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Dna inves pre_november_2011

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  • 1. A Golden Opportunity In Northern Ireland Curraghinalt Deposit Investor Presentation November 2011 Patrick F. N. Anderson Chairman and Chief Executive Officer
  • 2. Forward-Looking Information and Qualified PersonThis presentation contains “forward‑looking information” which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company, andits mineral project, the future price of metals, the estimation of mineral resources, the realization of mineral resource estimates, the timing and amount of estimated future production, costs ofproduction, capital, operating and exploration expenditures, costs and timing of the development of new deposits, costs and timing of future exploration, requirements for additional capital,government regulation of mining operations, environmental risks, reclamation expenses, title disputes or claims and limitations of insurance coverage. Often, but not always, forward‑lookingstatements can be identified by the use of words and phrases such as “plans,” “expects,” “is expected,” “budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates,” or “believes” orvariations (including negative variations) of such words and phrases, or state that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved.Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are based on various assumptions such as continuedpolitical stability in Northern Ireland, that permits required for the company s operations will be obtained in a timely basis in order to permit the company to proceed on schedule with itsplanned drilling programs, that skilled personnel and contractors will be available as the company s operations continue to grow, that the price of gold will beat levels that render the projecteconomic, or that the company will be able to continue raising the necessary capital to finance its operations and realize on mineral resource estimates.Forward‑looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to bematerially different from any future results, performance or achievements expressed or implied by the forward‑looking statements. Such factors include, among others, general business,economic, competitive, political and social uncertainties; the actual results of current exploration activities; actual results of reclamation activities; conclusions of economic evaluations;changes in project parameters as plans continue to be refined; future prices of metals; possible variations of ore grade or recovery rates; failure of plant, equipment or processes to operateas anticipated; accidents, labour disputes and other risks of the mining industry; political instability; delays in obtaining governmental approvals or financing or in the completion ofdevelopment or construction activities, as well as those factors discussed in the section entitled “Risk Factors” in the company’s Annual Information Form.Although the company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward‑looking statements,there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward‑looking statements contained herein are made as of the dateof this presentation and the company disclaims any obligation to update any forward‑looking statements, whether as a result of new information, future events or results, except as may berequired by applicable securities laws. There can be no assurance that forward‑looking statements will prove to be accurate, as actual results and future events could differ materially fromthose anticipated in such statements. Accordingly, readers should not place undue reliance on forward‑looking statements.The technical data in this presentation was taken from the technical report entitled “A Mineral Resource Estimate for the Curraghinalt Gold Deposit and a Review of a Proposed ExplorationProgram for the Tyrone Project, County Tyrone and County Londonderry, Northern Ireland dated May 10, 2010, prepared by B. Terrence Hennessey, P.Geo., and Dibya KantiMukhopadhyay, M.Sc., MAusIMM, of Micon International Limited (the Technical Report ).Garth Earls, Eur Geol, Managing Director, Dalradian Gold Limited, is the Qualified Person who supervised the preparation of the technical data in this presentation.2
  • 3. Why Invest?•  High-grade 1.5MM ounce gold resource (all categories) 1 •  Inferred: 1.16 million – 14.64 g/t Au •  Indicated: 400,000 – 13.24 g/t Au•  6 drills turning •  Focus on resource expansion and confirmation •  Resource update planned for Q4 2011•  84,000 ha property •  19 regional targets identified •  Exploration drilling underway•  Low political risk •  Northern Ireland open for business and resource friendly•  Experienced management and board •  Track record of discovery and development•  Well funded •  Approximately $25 million in cash as at August 10, 2011 •  Management owns > 8% as at October 4, 2011 1 Please see the technical report for additional details3
  • 4. Corporate Information•  TSX: DNA•  IPO issue price: $1.50/share•  Shares outstanding – 70.4 million•  Fully diluted – 76.3 million•  Market cap: $159 million as at Oct. 28, 2011•  Average volume (30 day): 123,493•  Stock price at market close Oct. 28, 2011 - $2.25•  52 Week Range: $2.52 - $1.27•  Analyst coverage –  GMP: Andrew Mikitchook As at October 28, 2011 –  Clarus: Jamie Spratt4
  • 5. Board:A Track Record of Discovery and DevelopmentPatrick F. N. Anderson Keith D. McKayChairman and Chief Executive Officer Chief Financial OfficerFormer CEO of Aurelian Resources Inc. Former CFO of Aurelian Resources Inc.Also Director of Colossus Minerals Inc., And Director of Noront Resources Ltd.Malbex Resources Inc. and Continental GoldLimited Thomas J. Obradovich Former CEO of Young-Davidson Mines Ltd.Colin K. Benner Former Director of Aurelian Resources Inc.Chairman of Capstone Mining Corp., Chairman of Lago Dourado Minerals Ltd.Creston Moly Corp., and Corsa Capital Ltd. Sean E. O. RoosenJoseph F. Conway CEO of Osisko Mining CorporationCEO of Primero Mining Corp. Also Director of Rio Novo Gold Inc. andFormer CEO of IAMGOLD Corporation Bowmore Exploration Ltd.Ronald P. Gagel Ari B. SussmanFormer SVP and CFO of FNX Mining Company Inc. Chairman and CEO of Colossus Minerals Inc.Also Director of Adriana Resources Inc. and CEO of Continental Gold LimitedStonegate Agricom Ltd.5
  • 6. Exploring Northern Ireland•  Devolved government within the United Kingdom•  Currency: pound sterling•  Population: approximately 1.8 million•  The government of Northern Ireland recently invested millions of pounds in geological surveys to attract investment Tellus Project6
  • 7. Northern Ireland: Developing Resources U.K. Curraghinalt•  Excellent regional Deposit infrastructure Lonmin•  Our flagship asset is the NORTHERN Curraghinalt mesothermal IRELAND high grade gold deposit Irish Salt Gortin Rousky Mining•  Over 84,000 hectares under Cavanacaw exploration Galantas Gold Omagh BELFAST•  Potential exists for further precious and base metals deposits Conroy Diamonds & Gold In production Exploring for Platinum and Extensive since late gold along a palladium underground 2007 50 km trend exploration mining7
  • 8. Active Resource Industry in County TyroneThere are approximately 150 open cast operations in Northern Ireland Curraghinalt Deposit NORTHERN IRELAND8
  • 9. Curraghinalt: Open Along Strike•  September 6, 2011 – Drilling at Curraghinalt intersects 8.34 metres of 5.84 g/t gold and 3.2 metres grading 5.34 g/t gold. Additional parallel veins discovered to the South of the deposit.•  June 8, 2011 – Drilling at Curraghinalt intersects 2.06 metres of 111.6 g/t gold and 1.11 metres grading 26.84 g/ t gold•  April 7, 2011 – Hole 11- CT-85 cut 2.54 metres of 20.61 g/t gold•  February 28, 2011 – Hole 10- CT-76 cut 2.74 metres of 15.27 g/t gold•  December 2, 2010 – Hole 10- CT-73 cut 1.83 metres of 37.41 g/t gold•  October 14, 2010 –Two new parallel veins discovered 9
  • 10. Veins open at depth•  Longer holes intercept as many as nine veins•  Proximity favourable for shared infrastructure 385,800mN 386,000mN 386,200mN 386,400mN 386,600mN 386,800mN E E 89 T- -C 11 200mMSL 200mMSL 0mMSL 0mMSL -200mMSL -200mMSL Curraghinalt Deposit E - E Date:07/06/2011 (Section 257050E) Legend Author: Dalradian Office: Gortin Intercepts reported as: Planned drillhole Shear zone Drawing: SC True width (m), Au grade (g/t) Scale: 1:4000 Projection: Non-Earth (meters) Drillhole Vein (projected) complete/active -400mMSL -400mMSL 0 25 50 100 Reported drillhole Vein (intersected) metres 386,000mN 386,200mN 386,400mN 386,600mN10
  • 11. 3D Schematic of Veins & Adit: Looking West11
  • 12. Long Section – T17 Vein 256600 E 256800 E 257000 E 257200 E 257400 E 257600 E 257800 E 258000 E 258200 E 258400 E 400 400 300 300 200 200 100 100 11-CT-98 0.97 0 14.05 0 -100 -100 11-CT-99 -200 -200 2.70 5.34 -300 -300 11-CT-90 0.65 F*-##0"#$:%-;%/0-:%B*$::%*$#$5:$ F*-##0"#$:%"/:-.$%*$:"*<$ 33.85 1<".$.%)G%6*5(:%B$*%($/$*2 1<".$.%)G%6*5(:%B$*%($/$*2 -400 !"#$%&()$* 4*5(:%B$*%($/$*%4"#. -400 +*$%,-./0%1(2% 3%4*5.$%167/2 H%I I%?%@A 8*$9-":%.*-##0"#$:%-;%*$:"*<$ @A%?%@I -500 JK%@I -500 8#5;;$.%.*-##0"#$: -600 =>?@A@%*$B"*/$.%C;.-<5/$.%D$:"*<$:% -600 =>?@A@%*$B"*/$.%C;E$**$.%D$:"*<$: West East Projection -700 -700 Curraghinalt Deposit Section Northing: 386350 -800 -800 256600 E 256800 E 257000 E 257200 E 257400 E 257600 E 257800 E 258000 E 258200 E 258400 E T17 Vein Scale 1:7000 Date: 30/08/11 -900 -90012
  • 13. Long Section – No. 1 Vein 500 256200 E 256400 E 256600 E 256800 E 257000 E 257200 E 257400 E 257600 E 257800 E 500 258000 E 400 400 300 300 200 200 11-CT-95 100 100 0.28 21.52 0 0 11-CT-94 7.54 -100 5.84 -100 -200 -200 F*-##0"#$:%-;%/0-:%B*$::%*$#$5:$ F*-##0"#$:%"/:-.$%*$:"*<$ 1<".$.%)G%6*5(:%B$*%($/$*2 1<".$.%)G%6*5(:%B$*%($/$*2 -300 !"#$%&()$* 4*5(:%B$*%($/$*%4"#. -300 +*$%,-./0%1(2% H%I 3%4*5.$%167/2 I%?%@A 8*$9-":%.*-##0"#$:%-;%*$:"*<$ @A%?%@I -400 JK%@I -400 8#5;;$.%.*-##0"#$: =>?@A@%*$B"*/$.%C;.-<5/$.%D$:"*<$:% -500 -500 =>?@A@%*$B"*/$.%C;E$**$.%D$:"*<$: West East Projection -600 -600 Curraghinalt Deposit Section Northing: 386200 -700 -700 256200 E 256400 E 256600 E 256800 E 257000 E 257200 E 257400 E 257600 E 257800 E 258000 E No.1 Vein Scale 1:7000 Date: 30/08/11 -800 -80013
  • 14. Curraghinalt Trend•  Glaciated terrain with minimal outcrop•  Drilling is primary exploration tool14
  • 15. 19 Target Areas – 3 Exploration Trends  15
  • 16. 16
  • 17. Dalradian: A Golden Opportunity in Northern Ireland•  Initial strategy is to explore and develop Curraghinalt mesothermal gold deposit in Northern Ireland•  Resource update in Q4 2011•  Dalradian is exploring additional targets on its approximately 84,000-hectare Tyrone Project•  Well funded to execute on strategy17
  • 18. Appendix18
  • 19. Curraghinalt NI 43-101 Technical Report•  Prepared by Micon International Limited•  Dated May 10, 2010•  Updated from November 2007 and reflects revised gold price Curraghinalt Mesothermal Gold Deposit Indicated 0.95 MT @ 13.24 g/t Au for 0.4 million contained ounces with an average width of 1.35 m Inferred 2.46 MT @ 14.64 g/t Au for 1.16 million contained ounces with an average width of 1.18 m Notes: §  Subject to a 2% NSR royalty to Minco Plc and a 4% royalty to the Crown Estate on silver and/or gold production §  Assumes US$900/oz and an economic cut-off grade of 5 g/t Au over a minimum thickness of 0.10 metres, diluted to 1 metre at 0 grade §  Using a cut-off grade of 5 g/t §  All veins less than 10 cm were excluded §  Width or vein thickness is measured at 90 degrees to the vertical §  "Vein thickness" refers to a zone of grade and may not be 100 per cent vein material §  Please see "A Mineral Estimate for The Curraghinalt Gold Deposit and A Review of a Proposed Exploration Program for the Tyrone Project, County Tyrone and County Londonderry, Northern Ireland" dated May 10, 2010 and available at www.dalradian.com19
  • 20. Multiple High Grade Gold Veins – 43-101Name Width Grade DepthSheep Dip Vein 1.1 m 29.3 g/t 149.6 m 1.3 m 31.4 g/t 36.1 mMullen Vein 1.0 m 19.3 g/t 274.0 m 1.3 m 19.6 g/t 49.9 mT-17 HW Vein 4.1 m 42.7 g/t 42.9 m 1.6 m 56.3 g/t 416.2 mT-17 Vein 3.4 m 68.1 g/t 39.6 m 1.5 m 27.0 g/t 107.0 mNo. 1 Vein 2.0 m 48.7 g/t 77.0 m 1.3 m 65.7 g/t 159.8 m106-16 Vein 2.0 m 24.0 g/t 41.5 m 3.3 m 16.9 g/t 615.7 mRoad Cut Vein 1.6 m 14.1 g/t 55.5 m 1.2 m 13.9 g/t 123.1 m20
  • 21. Cross-section A to A 385,800mN 386,000mN 386,200mN 386,400mN 386,600mN 386,800mN 200mMSL 95 T- 200mMSL -C 11 0.28m @ 21.5 2 g/t 0mMSL 0mMSL Hole in progress -200mMSL -200mMSL 517.00m E.O.H. Dalradian Resources Hole in progress Curraghinalt Deposit Date:30/08/2011 Figure 3: A - A Author: Dalradian (Section 256685E) Legend Office: Gortin Intercepts reported as: Drawing: KB True width (m), Au grade (g/t) Planned drillhole Shear zone Scale: 1:4000 Projection: Non-Earth (meters) -400mMSL Drillhole Vein (projected) -400mMSL complete/active Reported drillhole Vein (intersected) 386,000mN 386,200mN 386,400mN 386,600mN21
  • 22. Cross-section B to B 385,600mN 385,800mN 386,000mN 386,200mN 386,400mN 386,600mN 386,800mN 387,000mN 387,200mN B B 200mMSL 200mMSL 0mMSL 0mMSL -200mMSL -200mMSL -400mMSL -400mMSL -600mMSL -600mMSL Curraghinalt Deposit Figure 4: B - B Date:30/08/2011 (Section 257280E) Author: Dalradian Legend Office: Gortin Intercepts reported as: -800mMSL True width (m), Au grade (g/t) Planned drillhole Shear zone Drawing: KB Scale: 1:7000 Projection: Non-Earth (meters) -800mMSL Drillhole Vein (projected) complete/active 0 75 150 300 Reported drillhole Vein (intersected) metres 385, 600mN 385,800mN 386,000mN 386,200mN 386,400mN 386,600mN 386,800mN 387,000mN 387, 200mN22
  • 23. Cross-section C to C 385,400mN 385,600mN 385,800mN 386,000mN 386,200mN 386,400mN 386,600mN 386,800mN 387,000mN 387,200mN C C 94 CT - 11- 200mMSL 7b -9 200mMSL T -C 11 0mMSL 0mMSL -200mMSL -200mMSL -400mMSL -400mMSL -600mMSL -600mMSL Dalradian Resources Curraghinalt Deposit Date:30/08/2011 Figure 5: C - C (Section 257470E) Author: Dalradian Legend Office: Gortin Intercepts reported as: True width (m), Au grade (g/t) Planned drillhole Shear zone -800mMSL Drawing: KB Scale: 1:7000 Projection: Non-Earth (meters) Drillhole Vein (projected) -800mMSL complete/active 0 75 150 300 Reported drillhole Vein (intersected) metres 385,600mN 385,800mN 386,000mN 386,200mN 386,400mN 386,600mN 386,800mN 387,000mN23
  • 24. Cross-section D to D 385,400mN 385,600mN 385,800mN 386,000mN 386,200mN 386,400mN 386,600mN 386,800mN 387,000mN 387,200mN D 8 D 9 T- -C 200mMSL 11 200mMSL 0mMSL 0mMSL -200mMSL -200mMSL -400mMSL -400mMSL Hole in progress 1005.00 E.O.H. -600mMSL -600mMSL Planned hole -800mMSL -800mMSL Curraghinalt Deposit Figure 6: D - D Date:30/08/2011 (Section 257680E) Author: Dalradian Legend Office: Gortin Intercepts reported as: Planned drillhole Shear zone Drawing: KB True width (m), Au grade (g/t) -1,000mMSL Scale: 1:8000 Projection: Non-Earth (meters) Drillhole Vein (projected) -1,000mMSL Planned hole complete/active 0 75 150 300 Reported drillhole Vein (intersected) metres 385,400mN 385,600mN 385,800mN 386,000mN 386,200mN 386,400mN 386,600mN 386,800mN 387,000mN24
  • 25. Cross-section E to E 385,400mN 385,600mN 385,800mN 386,000mN 386,200mN 386,400mN 386,600mN 386,800mN 387,000mN 387,200mN 6 1 1 - C T- 9 E 92 E T- -C 11 200mMSL 200mMSL 0mMSL 355.00 E.O.H. 0mMSL 469.00 E.O.H. -200mMSL Planned hole -200mMSL -400mMSL -400mMSL Planned hole -600mMSL -600mMSL Planned hole -800mMSL Dalradian Resources Curraghinalt Deposit -800mMSL Figure 7: E - E Date:.30/08/2011 (Section 257850E) Legend Author: Dalradian Office: Gortin Intercepts reported as: Planned drillhole Shear zone Drawing: KB True width (m), Au grade (g/t) -1,000mMSL Scale: 1:8000 Projection: Non-Earth (meters) Drillhole Vein (projected) Planned hole complete/active -1,000mMSL 0 75 150 300 Reported drillhole Vein (intersected) metres 385,400mN 385,600mN 385,800mN 386,000mN 386,200mN 386,400mN 386,600mN 386,800mN 387,000mN 387,200mN25
  • 26. Cross-section F to F 385,200mN 385,400mN 385,600mN 385,800mN 386,000mN 386,200mN 386,400mN 386,600mN 386,800mN 387,000mN 9 T-9 200mMSL -C 11 200mMSL 0mMSL Planned hole 0mMSL Planned hole -200mMSL Planned hole -200mMSL -400mMSL -400mMSL Planned hole -600mMSL -600mMSL Curraghinalt Deposit Hole in progress Figure 8: F - F Date:30/08/2011 (Section 258235E) Author: Dalradian Legend Intercepts reported as: -800mMSL Office: Gortin Drawing: KB True width (m), Au grade (g/t) Planned drillhole Shear zone -800mMSL Scale: 1:7000 Projection: Non-Earth (meters) Drillhole Vein (projected) complete/active Planned hole 0 75 150 300 Reported drillhole Vein (intersected) metres 385,400mN 385,600mN 385,800mN 386,000mN 386,200mN 386,400mN 386,600mN 386,800mN26
  • 27. Other Regional Prospects – Tyrone Volcanics Target Name Peak Results Target defined by Magnetic high, historical drilling,TVG1 Broughderg Trench: 1.5m @ 4.36g/t Au trenching + GeochemistryTVG3 Mulnafye Float: 71.5 g/t Au Au GeochemistryTVG5 Bonnety Bush Float: 4.54 g/t Au in ironstone EM, IP, magnetics, Zn-Cu and Au GeochemistryTVG6 Crosh-Racolpa Float: 9.34 g/t Au EM + Au geochemistry and outcrop.TVG7 Tullybrick Float: 1.87g/t Au in float EM and IP, Zn-Cu and Au geochemistry, + outcrop Float: 9.66 g/t Au.TVG8 Formil Float: 2.87 % Zn, 0.33% Cu and 2.53 % Pb. EM, IP and Magnetics , Au, Z, Cu geochemistry Drilling: 52cm at 1.9% Pb+Zn, 0.48 g/t Au.TVG9 Crouck-Aghascrebagh And 6cm at 20.5 g/t Au. EM, drilling and AU, Pb & Zn geochemistry Float:15.4g/t Au, 1.2% Pb and 8.84 % Zn.27
  • 28. Other Regional Prospects – Dalradian Target Name Most significant samples Target defined by DSG2 Scotch-Town Float: 10.52g/t Au from float. Au Geochemistry DSG3 Curraghinalt East Float: 44.96g/t Au Au Geochemistry DSG4 Alworries Channel: 0.88m @ 39.43g/t Au. Au Geochemistry Drilling: 0.6m @ 61.43g/t Au. DSG5 Golan Burn Float: 13.7 g/t Au Drilling and Geochemistry DSG6 Owenkillew Valley Float: 22.4g/t Au Au Geochemistry DSG7 Owenreagh Valley Float: 11.68g/t Au Au Geochemistry DSG8 Gortin Glen Float: 202.92 g/t Au Au in Outcrop and Geochemistry Outcrop 2.96g/t Au DSG9 Bessy Bell Float: 100.31 g/t Au Au in Outcrop and Geochemistry DSG10 Rylagh-Glengawna Float 150.8 g/t Au. Au in Outcrop and Geochemistry Float: 13.4 g/t Au DSG11 Coneyglen Outcrop 3.04 g/t Au Au in Outcrop and Geochemistry DSG12 Glenerin Outcrop: 2.07g/t Au. Au in Outcrop and Geochemistry DSG13 Glenmacoffer Float: 59.2 g/t Au Au in Outcrop and Geochemistry28
  • 29. 3 Exploration Trends - Geochemistry  29
  • 30. 3 Exploration Trends - Magnetics  30
  • 31. A Golden Opportunity in Northern Ireland Patrick F. N. Anderson Chairman and Chief Executive Officer Shae-Lynn Mathers Director, Investor Relations: 416-583-5622 smathers@dalradian.com Trading Symbol: DNA on TSX Corporate Office: Dalradian Resources Inc. 155 Wellington Street West Suite 2920 Toronto, ON M5V 3H1 www.dalradian.com