DGR GLOBAL LIMITED — Capital/Financing Update 2016

Sep 26, 2016

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DGR Global Limited

27 September 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 sponsored listed entities.

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

On 30 August 2016, SolGold advised that it had executed a Share Subscription Agreement with Newcrest International (Newcrest) in relation to a proposed subscription to SolGold shares equal to 10% of the issued capital in SolGold (after the subscription) at a price of US8 cents per share, subject to approval by SolGold shareholders. The Board of SolGold recommended at the time that shareholders approve the issue if shares to Newcrest, subject always to no competing proposal being received and recommended by the SolGold Board.

On Thursday 22 September 2016, SolGold announced in London that it had received a proposal from Maxit Capital LP (Maxit) offering to arrange a cash investment into SolGold at a price of US16 cents per share, representing a 100% premium to the last capital raising (Competing Proposal). The raising was proposed to be for USD20 million. Alternatively, under the terms of the Competing Proposal received, Maxit advised that Newcrest may participate in the further raising by advising their participation to the extent of subscribing to 10% of the expanded issued capital of SolGold (or 142,896,661 shares) also at US16 cents for USD22.863m. Maxit and its clients would in that case subscribe for USD10.137m at US16 cents per share, resulting in a total raising of USD33m for approximately 14.4% of SolGold.

On Monday 26 September 2016, SolGold further announced in London that following receipt of the Competing Proposal, agreement has now been reached with:

• Maxit and its clients to subscribe to 63,353,338 shares at US16 cents per share for USD10.137m (Maxit Placement Shares) representing 4.43% of SolGold; and

• Newcrest to subscribe to 142,896,661 shares also at US16 cents for USD22.863m (Newcrest Investment) equal to 10% of the issued capital of SolGold (after the Newcrest Placement Shares and the Maxit Placement Shares), replacing the Previous Newcrest Subscription Proposal at US8 cents per share.

Subsequent to SolGold shareholder approval, the combined share issues will raise a total of USD33m for SolGold resulting in a cash balance of approximately USD48m, more than sufficient than required for the next year of exploration and drilling activity at Cascabel, SolGold's 85% owned Tier 1 copper gold porphyry discovery in Northern Ecuador.

Based on last night’s closing price in London of 15.6 pence, DGR Global’s 207.4 million shares in SolGold are currently worth approximately AUD55 million, providing liquid asset backing of approximately 10 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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IronRidge Resources Ltd | LSE: IRR – DGR 26.33% ‐ 62.3m Shares

On 6 and 13 September 2016, IronRidge announced in London the acquisition of two advanced lithium projects; one in Ghana and the other in Cote d’Ivoire, both of which IronRidge can earn and acquire up to 100% of the projects through staged earn‐in arrangements and expenditure to Feasibility Study within a 4‐year period, subject to a residual Net Smelter Royalty.

On 21 September 2016, IronRidge announced in London confirmation that it was proceeding with the proposed investment into Tekton Minerals Pte Ltd, providing IronRidge with access to exclusive rights to an extensive existing tenure package and associated major new gold discovery in Chad, Central Africa. IronRidge currently holds a 6% equity interest in Tekton Minerals, and at completion of the investment of US$3.5m, IronRidge will have earned a 60% equity stake in Tekton Minerals. IronRidge also has the right to accelerate its investment.

On 22 September 2016, IronRidge announced in London that it had commenced drilling at its May Queen gold prospect in Queensland. The initial drilling program will entail 10 RC holes for a total of 500m. A further exploration and drilling program will be designed following receipt of assay results.

Aus Tin Mining Limited | ASX: ANW – DGR 21.77% ‐ 328m Shares

On 6 September 2016, Aus Tin Mining announced the successful private placement of 68,181,818 shares at 1.1 cents each to raise a total of $750,000. The Company also announced a 1:10 entitlement issue to existing holders (launched on 21 September 2016) to raise up to $1,657,658 at a price of 1.1 cents per share.

The entitlement offer has been underwritten to the extent of 50% by DGR Global, with the subscriptions of various parties to be taken in relief of the underwriting commitment. DGR Global is currently owed approximately $430,000 by Aus Tin Mining, and any resultant net underwriting commitment is expected to be absored via the full or partial conversion of this loan in the entitlement issue. Fiscus Capital Pty Ltd has been appointed by Aus Tin Mining to place any shortfall shares.

Funds raised from these initiatives are to be used by Aus Tin Mining to progress the continued development of its Granville and Taronga Tin Projects, carry‐out work across the Company’s exploration portfolio, provide working capital and pay the costs of the Offer. The Company’s Granville Tin Project in Tasmania is currently in production, with the resultant tin concentrate being sold to Traxys under an offtake agreement.

Armour Energy Limited | ASX: AJQ – DGR 23.25% ‐ 75m Shares

On 2 September 2016, Amour Energy Limited (Armour) announced that settlement has now been completed on the last of the tenements (exploration licence ATP647) of its Kincora Project as acquired from Origin under agreements entered into in September 2015.

Armour is now on title for all 17 production licences, 3 exploration licences and 4 pipeline licences. The tenement area covers over 3000km[2] of prospective acreage, and includes infrastructure connecting directly into the major gas hub on the east coast at Wallumbilla, Queensland. The overall replacement value of the Kincora infrastructure is estimated at more than $250 million. This infrastructure includes the 100% owned Newstead gas storage facility.

On 23 September 2016, Armour announced that its initial shipment of crude oil production had been despatched. It was collected by crude oil road tanker (approx. 53,000 litres or 333 bbls) at Armour's Emu Apple oil field near Roma in South West Queensland.

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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Armour started oil production on 17 August, and the field is currently producing at a steady rate of 42 barrels per day. Operating cost per barrel of oil, including transportation cost to the refinery, is $21.50 per barrel.

Armour is continuing to work towards restarting gas production through its Kincora gas facility in the coming months.

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

On 14 September 2016, Dark Horse Resources (Dark Horse) announced that it had finalised arrangements with a small number of professional and sophisticated investors to raise a total of $330,500 by way of a limited private placement of 41,312,500 shares at a price of $0.008 per share.

On 16 September 2016, Dark Horse updated the market with regard to its Argentinean coal projects, against the backdrop of increasing demand for thermal and coking coals. The Company’s Marayes Project, located in San Juan Province, is a good quality thermal coal being developed to supply coal to identified industries in the region (market surveys have already been completed). The larger Pico Quemado Project is located in Rio Negro Province and is being explored and developed in conjunction with a proposed 1000MW, on site, state of the art power station. However, Pico Quemado coal is also known to have coking properties, and was tested successfully as a blend with imported coking coal at Argentina's steel plant at Rosario in the 1960's. Sampling and analyses of outcropping coal in November 2013 by Dark Horse’s subsidiary Excarb Pty Ltd returned a swelling index of 5.0, which is very encouraging in regard to further favourable coking characteristics.

On 19 September 2016, Dark Horse advised that it had essentially lost a legal dispute over an option agreement on its Carlin East gold project in Nevada, USA. Dark Horse decided against appealing the decision, and wrote‐off the carrying value of the Carlin East asset from its balance sheet in its 30 June 2016 financial statements.

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 Managing Director Ph: 07 3303 0680

Karl Schlobohm Company Secretary Ph: 07 3303 0680

Pru Maclean Investor Relations Ph: 07 – 3303 0635

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 has recently 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