The  European  Explorer    │    Investor  Presenta4on  April  2012  

Patrick  F.  N.  Anderson  Chairman  and  Chief  Execu4ve  Officer  

 

Forward-­‐Looking  Statement  &  Qualified  Persons  

This  presenta4on  contains  “forward‑looking  informa4on”  which  may  include,  but  is  not  limited  to,  statements  with  respect  to  the  comple4on  of  the  acquisi4on  (the  “Acquisi4on”)  by  the  Company  from  a  group  of  private  vendors  of  approximately  1.7  million  hectares  of  mineral  rights  over  four  greenstone  belts  and  a  historic  silver  mining  camp  in  Norway,  future  financial  or  opera4ng  performance  of  the  Company  and  its  mineral  projects,  the  future  price  of  metals,  the  es4ma4on  of  mineral  resources,  the  realiza4on  of  mineral  resource  es4mates,  the  4ming  and  amount  of  es4mated  future  produc4on,  costs  of  produc4on,  capital,  opera4ng  and  explora4on  expenditures,  costs  and  4ming  of  the  development  of  new  deposits,  costs  and  4ming  of  future  explora4on,  requirements  for  addi4onal  capital,  government  regula4on  of  mining  opera4ons,  environmental  risks,  reclama4on  expenses,  4tle  disputes  or  claims  and  limita4ons  of  insurance  coverage.  OSen,  but  not  always,  forward‑looking  statements  can  be  iden4fied  by  the  use  of  words  and  phrases  such  as  “plans,”  “expects,”  “is  expected,”  “budget,”  “scheduled,”  “es4mates,”  “forecasts,”  “intends,”  “an4cipates,”  or  “believes”  or  varia4ons  (including  nega4ve  varia4ons)  of  such  words  and  phrases,  or  state  that  certain  ac4ons,  events  or  results  “may,”  “could,”  “would,”  “might”  or  “will”  be  taken,  occur  or  be  achieved.  

Forward-­‐looking  statements  are  based  on  the  opinions  and  es4mates  of  management  as  of  the  date  such  statements  are  made  and  are  based  on  various  assump4ons,  such  as  approvals  from  the  Toronto  Stock  Exchange  and  the  Norwegian  Directorate  of  Mining  will  be  obtained  in  respect  of  the  Acquisi4on,  the  con4nued  poli4cal  stability  in  Northern  Ireland  and  Norway,  that  permits  required  for  the  Company’s  opera4ons  will  be  obtained  in  a  4mely  basis  in  order  to  permit  the  Company  to  proceed  on  schedule  with  its  planned  drilling  programs,  that  skilled  personnel  and  contractors  will  be  available  as  the  Company’s  opera4ons  con4nue  to  grow,  that  the  price  of  gold  will  be  at  levels  that  render  the  project  economic,  or  that  the  Company  will  be  able  to  con4nue  raising  the  necessary  capital  to  finance  its  opera4ons  and  realize  on  mineral  resource  es4mates.  

Forward‑looking  statements  involve  known  and  unknown  risks,  uncertain4es  and  other  factors  which  may  cause  the  actual  results,  performance  or  achievements  of  the  Company  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,  compe44ve,  poli4cal  and  social  uncertain4es;  the  actual  results  of  current  explora4on  ac4vi4es;  actual  results  of  reclama4on  ac4vi4es;  conclusions  of  economic  evalua4ons;  changes  in  project  parameters  as  plans  con4nue  to  be  refined;  future  prices  of  metals;  possible  varia4ons  of  ore  grade  or  recovery  rates;  failure  of  plant,  equipment  or  processes  to  operate  as  an4cipated;  accidents,  labour  disputes  and  other  risks  of  the  mining  industry;  poli4cal  instability;  delays  in  obtaining  governmental  approvals  or  financing  or  in  the  comple4on  of  development  or  construc4on  ac4vi4es,  as  well  as  those  factors  discussed  in  the  sec4on  en4tled  “Risk  Factors”  in  the  Company’s  Annual  Informa4on  Form.    

Although  the  Company  has  a\empted  to  iden4fy  important  factors  that  could  cause  actual  ac4ons,  events  or  results  to  differ  materially  from  those  described  in  forward‑looking  statements,  there  may  be  other  factors  that  cause  ac4ons,  events  or  results  to  differ  from  those  an4cipated,  es4mated  or  intended.  Forward‑looking  statements  contained  herein  are  made  as  of  the  date  of  this  presenta4on  and  the  Company  disclaims  any  obliga4on  to  update  any  forward‑looking  statements,  whether  as  a  result  of  new  informa4on,  future  events  or  results,  except  as  may  be  required  by  applicable  securi4es  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  an4cipated  in  such  statements.    Accordingly,  readers  should  not  place  undue  reliance  on  forward‑looking  statements.  

Some  technical  data  in  this  presenta4on  was  taken  from  the    technical  report  en4tled  “An  Updated  Mineral  Resource  Es4mate  for  the  Curraghinalt  Gold  Deposit,  Tyrone  Project,  County  Tyrone  and  County  Londonderry,  Northern  Ireland”  dated  January  10,  2012,  prepared  by  B.  Terrence  Hennessey,  P.Geo.,  and  Dibya  Kan4  Mukhopadhyay,  M.Sc.,  MAusIMM,  of  Micon  Interna4onal  Limited  (the  “Technical  Report”).  

Damien  Stephens,  BSc.(hons),  M.AIG,  M.AusIMM,  Explora4on  Manager,  Dalradian  Resources,  is  the  Qualified  Person  who  supervised  the  prepara4on  of  the  technical  data  in  this  presenta4on.  

John  McCombe,  PEng,  Chief  Opera4ng  Officer,  Dalradian  Resources  Inc.,  is  the  Qualified  Person  who  supervised  the  prepara4on  of  the  technical  data  in  this  presenta4on.  

 

 

2

Corporate  Informa=on  

3

TSX   DNA  

Shares  outstanding  Fully  diluted  

89.3  million  94.8  million  

Market  cap.  (April  5,  2012)   $113  million  

Average  volume  (30  day)   28,504  

52  Week  Range   $2.42  -­‐  $1.27  

Analyst  coverage    

Andrew  Mikitchook    

Jamie  Spra\  

 

Craig  Stanley  

STOCK  PRICE  

All  dollars  quoted  in  $  CAD  

$1,000.00  

$1,200.00  

$1,400.00  

$1,600.00  

$1,800.00  

$2,000.00  

$2,200.00  

$2,400.00  

$2,600.00  

$2,800.00  

$3,000.00  

$0.00  

$0.50  

$1.00  

$1.50  

$2.00  

$2.50  

$3.00  

Aug  2011  

Sep  2011  

Oct  2011  

Nov  2011  

Dec  2011  

Jan  2012  

Feb  2012  

Mar  2012  

$1.33 April 5, 2012

§  High-­‐grade  2.7M  ounce  gold  resource  (all  categories)1  

−  Measured:  0.02  MT  grading  21.51  g/t  Au  for  10,000  contained  ounces  

−  Indicated:    1.11  MT  grading  12.84  g/t  Au  for  460,000  contained  ounces  

−  Inferred:    5.45  MT  grading  12.74  g/t  Au  for  2.23  million  contained  ounces  

§  Ac4ve  field  program  

§  Approx.  84,000  ha  property  

§  Mining  friendly  country  −  Government  investment  in  

geological  surveys  

−  Excellent  infrastructure  

§  DNA  second  largest  mineral  rights  holder  in  Northern  Ireland  

§  Posi4oned  for  discovery  −  4  greenstone  belts    

−  historic  silver  camp  

 The  European  Explora=on  Company  

4 1  Refer  to  press  release  en4tled  “Dalradian  Announces  Resource  Increase  at  Curraghinalt”  at  www.dalradian.com  

                                   NORTHERN  IRELAND                                  NORWAY  

§  Data  capture  underway  

§  Approx.  1.7M  ha  property  

§  Mining  friendly  country  −  Government  investment  in  

geological  surveys  

−  Excellent  infrastructure  

§  DNA  largest  mineral  rights  holder  in  Norway  

Our  Board:  A  Track  Record  of  Discovery  and  Development  

COLIN  K.  BENNER  

CHAIRMAN  OF  DELTA  MINERALS  AND  AURICO  GOLD  Also  Director  of  Mercator  Minerals,  Lundin  Mining,  Troon  Ventures,  and  Corsa  Capital  

JOSEPH  F.  CONWAY  

CEO  OF  PRIMERO  MINING  CORP.  Former  CEO  of  IAMGOLD  

RONALD  P.  GAGEL  

Former  SVP  and  CFO  of  FNX  Mining  Also  Director  of  Adriana  Resources  and  Stonegate  Agricom  

PATRICK  F.  N.  ANDERSON  

CHAIRMAN  AND  CHIEF  EXECUTIVE  OFFICER  Former  CEO  of  Aurelian  Resources    

Also  Director  of  Colossus  Minerals,  Malbex  Resources  and  Con=nental  Gold    

THOMAS  J.  OBRADOVICH  

CHAIRMAN  OF  LAGO  DOURADO  MINERALS  LTD.  Former  CEO  of  Young-­‐Davidson  Mines  

Former  Director  of  Aurelian  Resources  

SEAN  E.  O.  ROOSEN  

CEO  OF  OSISKO  MINING  CORPORATION  Also  Director  of  Rio  Novo  Gold,  Bowmore  Explora=on  and  Astur  Gold  

ARI  B.  SUSSMAN  

EXECUTIVE  CHAIRMAN  OF  COLOSSUS  MINERALS  CEO  OF  CONTINENTAL  GOLD  LIMITED  

 

KEITH  D.  MCKAY  

CHIEF  FINANCIAL  OFFICER  Former  CFO  of  Aurelian  Resources    

Also  Director  of  Noront  Resources  

5

Board:  Worldwide  Project  Experience  

Precious  metals  Diamonds  

PATRICK  F.  N.  ANDERSON  

Precious  metals  

JOSEPH  F.  CONWAY  

Base  metals  Precious  metals  

KEITH  MCKAY  

Precious  metals  

SEAN  E.  O.  ROOSEN  

Coal  Base  metals  Precious  metals  

COLIN  K.  BENNER  

Precious  metals  Base  metals  

RONALD  P.  GAGEL  

Precious  metals  

THOMAS  J.  OBRADOVICH  

Precious  metals    

ARI  B.  SUSSMAN  

6

Northern  Ireland:    

§  Our  flagship  asset:  Curraghinalt  mesothermal  high-­‐grade  gold  deposit  

§  Excellent  regional  infrastructure  §  Over  84,000  hectares  under  explora4on  §  Poten4al  exists  for  further  precious  

and  base  metals  deposits  

7  

Exploring  for  gold  along  a    50  km  trend  

Pla4num  and  palladium  explora4on  

Extensive  underground  mining  

Gor4n   Rousky  

Omagh  

Curraghinalt  Deposit  

BELFAST  

NORTHERN  IRELAND  

Cavanacaw  Galantas  Gold  

Conroy  Diamonds  &  Gold  

Lonmin  

Irish  Salt  Mining  

In  produc4on  since  late  2007  

U.K.  &  BRITISH  ISLES  

Explora=on  Data  Acquisi=on,  Compila=on  and  Interpreta=on  

•  Geophysics  

•  Geochemistry  

•  Prospec4ng  

•  Mapping  

•  Target  defini4on  

8

NORTHERN  IRELAND  

Curraghinalt  Trend  

§  Glaciated  terrain  with  minimal  outcrop  

9

Curraghinalt:  Open  Along  Strike  

10

January 16, 2012 Dalradian Files 43-191 Updated Resource Technical Report

November 30, 2011 Resource update increasing Curraghinalt to 2.7 M ounces

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

Road  

Sheep  Dip  Mullan  

T17  No1  

106-­‐16  V75  Bend  Crow  

ABB-­‐D  ABB-­‐G  

Kiln  Shear  

Crows  Foot  Shear  

N  

0   200   400  

KILOMETRES  

4.1m:  42.7  g/t  @  depth  42.9m  1.6m:  56.3  g/t  @  depth  416.2m  

2.0m:  482.7  g/t  @  depth  77.0m  1.3m:  65.7  g/t  @  depth  159.8m  

2.0m:  24.0  g/t  @  depth  41.5m  3.3m:  16.9  g/t  @  depth  615.7m  

10

Curraghinalt:  Open  Along  Strike  

11 11

11

0 200   400  

METRES  

Curraghinalt:  A  Growing  Resource  

12

2007  Resource  

2010  Resource  

2011  Resource  

2012  Interpreted  vein  extents  

13

Conceptual  Underground  Explora=on  Development  

Conceptual  Mine  Plan   13

Curraghinalt  Historical  Resource  Es=mates  

14

0  

10,000  

20,000  

30,000  

40,000  

50,000  

60,000  

0  

0.5  

1  

1.5  

2  

2.5  

3  

1986  

1989  

1996  

01-­‐M

ay-­‐1997  

01-­‐Oct-­‐1997  

30-­‐Ja

n-­‐2003  

27-­‐Ja

n-­‐2005  

29-­‐Nov-­‐2007  

30-­‐Nov-­‐2009  

30-­‐Nov-­‐2011  

Metres  D

rilled  

Million  of  Oun

ces  

Resource  Es=mate  

Curraghinalt  Resource    Es=mate  History  

Inferred  

Indicated  

Measured  

Metres  Drilled  

•  1986-­‐1987  resources  es4mates  are  historical  non  43-­‐101  compliant  resources  

•  Presented  for  illustra4ve  purposes  only  

•  2003  to  2011  resource  es4mates  are  reported  43-­‐101  compliant  

Development  Timeline  –  Northern  Ireland  

Preliminary  Economic  Assessment  

Environmental  Baseline  Study  

U/G  Drilling  App’n   *U/G  Drill  Permieng  

U/G  Exp  Development  Permieng  Process  

U/G  Infill  Drilling  

U/G  Exp  Dvlpt  

2012   2013  Q1   Q2   Q3   Q4   Q1  

JAN   FEB   MAR   APR   MAY   JUN   JUL   AUG   SEP   OCT   NOV   DEC   JAN   FEB   MAR  

U/G  Explora=on  Dvlpt  Applica=on  

* March 9, 2012 – Underground Drilling Application Submitted

15

16

Norway: “Let the Treasure Hunt

Begin”

Industry Minister, Trond Giske at Press conference announcing new direction in mineral strategy for Norway

Another  Mining  Friendly  Jurisdic=on  

•  The  new  Mineral  Act  legisla4on  passed  in  January  2010  to  promote  mining  ac4vi4es  

•  Minister  of  Industry  announces  large  investment  over  4  years  to  iden4fy  mineral  resources  

•  Dalradian  has  acquired  mineral  rights  over  6  areas  including  four  greenstone  belts  and  an  historic  silver  mining  camp  

•  Proper4es  total  more  than  1,700,000  hectares  

17

Dalradian  Concession  Areas  

Greenstone  Belts  

NORWAY  

SWEDEN  

FINLAND  

RUSSIA  

OSLO   STOCKHOLM  

HELSINKI  

1   2  

3  4  

3  

2  

1  

4  

Kielä  

Sakaelampi  

Pechenga  

Bidjovagge  

§  Development:  

§  Preliminary  Economic  Assessment  

§  Permivng  Applica4on  Process  

§  Explora4on:  

§  Curraghinalt  trend  

§  Geophysics  &  geochemistry  

§  Corporate  Social  Responsibility:  

§  Enhance  CSR  strategy  &  leverage  best  prac4ces  

§  ISO  26000  cer4fica4on  

§  Data  acquisi4on/compila4on  

§  Data  analysis  

§  Boots  on  the  ground  

§  Target  selec4on  

§  Ground  truthing  

§  Drill,  drill,  drill…  

 

Next  Steps  

18

   NORTHERN  IRELAND      NORWAY  

The European Explorer

Patrick F. N. Anderson

Chairman & Chief Executive Officer

Investor Relations

Shae-Lynn Mathers Director, Investor Relations

smathers@dalradian.com 416.583.5622

Trading Symbol:

DNA on TSX

Executive Office: Dalradian Resources Inc.

155 Wellington Street West Suite 2920

Toronto, Ontario Canada M5V 3H1

www.dalradian.com

19

20

Appendix

Curraghinalt  NI  43-­‐101  Technical  Report  

§  Prepared  by  Micon  Interna4onal  Limited  

§  Dated  January  10,  2012  

§  Updated  from  May  10,  2010  and  reflects  revised  gold  price  

Curraghinalt Mesothermal Gold Deposit Measured 0.02 MT @ 21.51 g/t Au for 0.01 million contained ounces Indicated 1.11 MT @ 12.84 g/t Au for 0.46 million contained ounces Inferred 5.45 MT @ 12.74 g/t Au for 2.23 million contained ounces

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, Tyrone Project, County Tyrone and County Londonderry, Northern Ireland” dated January 10,

2012 and available at www.dalradian.com

21

Ac=ve  Resource  Industry  in  County  Tyrone  

22

There are approximately 150 quarries across Northern Ireland

Here  be  Monsters…  

1.   Kielä  Gold  Mine  

–  Largest  gold-­‐mine  in  Europe  

–  Total  combined  MI&I  =  6.8Moz  Au  

2.   Saka=llampi  Discovery    

–  Possibly  largest  nickel-­‐copper  deposit  discovery  in  Europe  (reported  samples  of  4%Ni)  

–  Announced  by  AngloAmerican  on  November  3rd,  2011  

3.   Pechenga  District  

–  In  Russia  ~  25km  from  Norwegian  border      

–  Probable  reserves  of  150Mt  @  1%  Ni  and  Proven  Reserves  of  30Mt  @  2%  Ni,  1%  Cu,  0.04%  Co  

4.   Bidjovagge  Gold-­‐Copper  Mine  

–  Historical  produc4on  of  greater  than  200,000  ounces  of  Au  &  14  M  pounds  of  Cu  

23

Other  Deposits  

Dalradian  Concession  Areas  

Greenstone  Belts  

NORWAY  

SWEDEN  

FINLAND  

RUSSIA  

OSLO   STOCKHOLM  

HELSINKI  

1   2  

3  4