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DGR GLOBAL LIMITED Capital/Financing Update 2007

Aug 28, 2007

64771_rns_2007-08-28_ffa13d9d-a345-421f-9485-6a7344b44391.pdf

Capital/Financing Update

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ASX Announcement

29 August 2007

Drilling Results Extend Mineralisation at Anduramba Molybdenum Project

Highlights

  • Further definition of high grade Molybdenum (Mo) zones; high Silver (Ag)

  • Hole 33: 84 m @ 0.11% Mo & 5.1g/t Ag = 0.12% Mo Equivalent (Eq)

  • Hole 36: 88m @ 0.075% Mo & 23 g/t Ag = 0.10% Mo Eq

  • Hole 37: 114m @ 0.095% Mo & 11.8 g/t Ag

  • Hole 37: 114m @ 0.095% Mo & 11.8 g/t Ag = 0.11% Mo Eq

  • Hole 38: 32m @ 0.05% Mo & 74g/t Ag, 0.26% Cu = 0.13% 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 first 8 holes of a 20 hole reverse circulation drilling program at Anduramba, located 30 kilometres north of Toowoomba, SE Qld. The new results confirm further high grade intersections and extend the mineralisation to the northeast beyond the current resource outline. 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.

Location of the latest 20 drillholes, numbered 33 to 52 are shown in Figure 1 and details for the first 8 holes are summarised in Table 1.

Long intersections of high grade molybdenum (“Mo”) were evident in several holes, especially in Hole 33 averaging 0.11% Mo over 84 metres (36 – 120m) and Hole 37 averaging 0.1% Mo over 114 metres (4 – 118m). Elevated silver (“Ag”) levels were also encountered in Holes 37, 38 and 39, most notably, a 32m section of Hole 38 which averaged 73.6 g/tonne Ag. These results demonstrate a late-stage silver-copper mineralising event that enhances the scope for significant silver-copper credits in parts of the Anduramba orebody.

Assays for the remaining 12 holes of the program are expected in 4 weeks and independent resource modelling and open pit design will then be undertaken.

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On behalf of the board, D P Cornish 29 August 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$11.90/oz
0.1
US$3.36/lb
1
pound (lb)
=
453.5924
grams (gm)
Metal* Prices (US$)
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, Mineral Resources or Ore Reserves 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 [email protected]

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

2 D’Aguilar Gold Limited

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Figure 1: Anduramba Molydenum Deposit and Drillhole Locations

3 D’Aguilar Gold Limited

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

Dip Hole Mo
Drillhole
No
GDA94
East
GDA94
North
Elevatio
n m ASL
Azimut
h mag

degree
s
TD
metres
From
metres
To
metres
Length
metres
Mo, Ag, Cu Grade Equiv
**ppm ***
Comments
033 411699 6997329 494 315 60 168 0 168 168 694ppm Mo, 4ppm Ag,
154ppm Cu
741 Established grade
continuityin N sector QFP
Includes 36 120 84 1139ppm Mo, 5.1ppm
Ag, 234ppm Cu
1202 High Grade Mo Zone
034 411626 6997349 488 315 60 180 38 96 58 602ppm Mo, 5.2ppm
Ag, 213ppm Cu
665 NW Sector infill
035 411614 6997383 488 315 60 198 56 170 114 564ppm Mo, 2.9ppm
Ag, 161ppm Cu
602 Host Contact Zone
Includes 158 170 12 2419ppm Mo, 2.1 ppm
Ag, 111ppm Cu
2447 High Grade Mo Zone
036 411627 6997346 488 135 60 186 0 186 186 496ppm Mo, 14ppm Ag,
268ppm Cu
633 North-central infill in
elevated Ag zone
Includes 44 132 88 750ppm Mo; 23ppm Ag,
462ppm Cu, 0.1% Zn
977 High grade Ag zone
037 411594 6997252 463 183 60 198 0 198 198 697ppm Mo, 8.2pm Ag,
107ppm Cu
772 Central-southern infill
hole
Includes 4 118 114 948ppm Mo, 11.8ppm
Ag, 126ppm Cu
1053 High Grade Mo Zone
038 411642 6997284 472 315 60 162 0 162 162 396ppm Mo, 25ppm Ag,
903ppm Cu, 0.16% Zn
684 Central infill hole firming
elevated Ag-Cu zone
includes 0 24 24 683ppm Mo, 12ppm Ag,
57ppm Cu
785 Oxide zone
Includes 42 74 32 485ppm Mo, 73.6ppm
Ag, 2603ppm Cu
1325 High grade Ag-Cu
intercept
Includes 40 122 82 451ppm Mo, 42ppm Ag,
1594ppm Cu, 0.2% Zn
942 High grade Ag-Cu
intercept
039 411647 6997278 472 135 60 161 0 161 161 429ppm Mo, 10.7pm
Ag, 224ppm Cu
535
Includes 48 86 38 669ppm Mo, 17.2ppm
Ag, 683ppm Cu
872 Elevated Ag-Cu zone
040 411660 6997472 465 218 60 198 0 198 198 525ppm Mo, 2.8ppm
Ag, 143ppm Cu,
562 Host zone contact & firm
previous intercepts
includes 44 162 118 786ppm Mo, 4ppm Ag,
173ppm Cu
834 Significant zone of
elevated Mo

(Note: * 1000ppm = 0.1%)

4 D’Aguilar Gold Limited