DGR GLOBAL LIMITED — M&A Activity 2021

Mar 11, 2021

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DGR Global Limited

12 March 2021

Auburn Resources Limited

Agreement Execution for Acquisition of Ripple Resources Pty Ltd

The Board of Directors of DGR Global Limited ( DGR , the Company, ASX:DGR) is pleased to advise that the Share Acquisition Agreement has been executed between public, unlisted Auburn Resources Limited ( Auburn ) and Armour Energy Limited ( Armour , ASX: AJQ) for the acquisition of Armour’s wholly owned subsidiary, Ripple Resources Pty Ltd ( Ripple ) by Auburn. Ripple currently holds a number of mineral exploration tenements in Queensland and the Northern Territory considered to be prospective for zinc, lead, and gold.

Under the Agreement, in consideration for the allotment of 5,600,000 fully paid ordinary Auburn shares, Armour will transfer its legal, beneficial, and unencumbered interest in 100% of the shares in Ripple to Auburn. Immediately following the allotment, Armour will hold approximately 12.5% of Auburn. Completion is expected to occur in April 2021.

Auburn, which will be approximately 39% owned by DGR Global after completion of the transaction, holds interests in a range of mineral projects in Queensland and the Northern Territory prospective for zinc, copper, gold, lead, cobalt, and nickel. Auburn holds an extensive zinc-copper-gold focused exploration position in Northern Queensland and the Northern Territory, and the acquisition of Ripple’s tenement holdings is considered complementary to Auburn’s existing tenement holdings in the same states (refer Figure 1 below). The parties have agreed to include overlapping tenure arrangements, where relevant, to ensure the Armour’s rights of access and development for hydrocarbon deposits are preserved.

Commenting on the announcement, DGR Global’s General Manager, John Bierling said: “Execution of the share acquisition agreement of Ripple Resources by Auburn and its completion in due course, represents a strong addition to the Auburn asset portfolio and is a highly complementary and logical fit for Auburn, enhancing Auburn’s diversified commodity portfolio, across a number of deposit types.

These are exciting project additions, and the acquisition provides a unique opportunity to add further value and significant prospectivity to Auburn. We look forward to commencing exploration and realising value from these projects at the earliest opportunity.

With the initial asset portfolio now nearing completion, our attention is now squarely focussed on progressing Auburn’s IPO plans for ASX listing in 2021, subject to market conditions.”

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

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

Email: info@dgrglobal.com

Twitter: @DGRGlobal

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For further information contact: Mr Nicholas Mather Karl Schlobohm Sarah Schuiringa Managing Director Company Secretary Marketing / PR Ph: 07 3303 0680 Ph: 07 3303 0680 Ph: 07 3303 0680

About DGR Global Limited

DGR Global’s business is the creation of resource exploration development and mining companies. The business uses the skills of a core team of talented geoscientists to identify resource projects capable of yielding world class discoveries of attractive commodities.

This is achieved through:

• The identification of commodities with a favorable 20 year price outlook.

• Geological terranes with:

• A demonstrated strong endowment for that commodity;

• An under-explored history;

• Opportunity for the application of recently developed exploration techniques;

• Jurisdictions with improving socio-economic and regulatory frameworks;

• Extensive available tenures.

DGR provides initial seed funding and management support to secure assets in subsidiaries and develop these assets to more advanced funding stages. The Company has a pipeline of projects in daughter companies at various stages of emergence, and in 2015 crystalised a significant return through the sale of its 15% holding in Orbis Gold for $26million. Further development of its holdings in LSE and TSX-listed SolGold and AIM-listed IronRidge Resources, ASX-listed AusTin Mining, New Peak Metals and Armour Energy, and unlisted Auburn Resources and Armour Energy Uganda, are expected over the coming years.

Get Regular News from DGR Global on Social Media

As a valued shareholder, you can now stay up to date of forces influencing the value of your investment in DGR Global by following us on Twitter. We regularly post information about the operations of us and the DGR companies as well as what is happening in our sectors around Australia and around the world - with links to documents in the media, brokers, and other authoritative sources so you can stay up to date. As well, our posts on Twitter will alert you to our latest ASX announcements. Join the hundreds who follow us on Twitter @DGRGlobal . We've also added to our website a corporate newsroom with monthly news flow concerning DGR and the DGR sponsored companies. Located under News Bank in the investor section of the DGR website: www.dgrglobal.com.au

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Figure 1 – Auburn’s Project Portfolio in Queensland and the Northern Territory inclusive of Ripple Resources tenements

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Figure 2 – Auburn’s Project Portfolio by commodity and deposit type in Queensland and the Northern Territory inclusive of Ripple Resources tenements