DGR GLOBAL LIMITED — Capital/Financing Update 2006

Jul 9, 2006

ASX ANNOUNCEMENT

10 July 2006

Advertisement to appear in the July edition of Gold Mining Journal

The attached advertisement will appear in the July edition of Gold Mining Journal. The advertisement provides an update on the Company's pre-feasibility study on its molybdenum resource plus its exploration for nickel, copper and gold ore bodies.

The Company currently has a Share Purchase Plan ("Plan") open that proposes to raise up to a maximum of \$1.25 million (before issue costs).

The Plan involves the offer of a maximum of 25,000,000 new shares at an issue price of \$0.050. The issue has been underwritten to the extent of 16,000,000 shares at 5.0 cents each quaranteeing a minimum raising of \$800,000.

Shareholders registered on the Company's share register at 7pm on the Record Date of the Plan are entitled to take up, at their election, either:

• $$3,000;$ or $\bullet$
• \$5,000

of new shares at the issue price of 5.0 cents per share.

Proceeds of the Plan are planned to be expended on contributing to the Company's nickel, molybdenum and gold assets plus meeting the costs of the Plan and working capital. A summary of these projects is set out on the attached advertisement.

The Plan documentation was dispatched to shareholders on 3 July 2006.

The key dates for the Plan are as follows:

Record Date of the Plan	Thursday	29 June 2006
Opening Date of the Plan	Mondav	3 July 2006
Closing Date of the Plan	Fridav	21 July 2006
Shortfall Applications and funds received from the Underwriters of the Plan	Monday	31 July 2006
Issue and Allotment of new shares under the Plan	Fridav	4 August 2006

For further information, contact:

Mr Nicholas Mather, Managing Director or Mr Duncan Cornish, Company Secretary Telephone +61 7 3303 0680 or at info@daguilar.com.au

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

ASX Code: DGR

.
Head Oliice Level S. .........
60 Edward Streus, Bristiane QLD 4000

Postal Address GPD Box 5261. Brisbane QLD 4001

Shamrock Mine Site Stack Scale Road PÓ Box 72, Kilkivan QLD 4600 Phone +61 7 5484 1366 $+66754841634$

D'Aquilar Gold Limited

Molybdenum resource in pre feasibility and exploration for world class nickel, copper and gold ore bodies.

BLACK SNAKR von kit coAAs Y NICKEL RROJRCts

Corporate: ASX Code: DGR · Cash: \$1.2m · Issued Shares: 105.5m * Market Capitalisation: \$ 6.33m @ 6c For further information on D'Aquilar Gold and it's projects contact:

Mr Nicholas Mattier, Managing Director or Greg Runge, General Manager Phone +61 7 3303 0680

Level 5, 60 Edward St. Brisbane Old 4000 · WWW.daquilar.com.au 'post underwritten SPP (4-Aug-06)

Black Snake Nickel Project

• Ridley's grospect defined over 700 m strike, up to 200m wideand 26 m thick. Open north and south.
• Nickel and cobalt mineralisation to 2.9 % and 0.15% in delling.
• Mt Cobalt taroet over 400 x 400 m at least 30 metres thick.
• Mineralisation from surface @ 0.46% nickel, copper credits up to 0.11% and open at depth.
• Up to 1.6% sickel at surface in centre of anomaly, current drilling on edge of anomaly
• 1,700 metres drilling planned next quarter
• Mapping, samplizer and soil sampling -programs planned-Poperima, Wallaville, Neurons and Mc Casthys targets next quarter

Anduramba Molybdenum Project

• 20 million tonnes @ 0.07% Mo
• Current reoptimisation and prefeasibility study expected July. 2006, 1,800 metres reverse circulation and core program to lift size and grade of resource
• Additional regional largets at Bluff Moseriain, Maroeghi Creek, Middle Creek and Bunya.
• Current molybdenum prices of USD 26.5 / Ib simple metallargy and low strip ratios driving strongly positive NPV.
• Financing options under review.

Regional High Grade Gold Targets

D'Aguilar is targeting high grade regional gold targets alseveral locations firough outlits extensive fenement area:

Lerig Tunnef	2 m @ 35g/i Au @ 52 m depth and 2 m @ 5.7 g/t Au @ 54 m
ABC/Siar of Dawn' South Bernett Mine	1.2 m @ 25.4q Au, 46 o/l Ao, @ 115 m, 1.3 m @ 13.2 Au St 12.4 Au @ 140 m. 1.9 m @9.6 gh Au & 15.2 o/l Aq @ 155 m
Golden Spur and Red Rock, Windera	1 m @ 29.9A c @ 21 m, 1 m @ 14 g/l @ 13 m. 1 m @ 12.8 g/l.Au @ 17 m 1 m @ 18 g/i Au @ 29 m, 10 m @ 1.55 g/l Au @ 39 m
Hchy Oak, Woolooga	20 m @ 1.18 oft Ac from 9 m. 6 m @ 2.99 c/l Au from 14 m, 8 m @ 2.39 g/t Au from 26 m
Orits	Not previously drilled
Dranes Golly	Not previously dritted
Marembar	2 m @ 36.3 g/t Au

• 2,700 metres RC drilling planned next quarter
• Bulk mineable porthyry prospectivity review due July - August 06