DGR GLOBAL LIMITED — Capital/Financing Update 2010

Apr 8, 2010

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ASX Announcement

9 April 2010

Update on Merger of AusNiCo Limited and Lions Gate Metals Inc.

Further to previous announcements, the Board of Directors is pleased to advise that it continues to progress the merger of its 80% subsidiary AusNiCo Ltd with Tier 1 TSX.V listed Lions Gate Metals Inc.

Lions Gate lodged the requisite Filing Statement with the TSX on 18 March 2010, and has now received notice from the TSX Venture Exchange that the acquisition of AusNiCo Limited has been conditionally accepted subject to completion of the CDN$4 million private placement, receipt of shareholder approval and final filings with the Venture Exchange. By mutual agreement between Lions Gate, D’Aguilar Gold and AusNiCo the closing date has been extended to 22 April 2010 to resolve these final matters.

As previously advised, on settlement Lions Gate would acquire from the AusNiCo shareholders all of the issued and outstanding shares and options of AusNiCo in exchange for the issuance of an aggregate of 10,000,000 common shares of the Company to the AusNiCo shareholders and 3,000,000 warrants to the AusNiCo option holders.

D’Aguilar Gold is an 80% shareholder of AusNiCo, and also holds 20 million of the 22 million options on issue. Accordingly, following settlement, D’Aguilar Gold would emerge with 7.8m Lions Gate shares and 2.6m Lions Gate warrants, with a nominal value of approximately A$11m, based on the transaction and capital raising pricing of CDN$1.10.

In addition, Lions Gate would provide A$250,000 in cash for the discharge of AusNiCo’s recorded liabilities at the date of the signing of the Letter of Intent (December 2009), plus the subsequent costs associated with the settlement of the transaction.

About AusNiCo

AusNiCo is an unlisted Australian company with nickel exploration tenements in South East Queensland, Australia. It is 80% owned by D’Aguilar Gold which is listed on the Australian Securities Exchange (ASX: DGR). The merger of the two companies will create a listed base metals specialist with nickel, copper and molybdenum assets in British Columbia, Canada, and Queensland, Australia.

About Lions Gate Metals

Lions Gate is a Canadian based, junior resource company focused on the exploration, development, and acquisition of both advanced and early stage mineral projects. The Company owns 100% of three substantial copper and molybdenum projects located in British Columbia. The Company’s flagship project is the Poplar porphyry copper - molybdenum deposit near Houston, BC. The Huckleberry Mine owned by an unrelated third party, and located approximately 35 kilometres southwest of the Poplar Deposit, produces copper and

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molybdenum from a deposit of similar age and setting. LGM also holds a substantial ground position around the Thompson Creek Mines porphyry molybdenum project.

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 world-class 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.

On behalf of the Board KM Schlobohm Company Secretary