DGR GLOBAL LIMITED

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1 February 2019 Business Update

The Board of Directors of international resource company creator, DGR Global Limited ( the Company; ASX: DGR ), is pleased to provide an update with regard to various recent developments within the Company’s range of sponsored UK‐listed entities.

Interested shareholders are encouraged to read the full releases of each particular company mentioned below, as compliance with the ASX Listing Rules restricts what can be detailed by DGR Global in this announcement. Shareholders are also reminded that updates, photos and articles of relevance for each company are available via Twitter, and by registering to receive news directly via our electronic mail‐out service, available for each company on their respective websites (refer below).

SolGold plc | LSE / TSX: SOLG (11% owned by DGR)

On 3 January 2019, SolGold announced a revised Mineral Resources Estimate for the Cascabel copper‐gold porphyry project in Northern Ecuador. Full details of the release are available on SolGold’s website. SolGold continues to movie towards the formalisation and publication of its Preliminary Economic Assessment of the project.

Overnight in London, SolGold announced its intention to make a scrip‐based takeover offer for TSX‐listed Cornerstone Capital Resources Inc (“Cornerstone”). Cornerstone owns the remaining 15% of ENSA, which in turn owns the Cascabel copper‐gold porphyry project in northern Ecuador. If the Offer is made and successfully completed by SolGold, holders of Cornerstone Shares who tender their shares under the Offer will receive 0.55 of a SolGold Share in exchange for every Cornerstone Share tendered.

Nicholas Mather, Chief Executive Officer of SolGold, stated: “We are pleased to have reached the point where we feel that an offer to combine SolGold and Cornerstone makes sense for Cornerstone shareholders. The combined entity will have tremendous economic upside, further de‐risk the ownership structure and present a simplified and highly attractive value proposition for investors. We encourage Cornerstone shareholders to closely consider these factors and we are confident that once they do, they will recognize the potential this proposal holds and tender to our offer.”

SolGold stated that it believes the terms of the proposed offer are highly attractive for Cornerstone shareholders and reflect fair value for the Cornerstone Shares in the sense that Cornerstone shareholders can receive SolGold Shares in exchange for their Cornerstone Shares and thus (i) retain investment exposure to the Cascabel project in Ecuador’s Andean copper belt through the ownership of SolGold Shares, and (ii) gain upside exposure to SolGold’s portfolio of exploration projects in Ecuador, the largest in the country by land area and boasting the country’s most active exploration programs.

Details of the proposed offer are outlined in SolGold’s market release dated 31 January 2019.

Copies of all of this, and all of SolGold’s market releases are available on the Company’s website (www.solgold.com.au).

The current value of DGR Global’s investment in SolGold is approximately $133 million.

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 [email protected] w www.dgrglobal.com.au

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IronRidge Resources Limited | LSE(AIM): IRR (22% owned by DGR)

Overnight in London, IronRidge provided a market update of its activities at its Cape Coast Lithium portfolio in Ghana, West Africa. The released noted that:

4,684m Reverse Circulation (‘RC’) exploration and resource drilling has beeb completed at the Abonko target and Ewoyaa Lithium Project (“Ewoyaa”) with coarse visible spodumene intersections returned at Abonko with assays pending;
1,000m Diamond Drilling (‘DD’) programme underway for density, metallurgical test‐work sampling, geotechnical and RC drill hole twinning for resource estimation sign‐off at Ewoyaa;
Visible spodumene in the diamond drill core, providing confidence spodumene is the dominant lithium phase. Simple process flow sheet envisioned;
Multiple high‐priority targets defined in the high‐resolution helicopter magnetics and radiometrics geophysical survey completed over the Saltpond and Mankessim licenses;
Drone survey completed over Ewoyaa and Abonko targets for detailed digital terrain model (‘DTM’) to use in resource estimation and project studies;
Ongoing pitting continues to define additional pegmatite targets adjacent to the Ewoyaa deposit; larger pitting and auger programme planned.

Commenting on the Company’s latest progress, Vincent Mascolo, CEO & Managing Director of IronRidge, said:

“We are pleased with the progress of field activities at the Cape Coast Lithium portfolio.

We are advancing on multiple fronts including exploration and resource drilling, implementing metallurgical sampling and test‐work programmes, and advancing our regional exploration programmes.

Coarse visible spodumene has been intersected in multiple RC drill holes at the Abonko target, whilst infill and extensional drilling at Ewoyaa continues to confirm spodumene mineralised pegmatites with assays pending.

Visual confirmation of crowded spodumene in metallurgical diamond drilling currently underway at Ewoyaa provides confidence that spodumene is our dominant lithium phase, and at depth.

Review of the combined lithium LIBS geochemistry and recently acquired airborne geophysics has defined multiple high‐priority pegmatite targets.

“The drone survey completed over the Ewoyaa and Abonko targets areas will provide a detailed DTM necessary for resource estimation and project Studies.”

Full details of this, and all other IronRidge announcements, are available on the Company’s website: www.ironridgeresources.com.au.

The current value of DGR Global’s investment in IronRidge is approximately $28 million.

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 [email protected] w www.dgrglobal.com.au

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Coarse grained visible spodumene in metallurgical drill core at IRR’s Ewoyaa Project

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 [email protected] w www.dgrglobal.com.au

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The Board of DGR Global will continue to update the market in relation to material developments within its portfolio of sponsored companies and subsidiaries.

On behalf of the Board Karl Schlobohm Company Secretary

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

Email: [email protected]

Twitter: @DGRGlobal

For further information contact:

Mr Nicholas Mather Karl Schlobohm Managing Director Company Secretary Ph: 07 3303 0680 Ph: 07 3303 0680

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 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 Auburn Resources, are expected over the coming years.

Get regular news from DGR Global on social media

As a valued shareholder, you can now stay up to date of forces influencing the value of your investment in DGR Global by following us on Twitter. We regularly post information about the operations of us and the DGR companies as well as what is happening in our sectors around Australia and around the world ‐ with links to documents in the media, brokers, and other authoritative sources so you can stay up to date. As well, our posts on Twitter will alert you to our latest ASX announcements. Join the hundreds who follow us on Twitter @DGRGlobal . We've also added to our website a corporate newsroom with monthly news flow concerning DGR and the DGR sponsored companies. Located under News Bank in the investor section of the DGR website: www.dgrglobal.com.au

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 [email protected] w www.dgrglobal.com.au

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DGR GLOBAL LIMITED Capital/Financing Update 2019

64771_rns_2019-01-31_85d5710b-9c34-4909-8317-35afb8366cfe.pdf