DGR GLOBAL LIMITED — Capital/Financing Update 2010

Apr 11, 2010

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ASX Announcement

12 April 2010

Non-Renounceable Rights Issue

D’Aguilar Gold Limited (D’Aguilar) is pleased to announce a non-renounceable rights issue to eligible shareholders, on the basis of one (1) new fully paid ordinary share for every ten (10) shares held, at an issue price of $0.048 per share ( New Shares ), to raise approximately $1.4 million, based on D’Aguilar’s undiluted share capital ( Rights Issue ). Assuming no existing options on issue in the Company are exercised, approximately 27,983,909 fully paid ordinary shares will be offered under the Rights Issue.

The Rights Issue will be available to all registered shareholders who hold shares on 23 April 2010 ( Record Date ). Shares issued pursuant to the Rights Issue will rank equally with all shares on issue.

D’Aguilar does not require shareholder approval in relation to the Rights Issue. Pursuant to the provisions in section 708AA of the Corporations Act 2001 (Cth), D’Aguilar is not required to prepare a prospectus for the Rights Issue. Option-holders will be notified on 12 April 2010 of the Rights Issue and the need to exercise their options and be a registered holder of shares on 23 April 2010 if they wish to participate in the Rights Issue.

In accordance with the Listing Rules of the ASX, D’Aguilar has considered the number of shareholders with registered addresses outside of Australia and New Zealand and the size of the shareholdings held by those shareholders. Taking this into consideration, as well as the costs of complying with the legal requirements and the requirements of the regulatory authorities relating to the shareholders with registered addresses outside of Australia and New Zealand, the Company has formed the view that it is unreasonable to extend the Rights Issue to those shareholders.

The purpose of the Rights Issue is to raise approximately $1.4 million, excluding the costs of the Rights Issue. The funds raised from the Rights Issue will be used to fund the costs of the Rights Issue, to provide working capital and to fund D’Aguilar’s group subsidiaries.

A proposed timetable for the Rights Issue is set out in the table below:

Date	Event(s)
12 April 2010	Announce Issue
12 April 2010	Lodge Appendix 3B with ASX
12 April 2010	Give notice to option holders and security holders
19 April 2010	“Ex” Date – securities are quoted on an ex basis
23 April 2010	Record Date
30 April 2010	Lodge s708AA Notice
30 April 2010	Dispatch offer documents to shareholders
30 April 2010	Issue Opens
21 May 2010	Issue Closes
31 May 2010	Allotment of shares under Issue

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Date	Event(s)
31 May 2010	Lodge s708A Notice
31 May 2010	Despatch Date
1 June 2010	Normal trading resumes

This timetable is indicative only and may be subject to change subject to the requirements of the Corporations Act 2001 (Cth) and the ASX Listing Rules.

The Rights Issue is being made without a disclosure document, pursuant to the exemption granted in section 708AA of the Corporations Act 2001 (Cth) ( Corporations Act ). D’Aguilar will prepare and send an offer document to shareholders on 30 April 2010, as set out in the timetable above.

Excluded information

D’Aguilar advises that as at the date of this notice there is no information:

• (a) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

• (b) that investors and their professional advisors would reasonably require for the purpose of making an informed assessment of:

• 1) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

• 2) the rights and liabilities attaching to the New Shares.

Further information

The Company anticipates that, approximately 27,983,909 New Shares will be issued (this number may have to be increased to 28,663,909 New Shares to existing option holders exercise their options prior to the Record Date). The New Shares will be issued for $0.048 each.

Upon completion of the Rights Issue, and assuming that existing option-holders do not exercise their options, the issued capital of D’Aguilar will comprise approximately 307,823,007 shares and 6,300,000 options exercisable at prices ranging from $0.09 to $0.22 each.

The New Shares will rank equally in all respects with D’Aguilar’s existing shares. If an eligible shareholder's entitlement results in a fraction of a New Share, the shareholder's entitlement will be rounded up to the nearest whole number.

There will be no deferred settlement trading in respect of the New Shares to be issued pursuant to the Rights Issue. Trading in the New Shares is expected to commence on 1 June 2010, the first business day following dispatch of the holding statements for the New Shares.

An Appendix 3B applying for quotation of the New Shares is attached to this announcement.

D’Aguilar encourages all eligible shareholders to participate in the capital raising.

On behalf of the Board KM Schlobohm Company Secretary

About D’Aguilar Gold

D’Aguilar Gold Limited is focussed on generating exploration and development companies in a wide array of minerals.

Projects are conceived directly through the skills and experience of D’Aguilar’s accomplished team of exploration geoscientists (an enviable track record), not by the costly purchase of properties. Each project or exploration strategy is held in a separate subsidiary.

Focussed and specialist management is then engaged in the subsidiary, with project specific finance raised in the subsidiary – faster and less dilutive to D’Aguilar. As the subsidiary project develops and starts to derisk the subsidiary is separately capitalised (seed raisings followed by an IPO).

Investors can choose to invest specifically in a particular project/commodity, or by investing in D’Aguilar, invest in the resource company generating business which retains a significant carried interest in each project.

D’Aguilar projects tend to be very large, targeting new provinces with the potential to make worldclass discoveries. The exploration concepts are often novel. While increased metal prices and advances in technology can turn former sub-economic deposits into viable projects, D’Aguilar subsidiary projects frequently emerge from detailed reassessment and reinterpretation of large databases – looking at things from a new angle and with a different focus using state of the art techniques. The D’Aguilar Directors and Managers have in the past applied new exploration models to extensive tenement areas which have led to identification of new mineral provinces and the discovery of nationally significant resources. Similar efforts are now being dedicated to D’Aguilar.

D’Aguilar Gold currently holds 50 million shares (48%) in Mt Isa Metals Limited (ASX: MET) embarking on an exciting gold strategy in Burkina Faso, and 32.9 million shares (17.05%) in Solomon Gold plc (LSE: SOLG). It is presently progressing the merger of its nickel and cobalt subsidiary AusNiCo Limited with Lions Gate Metals Inc (TSX-V: LGM), and will emerge with 7.83 million shares and 2.63 million warrants (33%) of Lions Gate after a C$4 million capital raising.

In the development pipeline, D’Aguilar is also progressing plans for four subsidiaries – Ridge Exploration (86% - iron ore, titanium and aluminium), Barlyne Mining (100% - porphyry copper gold), Anduramba Molybdenum (100%) and Navaho Gold (100% - gold and silver). Several other projects are at earlier stages of development, and will be announced to the market when exploration tenements have been secured.

Appendix 3B New issue announcement

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003.

Name of entity

D’AGUILAR GOLD LIMITED

ABN

67 052 354 837

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1 +Class of +securities issued or to be issued 2 Number of+securities issued or to be issued (if known) or maximum number which may be issued 3 Principal terms of the+securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)	Ordinary Shares
	27,983,909
	Pari Passu

• See chapter 19 for defined terms.

1/1/2003

Appendix 3B Page 1

Appendix 3B New issue announcement

4 Do the+securities rank equally in all respects from the date of allotment with an existing+class of quoted +securities? If the additional securities do not rank equally, please state: the date from which they do the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) 7 Dates of entering+securities into uncertificated holdings or despatch of certificates 8 Number and +class of all +securities quoted on ASX (_including_the securities in clause 2 if applicable)	Yes
	$0.048
	Pro Rata Issue
	31 May 2010
	Number	+Class
	307,823,007	Ordinary

• See chapter 19 for defined terms.

1/1/2003

Appendix 3B Page 2

Appendix 3B New issue announcement

Number +Class 9 Number and +class of all +securities not quoted on ASX ( including the securities in clause 2 1,000,000 Options (9c @ 30/04/11) (Unlisted) if applicable) 1,000,000 Options (12c @ 30/04/11) (Unlisted) 1,000,000 Options (15c @ 30/04/11) (Unlisted) 3,000,000 Options (27.5c @ 30/06/11) (Unlisted) 300,000 Options (22 @ 30/06/11) (Unlisted)

10 Dividend policy (in the case of a N/A trust, distribution policy) on the increased capital (interests)

Part 2 - Bonus issue or pro rata issue

11 Is security holder approval No required? 12 Is the issue renounceable or nonNon-Renounceable renounceable? 13 Ratio in which the[+] securities will 1:10 be offered 14 +Class of +securities to which the Ordinary offer relates 15 +Record date to determine 23 April 2010 entitlements 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements? 17 Policy for deciding entitlements in Fractional entitlements will be rounded up to relation to fractions the nearest whole number.

• See chapter 19 for defined terms.

1/1/2003

Appendix 3B Page 3

Appendix 3B New issue announcement

18 Names of countries in which the entity has+security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. 19 Closing date for receipt of acceptances or renunciations 20 Names of any underwriters 21 Amount of any underwriting fee or commission 22 Names of any brokers to the issue 23 Fee or commission payable to the broker to the issue 24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of+security holders 25 If the issue is contingent on +security holders’ approval, the date of the meeting 26 Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled 27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders	United Kingdom, Channel Islands, Bahamas, Malysia, USA. Papua New Guinea
	21 May 2010
	Not applicable
	Not applicable
	Not applicable
	Not applicable
	Not applicable
	No
	30 April 2010
	12 April 2010

• See chapter 19 for defined terms.

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Appendix 3B New issue announcement

28	Date rights trading will begin (if
	applicable)
29	Date rights trading will end (if
	applicable)
30	How do+security holders sell their
	entitlements_in full_through a
	broker?
31	How do+security holders sell_part_
	of their entitlements through a
	broker and accept for the balance?
32	How do+security holders dispose
	of their entitlements (except by
	sale through a broker)?
33	+Despatch date

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

34 Type of securities ( tick one ) (a)[Securities described in Part 1 ] (b)[All other securities ]

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

• 35[If the ][+][securities are ][+][equity securities, the names of the 20 largest holders of the ] additional[+] securities, and the number and percentage of additional[+] securities held by those holders

36 If the[+] securities are[+] equity securities, a distribution schedule of the additional[+] securities setting out the number of holders in the categories

1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over

• See chapter 19 for defined terms.

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Appendix 3B Page 5

Appendix 3B New issue announcement

37[A copy of any trust deed for the additional ][+][securities ]

Entities that have ticked box 34(b)

38 Number of securities for which +quotation is sought 39 Class of +securities for which quotation is sought 40 Do the[+] securities rank equally in all respects from the date of allotment with an existing[+] class of quoted +securities? If the additional securities do not rank equally, please state: the date from which they do the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 41 Reason for request for quotation now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security) Number +Class 42 Number and[+] class of all[+] securities quoted on ASX ( including the securities in clause 38)

• See chapter 19 for defined terms.

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Appendix 3B Page 6

Appendix 3B New issue announcement

Quotation agreement

• 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the[+] securities on any conditions it decides.

• 2 We warrant the following to ASX.

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• The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

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• There is no reason why those[+] securities should not be granted[+] quotation.

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• An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

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• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that no-one has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.

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• We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the[+] securities to be quoted, it has been provided at the time that we request that the[+] securities be quoted.

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• If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.

• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

• 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before[+] quotation of the[+] securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

K Schlobohm Company Secretary 12 April 2010

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• See chapter 19 for defined terms.

1/1/2003

Appendix 3B Page 7