Dalradian Presentation February 2015

1. Patrick F.N. Anderson
Chief Executive Officer
February 2015High-Grade Gold │ High IRR │ Low Capex │ Northern Ireland │

2. 2
FORWARD-LOOKING INFORMATION AND QUALIFIED PERSON
2
This 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 and its subsidiaries (collectively, “Dalradian”) and its mineral projects, 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 of production, 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, limitations of insurance coverage and the timing and possible outcome of pending regulatory matters. Often, but not always,
forward looking statements can be identified by the use of words and phrases such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”,
“intends”, “anticipates”, or “believes” or variations (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
the continued political stability in Northern Ireland, that permits required for Dalradian’s operations will be obtained on a timely basis in order to permit Dalradian to proceed on
schedule with its planned exploration and development programs, that skilled personnel and contractors will be available as Dalradian’s operations continue to grow, that the
price of gold will be at levels that render Dalradian’s mineral projects economic, that the Company will be able to continue raising the necessary capital to finance its operations
and realize on mineral resource estimates and current mine plans and that the assumptions contained in the Company’s Technical Report and PEA (both as defined herein) are
accurate and complete.
Forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Dalradian to
be materially 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 and future exploration activities; the actual results of reclamation
activities; conclusions of economic evaluations; changes in project parameters and/or economic assessments as plans continue to be refined; future prices of metals; possible
variations of mineral grade or recovery rates; the risk that actual costs may exceed estimated costs; failure of plant, equipment or processes to operate as anticipated; accidents,
labour disputes and other risks of the mining industry; political instability; delays in obtaining governmental approvals or financing or in the completion of development or
construction activities, as well as those factors discussed in the section entitled “Risk Factors” in the Company’s Annual Information Form for the year ended December 31, 2013
dated March 25, 2014 (the “AIF”) .
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 date of 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 be required 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 from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward
looking statements.
Certain technical data in this presentation was taken from the technical report entitled dated October 30, 2014 and titled "An Updated Preliminary Economic Assessment of the
Curraghinalt Gold Deposit, Tyrone Project, Northern Ireland” (the “PEA”), prepared by Mr. Maunula, P.Geo., of T. Maunula & Associates Consulting Inc., Mr. Barnard Foo, P.Eng.,
Mr. Bogdan Damjanovic, P.Eng., Mr. Andre Villeneuve, P.Eng., and Mr. Christopher Jacobs, CEng MIMMM, of Micon International Limited (“Micon”) and is subject to all of the
assumptions, qualifications and procedures described therein.
Mineral resources that are not mineral reserves do not have demonstrated economic viability. The PEA is preliminary in nature. It includes inferred mineral resources that are
considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no
certainty that the results of the PEA will be realized.
Ian R. Hardesty, MS, CPG, Senior Production Geologist, Dalradian Resources Inc., is the Qualified Person who reviewed and approved the technical information in this
presentation. The exploration data was based on the procedures described in the Company’s Technical Report and is subject to all of the assumptions, qualifications and
procedures described therein.

3. 3
PREMIUM ASSET IN A SCARCITY MARKET
1
Ranking by Natural Resource Holdings, based on 2012 data
 2014 PEA yields 36.2% IRR
at $1,200 gold price
 Moving high-margin, low capex
project towards production
 $30M work program for 2015 – PFS,
EIA and drilling
 Strong government and community
support

4. CORPORATE SUMMARY

5. 5
THE BOARD:
HAVE RAISED BILLIONS OF DOLLARS TO ADVANCE PROJECTS INTO MINES
PATRICK F. N. ANDERSON
CHIEF EXECUTIVE OFFICER
 Founder & Former CEO of Aurelian Resources
 ‘08 – PDAC International Mineral Discovery
 ‘08 – Northern Miner Man of the Year
RONALD GAGEL
 CFO of TMAC Resources; Former CFO of FNX
Mining and Aur Resources
 Director of Adriana Resources and Stonegate
Agricom
 Former board member of HudBay Minerals
and Central Sun Mining
 ‘13 – PDAC Distinguished Service Award
THOMAS OBRADOVICH
CHAIRMAN
 Founder & Former CEO of Young-Davidson
Mines
 Former Director of Aurelian Resources
SEAN ROOSEN
 Founder & CEO of Osisko Mining Corporation
 Also Director of Astur Gold
 ‘06 – Prospector of the Year - Quebec
 ‘08 – Prospector of the Year - Canada
 ‘09 – Northern Miner Man of the Year
JONATHAN RUBENSTEIN
 Director of Eldorado Gold
 Director of Detour Gold
 Chairman & Director of MAG Silver
 Former Director of Aurelian Resources,
Sutton Resources, Canico Resource and
Cumberland Resources
ARI SUSSMAN
 Founder & CEO of Continental Gold
 Raised over $500M in funding during
15 years in the natural resources &
investment sectors
GRENVILLE THOMAS
 Founder & Chairman of Strongbow
Exploration
 Founder & Former Chairman, President &
Director of Aber Resources (Harry Winston
Diamond) now Dominion Diamond
 ‘99 – PDAC Prospector of the Year
 ‘01 – Northern Miner Man of the Year
 ‘09 – Canadian Mining Hall of Fame

6. 6
ANALYST COVERAGE
All dollars quoted in $ CAD
$0.00
$0.25
$0.50
$0.75
$1.00
$1.25
$1.50
$1.75
$2.00
F M A M J J A S O N D J
2014
$0.99
February 17, 2015
$1.75
Michael
Curran $1.75
Jamie
Spratt
$1.35
Mike
Kozak
$1.00
Laurie
Curtis
$1.60
Joe
Mazumdar
$1.60
Bart
Jaworski
Targets range from $1.00-$1.75
$1.25
Andrew
Kaip
$1.30
Adam
Melnyk

7. 7
CORPORATE SUMMARY
TSX: DNA STOCK PRICE
Shares outstanding of 154.7 million and
fully diluted of 196.0 million as of February 9, 2015
Cash position of $37 million as of September 30, 2014
SHARE CAPITALIZATION AND CASH POSITION
All dollars quoted in $ CAD
AIM listing (DALR) is a tremendous opportunity
to expand Irish, UK and European shareholder base
TOP TEN SHAREHOLDERS
(REPRESENTING ~55%)
GEOGRAPHIC OWNERSHIP
FOR IDENTIFIED SHAREHOLDERS
Canada
68%
US
29%
Europe
3%
Sprott (Sprott Asset Mgmt, Sprott Global and Sprott Wealth)
Ross Beaty
Rosseau
Front Steet
Insiders (5%)
Aegis
RBC
Julius Baer
Sun Valley
Tocqueville

8. CURRAGHINALT DEPOSIT

9. 9
 Our flagship asset: Curraghinalt high-grade lode gold deposit
 Excellent regional infrastructure
 Over 84,000 hectares under license
Gold
Base Metals
Other
Gortin
Omagh
Curraghinalt
BELFAST
N O R T H E R N
I R E L A N D
Galantas
Gold
Conroy
Diamonds
& Gold
Lonmin
Irish Salt
Mining
Irish Salt (Kilroot)
UG Mine
Curraghinalt Gold
Deposit
Galantas (Cavanacaw)
Previous open pit producer;
permitting underground
Scotgold (Cononish)
Permitted
Vedanta (Lisheen)
In production
Boliden (Tara)
In production
Lundin (Galmoy)
Previous producer
Conroy (Clontibret)
Gold exploration
Xstrata (Pallas Green)
Feasibility
Wolf (Hemerdon)
Tungsten Developer
MINERAL PROJECTS IN IRELAND & THE UK
Cleveland
Potash (Boulby)
In Production
Sirius (York Potash)
In Development

10. 10
INITIAL BLAST AT CURRAGHINALT DEC 2014

11. 11
CURRAGHINALT RESOURCE
 Since 2010, we have grown the
resource 6-fold over 3 updates
 High-grade gold resource1
 Measured:
0.02 MT grading 20.15 g/t Au
for 15,100 contained ounces
 Indicated:
2.98 MT grading 10.34 g/t Au
for 989,000 contained ounces
 Inferred:
8.01 MT grading 9.67 g/t Au
for 2.49 million contained ounces
 Veins are predictable and
continuous
 Deposit is open in all directions
 Underground drilling to support
PFS starting in March 2015
1 Refer to PEA

12. 12
EXCELLENT POTENTIAL FOR RESOURCE GROWTH
Curraghinalt
Deposit
12km
Curraghinalt
Trend
1 Refer to Technical Report
2 12-CT-162 drilled at 180/-55. 12-CT-173 drilled at 150/-60; 2a from 186.00m- 188.22m, 2b from 229.08m - 230.55m ; true width undetermined
3 11-CT-99 drilled from 471.14-474.34m
4 12-CT-167 drilled from 201.93-204.40m
Vein and Vein Intersections
Curraghinalt
Deposit
Attagh Burn
2.47m @ 18.99 g/t Au
4
Curraghinalt Deposit
Resource effective as of Jan 2014
1
–
Measured: 0.02 Moz Au (0.02 MT @ 20.15 g/t)
Indicated: 0.99 Moz Au (2.98 MT @ 10.34 g/t)
Inferred: 2.49 Moz Au (8.01 MT @ 9.67 g/t)
Alwories Discovery Holes
2
4.72m @ 14.82 g/t Au (12-CT-173)
2.22m @ 14.10 g/t Au (12-CT-162)
2a
1.47m @ 23.60 g/t Au (12-CT-162)
2b
400 m Step-out
3.2m @ 5.34 g/t Au (11-CT-99)
3
900 m Step-out
0.65m @ 15.04 g/t Au (12-CT-154)

13. 13
GLACIATED TERRAIN WITH MINIMAL OUTCROP
Curraghinalt
Deposit
Curraghinalt
Trend
1 12-CT-162 drilled at 180/-55. 12-CT-173 drilled at 150/-60; 2a from 186.00 m- 188.22m, 2b from 229.08m - 230.55 m ; true width undetermined
2 11-CT-99 drilled at 200/-60, from 471.14-474.34 m
3 12-CT-167 drilled from 201.93-204.40 m
Curraghinalt
Deposit
Attagh Burn
2.47m @ 18.99 g/t Au (12-CT-167)
3
Golan Burn
Outcropping veins including
60cm @ 61.43 g/t Au
Gold Anomalies
1
kilometres
0 2
Vein and Vein Intersections
Scotch Town
Peak of 10.52 g/t Au
In mineralized boulders
400 m Step-out
3.2m @ 5.34 g/t Au (11-CT-99)
2
Alwories Discovery Holes
1
4.72m @ 14.82 g/t Au (12-CT-173)
2.22m @ 14.10 g/t Au (12-CT-162)
2a
1.47m @ 23.60 g/t Au (12-CT-162)
2b
12KM GOLD TREND IS MOSTLY UNEXPLORED

14. 14
OROGENIC VEIN SYSTEM
Cross Section 54

15. STRONG ECONOMICS

16. 16
PEA SHOWS STRONG ECONOMICS
KEY PEA DATA*
GOLD PRICE:
US$1,200/ounce
GOLD PRICE:
US$1,054/ounce
NPV with 8% discount rate (After-tax) US$504 million US$366 million
IRR (After-tax) 36.2% 29.9%
Average Annual Production 162,000 ounces/year
Processing Rate 1,700 tonnes/day
Life of Mine 18 years
Initial Capex ($48M contingency) US$249 million
Cash Costs US$485/ounce; US$132/tonne
Diluted Grade 9.3 g/t Au
Gold Recovery 92%
Payback 2.6 years
* Prepared by Micon International Limited. PEA results released on October 30, 2014. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The PEA is preliminary in nature. It includes inferred mineral
resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the results of the PEA will be realized.
All dollars quoted in $ USD unless stated otherwise.

17. 17
UG PEER COMPARISON – All dollar figures in US$
Company
Project
Stage
Diluted
grade
(g/t)
Size
(prodn
mine life
resource)
Capex
Operating
cost
IRR &
NPV5 *
Market
cap
Jurisdiction
Pretium
Brucejack
FS 14.1
404,000
18 years
8.7M oz M&I
4.9M oz Inf
$747M
$347
$150/t
31.5%
$1.7B
$1.08B Canada (BC)
Continental
Buritica
PEA
completed
7.8 265,000
18 years
2.8M oz M&I
4.2M oz Inf
$390M $431/oz
$109/t
31.5%
$1.1B
$230M Colombia
Dalradian
Curraghinalt
PFS
ongoing
9.3 162,000 ozs
18 years
1M oz M&I
2.5M oz Inf
$249M $485/oz
$132/t
36%
$716M
$150M Northern
Ireland
Rubicon
Phoenix
Construction
PEA
Permitted
Financed
8.1
165,000
13 years
1.1M oz M&I
2.2M oz Inf
$342M
$620/oz
$144/t
14.8%
$236
$500M Canada (ON)
Roxgold
Yaramoko
FS
Permitting
nearly final
Financed
12
87,000
10 years
0.8M oz M&I
0.3M oz Inf
$107M
$508
$140/t
42.4%
$218M
$200M Burkina Faso
* After-tax, at US$1,200 gold and 5% discount rate

18. 18
Dalradian
Curraghinalt
Continental
Buritica
Rubicon
Phoenix
Roxgold
Yaramoko Pretium
Brucejack
0
5
10
15
20
25
30
35
40
45
0 100 200 300 400 500 600 700 800
IRR(%)
Capex (US$, millions)
THE HIGH IRR / LOW CAPEX SWEET SPOT

19. PERMITTING

20. 20
NORTHERN IRELAND WELCOMES INVESTMENT
 No. 1 Strategic priority
of current government
is the economy:
 Targeting 25,000 new
jobs; and
 £1 billion of new
investment
 Invest Northern Ireland
grant to Dalradian for
$590,000 to support
jobs and training during
UG exploration phase
Aug 2014 site visit by Arlene Foster, MLA,
Minister for Enterprise, Trade and Investment

21. Planning
decision
Permitting a Mine
Draft Project
Description
(pre-consultation with
stakeholders via PAD)
Prepare EIA
Submit
Planning
Application
Q1 2016
Planning NI
Review
Permission to construct a mine will be based
on a Planning Application, which will consist
of a Project Description and an Environmental
Impact Assessment (EIA)
Review and approval is
estimated to take 1-2 years
Curraghinalt will likely be designated a “strategic”
project, which would allow ministerial involvement
in the planning decision
Pre-engage with DOE
via a Pre-Application
Discussion (PAD)
Granted
Refused
Referred to Public
Local Inquiry

22. 2015 WORK PROGRAM

23. 23
Underground Exploration Development
Proposed No. 1
Vein Development
at 170m Level
Proposed Tunnel
Extensions at 170 m
Level
Existing
Exploration
Tunnel
No1 Vein
106-16 Vein
V75 Vein
Bend Vein
Crow Vein
Proposed T17 Vein
Development at 170m
Level
Underground infill
drilling
Underground infill
drilling
Surface
infill drilling
 Consists of ~1,200 m of
UG development plus
~20,000 m of drilling
Aim is to support the
Pre-feasibility study by:
 Demonstrating continuity of
thickness and grade of veins
 Converting inferred
resources to M&I
– 11 UG diamond drill bays for
~15,000 m drilling
– 6 surface drill pads for
~4,500 m drilling
 Geotechnical and
hydrogeological testing
 Advancing positive
metallurgical testing
Graphic at right is current plan, which is still being fine-tuned

24. 24
2015 WORK PROGRAM
Jan
2015 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
 2015
Surface Work
UG development
Infill drilling
Resource update
EIA preparation and submission
Pre-feasibility study

25. SUMMARY

26. 26
DNA HIGHLIGHTS
 Market is focussing on the
handful of quality projects
in good jurisdictions that
are financeable
 Curraghinalt is a top
quartile project: high IRR
and low capex in Northern
Ireland
 During 2015 we are
de-risking the project
through:
 UG exploration
 Drilling
 PFS
 Environmental and
permitting work

27. 27
Patrick F.N. Anderson
CEO
Marla Gale
VP, Communications
info@dalradian.com
416.583.5622
Trading Symbol:
DNA on TSX
DALR on AIM
Corporate Office:
Dalradian Resources Inc.
155 Wellington Street West
Suite 2920
Toronto, Ontario
Canada M5V 3H1
www.dalradian.com

28. 28
2009
Dalradian
Resources
acquires
Dalradian Gold
1652
Modern exploration begins
 Rio Tinto explores Tyrone Volcanic
belt (incl. DG-2 licence) for base
metal deposits
 GSNI reports widespread gold and
pathfinder elements in local streams
1970s
EXPLORATION HISTORY OF THE DEPOSIT
2010
2000
1990
1980
1970
2000 – 2009
Project owned by
various Vancouver
juniors
 56 drill holes
 Initial resource of
640,000 oz
Gold reported in the
Moyola River, 20 miles
east of Curraghinalt
Ulster Minerals/Ennex period
 1983 - No. 1 vein discovered in Curraghinalt burn
 Surface trenching (~3000 m) and Surface drilling
(~30,000 m)
 1987/89 - 710 m underground development using
a road header
1982 – 1999

29. 29
PROGRESS SINCE PROJECT ACQUISITION
2009
 Project Acquisition
- December
 600 k ounce gold
resource1
2011
 7 rigs onsite
 Increased to 2.7 M
ounce gold resource1
 51,000 m of drilling
2013
 UG planning permission
 VP Project Development hired
 Extensive drilling and
re-sampling completed
2010
 Increased to 1.5 M
ounce gold resource1
 IPO – August
 30,000 m of drilling
2012
 Robust PEA
announced
 New discovery
at Alwories
 Increased to 3.5 M ounce gold resource1
 UG program underway
 Updated PEA
 Commenced PFS & EIA
 First blast
2012
2011
2010
2009
2014
2015
2013
1 Refer to press releases of Nov. 30, 2011 and April 16, 2014 at www.dalradian.com
2014

30. 30
30
Government support of our London listing Dec. 3, 2014
 Jonathan Bell, a junior minister in Northern
Ireland, said: “Further education colleges are
already preparing to give young people the skills
they will need for the opportunities that are
being provided.” The Times, Dec. 4, 2014
 “Pat Doherty, the area’s Sinn Fein MP, believes
the Curraghinalt mine should go ahead provided
it complies with planning and environmental
requirements, with most people in the area
supportive.” Financial Times, Dec. 5, 2014
Jonathan Bell, MLA (second form left)
Junior Minister in First Minister’s office