminently

• Mr Scott Caldwell appointed new CEO, Mr Dan Vujcic appointed to Board as an independent non-executive director

• Canada’s leading Resources Banker Maxit Capital LP appointed as Strategic Advisor

• Ongoing work streams at Cascabel investigate potential increases in value

• Exploration effort to be boosted across Cascabel and regional tenement packages.

SolGold Notice of Meeting

SolGold has issued notice of meeting for its AGM to be held on 22/12/22 (refer to the announcement here).

DGR Global Limited (DGR) supports the recommendation that all SolGold PLC (‘Solgold’ or ‘the company’) shareholders vote “FOR” all resolutions put forth by SolGold. DGR understands the importance of all shareholders voting on all these resolutions given opposition by both BHP Group Limited and Newcrest Mining Limited to several resolutions in the past including SolGold’s standard UK corporate financing resolutions. There is a strong risk that the removal of any of the current Board members and or blocking of SolGold’s standard UK corporate financing resolutions would limit SolGold’s financing flexibility. There is a risk that this may lead to a creeping takeover rather than a bid by which all shareholders would benefit.

DGR endorses the current strategic direction of SolGold. In particular, the current momentum of SolGold is exciting with the ongoing strategic review also aimed at maximising value for all shareholders. DGR continues to see substantial long-term value in the company given SolGold’s resource endowment and compelling broader portfolio against a near universal consensus on to compelling fundaments of Copper over the long term.

DGR Global Limited ACN 052 354 837

a: L 27, 111 Eagle Street Brisbane Q 4000 | GPO Box 5261 Brisbane Q 4001 p: +61 7 3303 0680 | e: info@dgrglobal.com.au | w: www.dgrglobal.com.au

==> picture [140 x 47] intentionally omitted <==

Osisko to invest US$50m

SolGold recently entered an agreement with Osisko to invest US$50m in return for a 0.6% net smelter return royalty, representing an accretive transaction that endorses the value of the Cascabel project close to its net Pre-Feasibility Study (PFS) (refer to the announcement here). This agreement is to settle imminently.

Jiangxi to invest in a 6.3% strategic stake of SolGold

In addition, SolGold announced the proposed investment of US$36m by, among others, a subsidiary of global copper miner and refiner Jiangxi Copper (Hong Kong) Investment Company Limited. The agreement is due to settle, subject to certain conditions, on or about 9/12/22 (refer to the announcement here).

Subject to the closure of the Osisko Royalty and Jiangxi Copper investment, SolGold will have raised gross proceeds of US$86m which SolGold has advised will be applied to future exploration and discovery on the SolGold projects across Ecuador and, importantly, advancing and de-risking the Tier 1 Cascabel Project. Traditionally, SolGold has added significant value for shareholders through exploration and discovery, in addition to judicious value adding work on the Cascabel and Porvenir Projects.

Mr Scott Caldwell appointed new CEO

SolGold replaced CEO Mr Darryl Cuzzubbo with Mr Scott Caldwell, an experienced copper gold mine engineer manager and developer with a long and successful track record with Freeport in Indonesia, Kinross globally, and in Chile at the giant copper mine Collahausi. Mr Scott Caldwell will emerge from the announced merger between Cornerstone and SolGold with over 17.5 million SolGold shares which with his salary cash component of just US$200,000 pa, approximately 1/6 of the previous CEO, strongly aligns him with shareholders (refer to the announcement here).

SolGold also appointed Mr Dan Vucjic as an independent non-executive Board member. Mr Vucjic’s experience in resources banking notably on the First Quantum’s C$5 billion acquisition of Inmet Mining, which held the Cobre Panama copper-gold porphyry project and involvement in financing Fortescue’s US$2.5 billion high yield bond issues, equips him with valuable and relevant experience.

Maxit Capital LP

SolGold has also appointed Canada’s leading resources mergers and acquisitions firm Maxit Capital LP to advise on the strategic review, capital raising, and M&A opportunities (read more on Maxit Capital here).

Cascabel Advancement

SolGold in announcing the strategic review recently (refer to the announcement here), advised that it was engaged in several value adding additional work streams with a view to identifying potential major value add opportunities for Cascabel.

DGR Global Limited ACN 052 354 837

a: L 27, 111 Eagle Street Brisbane Q 4000 | GPO Box 5261 Brisbane Q 4001 p: +61 7 3303 0680 | e: info@dgrglobal.com.au | w: www.dgrglobal.com.au

==> picture [140 x 47] intentionally omitted <==

Importantly these include:

• A revision of the underground mine plan to lift the underground production rate, increase flexibility and underground efficiencies;

• A revision of the crushing and milling strategy to increase throughput;

• Include hydropower options to significantly reduce operating costs;

• Review opportunities for material increases in metallurgical recovery; and

• Review opportunities to add open cut resources to the Cascabel development plan.

SolGold’s PFS released on 20/04/22 (refer to the announcement here) revealing an after tax Net Present Value (NPV) of US$2.9 bn on a capex of US$2.7 bn at an 8% discount rate and an IRR of 19.3% at a US$3.60/ lb copper price and a 25mtpa treatment rate.

The study assessed just 21% of the total resource of 2.95 bt, which total resource contains 21.7 m oz gold 92.2 m oz silver, and 9.9 mt of copper, plus the recently outlined Tandayama deposit (refer to the announcement here).

Importantly the PFS revealed the average free cash flow for the five years following the full production rate of over US$1.4 billion per annum.

DGR sees a considerable opportunity for reassessment of the Cascabel project from the current component studies listed above, copper and gold price upsides, and more regionally a return to SolGold’s core values that established its outstanding track record of discovery and value addition.

In addition, there are further opportunities to see additional value growth in the assets based on structural deficits in global copper supply over the next 10 years, and for further resource discovery on SolGold’s extensive tenure position of 75 licences across 14 projects over the length of Ecuador.

This ASX Announcement was authorised by the Board of Directors

Geoff Walker | Company Secretary

Electronic copies and more information are available on the Company website: www.dgrglobal.com.au e: info@dgrglobal.com | Twitter: @DGRGlobal

For further info contact: Mr Geoff Walker Mr Nick Mather Company Secretary Founder and Managing Director gwalker@dgrglobal.com.au +61 417 880 448 | nmather@dgrglobal.com.au

DGR Global Limited ACN 052 354 837

a: L 27, 111 Eagle Street Brisbane Q 4000 | GPO Box 5261 Brisbane Q 4001 p: +61 7 3303 0680 | e: info@dgrglobal.com.au | w: www.dgrglobal.com.au

==> picture [140 x 47] intentionally omitted <==

About DGR Global Limited

DGR Global’s business is the creation of resource exploration development and mining companies. The business uses the skills of a core team of talented geoscientists to identify resource projects capable of yielding world class discoveries of attractive commodities.

This is achieved through:

• The identification of commodities with a favourable 20-year price outlook

• Geological terranes with:

• A demonstrated strong endowment for that commodity.

• An under-explored history.

• Opportunity for the application of recently developed exploration techniques.

• Jurisdictions with improving socio-economic and regulatory frameworks.

• Extensive available tenures.

• A revision of the crushing and milling strategy to increase throughput and reduce Capital and operating costs,

DGR provides initial seed funding and management support to secure assets in subsidiaries and develop these assets to more advanced funding stages. The Company has a pipeline of projects in daughter companies at various stages of emergence, and in 2015 crystalised a significant return through the sale of its 15% holding in Orbis Gold for $26million. Further development of its holdings in LSE and TSX‐listed SolGold, ASX‐listed Clara Resources, New Peak Metals, Armour Energy, and unlisted Auburn Resources and Armour Energy Uganda, are expected over the coming years.

Get Regular News from DGR Global on social media: As a valued shareholder, you can now stay up to date on forces influencing the value of your investment in DGR Global by following us on Twitter. We regularly post information about our operations of us and the DGR companies as well as what is happening in our sectors around Australia and around the world ‐ with links to documents in the media, brokers, and other authoritative sources so you can stay up to date. As well, our posts on Twitter will alert you to our latest ASX announcements. Join the hundreds who follow us on Twitter @DGRGlobal and LinkedIn - https://www.linkedin.com/company/dgr global

FORWARD LOOKING STATEMENT Statements & material contained in this ASX Release, particularly those regarding possible or assumed future performance, production levels or rates, commodity prices, resources or potential growth of DGR, industry growth, or other trend projections are or may be, forward looking statements. Such statements relate to future events & expectations and, as such, involve known and unknown risks & uncertainties. Although reasonable care has been taken to ensure facts stated in this Release are accurate and/or that the opinions expressed are fair & reasonable, no reliance can be placed for any purpose whatsoever on the information contained in this document or on its completeness. Actual results & developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors. Nothing in this Release should be construed as either an offer to sell or a solicitation of an offer to buy or sell shares in any jurisdiction.

DGR Global Limited ACN 052 354 837

a: L 27, 111 Eagle Street Brisbane Q 4000 | GPO Box 5261 Brisbane Q 4001 p: +61 7 3303 0680 | e: info@dgrglobal.com.au | w: www.dgrglobal.com.au