DGR GLOBAL LIMITED — Capital/Financing Update 2008

Jun 1, 2008

==> picture [218 x 68] intentionally omitted <==

==> picture [227 x 32] intentionally omitted <==

ASX Announcement

2 June 2008

New Copper‐Silver Discovery at Black Snake

Highlights

• 14 metres averaging 1.2% copper and 2.8 ounces per tonne silver intersected in drillhole SG 1 from 32 to 46 metres depth

• Mineralisation is primary sulphide and not surface enriched

• Extensive silver zinc copper nickel zone 5km long and up to 500m wide in soil sampling: high tonnage and disseminated mineralisation potential

• Twelve drill targets defined. Mapping and sampling to extend targets and define additional targets

• Historic mine dump samples up to 2,060 g/t silver

• Potential for a high grade polymetallic sulphide project centred on Shamrock treatment site 3km south

• High grade silver –copper add second leg to AusNiCo’s nickel ‐ cobalt strategy

D’Aguilar Gold Limited and subsidiary, AusNiCo Pty Ltd have discovered significant new copper silver mineralisation at Black Snake, 30 km south of Kilkivan in Southeast Queensland (see Figure 1). The first drillhole in the current drilling program at a prospect called Silver Valley has returned an intersection of 14 metres at a grade of 1.2% copper and 87g/t (2.8 ounces per tonne) of silver.

Table 1: Drill Results from Black Snake Reconnaissance Drilling. April‐May 2008

Drillhole	Easting	Northing	BearingDegrees	DipDegrees	HoleDepth(metres)	From	To	Length*	Intersection Assay
						(metres)	(metres)	(metres)	Copper (Cu), Gold(Au), Silver (Ag)
SG1	429175	7101358	230	60	70	32	46	14	1.2% Cu 87 g/t Ag
					Including	38	46	8	1.5% Cu 107 g/t Ag

• True widths are believed to be about 75% of the intercept width.

This intersection is in primary sulphide mineralisation with no oxide and is not a surficial supergene enriched zone. The potential for high grade extensions to considerable depths is therefore encouraging. The 5km long, 500m wide soil geochemical anomaly (see Figure 2) suggests significant potential exists for a major mineralised system.

==> picture [560 x 44] intentionally omitted <==

The prospect, known as Silver Valley is one of four offset sub parallel mineralised zones on the north eastern edge of the Black Snake Plateau, an area which was the site of some of the earliest mining activity in Queensland’s history. Numerous high grade copper silver gold mines were worked around the beginning of the last century and include Shamrock, Copper Lode, Mt Coora, Mt Clara, Peak, Mariners and Pembroke. New prospects identified by D’Aguilar include Mt Terrible, 500m west of Silver Valley and Humble Pie, 700m to the north of Silver Valley.

In addition there are numerous structural features which are now the subject of mapping and sampling programs in the area, in an effort to define additional drill targets.

Results from a further drill hole on the same zone at Silver Valley and drill intersections from 12 further holes on the Pembroke, Mt Terrible and Humble Pie prospect, 2km west of Silver Valley, are yet to be reported. The high grade zones appear to be up to 20 metres wide and up to 200 metres long. The target zones occur in an extensive zone of silver‐nickel‐cobalt and copper anomalism, which extends for a distance of some 5km north south through the Ridley’s and Mt Coora projects and up to 500m wide (east‐west) near the Mt Terrible and Silver Valley prospects (refer Figure 2).

The copper, and in particular, the silver potential of the eastern Black Snake Plateau has not previously been targeted by modern explorers, even though they include the oldest historic mines in Queensland at Mt Coora. D’Aguilar believes that in this region there may be sufficient high grade copper and silver resources available to make a feasible development project, in conjunction with granted mining leases and plant site at the Company’s currently mothballed Shamrock treatment site and processing facility, some 2km to the south‐west.

Copper also occurs within the nearby Ridleys and Mt Cobalt nickel deposits. D’Aguilar has now gained a clearer understanding of the mineralised system and believes the copper nickel and cobalt has been sourced from the ultramafic (iron and magnesium rich) serpentinite (greenstone) host adjacent to the Station Creek Adamellites (a type of granite). The adamellite has provided mineralising fluids rich in silver, gold and boron, effecting a polymetallic mineral system on the adamellite and the serpentinite.

The development of stockworks, vein networks and complex vein systems and disseminated mineralisation over a 100 x 400m zone at Humble Pie, east of Mt Terrible and Silver Valley, in conjunction with the structural complexity indicates the potential for a high tonnage resource to be discovered in the area.

Page | 2

The Black Snake project is held in AusNiCo Pty Ltd, a 90% owned subsidiary of D’Aguilar Gold Limited. The company holds $1.0m in cash and is focussing on the exploration for and development of oxide nickel resources in greenstone belts in southeast Queensland. The discovery of the high grade copper silver mineralisation in primary sulphides within the same geological systems adds considerable upside to the future of AusNiCo which is planned by D’Aguilar to be the next independently managed and funded company to be floated by D’Aguilar.

D’Aguilar intends to afford D’Aguilar shareholders the right to subscribe for a substantial proportion of the Initial Public Offering to accompany the listing of AusNiCo on the ASX.

On behalf of the Board DP Cornish

Company Secretary

For further information contact:

Mr Nicholas Mather Managing Director Ph: 07 3303 0680 or 0417 880 448

Mr Ian Levy Chief Executive Officer Ph: 0407 189 122

Mr Greg Runge General Manager Ph: 07 3303 0680 or 0418 546 739

Mr Duncan Cornish Company Secretary Ph: 07 3303 0680 or 0407 623 302

Email: info@daguilar.com.au

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

Competent Persons Statement

The information herein that relates to Exploration Results 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 more than five years 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). This public report is issued with the prior written consent of the Competent Person(s) as to the form and context in which it appears.

Page | 3

==> picture [454 x 481] intentionally omitted <==

----- Start of picture text ----- SilverValleyDiscoveryD’Aguilar & AusNiCoTenements----- End of picture text -----

Figure 1 : Location of AusNiCo’s Silver Valley Discovery, 220 km northwest of Brisbane SE QLD

Page | 4

==> picture [631 x 493] intentionally omitted <==

----- Start of picture text ----- Figure 2 : Black Snake Project AreaSILVER VALLEY----- End of picture text -----

Page | 5