DGR GLOBAL LIMITED — Capital/Financing Update 2021

Jan 19, 2021

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DGR Global Limited

ASX Announcement

20 January 2021

Business and Portfolio 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 its interest in London-listed companies SolGold ( LSE / TSX: SOLG ) and IronRidge Resources ( AIM:IRR ).

Shareholders and interested parties are encouraged to read the full releases of each particular company mentioned below. Given the domestic compliance framework and ASX listing rules, DGR is restricted in relation to what level of technical detail can be disclosed by the Company in this announcement. Shareholders are also reminded that updates, photos and articles of relevance for each company are available via Twitter and LinkedIn, and by registering to receive news directly via the electronic mail-out service, available for each company on their respective websites (refer below).

SolGold plc | LSE / TSX: SOLG (9.8% owned by DGR)

Leadership Succession Update

Overnight it was announced that Mr Nicholas Mather has advised the Board of Directors of SolGold that, for personal reasons, he will retire from the role of Chief Executive Officer (“CEO”) after 13 years at the helm of SolGold, effective 31 March 2021. Post this, Independent Non-Executive Director Keith Marshall will act as interim CEO, until a new CEO is hired as a result of an executive search process.

After his retirement as CEO, Mr Mather intends to remain on the Board as Non-Executive Director, and will continue to support SolGold’s ongoing exploration focus in Ecuador, independent financing and strategic corporate initiatives. During Mr Mather’s tenure, SolGold has been on a similar trajectory to several previous corporate successes of Mr Mather’s. In addition to the world class Alpala Project, SolGold has established a broad tenement portfolio in Ecuador potentially capable of delivering multiple world class copper and / or gold discoveries, as demonstrated by the initial drilling results from the Porvenir Project.

SolGold Chair, Mr. Twigger said:

“ Nick Mather has made an incredible contribution to the success and growth of SolGold, having taken the Company from a market capitalization of US$40 million in 2006 to over US$1 billion. The strategy of regional exploration designed by Nick and his exploration team will continue to be pursued and has the potential to deliver a string of major projects for SolGold, its shareholders and Ecuador.

Exploration and discovery is in SolGold’s DNA and we intend to continue that evolution. The succession plan is designed to build SolGold, and there will be no abandonment of the exploration, discovery and marketing processes we have developed over the projects in Ecuador and no change to the open and value adding independent financing strategies for future developments.”

Copies of all of SolGold’s market releases are available on the Company’s website: www.solgold.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 info@dgrglobal.com.au w www.dgrglobal.com.au

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DGR Global currently holds 204,151,800 shares in SolGold with a current market value of approximately A$123 million.

IronRidge Resources Limited | LSE(AIM): IRR (17.59% owned by DGR)

Exceptional Lithium Scoping Study Results, Ghana

Overnight, IronRidge Resources released its Scoping Study on the Ewoyaa Lithium Project (the “Project”) in Ghana, West Africa, which confirms it is an industry-leading asset. DGR shareholders and interested investors are encouraged to view the full announcement via the IronRidge Resources website.

Vincent Mascolo, CEO of IronRidge said:

“Today’s landmark update regarding the Company’s exceptional Scoping Study confirms that the Ewoyaa Lithium Project is an industry-leading asset and transformational for IronRidge.

The Study outlines a robust 2.0Mtpa operation which can deliver excellent cash flows, a very quick payback and a pre-tax NPV of over half a billion U.S. dollars from a modest 8-year operation, producing a coarse, premium DMS concentrate product.

The Project leverages existing infrastructure, including directly adjacent HV power, a major highway within 1km of the site, and the major port of Takoradi less than 2 hours’ drive away.

Few hard-rock lithium projects worldwide can boast the proximity to existing operational infrastructure, lithium grade and a simple DMS-only process route that separates Ewoyaa from its peers.

With the benefit of adjacent infrastructure and without the need to include expensive milling and flotation circuits, the Project benefits from a very low upfront capital expenditure.

Our resource continues to grow, and the upside of the Project is clear; further resource drilling is currently underway and, as such, we expect that the Project metrics will improve beyond the current defined Life of Mine.

Given these fundamentals, we are very excited by the resurgence and exponential growth potential across the lithium supply chain and reaffirm to the market that IronRidge is ideally poised to capture the lithium market going forward.”

Full details of the IronRidge announcements are available on the Company’s website: www.ironridgeresources.com.au.

DGR Global currently holds 73,022,667 shares in IronRidge Resources with a current market value of approximately A$24.5 million.

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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.

This ASX Announcement was authorised by the Board of Directors

Karl Schlobohm

Company Secretary

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

Email: info@dgrglobal.com

Twitter: @DGRGlobal Linkedin: https://www.linkedin.com/company/dgr-global

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, NewPeak Metals and Armour Energy, and unlisted Auburn Resources and Armour Energy Uganda, are expected over the coming years.

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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