DGR GLOBAL LIMITED — Capital/Financing Update 2016

Oct 13, 2016

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DGR Global Limited

14 October 2016

DGR Business Update

The Board of Directors of international resource company creator, DGR Global Limited ( the Company; ASX: DGR ), is pleased to provide the following update with regard to the Company’s interest in its some of its sponsored listed entities.

SolGold plc | LSE(AIM): SOLG – DGR 16.97% ‐ 207.4m Shares

On 10 October 2016, SolGold announced that it had received a proposal from BHP Billiton to acquire 10% interest in the company for US$30 million which implied a share issue price for SolGold of approximately US$0.22.

Also part of the proposal was BHP’s offer to earn‐in to the Cascabel Project by spending US$275Million to acquire a controlling interest of 70% out of SolGold’s 85% interest in Exploraciones Novomining S.A (ENSA) which company currently holds the Cascabel project tenements.

The Board of SolGold (with Scott Caldwell abstaining due to his personal interest and that of Guyana Goldfields Inc. through participation in the US$33 million financing with Maxit and Newcrest), after examination of the BHP proposal and consultation with its legal advisors, determined that the BHP proposal was not in the best interests of SolGold and its shareholders, and was not a superior proposal in comparison to the previously announced US$33 million financing with Maxit and Newcrest for a number of reasons.

The full details of the SolGold announcement can be found here: SolGold Receives Investment Proposal from BHP Billiton

On 13 October 2016, SolGold held an EGM in Brisbane, and shareholder approval was obtained for resolutions associated with SolGold’s capital raising plans as covered in DGR Global’s previous market release of 27 September 2016.

SolGold will now move to settle the US$33 million raising with Newcrest International and Maxit Capital, and move forward with its comprehensive program of field work for the Cascabel Project.

Based on last night’s closing price in London of 18.6 pence, DGR Global’s 207.4 million shares in SolGold are currently worth approximately AUD62 million, providing liquid asset backing of approximately 11 cents per DGR Global share.

DGR Global Limited ACN 052 354 837

street: Level 27, 111 Eagle Street post: GPO Box 5261 Brisbane QLD 4001 p +61 7 3303 0680 f +61 7 3303 0681 e info@dgrglobal.com.au w www.dgrglobal.com.au

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Dark Horse Resources Limited | ASX: DHR – DGR 14.56% ‐ 113.5m Shares

On 3 October 2016, Dark Horse Resources Limited (Dark Horse) announced that it had sold a 4% interest in 96.78% owned NavGas Pty Ltd (NavGas) to ASX‐listed Lakes Oil, and had invested in 40,000 listed LKO Convertible Notes.

NavGas was established by Dark Horse in 2012 as a separate oil and gas focused company, founded on several petroleum license applications made over a prospective province within South Australia. In 2014, NavGas was the successful tenderer for ATP 1183 on the Roma Shelf in Queensland, which lies adjacent and to the south of Armour Energy’s Kincora Project, which it acquired from Origin in late 2015.

Details of the release regarding the initial transaction with Lakes Oil are available here: Dark Horse Invests in Lakes Oil Convertible Notes

On 5 October 2016, Dark Horse announced that, following a period of due diligence, it had executed a formal agreement with the vendors of Oronegro SA (Oronegro). Under the agreement, Dark Horse can acquire 100% of Oronegro and holds exclusive exploration rights for lithium and other strategic minerals throughout the San Luis and Córdoba provinces of Argentina, together with options over two operating mines. The agreement incorporates the matters contained in the MOU previously agreed between the parties and as detailed in Dark Horse’s ASX release of 26 July 2016. Dark Horse also released the results of a first phase of reconnaissance field work and rock chip sampling on selected lithium bearing pegmatites throughout its large portfolio of properties in the San Luis and Córdoba provinces of Argentina.

Details of the release regarding the Oronegro deal and the lithium portfolio are available here: Dark Horse Executes Agreement with Oronegro

On 6 October 2016, Dark Horse announced the signing of a Heads of Agreement with Lakes Oil NL (ASX: LKO) to acquire the remaining shares in NavGas for a total consideration of 9.6 billion shares, placing an effective valuation on NavGas of $10million.

The full details of the release regarding the potential acquisition of NavGas can be found here: Lakes Oil to Acquire 100% of NavGas Pty Ltd

Dark Horse intends to continue to focus its efforts on progressing its coal, power and lithium projects in Argentina.

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On behalf of the Board Karl Schlobohm Company Secretary

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

For further information contact:

Mr Nicholas Mather Karl Schlobohm Pru Maclean Managing Director Company Secretary Investor Relations Ph: 07 3303 0680 Ph: 07 3303 0680 Ph: 07 – 3303 0601

DGR Global Limited ACN 052 354 837

street: Level 27, 111 Eagle Street post: GPO Box 5261 Brisbane QLD 4001

p +61 7 3303 0680 f +61 7 3303 0681 e info@dgrglobal.com.au w www.dgrglobal.com.au

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About DGR Global Limited

DGR Global’s business is the creation of resource exploration development and mining companies.

The business uses the skills of a core team of talented geoscientists to identify resource projects capable of yielding world class discoveries of attractive commodities.

This is achieved through:

• The identification of commodities with a favorable 20 year price outlook.

• Geological terranes with:

  • A demonstrated strong endowment for that commodity;

  • An under‐explored history;

  • Opportunity for the application of recently developed exploration techniques;

  • Jurisdictions with improving socio‐economic and regulatory frameworks;

  • Extensive available tenures.

DGR provides initial seed funding and management support to secure these assets in subsidiaries and develop these assets to more advanced funding stages. The Company has a pipeline of projects in daughter companies at various stages of emergence, and in 2015 crystalised a significant return through the sale of its 15% holding in Orbis Gold for $26million. Further development of its holdings in AIM‐listed SolGold and IronRidge Resources and ASX‐ listed AusTin Mining, Dark Horse Resources and Armour Energy, and unlisted Archer Resources, are expected over the coming years.

DGR Global has commenced an intended program of judicious dividend payments to its shareholders. The future of the dividend program will depend on circumstances from time to time.

The previous resource exploration and funding activities of DGR’s key personnel underscore the opportunities provided by the DGR business model.

DGR Global Limited ACN 052 354 837

street: Level 27, 111 Eagle Street post: GPO Box 5261 Brisbane QLD 4001 p +61 7 3303 0680 f +61 7 3303 0681 e info@dgrglobal.com.au w www.dgrglobal.com.au