DGR GLOBAL LIMITED — Capital/Financing Update 2003

Aug 19, 2003

18 July 2003

Peter McNamara Senior Companies Advisor Australian Stock Exchange Limited Level 5, Riverside Centre 123 Eagle Street Brisbane QLD 4000

Dear Peter

D'Aguilar Gold Limited (the "Company")

We have set out below the information required by the ASX for the Company's securities to be listed for official quotation.

The Company has closed the offer under the prospectus dated 28 May 2003 and the following securities have been allotted and issued:

• 20,000,000 ordinary shares each fully paid at an issue price of 20 cents per $\blacksquare$ share
• 4,500,000 unlisted options exercisable at 20 cents each on or before 31 $\blacksquare$ March 2006.
• 2.2.1 The number of holders in each class of security is set out below.

Ordinary Shares	Number
$1 - 1,000$
$1,001 - 5,000$
$5,001 - 10,000$	267
$10,001 - 100,000$	281
100,001 and over	51
Total

(Unlisted) Options exercisable at \$0.20 on or before 31 March 2006	Number
$1 - 1,000$
$1,001 - 5,000$
$5,001 - 10,000$
$10,001 - 100,000$
100,001 and over	へ
Total	κ

Phone	$+61$ 7 3839 5113	Head Office
Fax	$-61738398661$	Level 30.
Email	info@daquilar.com.au	Riverside Cen
Website	www.daguilar.com.au	123 Eagle Str
		D.C. B. L. L. DUD

Postal Address PO Box 7109, vel 30. verside Centre, Riverside Centre, 23 Eagle Street, Brisbane QLD 4001 Brisbane QLD 4000

Shamrock Mine Site Black Snake Boad PO Box 72 Kilkivan OLD 4600 $+61754841366$ Phone $-61754841434$ Fax

2.2.2 A list of the top 20 holders in each class of security is set out below.

Ordinary Shares:

$\sigma = \sqrt{\frac{2}{3}}$

1	Western Pacific Gold Inc	8,000,050	16.1%
$\overline{2}$	Gympie Gold Limited	7,000,000	14.1%
$\overline{3}$	Westpac Custodian Nominees Limited	2,730,000	5.5%
$\overline{4}$	SC Biggs	1,375,000	2.8%
5	Vincent Mascolo	1,311,044	2.6%
6	HSBC Custody Nominees (Australia) Limited	1,300,000	2.6%
7	Howard Hughes	1,000,000	2.0%
8	Tenstar Trading Limited	1,000,000	2.0%
9	Dr Christopher David Rawlings	925,000	1.9%
10	Bizzell Nominees Pty Ltd	880,000	1.8%
11	Pictet & Co	800,000	1.6%
12	Abbotsleigh Pty Ltd	750,000	1.5%
13	Liam Rigney	746,608	1.5%
14	Dr Robert Todd	675,000	1.4%
15	Samuel Capital Limited	650,000	1.3%
16	Agpro Pty Ltd	500,000	1.0%
17	Alchemy Securities Pty Ltd	500,000	1.0%
18	Gurravembi Investments Pty Ltd	500,000	1.0%
19	George Lee	500,000	1.0%
20	Alfredo Marrocco	500,000	1.0%
	Top 20	31,642,702	$63.5\%$
	Total	49,812,039 100.0%

(Unlisted) Options exercisable at \$0.20 on or before 31 March 2006:

	Samual Capital Limited	1,730,770	38.4%
	Vincent Mascola	1,384,615	30.8%
3	Damien Reynolds	1,384,615	30.8%
	Top 20	4,500,000	100.0%
	Total	4,500,000	100.0%

• $2.2.3$ The full terms and conditions of the Employee Share Option Plan and Directors and Executives Share Option Plan have been previously provided to the ASX.
• 2.2.4 Please find the attached independent expert's report as required by ASX Listing Rule 1.3.3.
• The Statement of Commitments in the Company's prospectus dated 28 May $2.2.5$ 2003 is unchanged based on the maximum funds raised of \$4.0 million being received.
• $2.2.6$ The Pro-forma Statement of Financial Position in the Company's prospectus dated 28 May 2003 is unchanged based on the maximum funds raised of \$4.0 million being received.

In addition, we note that it is anticipated that the distribution of 8,000,050 ordinary shares to shareholders of Western Pacific Gold Inc will occur within the three months following the date of official quotation of the securities of D'Aguilar Gold Limited. It is expected that the Company will seek quotation for 7,529,866 ordinary shares at the time of the distribution. The balance of 470,184 shares will be held by related parties to D'Aguilar Gold Limited and likely to remain subject to ASX restrictions for the full 24 months from official quotation.

Yours faithfully

Duncan Cornish Company Secretary D'Aguilar Gold Limited