DGR GLOBAL LIMITED — Capital/Financing Update 2007

Oct 15, 2007

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ASX Announcement

16 October 2007

Correction to announcement

Drill Results expand West mineralisation at the Anduramba Molybdenum Project

The Competent Persons Statement on the announcement made earlier today has been amended with the additional reference to “Mineral Resources”.

Competent Persons Statement

The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Nicholas Mather B.Sc (Hons) Geol., who is a Member of The Australian Institute of Mining and Metallurgy. Mr Mather is employed by Samuel Holdings Pty Ltd which provides certain consultancy services including the provision of Mr Mather as the Managing Director of D’Aguilar Gold Ltd.

Mr Mather has sufficient experience which is relevant to the style of mineralisation and type of deposit being reported and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves’ (the JORC Code). Mr Mather has consented in writing to the inclusion in this report of the matters based on the information in the form and context in which it appears.

On behalf of the board, D P Cornish 16 October 2007

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ASX Announcement

16 October 2007

Drill Results expand West mineralisation at the Anduramba Molybdenum Project

Highlights

• A. High Grade extension to Molybdenum (Mo) mineralisation in the Western sector � Hole 49: 58 metres (m) @ 0.101% Mo

• B. Further confirmation of mineralised porphyry in North Western sector � Hole 51: 76m @ 0.06% Mo & 4.3g/t Ag = 0.067% Mo Equivalent (Mo Eq)* Includes 14m @ 0.18% Mo & 12.8ppm Ag = 0.19% Mo Eq

• � Substantial Cu intercept (8m @ 0.3% Cu) in vertical hydro-geological hole � Hole 52: 162m @ 0.056% Mo & 12.2g/t Ag = 0.07% Mo Eq * (refer footnote below regarding metal equivalence aggregation methods)

D’Aguilar Gold Limited’s wholly owned subsidiary, Anduramba Molybdenum has received assays for the last seven drill holes (RC46-RC52) of a 20 hole 3,303 metres reverse circulation drilling program at Anduramba, located 30km north of Toowoomba, south-east Queensland. Results have been positive – see highlights listed above.

Holes RC48 to 50 confirmed and extended the western mineralisation along the porphyrygranodiorite contact with significant high grade zones including 12m @ 0.15% Mo Eq in hole RC48; 58m @ 0.103% Mo Eq in hole RC49 and 10m @ 0.084% Mo Eq in hole RC50. Hole RC51 intersected the metasediment-porphyry contact in the NW and further established deep mineralisation; 76m @ 0.067% Mo Eq from 122m down hole including a high grade zone of 14m @ 0.19% Mo Eq, thus confirming that Anduramba molybdenum mineralisation is still open at depth.

Hole RC52 was drilled vertically within the central base metal anomalous zone of the porphyry, principally to facilitate hydro-geological studies. The entire hole reported 162m @ 0.056% Mo, 12.2ppm Ag & 372ppm Cu (0.07% Mo Eq) with a high grade intercept of 18m @ 0.11% Mo Eq.

Hole RC46 was drilled in the northeast of the prospect and intersected the granodiorite-porphyry host rock with high grade zones 2 to 6 metres thick and exceeding 0.1% Mo. Hole RC 47 in the south was un-mineralised.

The previous Inferred Resource estimate for Anduramba (refer ASX Announcement 2 July 2007) was 26.6 million tonnes above a cut-off grade of 0.03% Mo Equivalent averaging 0.07% Mo Equivalent. The recent drilling program is highly likely to enhance the resource, as a result of the intersection of significant mineralised zones at or above the resource grade, and beyond the current resource limits.

Location of these seven holes RC46 to 52 are shown in Figure 1, with the 2006 resource outline superimposed in green. The dotted blue envelope indicates the revised extent to mineralisation based on the latest drill results. An updated detailed resource estimation is in progress.

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Assay results for the holes RC46 to 52 are summarised in Table 1.

With the data set now complete for all drilling programs, work has commenced with company consultants to develop an updated block model and undertake a Whittle 4D pit optimisation study. This is expected within six weeks. The resource remains open at depth underneath the high grade Mo, Ag and base metal intercepts.

Metallurgical test work has been continuing, with a new series of flotation tests on larger sample sizes to be undertaken as soon as additional large-diameter diamond core is available from three metallurgical test sample-holes to be drilled shortly.

On behalf of the board, D P Cornish 16 October 2007

Footnote regarding estimation and metal equivalents assumptions :

The company undertakes a composite assay analysis of every 2 metres in each drill hole.

Cut-off grades are based on Molybdenum Equivalence (“Mo Equiv”) and the inputs for this calculation are:

1 troy ounce (oz) =	1 troy ounce (oz) =	31.103477 grams (gm)	31.103477 grams (gm)	Ratio Today’s Spot Prices for comparison with the February outlook prices used 1.00 US$32/lb 7.88 US$13.80/oz 0.1 US$3.70/lb
1 pound (lb) =		453.5924 grams (gm)
Metal*	Prices (US$) Feb 2007 outlook	Units	Price (US$) per gram (gm)	Ratio
Mo Ag Cu	$25.00 $13.50 $2.50	/ lb / troy ounce / lb	$0.055 / gm $0.434 / gm $0.006 / gm	1.00 7.88 0.1

Where Mo = Molybdenum, Ag = Silver and Cu = Copper (all in ppm)

In the Company’s opinion all elements included in the metal equivalents calculation have a reasonable potential to be recovered, approximately in the proportions of 70% to 85% for Mo, 75% to 85% for Ag and 70% to 80% for Cu based on preliminary metallurgical testwork results to date. Recoveries may change as testwork proceeds. On this basis, the formula used to calculate Mo Equiv is as follows:

Mo Equiv = Mo + 7.88xAg + 0.1xCu

Competent Persons Statement

The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Nicholas Mather B.Sc (Hons) Geol., who is a Member of The Australian Institute of Mining and Metallurgy. Mr Mather is employed by Samuel Holdings Pty Ltd which provides certain consultancy services including the provision of Mr Mather as the Managing Director of D’Aguilar Gold Ltd.

Mr Mather has sufficient experience which is relevant to the style of mineralisation and type of deposit being reported and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves’ (the JORC Code). Mr Mather has consented in writing to the inclusion in this report of the matters based on the information in the form and context in which it appears.

For further information contact:

� Mr Nicholas Mather, Managing Director (07 3303 0680 or 0417 880 448); � Mr Greg Runge, General Manager (07 3303 0680 or 0418 546 739);

� Mr Duncan Cornish, Company Secretary (07 3303 0680 or 0407 623 302);

or at info@daguilar.com.au

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

3 D’Aguilar Gold Limited

Figure 1: Anduramba Molybdenum Deposit and Drillhole Locations

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4 D’Aguilar Gold Limited

Table 1: Recent drill hole locations, assay results and Molybdenum Equivalents (Mo Equiv)

	GDA94	GDA94	Elevation m	Azimuth	Dip	Hole TD	From	To	Length		Mo
Drillhole No	East	North	ASL	mag	degrees	metres	metres	metres	metres	Mo, Ag, Cu Grade	Equiv %	Comments
07RCAND046	411814	6997381	455	268	60	174	12	18	6	0.1% Mo, 21.5ppm Ag, 294ppmCu	0.135	NE Sector - high grade Mo-Ag inoxidised GDR
							96	98	2	0.2% Mo, 0.7ppm Ag, 113ppmCu	0.229	High grade Mo in GDR
							108	110	2	0.36% Mo, 1ppm Ag, 27ppmCu	0.366	High grade Mo in GDR
							124	174	50	0.04% Mo, 1ppm Ag, 76ppmCu	0.041	QFP - Sulphide Zone
							126	132	6	0.1% Mo, 1.1ppm Ag, 84ppmCu	0.123	High grade Mo in QFP
							160	162	2	0.16% Mo, 1.4ppm Ag, 77ppmCu	0.165	High grade Mo in QFP
07RCAND047	411550	6997179	439	135	60	150	60	98	38	0.05% Mo, 4.6ppm Ag, 89ppmCu	0.056	QFP - close off mineralisation inSWsector
07RCAND048	411497	6997355	453	135	60	150	0	150	150	0.04% Mo, 2.3ppm Ag, 132ppmCu	0.043	GDR-QFP Contact WNW Sector -entirehole
							40	98	58	0.06% Mo, 2.8ppm Ag, 109ppmCu	0.067	GDR-QFP Contact WNW Sector -elevatedMozone
							50	62	12	0.14% Mo, 7.8ppm Ag, 160ppmCu	0.150	High Grade - Rhyolite intruded QFP
07RCAND049	411462	6997243	444	315	60	150	20	150	130	0.066% Mo, 1.3ppm Ag, 67ppmCu	0.068	QFP-GDR contact in W sector
							20	78	58	0.1% Mo, 1.8ppm Ag, 66ppmCu	0.103	High Grade in QFP
							42	46	4	1.04% Mo, 3.6ppm Ag, 77ppmCu	1.045	Quartz-Mo veins in QFP
07RCAND050	411398	6997256	440	135	60	174	140	170	30	0.05% Mo, 2.3ppm Ag, 106ppmCu	0.054	GDR-felsic dykes W Sector
							150	160	10	0.08% Mo, 1.6ppm Ag, 95ppmCu	0.084	Altered GDR/QFP
							90	92	2	0.29% Mo, 8.3ppm Ag, 63ppmCu	0.300	Quartz-Mo veins in ?QFP
07RCAND051	411538	6997450	490	135	60	198	122	198	76	0.06% Mo, 4.3ppm Ag, 145ppmCu	0.067	Mineralized QFP at depth in NWSector
							126	140	14	0.18% Mo, 12.8ppm Ag, 271ppmCu	0.190	High grade zone
							100	108	8	0.12% Mo, 2.6ppm Ag, 118ppmCu	0.121	Metasediment with GDR dykes
07RCAND052	411651	6997274	472		90	162	0	162	162	0.056% Mo, 12.2ppm Ag, 372ppmCu	0.070	Vertical hydrogeological hole inQFP
							78	86	8	0.01% Mo, 58.5ppm Ag, 0.3% Cu	0.089	Sulphide rich mafic dyke
							96	142	46	0.08% Mo, 7ppm Ag, 128ppmCu	0.087	QFP - elevated sulphide zone
							124	142	18	0.1% Mo, 6.8ppm Ag, 116ppmCu	0.112	High grade Mo in QFP
Note: 1000 ppm = 0.1% GDR = granodiorite QFP = quartz feldspar porphyry

5 D’Aguilar Gold Limited