DGR GLOBAL LIMITED — Interim / Quarterly Report 2008

Oct 30, 2008

A C T I V I T I E S R E P O R T F O R T H E S E P T E M B E R 2 0 0 8 Q U A R T E R

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HIGHLIGHTS

Iron Oxide Copper Gold ‐ Mt Isa Metals

Successful $7M IPO and ASX listing in August of Mt Isa Metals Ltd (MET) which is targeting giant “Olympic Dam” styled copper‐gold‐uranium deposits in North Queensland.

Nickel ‐ AusNiCo

Significant intersection of high grade Cobalt‐Nickel at AusNiCo Ltd’s Mt Cobalt Prospect: 18m from surface grading 0.37% Cobalt, 0.5% Nickel, with 0.26 g/t Gold

Further long nickel intersections at Mt Cobalt extends prospective area to north

Molybdenum ‐ Anduramba

Stable molybdenum price and lower $A exchange rate enhance the Anduramba Molybdenum Project economics. Pre‐Feasibility study demonstrates viability.

Iron Ore/Uranium ‐ Ridge Exploration and Eastern Uranium

Ridge Exploration and Eastern Uranium tenements iron ore investigation identifies > 40% iron, low phosphorous prospects.

Gold ‐ Central Minerals

Drilling at Crunchie Prospect in Rannes Gold Project returned large gold‐silver intersections of sediment‐ hosted style. Discovery of a significant gold‐silver province

INTRODUCTION

During the quarter the Company oversaw the successful $7.0M IPO oversubscribed and the ASX listing of Mt Isa Metals Limited (ASX Code: MET) in August during difficult market conditions. D’Aguilar retains a 48% interest in MET. This achievement exemplifies the successes which D’Aguilar believes will be forthcoming in respect of its other subsidiaries. The corporate structure of D’Aguilar Gold Limited presently is shown in Figure 1.

Exploration projects were advanced strongly in all subsidiaries during the quarter, with a drilling program completed at Mt Cobalt (AusNiCo), Clermont (Central Minerals) and in progress at Rannes (Central Minerals). A pre‐feasibility study was completed for Anduramba Molybdenum Project. The locations of D’Aguilar’s projects are shown in Figure 2 and Mt Isa Metals’ projects are shown in Figure 3.

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Figure 1

D’Aguilar Gold corporate structure

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Figure 2 D'Aguilar Gold Limited and subsidiary project locations in South‐East Queensland

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Table 1

Pre‐Feasibility Results for Anduramba Molybdenum

Anduramba Molybdenum Project, located 150 km west of Brisbane, Queensland is the most advanced project in the D’Aguilar Group. On 28 October the company released an update to the ASX confirming that the project contains a JORC compliant resource of 21 Mt Indicated and 10.6 Mt Inferred Resources averaging 0.06% Mo Equiv (see footnote 1).

The recently completed pre‐feasibility study review and proposed project schedule (summarised in Tables 1 & 2) indicate an 11 year, 2 ‐3 million tpa molybdenum sulphide mine delivering a 2.5 year payback of A$86M Capital cost and an NPV of A$235M with an IRR of 48.5% based on a molybdenum price of US$30 per lb and a 0.65 US$ to A$ exchange rate.

The Definitive Feasibility Study (DFS) is scheduled to commence in late November 2008, and a Mining Lease application is in preparation.

Operating Cost	A$14.70/ tonne of ore
Capital Cost	A$86 M
Payback	30 months (from 1stCashflow)
Mine Life	11 years (from 1stproduction)
Average EBITDA	A$60 M pa
NPV (pre tax/ post finance)	A$235 M at 10% discount rate
IRR (pre tax/ post finance)	48.50%
Cumulative Operating Surplus	A$558 M
Average Annual Production:
Molybdenum (Mo)	2.1 M lbs
Copper (Cu)	0.67 M lbs
Silver (Ag)	0.3 M oz
Sand	Up to 1.33 M tonnes p.a.

Table 2: Anduramba Molybdenum Project

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D’Aguilar shareholders registered on 17 June had an entitlement to a priority allocation of 30% of the new shares issued in the Initial Public Offering (IPO) of Mt Isa Metals Limited. This reservation totalled 10.5 million shares ($2.1 M) of the 35 million shares offered at 20 cents per share. Mt Isa Metals’ major project (of eight outlined in the prospectus) is the Gregory Project which has the potential to host giant iron oxide copper‐gold‐uranium deposits concealed beneath younger sedimentary rocks similar to Olympic Dam, in an area north of and along strike of the major Mt Isa‐Gunpowder fault system that hosts some of the region’s largest mines, including Mt Isa Copper and Mt Isa‐Hilton‐George Fisher lead‐zinc mines.

In addition, Mt Isa Metals has a number of targets prospective for copper, zinc, uranium and gold in the

broader Mt Isa region. The company also has an Exploration Permit over a potentially significant phosphate project at D‐Tree West and a Heads of Agreement for a joint venture with Legend International Holdings of the USA for the phosphate project was announced on 28 October (see www.mtisametals.com.au for more details).

Mt Isa Metals Limited (ASX Code: MET) was admitted to listing on the ASX during August and has recently appointed an Exploration Manager. A comprehensive geophysical exploration program is already well underway over the Gregory Project area. D’Aguilar Gold Limited has retained a substantial 48% holding in MET.

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Figure 3:

Mt Isa Metals Limited Project Locations in North‐West and Central QLD (D’Aguilar 48%)

A six hole drilling program at Mt Cobalt during the quarter produced further encouraging assays. The first hole, COB 12, returned exceptional cobalt grades over the first 18 metres averaging 0.37% Cobalt, 0.5% Nickel, 0.26 g/t Gold and 750 ppm Copper. Hole COB 12 indicates potential for a significant cobalt and nickel discovery. Mt Cobalt has been mined for cobalt at various times since the late 19[th] century and historical grades up to 5.8% cobalt have been reported (ref: Queensland Government Mining Journal, April 20, 1944, p96‐97).

Significant nickel values were intersected in all six Mt Cobalt holes as shown in Table 3. The drilling has confirmed that the large Mt Cobalt nickel and cobalt deposit remains open to the north at hole COB 15 which intersected 82m @ 0.58% Ni and 0.015% Co from surface and dips northwards towards a magnetic high anomaly. This magnetic feature appears to underlie the historic Mount Clara copper mines. The Mt Cobalt deposit extends approximately 100 metres thick from surface and a zone 300m long and up to 200m wide (See Figures 4 and 5).

in zones that contain larger volumes of quartz‐rich veins and breccias – rock types which are barren of nickel and may possibly be removed by simple coarse‐screening. Cobalt grades are normally about 160 ppm (0.016% Co) within the nickel intersections, therefore the high grade cobalt zone (0.37% Co) intersected in hole COB 12 is considered to be significant.

The Mt Cobalt nickel deposit occurs 1.5 kilometres north of AusNiCo’s Pembroke nickel sulphide discovery announced on 16 June 2008 where hole PEM 02 intersected 4m averaging 1.1% Ni and 0.05% Co within a 50m wide intersection of nickel sulphides averaging 0.34% Ni (see Table 4). AusNiCo geologists believe there is also potential for a major nickel sulphide discovery at depth at Mt Cobalt and in association with the magnetic anomaly under Mt Clara 400m to the north.

AusNiCo is preparing for an IPO and ASX listing early in 2009. Funds raised will be used to continue drill definition of the sulphide and oxide nickel zones at Black Snake and Mt Cobalt, sufficient for resource estimations and economic assessment.

The grades are relatively constant with lower nickel values

Table 3:

Assay Results from Mt Cobalt Drilling June‐July 2008

	Drill hole			Bear	Dip	Hole Depth	From	To
		Easting	Northing	‐ing	Degrees	(metres)	(metres)		Intersection Assay
	COB12	427660E	7102393N	‐	90	95	0	18	18m @ 0.5% Nickel, 0.37% Cobalt
	COB13	427666E	7102366N	‐	90	100	0	6	6m @ 0.49% Nickel, 155 ppm Cobalt
	COB14	427603E	7102359N	‐	90	100	22	38	16m @ 0.48% Nickel, 160 ppm Cobalt
	COB15	427639E	7102500N	‐	90	100	0	82	82m @ 058% Nickel 150 ppm Cobalt
									. ,
	COB16	427652E	7102438N	‐	90	71	0	66	66m @ 0.42 % Nickel, 175 ppm Cobalt

Table 4:

Drill Results from Pembroke Prospect at Black Snake, Southeast Queensland

							From	To	Length*	Intersection Assay
				Bi	Di	Hole				C C Gld
	Drillhole	Easting	Northing	earng Degrees	p Degrees	Depth (metres)				opper (u), o (Au), Nickel (Ni), Cobalt(Co)
							(metres)	(metres)	(metres)
	PEM2	427467	7101096	340	60	82
	Copper‐Gold Zone above the nickel:						8	28	20	0.48%Cu 1.5g/t Au
	Nickel Sulphide Zone to end of hole:						32	82m	50	0.34%Ni
	Including ore grade nickel zone:						58	62	4	1.1%Ni, 525ppm Co & 0.1 g/t Au

• True widths are believed to be about 75% of the intercept width. Ni = nickel Co = cobalt Cu = copper Au = gold

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Soil geochemistry on airphoto Airmagnetics
Discovery
Pembroke
High
Shamrock Mill Low
1 km
Figure 4: AusNiCo’s prospects at Black Snake Plateau and Mt Cobalt‐Mt Clara
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SSE NNW
500m Elevation
COB 12 COB 5 COB 16 COB 4
COB 13 COB 15 MT CLARA
18m @ 0.5% Ni COPPER MINE
6m @ & 0.37% Co
0.49% Ni
28m @
0.5% Ni 66m @
0.42% Ni 78m @0.55% Ni 82m @
0.58% Ni
Soils are all > 3000ppm Nickel
OXIDISED
NICKEL-COBALT
400m
(COPPER GOLD) ZONE
Altered peridotite ? Epithermal veins and
(serpentinite) breccias in altered peridotite
(serpentinite)
?
?
?
? ?
?
?
300m MAGNETIC HIGH
MT COBALT
Top of a major magnetic body.
LONGITUDINAL SECTION
Nickel Sulphide Target?
LOOKING WSW
100 m
7102500N
Figure 5: Mt Cobalt Nickel Cross Section
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Base of 0.4% Ni bulked grade
Steep terrain
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Tight availability of suitable drillrigs delayed drilling at the major Rannes Gold Project in Central Queensland (see Figure 6) but 30 holes for 3590 metres have been drilled since mid 2008. Results from the first eight (8) holes drilled at the Crunchie Prospect (see Figure 7) were announced to the ASX on 28 October. These initial results continue to confirm the potential to host an extensive province of gold and silver mineralisation on the Rannes Project over a strike length of 160km on the eastern side of the Bowen Basin in Central Queensland. Mineralisation is interpreted to lie in the basal Bowen Basin sediments and volcanics, geologically younger than the Cracow Mine mineralisation which hosts in excess of 2 million ounces in resources and historically mined gold, some 120km to the south.

Trace and associated element geochemistry at Rannes is similar to the geochemical suite at the world famous Carlin trend in Nevada USA. Furthermore, the structural and other geologic characteristics confirm the similarity with the Carlin style mineralisation.

breccia zones that dip gently within favourable calcareous sedimentary and tuff (volcanic ash) horizons. This means that most of the mineralisation is probably concealed beneath barren cap‐rocks – a similar setting to that at Carlin.

At Crunchie, the envelope of pyrite and host rock alteration trends north‐westerly for an unclosed 400m and is approximately 200m wide. Holes 29 and 30 at the north westerly extremity both encountered 70m thicknesses of pyrite host rocks underlying 35m of barren rock. Although assays for these holes have not yet been received, these holes demonstrate that the mineral system remains open to the north west. The implication of these dimensions is that the mineralisation at Crunchie is part of a much larger, shallowly buried system with very high potential for the discovery of a major gold and silver deposit.

A plan of the Crunchie Prospect showing the location of the recent drill holes and the assay results available up to Hole CRU 25 is shown in Figure 8.

The mineralisation at Crunchie occurs in pyritic shear and

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Stanwell
Goldfield
New Applications
Mount Morgan
(gold-copper)
Grantleigh
RANNES CENTRAL D’Aguilar Gold Limited
Central Minerals Pty Ltd
Rannes Gold Project
Biloela
0 35
New
kilometres
Applications
Gold Prospect
Steam sediments > 10ppb Au
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0 35 kilometres Gold Prospect Steam sediments > 10ppb Au Steam sediments > 3ppb Au

Figure 6:

Rannes Gold Project location, prospects & gold stream sediment anomalies July 2008

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Figure 7: Rannes Central Prospects, on lease map and magnetics map
ALABAMAALABAMAALABAMAALABAMA
HOMESTEADHOMESTEADHOMESTEADHOMESTEAD
COOPERCOOPERCOOPERCOOPER KAUFFMANSKAUFFMANSKAUFFMANSKAUFFMANS
PORCUPINEPORCUPINEPORCUPINEPORCUPINE
EPM 15803EPM 15803EPM 15803EPM 15803 EPM 15779EPM 15779EPM 15779EPM 15779 EPM 15803EPM 15803EPM 15803EPM 15803
EPM 15803EPM 15803EPM 15803EPM 15803 ODYSSEYODYSSEYODYSSEYODYSSEY
SHILOSHILOSHILOSHILO LOVE ON THE ROCKSLOVE ON THE ROCKSLOVE OLOVE O THETHE OCKSOCKS
CRUNCHIECRUNCHIECRUNCHIECRUNCHIE
THE NEEDLETHE NEEDLETHE NEEDLETHE NEEDLE SOGGYSOGGYSOGGYSOGGY
RANNES CENTRAL OLD MANOLD MANOLD MANOLD MAN
PROSPECTS EPM 15803EPM 15803EPM 15803EPM 15803
ON TOPOGRAPHY IMAGEON TOPOGRAPHY IMAGEON TOPOGRAPHY IMAGEON TOPOGRAPHY IMAGE
0 3 6 VULTURE STREETVULTURE STREETVULTURE STREETVULTURE STREET CRACKLINCRACKLINCRACKLINCRACKLIN
KILOMETRES
ARSENIC WELLARSENIC WELLARSENIC WEARSENIC WE LL
PINNACLESPINNACLESPINNACLESPINNACLES
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7319800N

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The Clermont goldfield in Central Queensland
Crunchie Prospect Drilling Plan has a long history as a significant producer of
October 2008 alluvial gold, however previous explorers have
been deterred from actively seeking the source
L E G E N D of the original mineralization due to the local
34 Hole trace & hole number – assays awaited topography – flat lying black soil plains, with no
Hole completed – no intercept apparent outcrop. D’Aguilar Gold and its wholly
32 Intercept 5 to 10 m x g/t Au Equivalent owned subsidiary Central Minerals secured
10 to 32 m x g/t Au Equivalent exploration tenements in the area and are
> 32 m x g/t Au Equivalent actively reassessing historical data bases.
33 2.4g/t Intercept grade in m x g/t Au Equivalent Combined with the most advanced geophysical
29
Refer footnote for m x g/t Au Equivalent factors and geochemical exploration techniques now
30 27 available, the Company has identified target
Thick intercepts. 1.4g/t 23 areas which were sufficiently developed to allow
Assays awaited 28 first pass blind reconnaissance drilling to
commence in August. An initial fifteen (15) hole
program has been completed, and results now
2.0g/t 15
1.1g/t 18 2.1g/t 24 received.
22 0.5g/t
The main prospect drilled is called Niagara, and is
35 located on the edge of a large buried granite body
north east of the historic Miclere alluvial gold field.
1.0g/t 17 25 This first drilling program at Clermont was
0.7g/t 13 designed to find new areas of gold mineralization
2.4g/t 14 12 0.7g/t
21 under cover, and was successful in that regard. A
2 6
31 new poorly defined, non‐outcropping goldfield has
19 been located about 8 km north east of the Miclere
20 34 N field. With further exploration and drilling the
potential exists to locate better substantial grades
nearby (associated with the large granite
intrusive).
100 metres
7319300N
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Limit of Sulphides
Limit of Sulphides
203500E
203100E
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Eastern Uranium applied for exploration tenements in three project areas – Woolgar South, Biloela and Wondai. The tenements in the Biloela and Wondai areas were granted during the last half of calendar 2007, and exploration commenced. No real potential for occurrence of an economic uranium deposit on these southern tenements is evident at this stage. Two (2) potential new gold/silver prospects and one potential porphyry copper‐ gold prospect, along with considerable iron potential, have however been identified and will be the subject of follow up work over coming months.

Some of the most interesting assay results from field work on Eastern Uranium tenements have identified substantial deposits of sediment hosted iron ore, with several assays over 40% Fe with low phosphorous content. Eastern Uranium tenements exhibiting good prospectivity for sedimentary iron ore are currently being assessed as part of regional work being undertaken by D’Aguilar’s wholly owned subsidiary Ridge Exploration (see later section).

At Woolgar in north Queensland, the company applied for exploration permits over several areas, some of which are downstream of the Strategic Minerals Corporation Woolgar unconformity style uranium projects. Of the nine original applications, three were granted prior to year end, with a further four expected to be granted in coming weeks. Initial field work is being planned for later in the 08/09 year.

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Ridge is a wholly owned subsidiary of D’Aguilar and was incorporated to apply for exploration licences for sedimentary iron ore over parts of the northern Surat Basin and other areas where previous work has identified sedimentary iron ore development with over 35% iron content. While over the past 40 years the mining industry has concentrated on the exploitation of haematite ores grading over 55% iron, it has been overlooked that for most of the history of the iron and steel industry (many centuries) iron ore grading 35+% was the accepted standard. These lower grades are still mined in North America and Europe. Given that the Ridge target areas are situated adjacent to massive coal and gas reserves, and given the current high prices for iron ore, it is clear that lower than currently used grades of iron ore may have the potential to be profitably exploited even bearing costs of upgrading by processing.

The tenements held or applied for by Ridge Exploration (and those of Eastern Uranium over similar geology) are shown on Figure 9. As indicated on the map, these tenements sit astride major existing or planned railway lines with access to several Queensland ports.

Substantial research into past explorer’s reports has been undertaken while Ridge has been awaiting tenement grant, and detailed radiometric and landsat remote sensing images have been sourced to assist in focussing a field program of the most prospective areas. During the later part of the year further exploration permits were applied for over prospective areas.

As all Eastern Uranium tenements with sedimentary iron ore potential were granted and Ridge tenements had also started to be granted, in May 2008 Ridge and Eastern engaged an Exploration Manager and two part time geologists to focus on the iron ore strategy. The company committed to complete an initial broad appraisal of prospective areas over a six month period and the results of this are now to hand. Initial field work has already identified sixteen extensive deposits of sediment hosted and lateritised iron ore with several assays >40% Fe and low phosphorous. Further details are available in the D’Aguilar ASX Announcement of 21 October.

Sample DR 2154, 49.9% Fe, 0.01% P

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Developing Projects

Following disappointing results from further field exploration and drilling during the year, the Windera Project Area (gold) was relinquished.

The Bathurst Project Area located 16km south of Bathurst in NSW returned very encouraging initial results from the re ‐assay of 21 historic diamond drill hole cores. Two significant prospects were defined at Apsley and Cow Flat. In March, a Land Access Agreement was reached with the major land holder in the Bathurst Exploration Licence Area, and a follow up field sampling program has been undertaken. Gold has been a particular focus of the latest program, but several copper and base metals areas previously identified were also targeted. Early assay results confirm the prospectivity, and drill testing of the best anomalies is planned for late 2008.

At the Oaky Creek Porphyry Copper/Gold prospect near Gayndah the results of the initial first five (5) reverse circulation drill holes have been sufficiently encouraging for

the company to plan drilling a deep diamond core hole this year. A 500 metre NQ diamond core hole has just been completed, and the core is being cut for despatch to the laboratory for assay. Sulphide mineralisation including visible lead and zinc sulphides is present over the 500m length of the hole. Results are expected prior to Christmas. One deep diamond core hole is also planned to test a target with an indicated EM conductor coincident with elevated soil copper geochemistry at Peenam, also a porphyry copper/gold prospect, west of Gympie in south‐east Queensland.

Following reinterpretation of previous exploration data by earlier explorers, D’Aguilar has identified mature drilling targets for an initial reconnaissance program for copper/ gold, zinc and silver at Cressbrook – Buaraba near Toowoomba in south‐east Queensland. This will be planned once native title access issues have been addressed (expected late 2008).

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Figure 9: Ridge Exploration and Eastern Uranium Tenements on Significant Geology

Footnote 1 ‐ Molybdenum Equivalents (“Mo Equiv”) assumptions:

Cut‐off grades are based on Molybdenum Equivalence (“Mo Equiv”) and the inputs for this calculation are:

1 troy ounce (oz) = 31.103477 grams (gm)	1 troy ounce (oz) = 31.103477 grams (gm)	1 troy ounce (oz) = 31.103477 grams (gm)
1 pound (lb) = 453.5924 grams (gm)
Metal*	Price (US$) July 2008 outlook	Units		Price (US$) per gram (gm)	Ratio
Mo	$33.00	/ lb		$0.073 / gm	1.00
Ag	$17.30	/ troy ounce		$0.556 / gm	7.61
Cu	$3.70	/ lb		$0.008 / gm	0.109

Where Mo = Molybdenum, Ag = Silver and Cu = Copper (all in ppm)

In the Company’s opinion all elements included in the metal equivalents calculation have a reasonable potential to be recovered, approximately in the proportions of 70% to 85% for Mo, 75% to 85% for Ag and 70% to 80% for Cu based on preliminary metallurgical test work results to date. Recoveries may change as test work proceeds. On this basis, the formula used to calculate Mo Equiv is as follows (note no recoveries have been included in this calculation): Mo Equiv = Mo + 7.61 x Ag + 0.109 x Cu

Competent Person and JORC Code

The resource report was prepared in accordance with the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (“JORC Code”) by Alex Virisheff, Principal Resource Geologist and Troy Lowien, Resource Geologist, of consultants Coffey Mining Pty Ltd, who are Members of The Australasian Institute of Mining and Metallurgy (“AusIMM”).and have a minimum of five years of experience in the estimation, assessment and evaluation of Mineral Resources of this style and are the Competent Persons as defined in the JORC Code. Troy Lowien conducted the geological modelling, statistical analysis, variography, grade estimation, and report preparation. This announcement accurately summarises and fairly reports his estimations and he has consented to the resource report in the form and context in which it appears.

Estimation Procedures

Molybdenum mineralisation occurs as coarse molybdenum associated with quartz veining and also disseminated through the host rock in areas. Exploration has been conducted in the area since 1967. The investigations of the Anduramba porphyry have include detailed mapping, soil sampling, stream sediment sampling, the rock chip sampling of an adit, geophysical surveys and various diamond, percussion and reverse circulation drilling programs.

Adequate quality control procedures have been implemented for all data collection by the Company from 2006 onwards so that appropriate levels of analytical precision and accuracy have been achieved for use in resource estimation. A limited amount of quality control data was collected for the pre‐ 2006 drilling. What data is available indicates a reasonable level of quality. Coffey Mining is satisfied that the pre‐2006 exploration data is appropriate for use in resource estimation.

The usual sampling interval is 2 metres in each drill hole. Mineralised domain boundaries for the purpose of constraining grade estimation have been interpreted and modelled based on the geological logging, grade constraints and interpreted geological and structural controls. Statistical and geostatistical analyses within domains were carried out on 2m composites. An outlier analysis resulted in the cutting of some high grade composites to avoid overestimation of grade. All Mineral Resources quoted in this report are based on grade estimates contained in 3 dimensional block models created with Surpac® Software. All metal grades were interpolated using an Ordinary Kriging algorithm and validated by visual and statistical comparison. Tonnage calculation was based on limited in situ bulk density measurements obtained from diamond core. Resource classification was in accordance with guidelines as set out in the JORC Code (2004). The key criteria used in classification were drill density, geological and grade continuity, and quality of grade estimates.

Footnote 2 ‐ Gold Equivalents (“Au Eq”) assumptions:

In most gold‐silver mines of this geological type, both gold and silver are recovered and sold. Gold is far more valuable per gram than silver but the two precious metals can be combined into a gold equivalent value “Au Eq”. The assumptions used for this Au Eq calculation are:

Metal*	Price (US$) 15‐Oct‐08 outlook	Units	Price (US$) per gram (gm)	Ratio	Today’s Spot Prices for comparison ratio 74.5
Ag	$11.00	/ troy ounce	$0.354 / gm	76	US$9.70/oz
Au	$836	/ troy ounce	$26.88 / gm	1	US$722.50/oz

Where Ag = Silver and Au = gold (all in grams per tonne of ore “g/t”)

In the Company’s opinion all elements included in the metal equivalents calculation have a reasonable potential to be recovered, approximately in the proportions of 85% to 95% for Ag, 90% to 95% for Au based on standard industry practice. Recoveries may change as testwork proceeds. On this basis, the formula used to calculate Au Equiv is as follows (note no difference in relative recovery rates have been included in this calculation): Au Eq = Au + Ag / 76

Competent Persons Statement

The information in this report that relates to Exploration Results is based on information compiled by Nicholas Mather B.Sc (Hons) Geol., who is a Member of The Australian Institute of Mining and Metallurgy. Mr Mather is employed by Samuel Holdings Pty Ltd which provides certain consultancy services including the provision of Mr Mather as the Managing Director of D’Aguilar Gold Ltd and director of Central Minerals Pty Ltd of which D’Aguilar Gold owns 100%.

Mr Mather has sufficient experience which is relevant to the style of mineralisation and type of deposit being reported and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves’ (the JORC Code). Mr Mather has consented in writing to the inclusion in this report of the matters based on the information in the form and context in which it appears.

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Corporate Information

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DIRECTORS

Nicholas Mather (Managing Director) Ian Levy (Chairman) Brian Moller Vincent Mascolo

COMPANY SECRETARY

Duncan Cornish

EXPLORATION MANAGER

ISSUED CAPITAL

At 30 September 2008, D’Aguilar Gold Ltd had the following securities on issue:

• 146.0 million ordinary shares

• 1.0 million (unlisted) options (12.7c to 25.0c) expiring 30/6/09 (certain vesting conditions apply)

• 4.0 million (unlisted) 27.5c options expiring 30/6/11

Neil Wilkins

GENERAL MANAGER

Greg Runge

AUSTRALIAN STOCK EXCHANGE (“ASX”) ASX Codes: DGR (Ordinary shares)

REGISTERED OFFICE AND HEAD OFFICE

D’Aguilar Gold Ltd Level 5, 60 Edward Street Brisbane QLD 4000 Phone:+ 61 (0)7 3303 0680 Fax: + 61 (0)7 3303 0681

SHAREHOLDING ENQUIRIES

Link Market Services Limited manages D’Aguilar Gold Ltd’s share registry.

If you would like to monitor your shareholding online, you can do so by visiting Link Market Services Limited’s website, www.linkmarketservices.com.au and following the instructions. For issuer‐sponsored shareholders, if you change address, or if you have any other queries regarding the details of your shareholding, please contact the Company’s share registry directly: Link Market Services Limited Locked Bag A14 SYDNEY SOUTH NSW 1235 Phone: 1300 554 474

INTERNET ADDRESS

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If you would like to receive news releases by email, please send us an email to info@daguilar.com.au with the subject “email alerts” or register your details on our website by clicking “Contact Us” and entering your details.

Website: www.daguilar.com.au

AUSTRALIAN BUSINESS NUMBER ABN 67 052 354 837