Patrick  F.  N.  Anderson    Chief  Execu8ve  Officer  

High-­‐Grade  │  Low-­‐Risk    │    Explora8on  │  Development  │  Europe    │        May  2013  

Sample  from  the  T17  vein  –  188  g/t  of  gold,  103  g/t  of  silver  and  5.07%  of  copper  

 

Forward-­‐Looking  Statement  &  Qualified  Persons  

2  

This  presenta8on  contains   “forward   looking   informa8on”  which  may   include,  but   is  not   limited   to,   statements  with   respect   to   [future  financial  or  opera8ng  performance  of   the  Company  and   its  mineral  projects,  the  future  price  of  metals,   the  es8ma8on  of  mineral  resources,  the  realiza8on  of  mineral  resource  es8mates,  the  8ming  and  amount  of  es8mated  future  produc8on,  costs  of  produc8on,  capital,  opera8ng  and  explora8on  expenditures,  costs  and  8ming  of  the  development  of  new  deposits,  costs  and  8ming  of  future  explora8on,  requirements  for  addi8onal  capital,  government  regula8on  of  mining  opera8ons,  environmental  risks,  reclama8on  expenses,  8tle  disputes  or  claims  and  limita8ons  of  insurance  coverage].  O`en,  but  not  always,  forward  looking  statements  can  be  iden8fied  by  the  use  of  words  and  phrases  such  as  “plans,”  “expects,”  “is  expected,”  “budget,”  “scheduled,”  “es8mates,”  “forecasts,”  “intends,”  “an8cipates,”  or  “believes”  or  varia8ons  (including  nega8ve  varia8ons)  of  such  words  and  phrases,  or  state  that  certain  ac8ons,  events  or  results  “may,”  “could,”  “would,”  “might”  or  “will”  be  taken,  occur  or  be  achieved.  

Forward-­‐looking  statements  are  based  on  the  opinions  and  es8mates  of  management  as  of  the  date  such  statements  are  made  and  are  based  on  various  assump8ons,  such  as  the  con8nued  poli8cal  stability  in  Northern  Ireland  and  Norway,  that  permits  required  for  the  Company’s  opera8ons  will  be  obtained  in  a  8mely  basis  in  order  to  permit  the  Company  to  proceed  on  schedule  with  its  planned  explora8on  and  development  programs,   that   skilled  personnel  and  contractors  will   be  available  as   the  Company’s  opera8ons   con8nue   to  grow,   that   the  price  of   gold  will   be  at   levels   that   render   the  Company’s  mineral  projects  economic,   that   the  Company  will  be  able   to  con8nue  raising   the  necessary  capital   to  finance   its  opera8ons  and  realize  on  mineral   resource  es8mates,  and  that   the  assump8ons  contained   in   the  Company’s  technical  report  en8tled  “A  Preliminary  Economic  Assessment  of  the  Curraghinalt  Gold  Deposit,  Tyrone  Project,  Northern  Ireland”,  dated  September  6,  2012  (the  “PEA”)  are  accurate  and  complete.    

Forward  looking  statements  involve  known  and  unknown  risks,  uncertain8es  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,  compe88ve,  poli8cal  and  social   uncertain8es;   the   actual   results   of   current   and   future   explora8on   ac8vi8es;   the   actual   results   of   reclama8on   ac8vi8es;   conclusions   of   economic   evalua8ons;   changes   in   project   parameters   and/or  economic  assessments  as  plans  con8nue  to  be  refined;  future  prices  of  metals;  possible  varia8ons  of  mineral  grade  or  recovery  rates;  the  risk  that  actual  costs  may  exceed  es8mated  costs;  failure  of  plant,  equipment  or  processes   to  operate  as  an8cipated;  accidents,   labour  disputes  and  other   risks  of   the  mining   industry;  poli8cal   instability;  delays   in  obtaining  governmental  approvals  or  financing  or   in   the  comple8on  of  development  or  construc8on  ac8vi8es,  as  well  as  those  factors  discussed  in  the  sec8on  en8tled  “Risk  Factors”  in  the  Company’s  Annual  Informa8on  Form.    

Although  the  Company  has  ahempted  to   iden8fy   important  factors  that  could  cause  actual  ac8ons,  events  or  results  to  differ  materially  from  those  described  in  forward  looking  statements,  there  may  be  other  factors  that  cause  ac8ons,  events  or  results  to  differ  from  those  an8cipated,  es8mated  or  intended.  Forward  looking  statements  contained  herein  are  made  as  of  the  date  of  this  presenta8on  and  the  Company  disclaims  any  obliga8on  to  update  any  forward  looking  statements,  whether  as  a  result  of  new  informa8on,  future  events  or  results,  except  as  may  be  required  by  applicable  securi8es  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  an8cipated   in  such  statements.    Accordingly,  readers  should  not  place  undue  reliance  on  forward  looking  statements.    

For   addi8onal   informa8on  on   the  Curraghinalt   project,   please   see   the  PEA,  prepared  by  B.   Terrence  Hennessey,   P.Geo.,   Barnard   Foo,  P.   Eng.,   Bogdan  Damjanović,   P.   Eng.,  André  Villeneuve,   P.   Eng.,   and  Christopher  Jacobs,  CEng  MIMMM,  of  Micon  Interna8onal  Limited,  which  is  available  on  SEDAR  at  www.sedar.com  and  on  the  Company’s  website  at  www.dalradian.com.  

Michele  L.  Cote,  MSc.,  P.  Geo.,  Vice  President  Explora8on  of  the  Company,   is  the  Qualified  Person  (for  the  purposes  of  Na8onal   Instrument  43-­‐101)  who  reviewed  and  approved  the  technical   informa8on  contained  in  this  presenta8on.  

 

 

Capital  Structure  

STOCK  PRICE  

All  dollars  quoted  in  $  CAD  

TSX,  OTCQX:   DNA,  DRLDF  

Shares  outstanding:  Fully  diluted  :  (March  28,  2013)  

89.5  million  97.4  million  

Market  cap:  (May  1,  2013)   $63.6  million  

Average  volume:  (30  day)   227,196  

52  Week  Range:   $1.90  -­‐  $0.61  Insider  ownership:  (approximate)   6%  

Cash  balance:  (as  at  December  31,  2012)   $22.8  million  

Analyst  coverage:  

Jamie  Sprah    Steve  Parsons  

 

Craig  Stanley        Laurie  Cur8s  

 

                                   John  Hayes    

3  

$1,400.00  

$1,500.00  

$1,600.00  

$1,700.00  

$1,800.00  

$1,900.00  

$2,000.00  

$0.00  

$0.50  

$1.00  

$1.50  

$2.00  

Dec  2011  

Feb  2012  

Apr  2012  

Jun  2012  

Aug  2012  

Oct  2012  

Dec  2012  

Feb  2013  

Apr  2013  

$0.71 May 1, 2013

DNA  

Gold  Price  

The  Board:  A  Track  Record  of  Discovery  and  Development  

4

PATRICK  F.  N.  ANDERSON  CHIEF  EXECUTIVE  OFFICER  Former  CEO  of  Aurelian  Resources    

Former  Director  of  ConWnental  Gold    

COLIN  K.  BENNER  CHAIRMAN  OF  DELTA  MINERALS  AND  AURICO  GOLD  Also  Director  of  Mercator  Minerals,  Lundin  Mining,    

JOSEPH  F.  CONWAY  CEO  OF  PRIMERO  MINING  CORP.  Former  CEO  of  IAMGOLD  

RONALD  P.  GAGEL  Former  SVP  and  CFO  of  FNX  Mining  

THOMAS  J.  OBRADOVICH  CHAIRMAN    Chairman  of  Lago  Dourado  Minerals  

Former  CEO  of  Young-­‐Davidson  Mines  

Former  Director  of  Aurelian  Resources  

SEAN  E.  O.  ROOSEN  CEO  OF  OSISKO  MINING  CORPORATION  Also  Director  of  Astur  Gold  

CEO  OF  CONTINENTAL  GOLD  LIMITED  ARI  B.  SUSSMAN  

KEITH  D.  MCKAY  CHIEF  FINANCIAL  OFFICER  Former  CFO  of  Aurelian  Resources    

NORWAY  

High-­‐Grade  Targets  in  Low  Risk  JurisdicWons  

5

§  Gold  resource  covers  a  frac8on  of  known  mineraliza8on  

§  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  

§  Posi8ve  PEA  shows  us  a  high  margin  and  low  capex  producer  

§  1.3  M  hectares  of  explora8on  permits  §  En8re  greenstone  belts  §  Over  15  precious  metals  targets  iden8fied  in  

2012  season  

NORTHERN  IRELAND  

Northern  Ireland  

Norway  

1  Refer  to  press  release  dated  Nov.  30,  2011  en8tled  “Dalradian  Announces  Resource  Increase  at  Curraghinalt”  at  www.dalradian.com  

Northern  Ireland    

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

§  Excellent  regional  infrastructure  

§  Over  84,000  hectares  under  license  

§  Recent  surge  in  gold  sector  

6  

Gor8n  

Omagh  

Curraghinalt  

BELFAST  

NORTHERN  IRELAND  

Galantas  Gold  

Conroy  Diamonds  &  Gold  

Lonmin  

Irish  Salt  Mining  

ClonWbret  

Croagh  Patrick  Parys  Mountain  

Gwynfynydd  Galmoy   Avoca  

Pallas  Green  Silvermines  

South  CroZy  

 

Gold  Base  Metals  Salt  Mine  

Allihies  Copper  Mines  

Galantas  Gold  Permihed  in  2007  

Scotgold  Permihed  in  2012  

Vedanta  Resources  In  produc8on  

Boliden  In  produc8on  

IMC  ExploraWon  354  g/t  gold  over  1.5m  

Underground  Salt  Mine  

Lundin  In  produc8on  

Conroy  +1M  ounce  resource  

Lisheen  

Cononish  

Tara  

Cavanacaw  

Xstrata  Feasibility  

Gold  Mines  of  Wales  U/G  grab  sample  -­‐  263  g/t  gold    

Clogau  

DG3  

GorWn  

Permi]ng  is  Possible  

7  

Curraghinalt  

Alwories  Quarry  

kilometres 0 1 2

Curraghinalt  

Clear  Cut  Logging  at  Gor8n  Glen  Forest  Park  

125  Metres

Cavanacaw  Open  Pit  Approx  30  km  SW  

Greencastle  Quarry  

News  Flow  2012/2013  

Curraghinalt  Drilling:  •  3.35m  @  13.80  g/t  Au  •  3.75m  @  10.43  g/t  Au  •  1.48m  @  22.83  g/t  Au  

2013  

2012  Q1   Q2   Q3   Q4  

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

Fallagh  Prospect    announced  with  float  samples  of:  •  30.30  g/t  Au  •  29.20  g/t  Au  

Completes  airborne  geophysical  survey  

PosiWve  PEA  

43-­‐101  Technical  Report  filed  

Soil  geochem  grid  iden8fies  new  targets    

Water  discharge  permit  in  hand   Curraghinalt  Drilling:  

•  2.34m  @  47.94  g/t  Au  •  3.97m  @  38.00  g/t  Au  

Alwories  discovery  1.47m  @  23.62  g/t  Au  2.22m  @  14.07  g/t  Au  

C-­‐veins  show  wall  rock  carry  gold  

More  Alwories  Intercepts:  •  4.72m  @  14.82  g/t  Au  •  1.28m  @  30.58  g/t  Au  

2013  Explora8on  Program  Announced  

$28.2  million  bought  deal  financing  announced  

Micon  appointed  as  lead  consultant  for  PEA  

Curraghinalt  Drilling:  •  1.7m  @  17.55  g/t  Au  •  2.47m  @  18.99  g/t  Au  

8

Curraghinalt  Drilling  Deep  Hole:  •  1.54m  @  30.13  g/t  Au  Step-­‐Out:  •  5.35m  @  6.60  g/t  Au  

ApplicaWon  Submifed  for  Underground  ExploraWon  Development  

Q1  

JAN   FEB   MAR   APR  Q2  

C-­‐Vein  Sampling:  0.76  m  of  33.6  g/t  of  gold  Becomes  7.21  m  of  7.58  g/t  of  gold  

ExploraWon  

9

Cross  SecWon  12-­‐CT-­‐156  

10

CROSS-­‐SECTION  A  –  A’  

Adit  

PotenWal  to  Expand  the  Resource  

§  Assembled  80  km  of  historic  core  in  a  modern  facility  

§  Most  was  found  unsampled  

§  Iden8fied  a  mineralized  oblique  vein  set  

11 11 Dalradian  Gold  Omagh,    

Core  Facility  

§  Poten8al  to  increase  ounces  &  mining  widths    

§  Posi8ve  poten8al  implica8ons  for  dilu8on  

PotenWal  to  Expand  the  Resource  

§  Q4  resource  update  will  include:  

–  35,000+  metres  of  new  drilling  &  unsampled  historical  veins  

12 12

‘Resource’  or  ‘D’  Vein   Newly  idenWfied  ‘C’  Vein  

Plan  View  Looking  North  

600  m  hole  yielded  over  1000  veinlets  

Broader  Mineralized  Zones  

CROSS-­‐SECTION  A  –  A’  

13

Intercept  in  hole  11-­‐CT-­‐99  projected  up  dip  to  170m  mSL  

Not  a  Trend  but  a  District  

Curraghinalt  Deposit  Resource  as  at  Nov  2011  –  Measured:  0.01  Moz  Au                                          (0.02MT  @  21.51  g/t)  Indicated:  0.46  Moz  Au                                          (1.11MT  @  12.84  g/t)  Inferred:  2.23  Moz  Au                                          (5.45  MT  @  12.74  g/t)  

Alwories  1.88  m  @  20.8  g/t  Au  in  vein  in  quarry  

GLACIATED  TERRAIN  WITH  MINIMAL  OUTCROP  

8  km  

Golan  Burn  Outcropping  veins  including  60cm  @  61.43  g/t  Au  

1700m  

Alwories  Discovery  Holes  4.72m  @  14.82  g/t  Au  2.22m  @  14.10  g/t  Au  1.47m  @  23.6  2g/t  Au  

Curraghinalt  Deposit  

Curraghinalt  Trend  

14

400  m  Step-­‐out  3.2m  @  5.34  g/t  Au  

Afagh  Burn  2.47m  @  18.99  g/t  Au  

Scotch  Town  Peak  of  10.52  g/t  Au  In  mineralized  boulders  

 “Fallagh”  New  Au  Prospect      30.30  g/t  Au,            29.20  g/t  Au  &      17.25  g/t  Au    in  Float    

Curraghinalt  Trend Veins  in  Current  Resource Interpreted  Veins Historic  Findings

ExploraWon  Summary  

§  In  the  last  2  years…  

–  >4-­‐fold  increase  in  contained  ounces  

–  Implemented  a  modern  explora8on  organiza8on  

§  Deposit  is  open  in  all  direc8ons  

§  Successfully  mapping  high  grade  shoots  

§  “C”  veinlet  swarms,  a  poten8al  game  changer…  

–  Reduce  dilu8on  

–  Stand-­‐alone  ounces?  

–  Poten8al  for  alterna8ve  mining  methods  

§  Big  trend  &  excellent  explora8on  tools    

§  Clear  strategy,  competent  team  

 

15

Preliminary  Economic  Assessment  

16 16

KEY  PEA  DATA*  3  YEAR  TRAILING  

AVERAGE  GOLD  PRICE:  5  YEAR  TRAILING  

AVERAGE  GOLD  PRICE:  

NPV  with  8%  discount  rate  (A`er-­‐tax)   $467  million   $331  million  

IRR  (A`er-­‐tax)   41.9%   33.4%  

Average  Annual  Produc8on   145,000  ounces/year  

Processing  Rate   1,700  tonnes/day  

Life  of  Mine   15  years  

Ini8al  Capex  ($38M  con8ngency)   $192  million  

Cash  Costs   $532/ounce  or  $125/tonne  

Diluted  Grade   8.1  g/t  Au  

Gold  Recovery   92%  

All  dollars  quoted  in  $  USD  unless  stated  otherwise  

PEA  results  released  on  July  25,  2012.    The  PEA  is  preliminary  in  nature.    It  includes  inferred  mineral  resources  that  are  considered  too   specula8ve  geologically   to  have   the  economic   considera8ons  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.  

*  Prepared  by  Micon  Interna8onal  Limited  

Underground  ExploraWon  Development  

§  2,000  metres  planned    §  Bulk  sample  for  metallurgical  test  work  §  Demonstrate  vein  con8nuity  §  Convert  ounces  to  Measured  &  Indicated    

 

§  Applica8on  submihed  Feb  18,  2013  §  In  Q1  2013  the  company  finalized  the  pre-­‐

consulta8on  process,  which  included:  

–  Town  hall  mee8ngs  

–  Landowner  engagement  

–  Detailed  presenta8ons  to  involved  government  agencies  

–  Site  visits  by  government  officials  

17  

GETTING  BACK  UNDERGROUND  

PERMITTING  

Becoming  Part  of  the  Community  

18

Norway:  “Let  the  Treasure  Hunt  Begin”  

Industry  Minister,  Trond  Giske  at  Press  conference  announcing  new  direc8on  in  mineral  strategy  for  Norway  (Oct.  2010)  

19

Oslo  

Kongsberg

SOUTHERN  NORWAY  

NORWAY  

FINLAND  SWEDEN  

RUSSIA  

Land  PosiWon  

Northern  Norway  §  Four  concessions  over  three  greenstone  belts  

and  a  basement  window  

Southern  Norway  §  Kongsberg  concession  hos8ng  an  historic  silver  mining  district  

Rombak

NORTHERN  NORWAY  

Greenstone  Belts  

Volcanic  Belts  &  Metasediments  

Kautokeino Ki�lä   Saka�lampi  

Bidjovagge  

Pasvik

Karasjok

Pechenga  NORWAY  

FINLAND  SWEDEN  

RUSSIA  

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2012  ExploraWon  Norway  

§  Largest  of  3  greenstone  belts  

§  10  gold-­‐in-­‐+ll  anomalies  iden+fied  

§  2,476  8ll  samples  collected  

§  48  rock  samples  collected  

§  Completed  8ll  orienta8on  survey  around  former  producing  gold  mine,  Bidjovagge  

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Kautokeino  

Kongsberg  §  Historic  silver  mining  district  with  produc8on  

of  40+  million  ounces  with  average  grades  of  356  g/t  silver  

§  Five  silver  targets  iden+fied    

§  462  stream  sediment  samples  completed  

§  156  rock  samples  completed,  including:  

–  278  g/t  of  silver    

–  61  g/t  of  silver  with  21.60%  zinc  

–  109  g/t  of  silver  with  16.20%  zinc  

Sampling  Program  

Historical  Workings  in  the  Kongsberg  These  poten8al  grades  are  conceptual  in  nature.  There  has  been  insufficient  explora8on  to  define  a  mineral  resource  and  it  is  uncertain  if  further  explora8on  will  result  in  the  target  being  delineated  as  a  mineral  resource.  

Where  We  Are  –  Where  We’re  Headed    

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§  In  the  last  2  years…  

–  >4-­‐fold  increase  in  contained  ounces  

–  Implemented  a  modern  explora8on  organiza8on  

§  Deposit  is  open  in  all  direc8ons  

§  Big  trend  &  proven  explora8on  method  (prospec8ng  >  soil  sampling    >  drilling)  

§  Resource  upgrade  expected  

§  Underground  permit  expected  

 

 

§  We  are  posi8oned  

§  Baseline  studies  underway  

NORTHERN  IRELAND  

NORWAY  

The European Explorer

Patrick F. N. Anderson Chief Executive Officer

Investor Relations

Shae-Lynn Mathers Director, Investor Relations

smathers@dalradian.com 416.583.5622

Trading Symbol:

DNA on TSX DRLDF on OTCQX

Corporate Office:

Dalradian Resources Inc. 155 Wellington Street West

Suite 2920 Toronto, Ontario

Canada M5V 3H1

www.dalradian.com

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