DGR GLOBAL LIMITED — Capital/Financing Update 2003

Jul 13, 2003

ASX Announcement

14 July 2003

Closing of Priority Entitlement for Shares in D'Aguilar Gold

Shareholders and noteholders of Gympie Gold Limited have until the close of trading this Friday, 18 July 2003, to receive priority entitlement to shares in the initial public offering of D'Aguilar Gold Limited. Applications received from Gympie Gold shareholders after this date will be treated in the same manner as other general applications, with the issue scheduled to close on 8 August 2003.

D'Aquilar Gold, 25%-owned by Gympie Gold, is a new gold exploration company seeking to raise \$4 million and list on the Australian Stock Exchange next month. The company will focus on the discovery of large, bulk-mineable gold-copper deposits in south-east Queensland.

The D'Aquilar Gold Prospectus and a priority application form was mailed to Gympie Gold shareholders and noteholders on record as at 20 June 2003. Copies of the D'Aguilar Gold Prospectus including the application form can be obtained from D'Aguilar Gold's website, www.daguilar.com.au. The minimum subscription for the issue of \$2.5 million is underwritten.

The investment in D'Aguilar is an important part of Gympie Gold's strategy. However, Gympie Gold shareholders and noteholders are under no obligation to subscribe to the D'Aquilar float and are advised to read the prospectus and consult a professional adviser if necessary prior to any investment in D'Aquilar.

Gympie gold shareholders intending to apply for D'Aquilar shares and be entitled to the priority entitlement should ensure that their applications are received by the D'Aguilar share registry by Friday, 18 July 2003, in accordance with the instructions in the prospectus.

Any queries can be directed to Mr Nick Mather at D'Aguilar Gold on (07) 3839 5113 or the Gympie Gold office on (02) 9251 2777.

For Further Information Contact: Harry Adams, Managing Director 02 9251 2777 or international +61 2 9251 2777

Electronic copies of this report are available on website www.gympiegold.com.au Requests to be placed on email circulation list can be emailed to info@gympiegold.com.au

Summary of D'Aguilar Float

Key Terms
Offer Price	\$0.20	per share
No. of Shares to be offered under this Prospectus	20,000,000	shares
No. of Shares to be issued to Gympie Gold Limited	7,500,000	shares
Shares on issue prior to this Offer	29,812,039	shares
Total Issued Shares to be listed on Australian Stock Exchange ('ASX'):
Minimum 49,812,039	Maximum 57,312,039
Market Capitalisation of Shares at Offer Price:
Minimum \$9,962,408	Maximum \$11,462,408
Key Dates
Applications open	23 June	2003
Entitlement date for Gympie shareholders & noteholders	20 June	2003
Gympie shareholder/noteholder priority applications close	18 July	2003
All other normal share applications close	8 August	2003
Allotment of shares under the Prospectus	12 August	2003
Dispatch of statements of shareholder entitlements	15 August	2003
Anticipated date of trading shares listed for quotation on ASX	21 August	2003

These dates are indicative only. The Company reserves the right to vary the closing date of the Issue, which may have a consequential effect on other dates.

LOCATION MAP

D'Aquilar's exploration tenements cover many porphyry gold-copper targets in a major mineralised province in southeast Queensland. This province has not previously been explored for these major gold orebodies, examples of which occur both north and south of this area.

D'Aquilar's 1482 sq kms of exploration tenements (red cross-hatch areas on map) are located some 25 to 50 kilometres west of the Gympie Goldfield which is 100% controlled by Gympie Gold Limited (green stripe areas on map).

Gympie will sell to D'Aquilar three prospect areas (purple fleck areas on map) that are of similar geology to D'Aguilar's main prospects in that they contain gold-bearing porphyry rocks.

The net result is focussed gold exploration in two geological districts by two experienced exploration teams.