DGR GLOBAL LIMITED — Interim / Quarterly Report 2011

Jul 28, 2011

A C T I V I T I E S R E P O R T F O R T H E J U N E 2 0 1 1 Q U A R T E R

==> picture [195 x 146] intentionally omitted <==

==> picture [202 x 148] intentionally omitted <==

==> picture [189 x 149] intentionally omitted <==

D’Aguilar Gold Limited A Resource Investment Company

==> picture [126 x 162] intentionally omitted <==

D’Aguilar Gold creates resource companies from projects generated by a highly skilled in-house team of geoscientists with diverse global minerals experience and a track records of significant discoveries.

D’Aguilar Gold holds key investments in these resource companies building value for

D’Aguilar Gold Founder and CEO Nicholas Mather

D’Aguilar shareholders as each company grows and as more companies are created each year.

D’Aguilar Gold now holds substantial investments in four listed resource companies (Mt Isa Metals| Solomon Gold | Navaho Gold | AusNiCo) exploring for copper, gold and nickel with a market value of AUD42.7 million, and in three unlisted subsidiaries progressing to capital raising and ASX listing in 2011 with a projected D’Aguilar Gold value at listing of AUD73.0 million.

These unlisted companies are exploring for gas, iron and titanium ores and copper gold molybdenum systems. In addition D’Aguilar also has developing projects in antimony, tin, copper, gold and rare earths.

Fourth Quarter Highlights

Solomon Gold plc (LSE: SOLG) 12.5% DGR owned Raised the inferred mineral resource at the Rannes Project, Queensland, Australia to 273,199 ounces contained gold and 10.67 million ounces contained silver. Further encouraging results from drilling and surface sampling programs on the Mbetilonga Project in Joint Venture with Newmont on Guadalcanal in Solomon Islands were recieved.

Mt Isa Metals Ltd (ASX: MET) 33% DGR owned Announced a 14 km long geochemical gold anomaly at the Kamsongo project area; further exciting gold drill assay results from the first holes in the Phase 2 program at the 3.6 km long Nabanga gold discovery; and new assay results extend the gold soil anomaly to 6 kms long and up to 2.8 km wide at the Boungou Prospect.

AusNiCo Ltd (ASX: ANW) 53% DGR owned Announced encouraging recoveries of nickel sulphides during initial metallurgical testing; geophysical techniques utilising Induced Polarization “IP” have identified a potentially large copper-silver mineralised system at Silver Valley.

Navaho Gold Ltd (ASX: NVG) 29% DGR owned Listed on ASX April 2011. Drilling commenced in

Fourth Quarter Highlights

May at Stephens Basin Project, Nevada, USA with initial results pending. Review of historic data at the Utah Clipper Project in Nevada indicates potential for significant silver zone

Armour Energy Ltd | 50% DGR owned

Successful AUD14 million seed capital raising completed. Native Title agreements concluded for first two tenements and Northern Territory Government has granted EP171/EP176 covering the Batten Trough – target for 40 TCF of conventional and shale gas.

Archer Resources Ltd | 67% DGR owned High silver and base metal grades returned from geochemical rock chip and soil sampling at the Rossmore Silver prospect.

IronRidge Resources | 86% DGR owned

D’Aguilar Gold holds Renamed to reflect the iron focus in a new iron35.2 million shares titanium laterite province in South East Queensland. representing 15.6% Underwritten minimum AUD6.0 million IPO planned of Solomon Gold plc. 2011. Drilling commenced, AUD1.5 million pre IPO raising underway.

The D’A uilar Business Model g

During the quarter D’Aguilar strongly advanced its objective to become a diversified resource project generator and investment company.

D’Aguilar generates its own large scale resource exploration projects directly through the skills and experience of its accomplished team of explorationists.

Most resource investment companies purchase their investment stakes at a high cost, with restricted scope and low diversity and it is this important difference that gives D’Aguilar its strong competitive edge.

Many exploration companies tend to prematurely focus on the definition of a restricted resource and/ or development without the scope for world class discoveries. In contrast, D’Aguilar’s philosophy is to secure provincial tenure positions, prospective for commodities with a high demand growth profile, which attract globally diverse capital funds. The company adopts a lateral and creative approach in the identification of both the commodity and the exploration target.

D’Aguilar’s exploration projects tend to be very large, targeting new provinces with the potential to make world-class discoveries. The exploration concepts are often novel. While increased metal prices and advances in technology can turn former sub-economic deposits into viable projects, D’Aguilar Projects frequently emerge from detailed reassessment and reinterpretation of large databases with a new perspective. In the past, D’Aguilar Directors and Managers have applied new exploration models to extensive tenement areas which have contributed to the identification of new mineral provinces and the discovery of nationally significant resources.

D’Aguilar’s strategy to independently finance, manage and list its key assets on recognised stock exchanges is designed to deliver negotiability for its key assets, provide less dilutive funding of forward exploration programs and deliver expanded and focussed Project Management Teams independent of D’Aguilar.

Figure 1: D’Aguilar Gold Group Corporate Structure—June 2011

R ep ort for Ju n e 20 11 Qu arter |Pag e 2

The D’Aguilar Business Model

D’Aguilar holds key equity positions in its subsidiary companies after listing. As shown in the D’Aguilar Gold Group Corporate Structure (see Fig 1, page 2).

D’Aguilar currently holds 12.5% AIM listed Solomon Gold plc (LSE: SOLG), 33% ASX listed Mt Isa Metals Limited (ASX: MET), 53% AusNiCo Limited (ASX: ANW) and 29% Navaho Gold Limited (ASX: NVG).

==> picture [105 x 55] intentionally omitted <==

----- Start of picture text -----

D’Aguilar Gold holds
35.2 million shares
representing 15.6%
of Solomon Gold plc.
----- End of picture text -----

Figure 2: D’Aguilar Gold Resource Company Creator

Figure 3: D’Aguilar Gold Building Value for Shareholders

R ep ort for Ju n e 20 11 Qu arter |Pag e 2

The D’Aguilar Business Model

Armour Energy led by CEO Mr Phil McNamara, (formerly MD TSX Listed Waratah Coal) completed AUD14.0 million seed capital raising and is proceeding to AUD75.0 million capital raising and ASX listing in Q3 2011 with selection of Joint Lead Managers underway.

Archer Resources led by CEO, Dr Matthew White, (formerly Chief Geologist Nautilus Minerals) has completed AUD2.0 million seed raising and commenced preparations for AUD6.0 million capital raising and ASX listing in Q4 2011 being managed by Blackwood Capital .

IronRidge Resources CEO appointment imminent is and AUD6.0 million capital raising and stock exchange listing planned for Q4 2011. D’Aguilar Gold holds

These three subsidiaries progressing to ASX Listing, 35.2 million shares along with other D’Aguilar project subsidiaries representing 15.6% under development (antimony, tin, copper, gold and of Solomon Gold plc. rare earths) amply demonstrates D’Aguilar’s proven ability to repeatedly create new mineral exploration and development companies year after year (Fig 2). Typically D’Aguilar generates two or more new wholly owned subsidiaries each year. D’Aguilar raises seed capital, installs Management and Executives and organises capital raisings and stock exchange listings.

In the crucial early life of a listed company, substantial support is provided by D’Aguilar to its subsidiaries, sharing corporate overhead costs including offices, company secretarial, accounting and the secondment of key D’Aguilar geoscientists on an “as needs” basis until such time as the new company can justify full time staff.

As the new company advances and grows over time, D’Aguilar intends to hold its position as a solid cornerstone shareholder enjoying capital appreciation (see Fig 3 and refer Table 1 below).

D’Aguilar’s most critical challenge during this period of rapid growth is the identification of technically and commercially skilled, successful and experienced managers and entrepreneurs to fill the Executive roles in their emerging resource companies. D’Aguilar is constantly searching for suitable candidates to take these opportunities forward with high personal and corporate reward. D'Aguilar is interested in reviewing people currently in middle Management exploration or business development roles, with major or middle ranking exploration and mining companies, to fill executive roles within the D’Aguilar Group.

Table 1: Current Portfolio of Assets held by D’Aguilar Gold and Market Valuation of Listed Entities

KEY ASSET	STOCK EXCHANGE LISTED CODE	DETAILS	MARKET VALUE $M MARCH 2011	TABLE 1 FOOTNOTES: 1. Value is based on the market value of MET shares on the ASX at 21 July 2011. 2. This value is based on the market value of SOLG shares on LSE.AIM on 21 July 2011 and the prevailing exchange rates applying as at that date. 3. Value is based on the market value of ANW shares on the ASX at 21 July 2011 4. Value is based on the market value of NVG shares on the ASX on 21 July 2011 5. Value is based on last round of equity financing (i.e. Seed Capital) provided by Seed Investors. No assurance can be given that DGR will be successful in achieving any of these values in the event of a realization of these assets.
Net Cash		Consolidated	14.8
Mt Isa Metals	ASX:MET	52 million shares@ 50 cents(1)	26.0
Solomon Gold	LSE/ AIM:SOLG	35.2 million shares @ 14.2 pence (2)	7.6
AusNiCo	ASX:ANW	58.85 million shares@ 7 cents(3)	4.1
Navaho Gold	ASX:NVG	27 million shares@ 18.5 cents(4)	5.0
Shamrock Mine Land		327 ha (720 acres mainly farming land) – 3 houses. Rehabilitation of mine area cov- ered by $450K bond	0.7
		Sub-total	58.2
Armour Energy		DGR holds 50%proposed IPO 2011(5)	15.1
Archer Resources		DGR holds 67%proposed IPO 2011(5)	4.0
IronRidge Resources		DGR holds 86%proposed IPO 2011(5)	10.0
Prospects in Development		Includes antimony, tin, rare earths, copper andgold(5)
		Cash Attributable to Subsidiaries	(14.0)
		Total (excl any value for Prospects in Development)	73.3
D’Aguilar Gold		324 million shares @ 12.5 cents on 21 July 2011	40.5

R ep ort for Ju n e 20 11 Qu arter |Pag e 4

==> picture [237 x 69] intentionally omitted <==

New Nickel and Cobalt – Queensland (ASX:ANW)

==> picture [278 x 389] intentionally omitted <==

D’Aguilar Gold holds 58.85 million shares representing 53% of AusNiCo Limited following the successful capital raising and listing of AusNiCo on the ASX on 21 October 2010.

AusNiCo is primarily focussed on defining and developing nickel sulphide and oxide mineralisation in extensive new provinces in Queensland. Since listing, AusNiCo has also applied for extensive new exploration areas in NSW plus three other exploration permits in northwest Queensland. The tenement package assembled by AusNiCo is shown in Figure 4.

D’Aguilar Gold holds In 2008 AusNiCo discovered the first significant 35.2 million shares nickel sulphide mineralisation in Queensland at representing 15.6% Pembroke near Kilkivan in Hole PEM 2 (4.2metres @ of Solomon Gold plc. 1.1% nickel within a 50metres zone averaging 0.34% Ni near surface). A large zone of oxide nickel mineralisation is under assessment at Mt Cobalt in the same area. The prospect has been drilled by AusNiCo and a substantial oxide target in a hydrothermally altered serpentinite host has been outlined. AusNiCo has identified potential for a deeper sulphide target coincident with a large magnetic anomaly.

AusNiCo has recently been conducting extensive Induced Polarisation (IP) surveys over the Pembroke, Mt Cobalt and Mt Clara prospects and

Figure 4: AusNiCo Tenement Plan

==> picture [296 x 273] intentionally omitted <==

----- Start of picture text -----

7,098,000mN
----- End of picture text -----

has identified extensive chargeability anomalies which indicate disseminated sulphide systems. AusNiCo has already intersected disseminated sulphides at Pembroke in lengths greater than 70 metres, and recent metallurgical testing has established that the nickel is significantly recoverable as a sulphide using simple flotation techniques. Accordingly D’Aguilar Gold believe that AusNiCo presents an outstanding opportunity for the discovery of disseminated nickel sulphide systems in South East Queensland.

During the quarter AusNiCo announced further silver and copper assay intercepts in holes drilled at the Silver Valley Prospect.

Over the coming months AusNiCo’s major exploration programs will continue to focus on the Pembroke, Silver Valley and Mt Cobalt Prospect areas (shown in more detail in Fig 5).

Figure 5: AusNiCo’s Exploration Prospects at the Black Snake Project Area in Queensland.

R ep ort for Ju n e 20 11 Qu arter |Pag e 5

==> picture [155 x 92] intentionally omitted <==

Gold & Porphyry Copper-Gold Solomon Islands & Queensland (LSE.AIM:SOLG)

==> picture [346 x 284] intentionally omitted <==

----- Start of picture text -----

D’Aguilar Gold holds
35.2 million shares
representing 15.6%
of Solomon Gold plc.
----- End of picture text -----

To date drilling has been confined to the Crunchie and Kauffman’sHomestead Prospects within the Central Rannes Project area (Fig 7). The Crunchie Prospect is particularly high in silver grades with over 8 million ounces contained. In particular, some high silver grades have been encountered in the deepest holes at Crunchie – notably in Holes CRU67 (4m @ 2.75g/t Au and 106g/t Ag from 118m) and CRU69 (2m @ 1.19g/t Au and 316.5g/t Ag from 110m). The veins in those vertical holes are almost flat lying, so that these intersections are close to true widths.

Figure 6: Location of Solomon Gold Exploration Projects

Figure 7: Central Rannes Project Area

D’Aguilar Gold holds 35.2 million shares representing 12.5% of Solomon Gold plc. Details on Solomon Gold, its Board and Projects can be viewed on the website www.solomongold.com. The company trades on the Alternative Investment Market of the London Stock Exchange with the code SOLG.

Solomon Gold’s main projects are in Queensland and Solomon Islands (Fig 6).

Solomon Gold has two key projects in Queensland – Rannes near Newcrest’s Cracow gold mine, and Mt Perry beside Newcrest’s (formerly Lihir Gold’s) Mt Rawdon gold mine. Since acquiring the Rannes area (Central Minerals Pty Ltd) from D’Aguilar Gold in February 2010 Solomon Gold has engaged two drilling rigs and in June 2011 announced an updated resource of 273,199 ounces contained gold and 10.67 million ounces of contained silver.

==> picture [330 x 347] intentionally omitted <==

R ep ort for Ju n e 20 11 Qu arter |Pag e 6

==> picture [157 x 91] intentionally omitted <==

Gold & Porphyry Copper-Gold Solomon Islands & Queensland (LSE.AIM:SOLG)

The Kauffmans deposit remains open at depth, below the estimated resource (see Fig 8). A deep drilling campaign has commenced in order to increase both the gold and silver resource.

next 12 months.

Late in the quarter Newmont advised encouraging drill assay results at the Vuanimaho Prospect within the Mbetilonga Project area, with further drill assay results pending for drilling on the Havehahala Prospect, also in the Mbetilonga area.

Solomon Gold plc has two main project areas in Solomon Islands. On Guadalcanal, Solomon Gold JV partner Newmont has advised Solomon Gold that it is proceeding to earning 70% in the JV on the Solomon Gold tenements located over one of the most comprehensive and relatively unexplored porphyry terrains in the south west Pacific. Newmont will D’Aguilar Gold holds complete expenditure of USD12.0 million approx 2 35.2 million shares years early to earn the increase interest. These representing 15.6% project areas are located on the South West Pacific of Solomon Gold plc. “Rim of Fire” next to world class porphyry copper-gold mines at OK Tedi, Bougainville, Porgera and Grasberg (which have endowments of 40-160 million ounces of gold).

Solomon Gold has previously announced exciting gold exploration results from several prospects in the Fauro Island prospecting licence area (100% Solomon Gold).

Fauro Island in the north west Solomon Islands is 80kms south of the former Panguna mine on Bougainville Island. Fauro is a volcanic epithermal crater where the recent mapping, sampling and geophysical surveys confirm the geology to be similar to the 40 million ounce Lihir Island gold mine now owned by Newcrest.

Solomon Gold advises the company has AUD12.0 million in the bank to continue its exploration programs in Central Queensland and Fauro Is.

D’Aguilar Gold expects Solomon Gold to participate in a discovery on Guadalcanal with Newmont in the

D’Aguilar Gold will continue to advise shareholders of LSE announcements by Solomon Gold by flagging key results in announcements to the ASX. However D’Aguilar shareholders should continue to monitor Solomon Gold on the company website at www.solomongold.com.

==> picture [375 x 310] intentionally omitted <==

Figure 8: Kauffmans Inferred Resource 3D Model

R ep ort for Ju n e 20 11 Qu arter |Pag e 7

==> picture [272 x 66] intentionally omitted <==

Copper and Gold—Mt Isa and West Africa

==> picture [419 x 282] intentionally omitted <==

----- Start of picture text -----

D’Aguilar Gold holds
35.2 million shares
representing 15.6%
of Solomon Gold plc.
----- End of picture text -----

and Trey Bit . During the quarter Mt Isa Metals announced high grade copper-gold drilling results from the Blue Star and Green Zone Prospects. Initial resource estimates are currently in progress for both prospects. The most significant assay results received were recorded from the Number 2 Reef at the Blue Star Prospect. West Africa is a world class gold province, host to more than fifty+ 1 million oz gold deposits associated with the

Figure 9: Mt Isa Metals Project Areas in Burkina Faso, West Africa

Birimian Greenstone (with close geological similarities to the greenstone belts of the Eastern Goldfields of Western Australia). Burkina Faso is an under explored country (see Fig 9) that has a recent history of stable Government with a modern system of mining law.

D’Aguilar Gold holds 52 million shares representing approx 33% of Mt Isa Metals.

While Mt Isa Metals’ prime endeavour is the discovery of world class gold projects in Burkina Faso, West Africa, it also holds 3,800kms[2] of tenements in four project areas focussed on copper and copper-gold targets in Mt Isa Queensland.

The Mt Isa Metals “footprint” in Burkina Faso covers an area equivalent to holding all the Eastern

The current Mt Isa region focus is on the Leichardt project area where an initial combined Indicated and Inferred Mineral Resource of 1.992 million tonnes at 1.2% Cu for 24,000 tonnes of contained copper (0.5%Cu cut-off grade) has been announced. Leichardt contains multiple near surface copper targets, including Barbara North, Green Zone, North Gossan, Blue Star

Figure 10: Kamsongo Prospect, Yactibo Project Area

R ep ort for Ju n e 20 11 Qu arter |Pag e 8 R ep ort for Ju n e 20 11 Qu arter |Pag e 3

==> picture [272 x 66] intentionally omitted <==

Copper and Gold—Mt Isa and West Africa (ASX:MET)

Goldfields of Western Australia from west of Coolgardie, and bounded by Paddington in the north and Junction to the south.

Mt Isa Metals commenced exploration in Burkina Faso in June 2010 and in December 2010 announced exceptional gold results from initial rock sampling on several prospects.

In January 2011 Mt Isa Metals announced exciting gold drill assay results from 20 holes along 3.6km strike length of multiple high grade quartz lodes on the Nabanga Prospect (in the Yactibo Project area) which averaged 5m true thickness and 6g/t gold.

A significant Phase 2 program of reverse circulation D’Aguilar Gold holds (RC) drilling commenced at the Nabanga Gold 35.2 million shares Prospect in early June. This program will test representing 15.6%

of Solomon Gold plc.

mineralisation between the previous drill holes, and below 50 metres depth. On 4 July the company reported additional high grade assay results to a depth of 65 vertical metres from the first 6 holes.

Early in the quarter Mt Isa Metals announced a 14km long geochemical anomaly had been defined at the Kamsongo Gold Prospect , in the Yactibo Project area. The significance of this new gold occurrence defined by +10ppb[1] gold in soil anomaly (including > 6 km at 50 ppb Au) is markedly shown in Figure 10.

Kamsongo has the potential to be up to 4 times the size of the Nabanga Discovery. Drilling has commenced on the higher order Central Zone and North Zone anomalies at Kamsongo, with initial results expected shortly.

RC drilling has also recommenced at the Bantou Gold Prospect within the Kongolokoro Project area in south west Burkina Faso. The 3,000m drilling program is designed to follow up the high grade intersections recorded in drilling in late 2010 which indicated multiple quartz lodes along a 500m strike length open in both directions and at depth.

In May Mt Isa Metals announced that multiple high order soil anomalies had been defined at the Boungou Gold Prospect (in the Tapoa Project Area in eastern Burkina Faso). These results included a +50ppb gold anomaly defined over an approximate 2.5km by 1.5km area. On 6 July the company indicated that new assay results extended the soil anomalies to a 6km strike length and up to 2.8km width. As shown in Figure 11 the gold anomalism at the Boungou Prospect remains open in all directions.

With drilling and soil sampling programs continuing on several prospects in Burkina Faso shareholders can expect a steady flow of assay results and ASX announcements over the next quarter.

FOOTNOTE:[1] ppb = parts per billion. Note 1 g/t (gram per tonne) = 1 ppm (part per million) = 1,000 ppb (parts per billion).

Figure 11: Boungou Prospect, Tapoa Project Area

R ep ort for Ju n e 20 11 Qu arter |Pag e 3 R ep ort for Ju n e 20 11 Qu arter |Pag e 9

High grade Bornite-Chalcopyrite infilling veins

==> picture [270 x 54] intentionally omitted <==

Carlin Style Gold – Queensland and Nevada, USA (ASX:NVG)

==> picture [271 x 290] intentionally omitted <==

==> picture [374 x 415] intentionally omitted <==

Figure 13: Navaho Gold Queensland

Tenement Project Area

Nevada – Canby and Mopung Hills . Both properties have the

areas in Queensland – at Texas, Bowen and Candlow near

2,390 metres at the Stevens Basin

Figure 12 Navaho Gold Nevada Project Areas, USA

R ep ort for Ju n e 20 11 Qu arter |Pag e 1 0

==> picture [270 x 54] intentionally omitted <==

Carlin Style Gold – Queensland and Nevada, USA (ASX:NVG)

High grade Bornite-Chalcopyrite infilling veins

completed at Rose Mine, Tobin, TAZ and Carlin East Project areas, and detailed ground gravity surveys completed at Whitehorse Flats, Rose Mine, Utah Clipper and TAZ Project

Figure 14 Steven’s Basin Project—Geology, Surface Gold Geochemistry and Drill Hole Locations

==> picture [414 x 257] intentionally omitted <==

data on the Utah Clipper

Figure 15: Navaho Gold Utah Clipper Project on the Cortez Trend, Nevada USA

R ep ort for Ju n e 20 11 Qu arter |Pag e 1 1

==> picture [227 x 101] intentionally omitted <==

New Shale Gas Province in Northern Australia

Armour Energy is D’Aguilar Gold’s energy focussed subsidiary dedicated to the discovery and development of world class gas resources in an extensive new province in Northern Australia (Fig 16). Armour has over 130,000 km[2 ] under gas tenure application in the Northern Territory and Queensland, an area equivalent to the size of the

Figure 16 United Kingdom. D’Aguilar Gold holds 50% of Armour D’Aguilar Gold holds Energy following an 35.2 million shares AUD14 million seed representing 15.6% capital raising . of Solomon Gold plc. Within the Northern Territory Exploration Licence

==> picture [295 x 423] intentionally omitted <==

----- Start of picture text -----

Figure 17
----- End of picture text -----

areas Armour has Figure 18 identified a core target area located within and adjacent to the fault bounded structure known as the Batten Trough (Fig 17). The target sediments are the thickened sections of the gas rich Barney Creek Shale which has scope

to host up to 40 TCF of gas. Previous exploration drilling for zinc encountered numerous shows of gas condensate, oil and bitumen, including a 140psi gas blowout which flowed for 6 months before being plugged (Fig 18).

The area is also prospective for large shale gas resources which are expected to be comparable to or rival shale gas resources contained within known shale gas basins in the USA. Shale gas technology developed in the USA and commercially applied by a number of companies and operators in Texas, Wyoming, Oklahoma, Louisiana, Arkansas, North Dakota as well as Saskatchewan and British Columbia in Canada will be applied in the exploration of the area.

The geology of the target area demonstrates extensive target shale units with total organic carbon content, thermal maturity levels and thicknesses presenting comparable targets to the producing Haynesville, Barnett, Marcellus and Bakken Shales that are currently yielding high volume gas production in the USA (Fig 19 overleaf). Shale gas development and production relies on the release of gas from artificially fractured low permeability gas bearing shales which are penetrated by radiating horizontal lateral holes drilled off a vertical centre well.

R ep ort for Ju n e 20 1 R ep ort for Ju n e 20 1 Qu arter |Pag e 1 21 Qu arter |Pag e 3

==> picture [155 x 68] intentionally omitted <==

The target shales are “dry” (not aquifers) and do not interact with groundwater. Armour’s well depths are targeted at between 500 and 1500 metres within the project area.

During the quarter, Northern Territory tenement access negotiations with traditional land owners were completed on the first two exploration application areas covering the Batten Trough and the Northern Territory Government granted EP171 and EP176

Armour Energy has applied for the “South Nicholson” ATP in north west Queensland. This exploration tenement abuts Armour’s Northern D’Aguilar Gold holds Territory tenements and is seen as highly 35.2 million shares prospective for significant shale gas resources. representing 15.6% Like the Armour tenement area in the Northern of Solomon Gold plc. Territory, the South Nicholson area was lightly explored by other companies in the late 1970s and early 1980s for major oil accumulations. At this time there was no significant gas demand, and gas was ignored or overlooked in exploration. However the area has abundant gas and oil source rocks. This is

clearly evident in revisiting the drill well logs from former oil exploration wells in the South Nicholson area. As shown in Figure 20, drill logs from the historic “Eqilabria 1” and “Beamesbrook 1” oil exploration wells drilled almost 30 km apart show remarkable continuity of high gas contents in the Lawn Hill Formation. Armour Energy is currently planning an AUD75.0 million capital raising and ASX listing in Q3 2011.

Figure 19: Oily and Gassy source rocks over 100m thick in the Batten Trough

==> picture [563 x 339] intentionally omitted <==

Figure 20: High Gas contents in Lawn Hill Formation indicate high gas potential in Queensland areas

R ep ort for Ju n e 20 1 R ep ort for Ju n e 20 1 Qu arter |Pag e 11 Qu arter |Pag e 3

==> picture [257 x 67] intentionally omitted <==

Iron, Titanium and Bauxite – Queensland

overlooked that a grading of 35+% was the accepted standard of the iron and steel industry. Given that IronRidge target areas are situated next to massive coal and gas reserves (owned by unrelated third parties) and the current high price of iron ore, lower grades of iron ore should be able to offer economic potential. Initial field work has already identified extensive deposits of iron rich material with many assays >40% Fe and < 0.04% P2O5 (phosphorus) The largest iron deposit identified lies on the eastern edge of the Basin approx 100kms Sth West of Mundubbera, called Cadarga where mapping and sampling work has led to the discovery of high grade Titanium Dioxides (to 31% TiO2) around an interpreted basaltic volcanic centre near the town of Monogorilby. The deposit is flat lying within a lateritised volcanic breccia and covers about 6km[2 ] around a diatreme style of volcanic vent. (Fig 21 shows location of IronRidge’s Qld tenements)

IronRidge Resources Ltd is reserved as the new name for Ridge Exploration as the company proceeds to capital raising and ASX Listing. IronRidge holds exploration licences for iron and titanium ores over parts of the northern Surat Basin where previous work has identified iron ore

==> picture [108 x 153] intentionally omitted <==

development with over 40% iron content in lateritised profiles and surface sampling has D’Aguilar Gold holds obtained TiO2 up to 31%. 35.2 million shares

representing 15.6% D’Aguilar has appointed Mr Stephen Everett as of Solomon Gold plc. Executive Chairman of IronRidge Resources. Mr Everett (pictured), a chemical engineer, has a 35 year career in Management and Board positions in the resources and construction sector. He is former Managing Director of BeMax Resources and current Chairman of Global Resources Corp Ltd

D’Aguilar has continued to fund the ongoing exploration work on the IronRidge tenements and, with the current buoyancy of the global iron ore market, the Directors have committed to a capital raising and ASX listing of IronRidge end 2011.

While over the past 40 years the mining industry has concentrated on the exploitation of haematite ores grading better than 55% iron it has been

A committed offer to underwrite AUD6.0 million of the IronRidge capital raising has been received D’Aguilar is well advanced in discussions to appoint a CEO to IronRidge Resources and plans to conduct a further seed capital raising of up to AUD2.0 million prior to the public listing to meet exploration commitments and listing expenses.

==> picture [350 x 308] intentionally omitted <==

Figure 22: Surface Sample, Cardaga

==> picture [169 x 112] intentionally omitted <==

Figure 21: IronRidge Resources Queensland Tenements

R ep ort for Ju n e 20 11 Qu arter |Pag e 1 4

==> picture [358 x 60] intentionally omitted <==

Porphyry Copper-Gold-Silver-Molybdenum — Queensland

Archer Resources is focussed on the discovery and development of porphyry copper gold molybdenum deposits in south east Queensland and after an AUD2.0 million seed raising last quarter is a 67% owned subsidiary of D’Aguilar Gold Limited. Archer Resources is led by Dr. Matthew White

==> picture [116 x 164] intentionally omitted <==

==> picture [196 x 160] intentionally omitted <==

Silver-Copper-Lead Rich Rock Sample from the Rossmore Silver Prospect

(pictured) who was appointed CEO of the company in April 2011.

D’Aguilar Gold holds Archer has six key project areas in south east 35.2 million shares Queensland – Peenam, Gayndah representing 15.6% and Calgoa (which already host encouraging drill intersections), of Solomon Gold plc. Great Blackall and Pinnacles (adjacent to the recent Aussie Q Resources discoveries at Whitewash and Gordons), and Anduramba . The location of these exploration tenements is shown in Figure 23.

==> picture [202 x 152] intentionally omitted <==

On 23 June D’Aguilar Gold announced Archer Resources had rock chip assays showing high grade silver (up to 0.9%) plus base metals at historic workings on the Rossmore Prospect within the Pinnacles Project area. Further, Archer Resources

High grade Bornite-Chalcopyrite infilling veins, Calgoa Prospect

had defined a strong geochemical Silver-Copper soil anomaly 400 metres NE of the historic workings which was still open to the NE, suggesting additional high grade mineralisation in the surrounding area. No modern exploration is recorded on the Prospect area, with historical drilling to a maximum of 38 metres.

==> picture [356 x 309] intentionally omitted <==

The Company is reviewing a number of other porphyry copper gold molybdenum systems in Queensland.

Archer Resources has commenced preparation of a Prospectus ahead of a planned AUD6.0 million capital raising and ASX listing early Q4 2011.

Figure 23: Map Showing location of Archer Resources Tenements

R ep ort for Ju n e 20 1 R ep ort for Ju n e 20 1 Qu arter |Pag e 1 51 Qu arter |Pag e 3

A C T I V I T I E S R E P O R T F O R T H E J U N E 2 0 1 1 Q U A R T E R

Corporate Information

DIRECTORS

William Stubbs (Chairman) Nicholas Mather (Managing Director) Brian Moller Vincent Mascolo

COMPANY SECRETARY

Karl Schlobohm

EXPLORATION MANAGER

Neil Wilkins

GENERAL MANAGER

Greg Runge

ISSUED CAPITAL

At 30 June 2011, D’Aguilar Gold Ltd had the following securities on issue:

• 324,202,760 ordinary shares

• 16 Million (unlisted) 28 cent options expiring 29/11/13

• 12 million (unlisted) 28 cent options expiring 28/02/14

SHAREHOLDING ENQUIRIES

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

AUSTRALIAN STOCK EXCHANGE (“ASX”)

ASX Code: DGR (Ordinary shares)

AUSTRALIAN BUSINESS NUMBER MBER

ABN 67 052 354 837

INTERNET ADDRESS MBER TERNET ADDRESS

All Company announcements, reports and presentations are posted on our website www.daguilar.com.au

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

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 website: www.linkmarketservices.com.au and follow 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 Phone: 1300 554 474

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.

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.