DGR GLOBAL LIMITED — Capital/Financing Update 2003

Dec 1, 2003

D'AGUILAR GOLD LTD

ABN 67 052 354 837

SUPPLEMENTARY PROSPECTUS

TO A PROSPECTUS DATED 21 NOVEMBER 2003

This document is important and should be read in its entirety in conjunction with the Prospectus dated 21 NOVEMBER 2003 ("the Prospectus") and lodged with the Australian
Securities & Investments Commission on 21 November 2003. If you are in any doubt as to the contents of this document, you should consult your sharebroker, solicitor, banker or accountant without delay.

LODGMENT WITH AUSTRALIAN SECURITIES & INVESTMENTS COMMISSION

This Supplementary Prospectus is dated 2 December 2003 and was lodged with the Australian Securities & Investments Commission ("ASIC") pursuant to Section 719(1) of the Corporations Act 2001 (Cwlth) on 2 December 2003.

A copy of this Supplementary Prospectus has been lodged with the Regional Commissioner for the State of Queensland as a delegate for the ASIC. No responsibility as to the contents of this Supplementary Prospectus is taken by the ASIC and its delegate, or the Regional Commissioner for the State of Queensland.

This Supplementary Prospectus must be issued with any copies of the Prospectus that are issued after this Supplementary Prospectus has been lodged with the ASIC and is to be read together with the Prospectus.

TERMS USED IN THIS SUPPLEMENTARY PROSPECTUS

Terms used in this Supplementary Prospectus shall have the meaning ascribed to them in the Prospectus.

CHANGE IN INFORMATION

On 28 November 2003 the Company announced to ASX details of the initial results for the shallow drilling program on the Clara Fault zone on its wholly owned Tableland mining lease near Kilkivan, southeast Queensland. The results indicate a broad persistent and mineralised structure with extensive gold anomalism up to 3 metres at 1.56 grams per tonne in drill holes DP 15 (Tablelands West Prospect). The broader zones of mineralisation include 12 metres at 0.45 grams per tonne gold in DP 11 (Commercial Prospect), between 30 and 42 metres and a zone of 15 metres at 0.55 grams per tonne including 3 metres at 1.56 grams per tonne between 12 and 27 metres depth in DP 15. A total of 1,500 metres were drilled in 18 reverse circulation percussion drill holes. The following table sets out the detailed results.

The results substantiate the prospectivity of the Clara Fault and the Company intends to test deeper targets indicated at 150 to 200 meters below the Tablelands Pit, on the prognosed intersection of the Tablelands and Tablelands West ore bodies.

Drill Hole	Bng Mag	Bng AMG	$From-To(m)$	Length $(m)$	Grade (g/t Au)
DP11	100	110.3	$30 - 42$		0.46
DP13	100	110.3	69-72		1.14
DP15	280	110.3	$12 - 27$	15.	0.55
DP16	$\overline{\phantom{a}}$	-	$33 - 36$		0.29

TABLE 1

This Supplementary Prospectus has been consented to by each of the Directors of D'Aquilar Gold Ltd and dated 2 December 2003 and will expire on 13 January 2005.

Nicholas Mather Managing Director