DGR GLOBAL LIMITED — Capital/Financing Update 2021

Oct 26, 2021

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DGR Global Limited

27 October 2021

Auburn Resources Limited

Earn‐in and Joint Venture Agreement with Chase Mining Limited

The Board of Directors of DGR Global Limited ( DGR , the Company, ASX:DGR) is pleased to advise that a binding Term Sheet (the Term Sheet ) has been executed between Auburn Resources Limited ( Auburn ), an unlisted public company of which DGR holds approximately 39%, and Chase Mining Limited ( Chase , ASX: CML). Pursuant to the Term Sheet Chase will, in consideration of exploration expenditure of up to $4.5 million provided in four (4) stages, earn up to a 75% interest in Auburn’s Hawkwood Project in Southern Queensland (refer Figure 1 below) ( Earn‐in ).

DGR / Auburn geologists consider that the Hawkwood Project has potential for magmatic Ni‐Cu‐Co‐PGE sulphide mineralisation. In addition, there are indications of Cu‐Mo‐Au targets, and epithermal gold occurrences that warrant additional work. The project area tenement holding consists of 13 granted EPM’s covering approximately 1,680km[2] .

Following on from the initial approach and subsequent due diligence by Chase, Auburn agreed to the Earn‐ in as it provides a strategic opportunity to enable the accelerated exploration and development of the Hawkwood Project by Chase, while Auburn concentrates its exploration and development efforts on its flagship projects at Calgoa and South Nicholson in Qld, and Tanumbirini and Victoria River Downs in the NT.

Key Commercial Terms:

The material terms of the Term Sheet, are as follows:

1. Chase will spend $500,000 over 12 months on an exploration program for the Hawkwood Project ( Stage 1 ). DGR Global, as nominated operator, will undertake the program and be entitled to a management fee of 5% of the amount spent.

2. At the end of Stage 1, Chase may elect to spend a further $2m on exploration over 12 months (following Stage 1) ( Stage 2 ). Upon completing Stage 2, Chase will have earned a 51% interest in the project tenements and associated assets. Chase may, at its election, undertake the program as nominated operator, and be entitled to a management fee of 5% of the amount spent.

3. At the end of Stage 2 Chase may elect to spend a further $2m on exploration over 12 months (following Stage 2) ( Stage 3 ). On completion of Stage 3, Chase will have earned a further 24% interest (for a total of 75% interest) in the project tenements and associated assets. Chase may, at its election, undertake the program as nominated operator and be entitled to a management fee of 5% of the amount spent. On completing Stage 3 and subject to point 4 below, the parties will manage and fund the project in accordance with their respective joint venture interests.

4. Auburn has the right, for a period of 30 days following Chase earning a 75% interest, to sell a further 15% interest to Chase for Chase fully paid ordinary shares with a total value of $2m at an issue price equal to the then 30 day VWAP. If exercised and its interest is reduced to 10%, Auburn is free carried to a decision to mine.

Auburn holds interests in a range of mineral projects in Queensland and the Northern Territory prospective for copper, gold, lead, zinc, cobalt and nickel. Auburn‐owned Ripple Resources holds an extensive lead‐zinc focused exploration position in Northern Queensland and the Northern Territory.

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Commenting on the announcement, Auburn’s Chief Executive Officer, John Bierling said: “The Earn‐in with Chase Mining provides a timely and strategic opportunity for Auburn Resources to accelerate exploration and development of the Hawkwood Project by Chase, while Auburn can focus on the exploration and development of its flagship projects at Calgoa and South Nicholson in Queensland, and Tanumbirini and Victoria River Downs in the Northern Territory.”

The Board of DGR Global will keep the market informed as this transaction progresses.

This Announcement has been authorised by the Board of Directors. Karl Schlobohm

Company Secretary

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

Email: info@dgrglobal.com

Twitter: @DGRGlobal

For further information contact: Mr Nicholas Mather Karl Schlobohm Sarah Schuiringa Managing Director Company Secretary Marketing / PR Ph: 07 3303 0680 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 LSE and TSX‐listed SolGold and AIM‐listed IronRidge Resources, ASX‐listed AusTin Mining, New Peak Metals and Armour Energy, and unlisted Auburn Resources and Armour Energy Uganda, 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

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Figure 1 – Hawkwood Project tenement location in Southern Queensland

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Figure 2 – Auburn’s Project Portfolio by commodity and deposit type in Queensland and the Northern Territory