DGR GLOBAL LIMITED — Interim / Quarterly Report 2010

Jan 30, 2011

A C T I V I T I E S R E P O R T F O R T H E D E C E M B E R 2 0 1 0 Q U A R T E R

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HIGHLIGHTS

Substantial investments in three listed resource companies with a market value of AUD64.0 million.

Four unlisted subsidiaries with aggregate projected holding value at IPO of AUD56.0 million.

Solomon Gold plc: (LSE-AIM: SOLG) Continues to announce encouraging exploration results from 100% owned Queensland and Fauro Island Projects, and raised AUD24.2 million with the placement of 54 million shares at 28 pence. DGR holds 35.2 million shares or 12.5% (after placement).

Mt Isa Metals Limited: (ASX Code: MET) Share over hang removed and capital raising announced following major discovery in Burkina Faso on one of seven major gold projects. DGR holds 52 million shares or 38% of MET pre new raising.

DGR subsidiary Navaho Gold Limited (DGR 58% after $1 million seed raising during the quarter) completed farm-in agreements for seven highly prospective ‘Carlin style’ gold properties on the Carlin and Battle Mountain-Eureka Trends in Nevada, USA ahead of planned AUD7.0 million IPO with programs to commence late March and ASX listing this coming quarter.

DGR energy subsidiary Armour Energy Limited secured new Northern Territory gas province. Seed capital raising AUD10.0 million and AUD50.0 million IPO and ASX listing planned for July, with the seed raising to be completed in February.

results were very encouraging. DGR holds 59 million shares or 53% of ANW.

Archer Resources Limited: AUD2.0 million seed raising in progress prior to IPO and ASX listing planned by June. Five copper, gold molybdenum porphyry projects secured in South East Queensland.

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D’Aguilar Gold Limited Founder & Managing Director—Nick Mather

AusNiCo Ltd: (ASX: ANW) completed AUD4.0 million IPO raising and Listed on ASX from 21 October. Initial Pembroke project nickel sulphide and cobalt drilling

THE D’AGUILAR BUSINESS MODEL

Figure 1: D’Aguilar Gold Limited Corporate Structure – December 2010

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D’AGUILAR BUSINESS MODEL (Cont’d)

D’Aguilar’s aim is to hold its key positions in its listed subsidiary companies. As shown in the D’Aguilar Gold Group Corporate Structure in Figure 1, D’Aguilar currently holds 12.5% of AIM listed Solomon Gold plc (AIM: SOLG) and 38% of ASX listed Mt Isa Metals Limited (ASX: MET).

sharing corporate overhead costs such as offices, company secretarial and accounting and seconding key geoscientists on an “as needs” basis until such time as the new company can justify more full time staff.

As the new company advances and grows over time, D’Aguilar stands as a solid cornerstone shareholder whose equity is increasing substantially in value even though its percentage shareholding is decreasing (see table 1 on page 4 overleaf).

D’Aguilar also listed AusNiCo Limited (ASX: ANW) during this quarter and holds 53%. The pending sale of Ridge Exploration would see D’Aguilar emerge with 23% of Coltstar Ventures Inc (TSX.V: CTR). Preparation of a prospectus for the ASX listing of Navaho Gold in the coming quarter is almost complete. Armour Energy secured a new gas province in the Northern Territory and is completing AUD10.0 million seed raising and will proceed to a AUD50.0 million IPO and an ASX listing in mid 2011. D’Aguilar is also well advanced in plans to D’Aguilar Gold holds list Archer Resources (formerly Barlyne Mining and 35.2 million shares Anduramba Molybdenum) which is focussed on representing 15.6% porphyry copper-gold-molybdenum in South East of Solomon Gold plc. Queensland.

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The ability of D’Aguilar to continually repeat the creation of new mineral exploration and development companies is well illustrated in the following Figure 2.

Typically D’Aguilar generates two or more new wholly owned subsidiaries per year. D’Aguilar raises seed capital, installs Management and Executives and organises an IPO and stock exchange listing

In the crucial early life as a listed company substantial support is provided by D’Aguilar to its subsidiaries,

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Fig 2: D’Aguilar Gold Limited Corporate Development Pipeline

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Current Portfolio of Assets held by D’Aguilar Gold Limited, and Market Valuation of Listed Entities

KEY ASSET	DETAILS	MARKET VALUE $m September 2010	MARKET VALUE $m December 2010
Net Cash		2.0	0.6
Mt Isa Metals (MET)	52 million shares @75 cents (1)	20.8	39.0
Solomon Gold (SOLG)	35.2 million shares @ 29p (2)	18.6	14.6
Ridge Exploration	8 million shares in Coltstar (CTR) @ C$0.40 (3)	5.2	3.2
AusNiCo (ANW)	58.85 million shares @ 16.5 cents (4)	11.8	9.7
Shamrock Mine Land	327 h (720 acres mainly farming land) – 3 houses.	0.7	0.7
	Rehabilitation of mine area covered by $450K bond
	Sub-total	59.1	67.8
Navaho Gold	DGR holds 58%, proposed IPO early 2011 (5)
Armour Energy	DGR holds 100% proposed IPO mid 2011 (5)
Archer Resources	DGR holds 100% proposed IPO mid 2011 (5)
Prospects in Development	D’Aguilar Gold holds Includes Bathurst and other Projects (5)
	35.2 million shares Total (excl any value for above 4 assets)	59.1	67.8
D’Aguilar Gold	~~representing 15.6%~~ ~~of Solomon Gold plc.~~ 322million shares @ 17.5 cents on 28 Jan ‘11	48.3	56.4

FOOTNOTES:

1. This value is based on the market value of MET shares on the ASX at 28 Jan 2011

2. This value is based on the market value of SOLG shares on LSE.AIM on 28

3. January 2011 and the prevailing exchange rates applying as at that date

4. The sale of Ridge is expected to close on 28 February, 2011. This value assumes that closing will proceed and is based on the value of CTR shares on

the TSX.V at 28 January, 2011 and the prevailing exchange rates applying as at that date

1. This value is based on the market value of ANW shares on the ASX at 28 January 2011 .

2. No value for the purposes of this exercise has been attributed to these assets . 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

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

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 solomongold.com. The company trades on the Alternative Investment Market of the London Stock Exchange with code SOLG.

Solomon Gold’s main projects are in Queensland and the Solomon Islands (see figure 4, over page).

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 2 drilling rigs and announced a maiden resource of 200,000 ounces at the Crunchie Prospect.

Solomon Gold has two main project areas in the Solomon Islands. On Guadalcanal Newmont is earning 70% in a joint venture on the Solomon Gold tenements located over one of the most comprehensive and relatively unexplored porphyry terrains in the south west Pacific. These project areas are located on the south west Pacific “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). D’Aguilar Gold expects Solomon Gold to participate in a discovery on Guadalcanal with Newmont in the next 12 months. The Mbetilonga Project is highly regarded and exhibits numerous areas of very high copper and gold mineralization coincident with porphyry style magnetic signatures.

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Figure 3: Key Prospects on Fauro Island (aeromagnetic base)

Solomon Gold has announced exciting first pass 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 80 kms south of the former Panguna mine on Bougainville Island (see Figure 3).

Fauro is a volcanic epithermal crater where the recent mapping, sampling D’Aguilar Gold holds and geophysical surveys confirm the35.2 million shares geology to be similar to the 40 million representing 15.6% ounce Lihir Island gold mine now of Solomon Gold plc. owned by Newcrest.

During the quarter Solomon Gold successfully raised AUD24.2 million with the placement of 54 million shares at 28 pence. While diluting D'Aguilar’s equity position to a current level of 12.5%, the additional funding permitted Solomon Gold to commence an intense follow up exploration program. In late December the company announced further encouraging assay results from trenching at Meriguna and Kiovakase, and the commencement of a 9,900 metre diamond drilling program at Meriguna. 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 Solomon website.

Figure 4: Location of Solomon Gold Exploration Projects

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

D’Aguilar Gold holds 52 million shares representing approximately 38% of Mt Isa Metals. At the time of this report Mt Isa Metals was conducting a capital raising.

Mt Isa Metals prime endeavour is the discovery of world class gold projects in Burkina Faso. Mt Isa Metals selected Burkina Faso as one of the best places in the world to make such a discovery and conduct exploration programs.

West Africa is a world class gold province, host to more than fifty +1 million ounce gold deposits associated with the Birimian Greenstone (with close geological similarities to the greenstone belts of the Eastern Goldfields of Western Australia). Mt Isa Metals is one of the largest tenement holders in Burkina Faso and in contrast to most companies which has one key project Mt Isa Metals has seven. Burkina Faso is an under explored country that has a recent history of stable Government with a modern system of Mining law ( see Figure 5). The Mt Isa Metals “footprint” in Burkina Faso covers an area equivalent to holding all the Eastern Goldfields of Western Australia from west of Coolgardie, and bounded by Paddington in the north and Junction to the south.

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Visible Gold in Surface Sample from Yacti Prospect, Burkina Faso, West Africa

sampling on several prospects. In January 2011 Mt Isa Metals announced exciting gold drill assay results from 20 holes along 3.6 km strike length of multiple high grade quartz lodes on the Nabanga Prospect (within the Yactibo project area) which averaged 5 metres true thickness and 6 gms per tonne gold. D’Aguilar Gold considers the results to herald the potential on over 20 kilometres of potential post structures at Nabanga representing a large high grade gold discovery.

In the Mt Isa region MET holds 3,800 km[2] of tenements in 4 project areas focussed on copper and copper-gold targets. The first two drill holes completed at Gregory (IOCG copper-gold target under significant cover) have revealed significant iron oxide alteration and a “live” copper system. The current focus is on the Leichardt project area where an initial resource has already been announced. Leichardt contains multiple near surface copper targets, including Barbara North, Green Zone, North Gossan, Blue Star and Trey Bit .

Mt Isa Metals commenced exploration in Burkina Faso , West Africa in June 2010 and in December announced exceptional gold results from initial rock

Fig 5: Mt Isa Metals project Areas in Burkina Faso, West Africa

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New Shale Gas Province in the Northern Territory

Armour Energy Limited CEO, Phil McNamara

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Armour Energy is D’Aguilar Gold’s recently formed energy subsidiary dedicated to the discovery and development of world class gas resources in an extensive new province in the Northern Territory. Armour has identified a

core target area located within and adjacent to the fault bounded trough structure known as the Batten Trough (see Figure 6). The target sediments are the

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Fig 7: Gas flow from Amoco mineral exploration borehole
GR-79-9 at Glyde River 1979.
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thickened sections of the gas rich Barney Creek Shale which has scope to host up to 40 TCF of gas in the area.

Previous exploration activities for zinc encountered numerous shows of gas condensate oil and bitumen, including a 140psi six month gas blowout (see fig 7).

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.

During the quarter tenement access negotiations necessary prior to grant were well advanced, with a focus on progressing Native Title and Cultural Heritage negotiations with Traditional Owners.

Fig 6: Armour Energy Conventional and Shale Gas Project Area – Northern Territory

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Market Opportunities Identified

Several short term and lower volume market domestic industrial and power generation opportunities have been identified in and near to the exploration area, or adjacent pipeline infrastructure. Early exploration targets and ultimately reserve definition and production plans have been selected to address these opportunities.

The project area is well positioned to service the Northern Economic Triangle of Queensland and local markets in the Northern Territory .

Fig 8: Schematic diagram of horizontal drilling and fraccing in gas shale formation.

US Shale Gas Exploration and Development Techniques to be Applied

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 (see Figure 8) .

The geology of the Northern Territory target area demonstrates extensive target shale units with total organic carbon content, thermal maturity levels and thicknesses presenting comparable targets to the currently producing Haynesville, Barnett, Marcellus and Bakken Shales that are currently yielding high volume gas production in the USA, (see Figure 9)

production of gas from artificially fractured low permeability gas bearing shales which are penetrated by radiating horizontal lateral holes drilled off a vertical centre well. Armour’s well depths are targeted at between 500 and 1500 metres within the project area.

On the basis of available information and an Australian operating environment, Armour Energy is targeting overall exploration and development costs of $1.40 per GJ .

Shale Gas Importance

Shale gas production in 2008 supplied approximately 2TCF of gas per year into the US gas market being equivalent to 9.1% of total US marketed gas production of 21.9TCF. In 2008 US shale gas production exceeded US coal bed methane production[1] . In 2009, total Approx distance from Queensland gas surface: 1500metres production was estimated to be

232 PJ. Production from the expanding coal seam methane industry was estimated at 151 PJ having overtaken conventional gas production to now account for 65% of Queensland gas production[2] .

Gas resource targets onshore in the NT have not previously attracted major commercial exploration efforts, owing to historic low gas prices, lack of available markets and a focus on conventional reservoir styles which were perceived to be limited in size potential.

Armour Energy’s strategy relies, as with the emergence of the coal seam gas industry in

Shale gas development and production relies on the

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Queensland 10 years ago, on the discovery of very large unconventional gas resources extractable with proven, but as yet untried methods in this area, along with the generation of high volume downstream industrial, power generation and export markets.

Armour Energy is targeting similar development of shale gas production in the Northern Territory and believes that shale gas production in the Northern Territory will ultimately provide a significant adjunct to energy supplies in both the Northern Territory and Northern Queensland.

Early Gas flow Potential in Conventional Targets

In its Northern Territory project areas, Armour Energy has identified potential for shale gas plays in the Barney Creek Shale and potential to discover conventional gas accumulations in the Coxco Dolomite abutting the Barney Creek Shale along the Emu Fault Zone both North and South of the McArthur River Zinc Mine. A mineral exploration hole drilled at the Glyde River prospect in this area by Amoco in 1979 flowed gas and condensates at 140psi for 6 months before it was sealed at the surface (see Figure 7).

Mineral exploration drill holes in the area frequently encountered bitumen, residual oil, gas shows and gas flows further substantiating the presence of a mature petroleum system in the area. Armour has identified several targets adjacent to the Emu Fault Zone near both Glyde and Caranbirini along with other anticline related targets adjacent to the Abner Range. These targets provide immediate potential for approximately 200 Billion cubic feet or approximately 210 PJ of gas with further potential to be identified in similar trap sites.

Relatively Low Land Use, Social and Environmental Conflicts

Armour is encouraged by the project’s location in areas of manageable environmental and social impact with expected negligible impact on groundwater due to depth along with minimal land use conflict.

Capital Raisings and ASX Listing Planned

Armour has AUD10.0 million seed capital raising underway in the current quarter and plans IPO and ASX listing in mid 2011.

Experienced Board and Management in Major Projects and Gas Exploration

Armour's CEO, Mr Phil McNamara is highly experienced in the field of major project feasibility and development having recently headed the feasibility study and then successful negotiations with major Chinese constructors, financiers and customers for Waratah Coal. His previous appointments also saw him managing large coal development projects for Yanzhou Coal Australia, and prior to that Xstrata Coal .

Armour is well supported by a team of highly experienced and successful petroleum exploration experts and consultants and draws relevantly on the coal seam methane experience of its chairman and D’Aguilar CEO, Mr Nicholas Mather, who was instrumental in the early business development strategy, project acquisition and exploration programs for Arrow Energy and Bow Energy. He is currently a Non Executive Director of Bow Energy.

Mr Bill Stubbs, Chairman of D’Aguilar was also Chairman of Arrow Energy between 1998 and 2005, during its emergence as a major coal seam methane company, and his experience will be particularly relevant to the emergence of Armour Energy as a major gas company.

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Fig: 9 Oily and Gassy source rocks over 100m thick in the Batten Trough

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Carlin Style Gold – Queensland and Nevada, USA

High grade Bornite-Chalcopyrite infilling veins

of these properties are potentially ‘on trend’ and

Fig 10a & 10b below show: Location of Navaho Utah Clipper and the world’s largest gold deposits are located Crestview Properties, Nevada, USA

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The Navaho Gold Approach

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Queensland

In Queensland, as a result of its own project generation, the company has also identified district scale opportunities for the discovery of Carlin-style mineralisation in parts of unexplored sedimentary basins.

within sight of existing multi-million ounce mines operated by Newmont and Barrick. All of the Nevada properties can be rapidly advanced to the drilling stage.

Why Nevada?

Exceptionally high prospectivity and discovery record.

Navaho Gold holds 6 granted EPMs and 20 EPM applications covering more than 7,000 km[2 ] in southern, central and northern Queensland on three major project areas at Texas, Bowen and Candlow as shown in Fig 13.

In 2009 the USA was the 2nd largest gold producing nation in the world, more than 75% of which came from Nevada[1] .

2008 Nevada gold production of 5.7Moz accounted for 8% of total world mine output[1] .

Fig 13: Navaho Gold Queensland Project Areas

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Production of gold in Nevada in 2008 came from 19 major mining operations (<100,000oz pa)[2] .

The Carlin Trend alone has 100Moz of gold in reserves and resources—more than 70Moz of past production[1] . Nevada is consistently ranked in the top 5 most appealing mining jurisdictions in the world[3] .

Fig 11: Nevada Gold Production Per Unit Area

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Forward Plans

Early in the quarter Navaho Gold completed a seed capital raising of $1 million to meet the acquisition and initial project related costs for its Nevada properties, and to provide working capital to assist management with the continuing process of taking Navaho to an IPO. Preparation of the prospectus is now all but complete, with plans for an IPO and ASX listing in the coming quarter .

Fig 12: Navaho Carlin East JV Claims, Nevada, USA

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1 Overview Economic Overview of Nevada Mining Industry, 08-09 2 Nevada Bureau of Mines & Geology, Special Publication MI-08 3 Fraser Institute Annual Survey of Mining Companies 09/10

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New Nickel and Cobalt – Queensland (ASX:ANW)

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

AusNiCo is led by Chief Executive Officer, Mr John Downie, an experienced Mining Industry Professional.

AusNiCo is focussed on defining and developing nickel sulphide and oxide mineralisation in extensive new provinces in Queensland. The tenement package assembled by AusNiCo is shown in Figure 14.

In 2008, the company discovered the first significant nickel sulphide mineralisation in Qld at Pembroke near Kilkivan in Hole PEM 2 (4.2metres @ 1.1% nickel within a 50 metres 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. D’Aguilar has identified potential for a deeper sulphide target coincident with a large magnetic anomaly.

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Fig 14: AusNiCo Exploration Tenements in Queensland

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Prior to the onset of the wet season AusNiCo completed and announced very encouraging assay results for its first diamond core hole at the Pembroke Prospect. The assay results are shown in Table 2 Parts 1 and 2.

Drilling has recently recommenced and further results are expected to be announced in the coming quarter.

Table 2— Part 1—18.1 to 39 metres

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Figure 15: Pembroke Prospect Discovery Hole

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Figure 16: Drilling at Mt Cobalt

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Fig 17: Stream sediment sampling Mt Cobalt Area

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Table 2— Part 2—39 to 132 metres

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Iron, Titanium and Bauxite – Queensland

Ridge Exploration is 86% owned by D’Aguilar Gold, and together with its wholly owned subsidiary Eastern Exploration holds exploration licences for iron ore over parts of the northern Surat Basin, the underlying basement and other areas where previous work has identified iron ore development with over 40% iron content in lateritised profiles. 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 overlooked that for most of the history of the iron and steel industry (many centuries), iron ore grading 35+% was the accepted standard. Given that the Ridge target areas are situated adjacent to massive coal and gas reserves (owned by unrelated third parties) and given the current high prices for iron ore, it is possible that lower than currently used grades of iron ore should be able to be very profitably exploited even bearing costs of upgrading by processing.

Initial field work has already identified extensive deposits of sediment hosted iron ore with many assays >40% Fe. The largest and strongest iron deposit identified lies in the Johnson Creek area on the eastern edge of the Basin approximately 100km southwest of Mundubbera and 80km east of Wandoan, referred to as Cadarga. Mapping and sampling work at Cadarga has also 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 6 square kilometres around a diatreme style of volcanic vent. The location of the Ridge and Eastern exploration tenements in Queensland is shown in Figure 15.

On 29 June 2010 the Directors of D’Aguilar Gold and Ridge Exploration Pty Ltd announced that agreement had been reached for a scrip-based take-over of Ridge Exploration by Canadian company Coltstar Ventures Inc (TSX.V: CTR). Under the Share Purchase Agreement, Coltstar will acquire 100% of the issued

shares in Ridge, in consideration for the issue of 10 million new, fully-paid shares in Coltstar to the Ridge shareholders.

Following the transaction, Coltstar will have approximately 38 million fully-paid shares on issue, together with approximately 5.75 million convertible equity instruments (options and warrants) and CDN$150,000 worth of convertible debentures.

Ridge shareholders will hold approximately 27% of Coltstar following the transaction (approximately 23% on a fully diluted basis). As the majority shareholder of Ridge, D’Aguilar will hold approximately 8.6 million shares in

Fig 15:Ridge Exploration Tenements in Queensland

Coltstar following the transaction (approximately 23%). D’Aguilar will be entitled to appoint a Director to the Coltstar Board, and will continue to provide managerial and administrative support to Ridge on commercial terms. The parties are currently expediting the appointment of a Chief Operating Officer for Ridge to lead the further exploration and metallurgical programs.

The necessary due diligence and legal matters that need to be addressed by the parties to finalise the sale of Ridge have taken much longer than initially anticipated however following the approval of the TSX, and then Coltstar shareholders in early December, completion is expected to occur by the end of February 2011.

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During the quarter Archer Resources Limited was formed from the merger of the former 100% D’Aguilar owned subsidiaries Barlyne Mining Pty Ltd and Anduramba Molybdenum Pty Ltd. Archer Resources is focussed on the discovery and development of porphyry copper gold molybdenum deposits in south east Queensland, with six key project areas – Peenam, Gayndah and Calgoa (which already host encouraging drill intersections), Great Blackall and Rawbelle (adjacent to the recent Aussie Q Resources discoveries at Whitewash and Gordons), and Anduramba. The location of the company exploration tenements are shown in map to the right.

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D’Aguilar is currently seeking to appoint a CEO to Archer Resources. A seed capital raising of $2 million will be undertaken during this quarter to progress exploration and allow management to prepare a prospectus for an IPO and ASX listing before June.

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Pic top left: High grade Bornite-Chalcopyrite infilling veins, Calgoa prospect

Pic bottom left: Late vuggy galena sphalerite veins 200m – 500m Hole BARD 1, Gayndah Prospect

Pic above: Pyrite, Chalcopyrite and Magnetite at 149m in Hole PEED1, Peenam Prospect

A C T I V I T I E S R E P O R T F O R T H E D E C E M B E R 2 0 1 0 Q U A R T E R

Corporate Information

DIRECTORS

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

COMPANY SECRETARY

ISSUED CAPITAL

At 31 December 2010, D’Aguilar Gold Ltd had the following securities on issue:

• 322,202,760 ordinary shares

Karl Schlobohm

EXPLORATION MANAGER

Neil Wilkins GENERAL MANAGER

Greg Runge

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 Codes: 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

• 3.0 million (unlisted) options (9¢, 12¢, 15¢) expiring 30/4/11

• 3.0 million (unlisted) 27.5 cents options expiring 30/6/11

• 300,000 (unlisted) 22 cents options expiring 30/6/11

• 16 Million (unlisted) 28 cent options expiring 29 November 2013

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

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.