DGR GLOBAL LIMITED — Capital/Financing Update 2006

Jun 29, 2006

ASX ANNOUNCEMENT

30 June 2006

Share Purchase Plan

The Directors of D'Aguilar Gold Ltd ("the Company") are pleased to announce that the Company proposes to raise up to a maximum of \$1.25 million (before issue costs) through a share purchase plan ("Plan").

The Plan will involve the offer of a maximum of 25,000,000 new shares at an issue price of \$0.050 representing a discount of 12.9% to the average closing price over the last five days of trading of the shares of the Company on the ASX prior to the date of this announcement. The issue has been underwritten to the extent of 16,000,000 shares at 5.0 cents each guaranteeing a minimum raising of \$800,000.

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

• $$3,000;$ or $\bullet$ .
• \$5,000 $\bullet$

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 our below.

Not all of the Directors of the Company intend taking up their entitlement in the Plan.

The Plan documentation will be dispatched to shareholders on 3 July 2006.

The key dates for the Plan are as follows:

Record Date of the Plan	Thursdav	29 June 2006
Opening Date of the Plan	Monday	3 July 2006
Closing Date of the Plan	Friday	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

Project summaries

The next exploration phase will include some 6.200 metres of drilling in total, focussing on the following projects:

The Company's Nickel laterite exploration project at Cobalt Lode and Ridleys where there $\uparrow$ . is widespread mineralisation in the 0.4 to 1.1 % nickel range in a laterite over two zones, at Cobalt Lode over a 400 x 400m zone open at 30m depth @ 0.4%Ni and at Ridley's, 1.5 km to the south where mineralisation has been encountered up to 26m deep in drill holes and is evident over a 700 x 200m zone. At recent nickel prices D'Aquilar believes that there is significant upside for an economic project. D'Aquilar has a number of other nickel projects which have potential to yield other nickel laterite resources and nickel sulphide mineralisation. Approximately 1.700 metres of drilling is directed at the deeper extensions at Cobalt Lode and the areal extent of both the Cobalt Lode and the Ridley's laterite resource targets.

1. The Company is planning to conduct approximately 1,800 metres of RC and core drilling on its Anduramba Molybdenum resource, near Brisbane. The drilling is expected to infill grade data for the current resource and identify high grade areas for pit optimisation in the pre-feasibility phase. Part of this assessment work is being conducted by Coffey International Limited (previously Tennant Isokangas). Core samples will also provide the Company with metallurgical data. The project currently shows a positive discounted Net Present Value on the basis of discarding the oxide cap, current Molvbdenum prices and independently assessed capital and operating cost estimates. Subject to final outcomes of these studies. D'Aquilar intends to progress the development of this resource as soon as possible following completion of the next drill program and feasibility study, using a mixture of debt. convertible debt, equity and arrangements with future off-take parties to fund the project.

2. High grade gold resources suitable for toll treating at a nearby third party mill. The Company's search for a porphyry copper gold deposit in the D'Aquilar Block has not been successful to date, however a number of higher grade gold vein style resource targets have been identified and the drilling program will direct some 2,700 meters at resource definition on six individual vein systems. The targeted vein style systems and previous key intersections include:

Long Tunnel	2 m @ 15g/t Au @ 52 m depth and 2m @ 5.7 g/t Au @ 54m
ABC/Star of Dawn/ South	1.2 m @ 25.4g Au, 46 g/t Ag @ 115m, 1.3 m @ 13.2 Au & 12.4 Ag @
Burnett Mine	140 m, 1.9 m @9.6 g/t Au & 15.2 g/t Ag @ 155m
Golden Spur	1m @29.9Au @ 21m, 1 m @ 14 g/t @ 13 m, 1m @ 12.8 g/t Au @17m
and Red Rock, Windera	1m @18 g/t Au @ 29m, 10 m @1.55 g/t Au @39m
Itchy Quid, Woolooga	1.18 g/t Au from 9m, 6 m @ 2.98 g/t Au from 14 m, 8 m @ 2.38 g/t Au
	from $26 \text{ m}$
Ortts	Not previously drilled
Dranes Gully	Not previously drilled
Manumbar	up to $2 \text{ m}$ @ 36.3 g/t Au

(Note these intersections are not true widths and are previously published exploration results)

D'Aguilar is currently undergoing a porphyry copper gold prospectivity review of the D'Aguilar Gold project and expects that this study will redirect the porphyry copper gold search effort in the D'Aguilar Block when it is completed in late July.

The Company has a portfolio of other exploration opportunities which will be advanced as a second priority to the above key projects.

On behalf of the Board D P Cornish Company Secretary

For further information, contact:

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

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