DGR GLOBAL LIMITED — Capital/Financing Update 2012

Mar 21, 2012

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DGR Global Limited

22 March 2012

Shareholder Correspondence – DGR Priority Offer Armour Energy Capital Raising and ASX Listing

Attached herewith is a generic copy of correspondence dispatched overnight on a personalized basis to parties registered as holding shares in DGR Global Limited on the Record Date of 9 March 2012.

Under the Replacement Prospectus for Armour Energy Limited lodged with ASIC on 20 March 2012, the DGR Priority Offer opens on Wednesday, 28[th] March 2012. No applications for shares in Armour Energy Limited can be made under the Priority Offer before that date.

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On behalf of the board Karl Schlobohm Company Secretary

About DGR Global Limited

DGR Global Limited is focused on generating exploration and development companies in a wide array of minerals.

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

Focused and specialist management is then engaged in the subsidiary, with project specific finance raised in the subsidiary – faster and less dilutive to DGR Global. 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 DGR Global, invest in the resource company generating business which retains a significant carried interest in each project.

DGR Global 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, DGR Global 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 DGR Global 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 DGR Global.

DGR Global currently holds 50 million shares (30.6%) in Mt Isa Metals Limited (ASX: MET) currently exploring for gold in Burkina Faso, 33.2 million shares (11.7%) in Solomon Gold plc (LSE: SOLG) currently exploring for gold and copper in the Solomons and Queensland, 59.8 million shares (41%) in AusNiCo Limited (ASX: ANW) exploring for nickel sulphides, cobalt, gold and silver in south east Queensland, and 27 million shares (29%) in Navaho Gold Limited (ASX: NVG) exploring for Carlin style gold in Nevada (USA) and Queensland.

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DGR Global is currently progressing the corporate development of Archer Resources Limited (focussing on copper‐ gold‐silver porphyry systems) and IronRidge Resources Limited . Capital raisings and stock exchange listings for these companies are in planning for 2012.

DGR Global currently has 324,202,760 shares on issue.

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

For further information contact:

Mr Nicholas Mather Managing Director DGR Global Ltd Ph: 07 3303 0680

Karl Schlobohm Company Secretary, DGR Global Ltd Ph: 07 3303 0661

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21 March 2012

Name & Address

Entitlement Number :

Dear Fellow Shareholder

Re: Armour Energy Limited – Initial Public Offer (IPO)

On behalf of the Board of Directors of DGR Global Limited (DGR) I am pleased to report that the Replacement Prospectus (Prospectus) for the initial public offering of shares in 50% DGR‐owned shale oil and gas subsidiary Armour Energy Limited was lodged with ASIC on Tuesday 20[th] March (Armour Energy Offer).

The Prospectus sets out details for an Initial Public Offering (IPO) of $75 million, via the offer of 150 million new shares at a price of $0.50 each. Each new share subscribed under the Armour Energy Offer will come with a 1:4 free attaching new option in Armour Energy (exercisable at $0.50 each through to 31 August 2014).

DGR believes that the IPO and ASX listing of Armour Energy will, on completion, deliver a significant increase in the asset base of DGR Global. Armour Energy is focusing on the exploration of the MacArthur, South Nicholson and Georgina Basins in the Northern Territory and Queensland, and in the onshore Gippsland Basin in Victoria in joint venture with Lakes Oil, for gas and associated petroleum liquids.

Armour Energy and its project areas combine a number of key features, including:

• Extensive tenure position;

• 100% ownership in NT and QLD;

• Close to existing pipelines and potential port sites;

• Demonstrated preserved mature petroleum systems;

• Liquids rich petroleum systems;

• Potential for major discoveries in conventional and extensive unconventional targets;

• Experienced Board of Directors with extensive coal seam gas experience;

• Highly qualified and experienced management team, including specialists in tight gas and oil exploration, development and production;

• Contracted drill rigs and immediate programs in the Northern Territory and Victoria;

• Fully funded proposed 2 year program with 16 wells planned;

• Relatively low anticipated environmental and social impacts.

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DGR shareholders that were registered as a holder of DGR Global shares on the record date of 9 March 2012 (and are resident in Australia, New Zealand or other foreign jurisdiction in which it is lawful for the Offer to be made) are eligible to participate in a special Priority Offer.

Your Priority Offer application will be required to be made on the personalised Priority Entitlement form, available via the Armour Energy website, after verifying your eligibility by entering your HIN, SRN or Entitlement Number. The timetable and all other details for the Armour Energy Offer are contained in the Prospectus, which is now available on Armour Energy’s website www.armourenergy.com.au Please note that the Priority Offer period will close off earlier than the close of the Issue.

You will not be limited to how many shares you apply for in Armour Energy under the Priority Offer (other than the minimum subscription amount of $2,000 and multiples of $500 thereafter), but payment in full will be required in full by the end of the Priority Offer period via BPay or bank cheque. Due to the structure of the Offer, payments by personal cheque, EFT or any other method, and payments made after the close of the Priority Offer period, will all be rejected by the share registry.

Eligible shareholders should note that the final allocation of shares across the Armour Energy issue is subject to the discretion of the Directors, who will be working in conjunction with the lead managers for the Armour Energy IPO.

In the interim, please feel free to contact the Offer Information Line on 1300 551 378 (domestic callers) or +61 2 8280 7705 (international callers).

Yours sincerely

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Nicholas Mather CEO and Managing Director DGR Global Limited

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