DGR GLOBAL LIMITED — Capital/Financing Update 2013

Jul 21, 2013

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DGR Global Limited

22 July 2013

Market Update of Global Resource Industry Interests

The Board of Directors of DGR Global Limited (ASX:DGR) is pleased to report the continued development of its wider global resource industry interests with the following recent developments. DGR Global is represented on the board of each of these investment interests and has provided varying degrees of corporate and technical support contributing to their initial and on‐going development.

In addition there are a number of unlisted subsidiaries in the DGR Global group which promote the opportunity for further world class discoveries. The most advanced example of which is IronRidge Resources, which holds prospective tenements in Queensland, as well as several prospective iron ore projects in Gabon; the first major tenement area being close to the giant Belinga Railway project, and a second site at Tchibanga, which is only 60km east of the Gabonese port of Mayumba.

It is important to note that DGR Global is not merely the collection of a series of investment assets. The DGR Global business model is focused on the repeatable process of generating commodity‐focused resource exploration companies and developing them from their early exploration stages through to independently financed, listed and managed companies. Projects are generated directly through the skills and experience of DGR Global’s team of exploration geoscientists, not by the costly purchase of properties. It is important to note that the timeframe from value creation to value realization within the resource industry is sometimes variable and unpredictable. However, the project generation process championed by DGR Global is typically a cheaper route to ultimate value realization than the acquisition of projects on the open market.

Orbis Gold Limited (DGR: 39 million shares: 18%)

• Continuing high grade drill assay results confirm a “company making” gold discovery at the Natougou prospect in the Boungou Project Area in east Burkina Faso. Drilling to date covers 1.07km[2] with an average gold intersection depth of 59m. This high grade flat‐lying, near‐surface mineralisation presents an opportunity for large scale open pit mining. Snowden Mining Consultants have been appointed to undertake resource modelling, and a JORC compliant maiden resource is expected to be announced within coming weeks. Orbis Gold has appointed Lycopodium to undertake a Scoping Study on development of the Natougou deposit, and this is expected to be completed by late September this year.

• New gold mineralised structures have been discovered at the Tankoro and Bantou prospects within the Dynikongolo Project Area in south west Burkina Faso. At Bantou, the main lode and hanging wall structures have now returned high grade assay results from over 700m strike and 160m depth, with the deposit open in both directions.

• Recent drill assay results have also continued to add ounces at the high grade Nabanga gold project in south east Burkina Faso. Nabanga has a maiden inferred resource of 3.2 Mt @ 6.5 g/t gold for 660,000 oz contained gold.

• Full details are contained within the Orbis Gold market releases of 17 June and 5, 8, and 16 July 2013 or by reviewing same at www.orbisgold.com.au

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Armour Energy Limited (DGR: 75 million shares: 25%)

• Egilabria 2 vertical well in Queensland successfully drilled to 1900 metres, with numerous gas shows and gas flares detected over a range of approximately 800 metres (refer Table 1 below). The prospective Lawn Shale sequence 137 metres thick, 12 metres thicker than the 125 metres expected;

• Egilabria 2 DW1 lateral well successfully kicked off the vertical well on 18 July 2013;

• Mr Robbert de Weijer appointed as Armour CEO with effect from 8 July 2013;

• Heads of Agreement signed with APA Group for Gas Transportation Services on 26 June 2013;

• Full details of these highlights are available in the Armour Energy (ASX:AJQ) market releases of 21, 25, 26 June and 1, 2, 4, 5, 11 and 18 July 2013 or by reviewing same at www.armourenergy.com.au

Date	Time (hrs)	Hole Depth (m)	Formation	Gas Peak (units)	Chromatagraph Hydrocarbon Breakdown (ppm)	Flare Length (m)	Flared Duration (sec)	Operation at Flare
28/06/2013	1400	1098	Doomagee Supersequence	1404	C1‐204299, C2‐1752, C3‐1708, He‐1265, CO2‐986	7‐8m	~120	Drilling ahead
28/06/2013	1500	1098	Doomagee Supersequence	1417	C1‐226164, C2‐1524, C3‐1468, He‐1420, CO2‐1174	7‐8m	~120	Open BOP after shut In
1/07/2013	2240	1519	Wide Supersequence	1099	C1‐189019, C2‐2171, C3‐2130, He‐1087, CO2‐905	Not reported		Drilling ahead
3/07/2013	520	1519	Wide Supersequence	4000	C1‐248404, C2‐2608, C3‐2549, He‐1465, CO2‐374	‐		Unloading well
4/07/2013	800	1791	Lawn Hill Shale	1100	C1‐202253, C2‐1357, C3‐1312, He‐1238, CO2‐6410	‐		Inflow test
4/07/2013	1500	1791	Lawn Hill Shale	1013	C1‐143018, C2‐1019, C3‐984, He‐ 898, CO2‐1638	‐		Unloading well
5/07/2013	420	1830	Base Lawn Hill Supersequence	4062	C1‐322731, C2‐2512, C3‐2422, He‐2008, CO2‐5335	‐		Inflow test
6/07/2013	1846	1830	Base Lawn Hill Supersequence	3901	C1‐324973, C2‐1404, C3‐1335,He 2381,CO2‐808	‐ 5‐6m	~360	RIH 1156 unloading well
6/07/2013	1932	1830	Base Lawn Hill Supersequence	3150	C1‐Undetermined,C2‐2772,C3‐ 2564,He‐4651,CO2‐9947	4‐5m	~35	RIH 1252 unloading well
6/07/2013	2240	1830	Base Lawn Hill Supersequence	2501	C1‐196486, C2‐953, C3‐910,He‐ 1359,CO2‐655	5‐6m	~45	RIH 1676 unloading well
6/07/2013	2345	1830	Base Lawn Hill Supersequence	4166	C1‐Undetermined, C2‐4745, C3‐ 4169, He‐5984 , CO2‐4607	6‐8m	~180	RIH 1810 unloading well
7/07/2013	520	1870	Base Lawn Hill Supersequence	2667	C1‐204993, C2‐1309, C3‐1265, He‐1136, CO2‐5111	6m	~300	Circulate after changing rubber

Table 1 – Gas Flares Encountered while Drilling Egilabria 2 Vertical Well

AusNiCo Limited (DGR: 60m shares: 14%)

• Results from initial metallurgical test work completed at ALS Burnie include copper and silver flotation recoveries to concentrate of up to 68.2% and 51.2% respectively. Results provide a platform to determine enhanced economics attributable to copper and silver by‐product credits;

• Grant of Jump Up Dam tenement in Western Australia, prospective for nickel sulphides, gold and graphite;

• Full details of these highlights are available in the AusNiCo (ASX:ANW) market releases of 20 May and 16 July 2013 or by reviewing same at www.ausnico.com.au

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Navaho Gold Limited (DGR: 57 million shares: 28%)

• Independent third party DeGolyer and MacNaughton estimates 4.2 TCF of Gross Mean Prospective Resources in the Tindelpina shale within the NavGas project area in South Australia;

• Successfully applied for an additional petroleum application which is contiguous to its 5 existing PELA’s, taking the NavGas project area to over 13 million acres. The project area compares favourably against other early stage shale gas projects in Australia, and is well located to gas transport infrastructure and markets;

• Full details of these highlights are available in the Navaho Gold (ASX:NVG) market release of 17 June 2013 or by reviewing same at www.navahogold.com

Solgold Plc (DGR: 54 million shares: 10%)

• In relation to its Cascabel Copper‐Gold Prophyry Project in Ecuador: the receipt of the latest surface channel sample assay results at Alpala Prospect confirms vertical copper gold zonation, the Ministry of Environment is progressing through the final stages of the Environmental Permit, mobilisation of drilling equipment and associated supplies is underway to support the Stage 1 drill program, and 3D modelling of 4 other targets at Cascabel is in preparation;

• In the Solomon Islands: SolGold successfully renewed its Kuma prospecting licence, the Guadalcanal Joint Venture with Newmont has been formally terminated, and SolGold acquired Guadalcanal Exploration Pty Ltd containing the Big Frog porphyry Cu‐Au prospect.

• Mr Alan Martin was appointed as SolGold CEO with effect from 10 May 2013. Mr Martin brings to SolGold more than 20 years of technical, commercial and financial investment experience in the Australian resources industry. He has a strong passion for exploration and considerable financial experience which the board believes is a key ingredient for junior exploration companies.

• Full details of these highlights are available in the SolGold (AIM:SOLG) market releases of 10 May, 13 June, and 8 and 18 July 2013 or by reviewing same at www.solgold.com.au

DGR Non‐Renounceable Rights Issue Extended

Shareholders of DGR Global are reminded that the closing date for its fully‐underwritten, Non‐Renounceable Rights Issue has been extended to 29 July 2013. The Rights Issue is available for participation on the basis of 1 New Share at an issue price of $0.025 each for every 5 Shares held by eligible shareholders (on the record date of 2 July 2013) to raise gross proceeds of approximately $1,655,300.

The timetable for the closing and completion of the Rights Issue is now as follows:

New Date	Event(s)
29 July 2013	Issue Closes
1 August 2013	Notify ASX of under subscriptions
6 August 2013	Issue date
7 August 2013	Normal trading resumes

The Rights Issue is underwritten by Mather Investments (Qld) Pty Limited (ACN 156 050 752) ( Underwriter ), an entity associated with Mr Nicholas Mather, the Managing Director of DGR. The Underwriters obligations will not arise until after the exhaustion of the Shortfall Facility. Full details of the underwriting arrangements and the potential impact on the Company are outlined in the Offer Booklet published on 24 June and dispatched to shareholders on 8 July 2013.

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Figure 1 ‐ Flare from gas encountered at 1519 metres in the Egilabria 2 well drilled by Armour Energy.

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On behalf of the board Karl Schlobohm Company Secretary

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 Capital Pty Ltd which provides certain consultancy services including the provision of Mr Mather as the Managing Director of DGR Global Ltd (and a director of DGR Global Ltd’s subsidiaries and associates).

Mr Mather has more than five years experience which is relevant to the style of mineralization and type of deposit being reported and to the activity which he is undertaking to qualify as a Competent Person for the purposes of the Listing Rules. 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.

Navaho Gold (NavGas) ‐ DeGolyer and MacNaughton is qualified in accordance with the requirements of ASX Listing Rule 5.11 and has consented to the use of the DeGolyer and MacNaughton resource figures in the form and context in which they appear in this announcement. The Navaho Gold release of 17 June 2013 should be read in full.

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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. These efforts are now being dedicated to DGR Global.

DGR Global currently holds 75 million shares (25%) in Armour Energy Limited (ASX: AJQ) currently focused on the discovery and development of world class gas resources in northern Australia, 39 million shares (18%) in Orbis Gold Limited (ASX: OBS) currently exploring for gold in Burkina Faso, 46 million shares (10.9%) in SolGold plc (LSE: SOLG) currently exploring for gold and copper in the Solomons, Ecuador and Queensland, 59.8 million shares (14%) in AusNiCo Limited (ASX: ANW) exploring for nickel sulphides, cobalt, gold and silver in Queensland and Tasmania, and 57 million shares (28%) in Navaho Gold Limited (ASX: NVG) exploring for Carlin style gold in Nevada and New Mexico (USA) and Queensland.

DGR Global is currently progressing the corporate development of Archer Resources Limited and IronRidge Resources Limited.

DGR Global currently has 331,059,886 shares on issue.

Email: info@dgrglobal.com

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 0680

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