DGR GLOBAL LIMITED — Management Reports 2009

Dec 3, 2009

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Summary Outline of Main Prospects

Overview

The main prospects of Central Minerals are located in the Rannes Project area in Central Queensland. The district has recorded historical production of gold in excess of 10 million ounces, principally at Mt. Morgan and Cracow.

Following the initial recognition of “Carlin” style mineralization in the Rannes Central area numerous applications for exploration permits were lodged along more than 200 km of the eastern edge of the Bowen Basin (see Figure1).

Four (4) prospects in the Rannes Central area have been subject to first pass drilling – Crunchie, Homestead, Kauffmans and Porcupine – with economic intersections in all four.

Surface soil, stream and rock sampling have already identified a further thirteen (13) gold targets – Soggy, Hogget Hill, Cracklin Rosie, Mt Cooper, Baralaba, Theodore, Scoria, Police Camp, 12 Mile Creek, Bottle Tree Creek, Grantleigh, Stanwell and Stanwell North.

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STANWELL NORT H
ROCKHAMPTONROCKHAMPTONROCKHAMPTONROCKHAMPTON
STANWELL GOLDFIELDSTANWELLSTANWELLSTANWELLSTANWELL CORAL SEA
GRANTLEIGH MT MORGANMT MORGANMT MORGANMT MORGAN
BOWEN BASIN
BOTTLE TREE CREEK
SEDIMENTS 12 MILE CREEK GLGLGLGL [ADSTONE] ADSTONEADSTONEADSTONE
DON NORTH
DON SOUTH > 3 PPB AU IN STREAMS
D'AGUILAR GOLD LTD BARALABA RANNES CENTRALRANNES CENTRALPROSPECTSPROSPECTSRANNES CENTRALRANNES CENTRALPROSPECTSPROSPECTS > 6 PPB AU IN STREAMS
MT COOPER
CENTRAL MINERALS PTY LTD POLICE CAMP CREEK
MOURAMOURAMOURAMOURA BILOELABILOELABILOELABILOELA
RANNES GOLD PROJECT BANANABANANABANANABANANA
S C ORIA
Principal ProspectsPrincipal ProspectsPrincipal ProspectsPrincipal Prospects
THEODORE MONTOMONTOMONTOMONTO
0 45 90 THEODORETHEODORETHEODORETHEODORE
kilometres
MT PERRYMT PERRYMT PERRYMT PERRY
CRACOWCRACOWCRACOWCRACOW MT RAWDONMT RAWDONMT RAWDONMT RAWDON
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Figure 1: Rannes Project Area showing Exploration Tenements and Prospects

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Geological Model

The “Carlin” sediment hosted gold concept as applied to the Central Minerals prospects (see Figure 2) is evident in relatively flat mineralized carbonate sediments revealed in the initial first pass drilling. The assay results reveal medium sulphidation mineralization in younger rocks (Bowen Basin sediments) than in the near vertical low sulphidation environment in older rocks at depth as mined at Cracow.

There is a substantial presence of silver with gold at Crunchie and other prospects, a characteristic of the Carlin Trend in Nevada, USA.

Another feature of the Carlin Trend evident at Rannes is folding and thrust faulting which brings the mineralization back to the surface. Prospects in the Rannes Central area (see Figure 3) clearly show the mineralization sequence repeating, delivering targets for numerous potential open cut mines along fault lines. A typical prospect surface expression is shown in the photograph of the Crunchie Prospect (see Figure 4).

The largest gold provinces in the world are sediment hosted (Witwatersrand in South Africa, Muruntau, Carlin in Nevada, USA, etc) and all results to date suggest that Central Minerals has identified a new sediment hosted gold province in eastern Australia.

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Figure 2: West‐East Cross section of Rannes Central Area Showing Sediment Hosted Gold Model

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SEDIMENTSEDIMENTSEDIMENTSEDIMENT
THRUST FAULTSTHRUST FAULTSTHRUST FAULTSTHRUST FAULTS
kauffmans homestead
cooper RHYOLITE AT DEPTHRHYOLITE AT DEPTHRHYOLITE AT DEPTHRHYOLITE AT DEPTH
double scoop porcupine
m ush y
hogget hill cr un c hie shilo
MT COOPERMT COOPERMTMT C COOPEROOPER
INTRUSIVEINTRUSIVEINTRUSIVEINTRUSIVE soggy
needle
crackling rosie
MT RAMSAY INTRUSIVEMT RAMSAY INTRUSIVEMT RAMSAY INMT RAMSAY INTT RRUUSISIVV EE SOILS > 0.3 PPM AGSOILS > 0.3 PPM AGSOILS > 0.3 PPM AGSOILS > 0.3 PPM AGSOILS > 0.3 PPM AGSOILS > 0.3 PPM AGSOILS > 0.3 PPM AGSOILS > 0.3 PPM AGSOILS > 0.3 PPM AG COMPLEX COMPLEX COMCOMPPLEX LEX
SOILS > 0.7 PPM AGSOILS > 0.7 PPM AGSOILS > 0.7 PPM AGSOILS > 1.5 PPM AGSOILS > 1.5 PPM AGSOILS > 1.5 PPM AGSOILS > 0.7 PPM AGSOILS > 0.7 PPM AGSOILS > 0.7 PPM AGSOILS > 1.5 PPM AGSOILS > 1.5 PPM AGSOILS > 1.5 PPM AGSOILS > 0.7 PPM AGSOILS > 0.7 PPM AGSOILS > 0.7 PPM AGSOILS > 1.5 PPM AGSOILS > 1.5 PPM AGSOILS > 1.5 PPM AG old man THRUST FAULTSTHRUST FAULTSTHRUSTHRUSTT FAU FAULL TSTS
SOILS > 3 PPB AUSOILS > 3 PPB AUSOILS > 3 PPB AUSOILS > 3 PPB AUSOILS > 3 PPB AUSOILS > 3 PPB AUSOILS > 10 PPB AUSOILS > 10 PPB AUSOILS > 10 PPB AUSOILS > 3 PPB AUSOILS > 3 PPB AUSOILS > 3 PPB AUSOILS > 10 PPB AUSOILS > 10 PPB AUSOILS > 10 PPB AUSOILS > 10 PPB AUSOILS > 10 PPB AUSOILS > 10 PPB AU SEDIMENT SEDIMENT SEDIMENT SEDIMENT SEDIMENTS SEDIMENTS SEDIMENTS SEDIMENTS VOLCANICSVOLCANICSVOLCANICSVOLCANICS pinnacles PINNACLESPINNACLESPINNACLESPINNACLES
SOILS > 40 PPB AUSOILS > 40 PPB AUSOILS > 40 PPB AUSOILS > 40 PPB AUSOILS > 40 PPB AUSOILS > 40 PPB AUSOILS > 40 PPB AUSOILS > 40 PPB AUSOILS > 40 PPB AU RHYOLITE INTRUSIVESRHYOLITE INTRUSIVESRHYOLITE INTRUSIVESRHYOLITE INTRUSIVES
quartz mountain
RANNES CENTRAL b rother
PROGRESS police camp
creek
NNNN SEPTEMBER 2009
0 5 10 SILVER - GOLDSILVER - GOLDSILVER - GOLDSILVER - GOLDSILVER - GOLDSILVER - GOLDSILVER - GOLDSILVER - GOLDSILVER - GOLD
STREAM ANOMALIESSTREAM ANOMALIESSTREAM ANOMALIESSTREAM ANOMALIESSTREAM ANOMALIESSTREAM ANOMALIESSTREAM ANOMALIESSTREAM ANOMALIESSTREAM ANOMALIES
kilometres
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Figure 3: Rannes Central Prospects – drilling at Crunchie, Kauffman, Homestead and Porcupine reveals fault repetition of mineralizing sequence

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Figure 4: Drilling at Crunchie – Jasperoid Breccia outcrop in foreground

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Rannes Central Prospects

Plotted in plan and cross‐sectional views, the assay results from initial drilling on Rannes Central Prospects reveal –

• Long economic near surface drill intercepts at Crunchie , Kauffmans , Homestead and Porcupine Pie prospects

• Continuous shoots with economic grades of gold and silver are evident

• The shoots occur in shallow pitching structures that are open at open cut mineable depths

• High grades appear to be continuous, offering potential for future deeper underground mining below developed open pits

• Shoots occur as wide soft zones with good continuity and regular outlines, amenable to development and recovery of ore via relatively cheap bulk open cut methods (see later Figure 5)

Crunchie Prospect

Key drill hole assay results from the Crunchie Prospect are shown in Table 1 below. The drill cross‐sections (refer Figure 5) and Plan (refer Figure 6) demonstrate that the Crunchie deposit has up to 60 metres true thickness and good continuity. The principal geological control appears to be a low angle thrust fault that forms a hanging wall (deposit top surface) which dips northwards. This new geological understanding of the deposit indicates a drill target zone with a length of more than 300 metres and a width of approximately 200 metres. The deposit remains open along strike in both directions and is open at depth.

Drillhole	Easting	Northing	Bearing	Dip	Depth	From	To	Length	Intersecti	Intersection	Intersection
			Degrees	Degrees	(metres)	(metres)	(metres)	(metres)	Assay Au (g/T)	Assay Ag (g/T)	Assay Au+Ag (g/T)*
CRU13	203345	7319439	070	60	78	18	40	22	0.179	41	0.80
CRU14	203251	7319422	000	60	54	0	32	32	1.836	41	2.46
						42	54	12	0.117	37	0.68
CRU15	203306	7319521	000	60	90	10	78	68	1.011	73	2.12
CRU17	203252	7319455	350	60	120	0	16	16	0.569	34	1.08
CRU18	203241	7319514	350	60	101	0	58	58	0.402	52	1.19
						72	98	26	0.393	39	0.98
CRU22	203238	7319499	350	60	120	2	14	12	0.105	32	0.59
						24	70	46	0.233	41	0.85
CRU23	203332	7319543	350	60	114	100	106	6	0.530	68	1.56
CRU24	203335	7319507	350	60	87	40	76	36	1.108	77	2.27
CRU25	203339	7319413	350	60	120	28	40	12	0.015	52	0.80
CRU27	203245	7319583	350	60	91	46	76	30	1.37	81	2.60
CRU28	203247	7319553	350	60	91	4	28	24	0.58	56	1.43
						40	82	42	0.30	64	1.27
CRU35	203363	7319466	350	60	80	0	32	32	1.39	103	2.95

• refer footnote for gold equivalent (Au Eq)

Table 1: Drill hole assay results – Crunchie Prospect

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SOUTH NORTH
OUTLINES OF GOLD - SILVER
MINERALISATION > 0.3 G/T EQ. CGD 2 POSN APPROXIMATE
( FROM REPORTS )( FROM REPORTS )( FROM REPORTS )( FROM REPORTS )( FROM REPORTS )( FROM REPORTS )
17 22 18 28 27 33
20 19
14
ALTERED
SEDIMENTS
50 M50 M50 M50 M
?
SEDIMENTS
? GOLD SILVER INTERSECTION
100 M100 M100 M100 M
DEEPER GOLD SILVER REPORTED 11M @ 3 G/T
TARGET
??????
THRUST
VOLCANICS - TUFFS ? FAULT
??????
CRUNCHIE SECTION 203250 E
GEOLOGY AND > 0.3 G/T AU EQ OUTLINES
50 M
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Figure 5: Crunchie Prospect , North South Cross‐Section (viewed from the east)

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203150E 203250E 203350E
SECTION SHOWN
IN FIG. 5
CRUNCHIE PROSPECT
DRILLPLAN NOVEMBER 08
GEOLOGICAL INTERPRETATION GOLD SILVER MOLYBDENUM
PITCHES NORTH NORTH WEST
UNDER THE THRUST FAULT
VOLCANICS
THRUST FAULT
FORMING A HANGING WALL
TO THE MINERALISATION 7319500 N
JASPEROID
SEDIMENTS BRECCIA FLOAT VOLCANICS
7319400 N
SECTIONSECTIONSECTIONSECTION
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Figure 6: Drilling Plan – Crunchie Prospect, Rannes Central area

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Kauffmans Prospect

The Kauffmans drilling was designed to test for a south‐westerly extension to the initial discovery intersection in Hole KAU 6. The results have confirmed continuity of this deposit to the southeast, within the limestone – tuff sequence with a higher grade (molybdenum rich) zone that appears to be continuous. The assay results for all holes at Kauffmans that carry gold and silver mineralisation are shown in the following Table 2, with the Drill hole locations shown on the plan Figure 7, and plotted on the cross‐section Figure 8.

Drillhole	Easting	Northing	Bearing Degrees mag	Dip Degree s (	Depth metres)	From (metres)	To (metres)	Length (metres)	Intersection Assay Au (g/T)	Intersection Assay Ag (g/T) Moppm	Intersection Assay Au+Ag (g/T)*
KAU4A	20619	7321758	350	60 9	0	42	60	18	0.47	4	0.53
						74	86	12	0.56	6	0.65
KAU6	205985	73218775	350	60 8	4	26	66	40	1.69	25	2.07
Incl						50	54	4	6.35	36 440	6.90
KAU7	205947	7321926	170	60 9	0	46	52	6	1.15	3	1.20
KAU36	205985	7321829	350	60 1	20	10	28	18	1.69	7	1.80
						82	96	14	3.7	29	4.14
Incl						82	90	8	4.73	39 90	5.32
KAU38	205906	7321817	350	60 1	20	58	64	6	0.81	5	0.89
KAU39	205940	7321832	350	60 1	20	74	90	16	0.58	8	0.70

• refer footnote for gold equivalent (Au Eq)

Table 2: Assay Results – Kauffmans Prospect

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SOIL AU > 80 PPBSOIL AU > 80 PPBSOIL AU > 80 PPBSOIL AU > 80 PPB
KAUFFMANS
SOIL AU SOIL AU SOIL AU SOIL AU
> 200 PPB> 200 PPB> 200 PPB> 200 PPB 7777
46-52M46-52M46-52M46-52M 26-66M 40M @ 1.65 AU26-66M 40M @ 1.65 AU26-66M 40M @ 1.65 AU26-66M 40M @ 1.65 AU
6M6M66M @ 1.15M @ 1.15 @ 1.15 @ 1.15 A A A A UUUU
74-90M74-90M74-90M74-90M 6666 82-96M 182-96M 182-96M 182-96M 137373737 2M2M22 M @ 3.7 AUM @ 3.7 AU @ 3.7 AU @ 3.7 AU
16M @ 0.58 AU16M @ 0.58 AU16M @ 0.58 AU16M @ 0.58 AU PITCH OF HIGH GRADESPITCH OF HIGH GRADESPITCH OF HIGH GRADESPITCH OF HIGH GRADES
58-64M58-64M58-64M58-64M
6M @ 0.81 AU6M @ 0.81 AU6M @ 0.81 AU6M @ 0.81 AU39393939 10-28M10-28M10-28M10-28M [18M @ 1.69 AU] 18M @ 1.69 AU18M @ 1.69 AU18M @ 1.69 AU
36363636
38383838 KAUFFMANS DRILLPLANKAUFFMANS DRILLPLANKAUFFMANS DRILLPLANKAUFFMANS DRILLPLAN
74-86M 12M @ 0.56 AU74-86M 12M @ 0.56 AU74-86M 12M @ 0.56 AU74-86M 12M @ 0.56 AU
42-60 18M @ 0.47 AU42-60 18M @ 0.47 AU42-60 18M @ 0.47 AU42-60 18M @ 0.47 AU
555555 4A4A4A4A 4444 0 45 90
metres
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Figure 7: Drilling Plan ‐ Kauffmans

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SOUTH 7321800N 7321900N NORTH
MAX AU
IN SOILS 140M ELEV
6
4 4A 36
> 0.3 G/T AU
18M @ 1.69 AU
4A AND 4
38M @ 1.78 AU 25 AG
40M OFF SECTION
INCL
18M @ 0.47 AU 4M @ 6.35 AU 36 AG 440 MO
> 3.0 G/T AU
12M @ 3.7 AU 29 AG
12M @ 0.56 AU INCL
4M @ 6.0 AU 61 AG 150 MO
040M ELEV
SHOOT TRENDS THROUGH
KAUFFMANS THE PLANE OF THIS SECTION
TO THE SOUTHEAST
SECTION 205985 EAST AND DOWNWARDS
LOOKING WEST
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Figure 8: North South Cross‐Section, Kauffmans Prospect

Homestead Prospect

Assays from the most recent drilling verify the postulated southwest pitching deposit to the south of the initial drilling at Homestead. Good grades have been encountered in the centre of this shoot (14 metres @ 4.46 g/t Au and 54 g/t Ag) over what is close to a true width. The assays of mineralized holes drilled at Homestead are shown in Table 3 below, with the drill hole locations shown on the plan Figure 9, and plotted on the cross‐section Figure 10.

Drillhole	Easting	Northing	Bearing Degrees mag	Dip Degrees	Depth (metres)	From (metres)	To (metres)	Length (metres)	Intersection Assay Au (g/T)	Intersection Assay Ag (g/T) Moppm	Intersection Assay Au+Ag (g/T)*
HOM11**	205529	7322225	170	60	108	18	72	54	0.41	8	0.53
HOM11A**	205535	7322219	350	60	67	0	12	12	0.96	13	1.16
						40	50	10	1.09	13	1.29
HOM41**	205525	7321948	050	60	120	72	80	8	1.32	39	1.91
HOM43**	205537	7322171	350	60	100	32	62	30	2.4	33	2.90
incl						32	46	14	4.46	54 100	5.28
HOM44**	205538	7322128	350	60	120	70	86	16	1.18	12.5	1.40
HOM47	205540	7322100	80	60	85	62	64	2	3.5	21 300	3.82
HOM50	205606	7322005	260	60	91	44	48	4	1.24	3	1.29

• refer footnote for gold equivalent (Au Eq)

Table 3: Assay Results – Homestead Prospect

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Figure 9: Drilling Plan, Homestead Prospect

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SOUTH NORTH
7321800N 7321900N
46 44 43 11A 140M ELEV
6M @ 0.96 AU 13 AG6M @ 0.96 AU 13 AG6M @ 0.96 AU 13 AG6M @ 0.96 AU 13 AG
> 0.3 G/T AU> 0.3 G/T AU> 0.3 G/T AU> 0.3 G/T AU
> 3.0 G/T AU> 3.0 G/T AU> 3.0 G/T AU> 3.0 G/T AU
30M @ 2.4 AU 31 AG30M @ 2.4 AU 31 AG30M @ 2.4 AU 31 AG30M @ 2.4 AU 31 AG
INCLINCLINCLINCL
14M @ 4.46 AU 54 AG14M @ 4.46 AU 54 AG14M @ 4.46 AU 54 AG14M @ 4.46 AU 54 AG
SHOOT PASSESSHOOT PASSESSS TT ASAS
THROUGH THE SECTIONTHROUGH THE SECTIONTT HEHE CTCT
DOWNWARDS TODOWNWARDS TODOWDOW ARAR SS
THE SOUTHWESTTHE SOUTHWESTTT SOUTSOUT EE 16M @ 1.44 AU16M @ 1.44 AU16M @ 1.44 AU16M @ 1.44 AU 12.5 AG12.5 AG12.5 AG12.5 AG
INCLINCLINCLINCL
2M @ 8.2 AU 7 AG2M @ 8.2 AU 7 AG2M @ 8.2 AU 7 AG2M @ 8.2 AU 7 AG
040M ELEV
HOMESTEAD
SECTION 205535 EAST
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Figure 10: North South Cross‐Section, Homestead Prospect

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Porcupine Prospect

Five holes have been drilled at Porcupine Pie where intersections of up to 128 metres @ 1.15 g/t Au have been encountered by a previous explorer. These earlier intersections were about 50 – 100 metres north of the Central drill sites and were not repeated, but the three holes that intersected gold have an average weighted grade of 1.4 g/t Au over a thickness of 18 metres. The key assay results for drilling to date at Porcupine Pie are shown in Table 4 below, with the drill hole locations shown on plan Figure 11. Further drilling is necessary before a cross‐section can be drawn.

Drillhole	Easting	Northing	Bearing Degrees Mag	Dip Degrees	Depth (m)	From (m)	To (m)	Length (m)	Intersection Assay Au (g/T)	Intersection Assay Ag (g/T)	Intersection Assay Au+Ag (g/T)*
POR01	208108	7320964	350	60	157	32	38	6	0.80		0.80
						63	90	28	0.52	11	0.69
POR02	208143	7320965	350	60	138	18	36	18	0.65	8	0.77
POR03	208185	7320964	350	60	102	4	12	8	6.23	5.9	6.32

• refer footnote for gold equivalent (Au Eq)

Table 4: Assay Results, Porcupine Pie Prospect

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BLIND INTERSECTIONS > 100M @ 1.0 G/T AUBLIND INTERSECTIONS > 100M @ 1.0 G/T AUBLIND INTERSECTIONS > 100M @ 1.0 G/T ABLIND INTERSECTIONS > 100M @ 1.0 G/T AUU
REPORTED PREVIOUSLY IN REPORTED PREVIOUSLY IN THIS AREAREPORTED PREVIOUSLY IN REPORTED PREVIOUSLY IN THIS AREA TT HIS AREAHIS AREA
SHOOT NOT TESTEDSHOOT NOT TESTEDSHOOT NOT TESTEDSHOOT NOT TESTED
IN 2008IN 2008IN 2008IN 2008
> 200 PPB AU> 200 PPB AU> 200 PPB AU> 200 PPB AU > 20 PPB AU> 20 PPB AU> 20 PPB AU> 20 PPB AU
silicified sediments and volcanicssilicified sediments and volcanicssilicified sediments and volcanicssilicified sediments and volcanics MASSIVE
SULPHIDES
( BARREN )
> 100 PPB AU> 100 PPB AU> 100 PPB AU> 100 PPB AU 75 - 79M
4M @ 0.97 G/T AU
62 - 90M 7321000N7321000N7321000N7321000N
28M @ 0.52 G/T AU pitch
PORCUPINE PIEPORCUPINE PIEPORCUPINE PIEPORCUPINE PIE 32 - 38M32 - 38M32 - 38M6M @ 0.8 G/T AU6M @ 0.8 G/T AU6M @ 0.8 G/T AU32 - 38M32 - 38M32 - 38M6M @ 0.8 G/T AU6M @ 0.8 G/T AU6M @ 0.8 G/T AU32 - 38M32 - 38M32 - 38M6M @ 0.8 G/T AU6M @ 0.8 G/T AU6M @ 0.8 G/T AU 18M @ 0.65 G/T AU18M - 36M 4 - 12M8M @ 6.23 G/T AUPOR4 POR5
POR1 POR2
LATE 2008LATE 2008LATE 2008LATE 2008 POR3
DRILLINGDRILLINGDRILLINGDRILLING PITCH OF HIGH GRADES ?PITCH OF HIGH GRADES ?PITCH OF HIGH GRADES ?PITCH OF HIGH GRADES ?
NORTHNORTHNORTHNORTHNORTHNORTH volcanicsvolcanicsvolcanicsvolcanics
0 50 100
208000E208000E208000E208000E
metres
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Figure 11: Drilling Plan, Porcupine Pie Prospect

Other Projects and Prospects

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The Clermont goldfield in Central Queensland has a long history as a significant producer of alluvial gold, however previous explorers have been deterred from actively seeking the source of the original mineralization due to the local topography – flat lying black soil plains, with no apparent outcrop. Central Minerals secured exploration tenements in the area and has reassessed historical data bases. Combined with the most advanced geophysical and geochemical exploration techniques now available, the Company has identified target areas which were sufficiently developed to allow first pass blind reconnaissance drilling to commence in August 2008. An initial fifteen (15) hole program was completed, and assay results analysed.

The main prospect drilled is called Niagara , and as shown on Figure 12 (radiometric background) is located on the edge of a large buried granite body north east of the historic Miclere alluvial gold field. This first drilling program at Clermont was designed to find new areas of gold mineralization under cover, and was successful in that regard. Figure 13 indicates that a new poorly defined, non‐outcropping goldfield has been located about 8 km north east of the Miclere field. With further exploration and drilling the potential exists to locate better substantial grades nearby (associated with the large granite intrusive).

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Figure 12: Location of the Niagara Prospect – Clermont Project

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Figure 13: First pass drilling results Niagara Prospect, Clermont Project area

Next Steps and Forward Outlook

Central Minerals Rannes Project will be advanced by extensive drilling programmes on the Crunchie, Kauffmans, Homestead and Porcupine Pie Prospects to drill out the prospects to provide a JORC compliant resource estimate.

Initial first pass drilling is also required on the other thirteen (13) identified hot targets and others that will become evident from current field exploration programmes. It can be expected that several of these targets will subsequently progress to drill out for a resource estimate.

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Footnote - 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:

1 troy ounce (oz) =	1 troy ounce (oz) =	31.103477 grams (gm)	31.103477 grams (gm)
Metal*	Prices (US$) 4 Dec09outlook	Units	Price (US$) per gram (gm)	Ratio	Today’s Spot Prices for comparison ratio 65.8
Ag	$19.08	/ troy ounce	$0.61 / gm	64	US$19.08/oz
Au	$1216	/ troy ounce	$39.05 / gm	1	US$1216/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 / 66

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 80%.

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.

For further information contact:

Mr Nicholas Mather Managing Director D’Aguilar Gold Limited

Mr Greg Runge

General Manager D’Aguilar Gold Limited

Ph: 07 3303 0680 or 0417 880 448

Ph: 07 3303 0680 or 0418 546 739

Email: info@daguilar.com.au

More information is available on the Company website: www.daguilar.com.au

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