Patrick  F.  N.  Anderson  Chairman  and    Chief  Execu9ve  Officer  

Advanced  Canadian  Explora9on  │    Investor  Presenta9on  February  2012  

Forward-­‐Looking  Statement  &  Qualified  Person  

This  presenta9on  contains  “forward‑looking  informa9on”  which  may  include,  but  is  not  limited  to,  statements  with  respect  to  the  comple9on  of  the  acquisi9on  (the  “Acquisi9on”)  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  opera9ng  performance  of  the  Company  and  its  mineral  projects,  the  future  price  of  metals,  the  es9ma9on  of  mineral  resources,  the  realiza9on  of  mineral  resource  es9mates,  the  9ming  and  amount  of  es9mated  future  produc9on,  costs  of  produc9on,  capital,  opera9ng  and  explora9on  expenditures,  costs  and  9ming  of  the  development  of  new  deposits,  costs  and  9ming  of  future  explora9on,  requirements  for  addi9onal  capital,  government  regula9on  of  mining  opera9ons,  environmental  risks,  reclama9on  expenses,  9tle  disputes  or  claims  and  limita9ons  of  insurance  coverage.  OSen,  but  not  always,  forward‑looking  statements  can  be  iden9fied  by  the  use  of  words  and  phrases  such  as  “plans,”  “expects,”  “is  expected,”  “budget,”  “scheduled,”  “es9mates,”  “forecasts,”  “intends,”  “an9cipates,”  or  “believes”  or  varia9ons  (including  nega9ve  varia9ons)  of  such  words  and  phrases,  or  state  that  certain  ac9ons,  events  or  results  “may,”  “could,”  “would,”  “might”  or  “will”  be  taken,  occur  or  be  achieved.  

Forward-­‐looking  statements  are  based  on  the  opinions  and  es9mates  of  management  as  of  the  date  such  statements  are  made  and  are  based  on  various  assump9ons,  such  as  approvals  from  the  Toronto  Stock  Exchange  and  the  Norwegian  Directorate  of  Mining  will  be  obtained  in  respect  of  the  Acquisi9on,  the  con9nued  poli9cal  stability  in  Northern  Ireland  and  Norway,  that  permits  required  for  the  Company’s  opera9ons  will  be  obtained  in  a  9mely  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  opera9ons  con9nue  to  grow,  that  the  price  of  gold  will  be  at  levels  that  render  the  project  economic,  or  that  the  Company  will  be  able  to  con9nue  raising  the  necessary  capital  to  finance  its  opera9ons  and  realize  on  mineral  resource  es9mates.  

Forward‑looking  statements  involve  known  and  unknown  risks,  uncertain9es  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,  compe99ve,  poli9cal  and  social  uncertain9es;  the  actual  results  of  current  explora9on  ac9vi9es;  actual  results  of  reclama9on  ac9vi9es;  conclusions  of  economic  evalua9ons;  changes  in  project  parameters  as  plans  con9nue  to  be  refined;  future  prices  of  metals;  possible  varia9ons  of  ore  grade  or  recovery  rates;  failure  of  plant,  equipment  or  processes  to  operate  as  an9cipated;  accidents,  labour  disputes  and  other  risks  of  the  mining  industry;  poli9cal  instability;  delays  in  obtaining  governmental  approvals  or  financing  or  in  the  comple9on  of  development  or  construc9on  ac9vi9es,  as  well  as  those  factors  discussed  in  the  sec9on  en9tled  “Risk  Factors”  in  the  Company’s  Annual  Informa9on  Form.    

Although  the  Company  has  a\empted  to  iden9fy  important  factors  that  could  cause  actual  ac9ons,  events  or  results  to  differ  materially  from  those  described  in  forward‑looking  statements,  there  may  be  other  factors  that  cause  ac9ons,  events  or  results  to  differ  from  those  an9cipated,  es9mated  or  intended.  Forward‑looking  statements  contained  herein  are  made  as  of  the  date  of  this  presenta9on  and  the  Company  disclaims  any  obliga9on  to  update  any  forward‑looking  statements,  whether  as  a  result  of  new  informa9on,  future  events  or  results,  except  as  may  be  required  by  applicable  securi9es  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  an9cipated  in  such  statements.    Accordingly,  readers  should  not  place  undue  reliance  on  forward‑looking  statements.  

Some  technical  data  in  this  presenta9on  was  taken  from  the    technical  report  en9tled  “A  updated  Mineral  Resource  Es9mate  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  Kan9  Mukhopadhyay,  M.Sc.,  MAusIMM,  of  Micon  Interna9onal  Limited  (the  “Technical  Report”).  

Damien  Stephens,  BSc.(hons),  M.AIG,  M.AusIMM,  Explora9on  Manager,  Dalradian  Resources,  is  the  Qualified  Person  who  supervised  the  prepara9on  of  the  technical  data  in  this  presenta9on.  

John  McCombe,  PEng,  Chief  Opera9ng  Officer,  Dalradian  Resources  Inc.,  is  the  Qualified  Person  who  supervised  the  prepara9on  of  the  technical  data  in  this  presenta9on.  

 

 

2

Corporate  Informa=on  

TSX   DNA  

Shares  outstanding    Fully  diluted        

83.2  million  93.4  million  

Market  cap.    (Feb.  17,  2012)   $154  million  

Average  volume  (30  day)   72,576  

52  Week  range   $2.42  -­‐  $1.27  

Analyst  coverage    

Andrew  Mikitchook    

Jamie  Spra\  

 

Craig  Stanley  

$2.50

$2.00

$1.50

$1.00

Sep 2011

Oct 2011

Nov 2011

Dec 2011

Feb 2012

Jan 2012

$0.50

$0

$1.85 Feb. 17, 2012

STOCK  PRICE  

3 All  dollars  quoted  in  $  CAD  

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

§  Drills  turning  

§  Approx.  84,000  ha  property  

§  Mining  friendly  country  

–  Government  investment  in  geological  surveys  

–  Excellent  infrastructure  

§  DNA  second  largest  mineral  rights  holder  in  Northern  Ireland  

§  Posi9oned  for  discovery  with  4  greenstone  belts  &  historic  silver  camp  

§  Data  capture  underway  

§  Approx.  1.7M  ha  of  property  

§  Mining  friendly  country  

–  Government  investment  in  geological  surveys  

–  Excellent  infrastructure  

§  DNA  now  largest  mineral  rights  holder  in  Norway  

 A  Growing  Explora=on  Company  

4 1  Refer  to  press  release  en9tled  “Dalradian  Announces  Resource  Increase  at  Curraghinalt”  at  www.dalradian.com  

   NORTHERN  IRELAND      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

Zinkgruvan

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

Kemess South

Hammond Reef

Young-Davidson Mineral Park

El Chanate

Ocampo

El Cubo-Las Torres

Guadalupe y Calvo

San Dimas Buritica

Fruta del Norte Serra Pelada

Del Carmen

Galmoy

Curraghinalt

Aguablanca

Neves-Corvo

Delta Minerals Fosterville

Stawell

Kemess North

Tenke Fungurume

Northern  Ireland    

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

§  Excellent  regional  infrastructure  

§  Over  84,000  hectares  under  explora9on  

§  Poten9al  exists  for  further  precious  and  base  metals  deposits  

7

Exploring for gold along a 50 km trend

Platinum and palladium exploration

Extensive underground mining

Gortin Rousky

Omagh

Curraghinalt Deposit

BELFAST

NORTHERN IRELAND

Cavanacaw Galantas Gold

Conroy Diamonds & Gold

Lonmin

Irish Salt Mining

In production since late 2007

U.K. & BRITISH ISLES

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

•  Geophysics  

•  Geochemistry  

•  Prospec9ng  

•  Mapping  

•  Target  defini9on  

8

Curraghinalt  Trend  

§  Glaciated  terrain  with  minimal  outcrop  

§  Drilling  is  primary  explora9on  tool  

9

Curraghinalt:  Open  Along  Strike  

•  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

10

3D  Schema=c  of  Veins  &  Adit:  looking  west  

11

Development  Timeline  

12

Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013

Jan ‘12

Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan ’13

Feb Mar

Preliminary Economic Assessment

Environmental Baseline Study

U/G Drill Permit Appn U/G Permitting Process U/G Drilling

U/G Exploration Dvlpt Application U/G Exp Dvlpt Permitting Process U/G Exp Dvlpt

Explora=on  Targets  

§  In  addi9on  to  Curraghinalt  we  are  ac9vely  tes9ng  other  high  priority  explora9on  targets  

§  Including:  –  Scotchtown  

•  Along  trend  east  of  Curraghinalt  

•  Subcrop  up  to  10  g/t  Au  –  Alwories  

•  Along  trend  west  of  Curraghinalt  •  Vein  in  quarry  returned  1.88  metres  @  20.8  g/t  

–  Glenlark  •  Separate  trend,  historic  adits  •  1km  long  anomaly  

•  Float  sample  up  to  47  g/t  Au  

–  Cashel  Rock  •  Historic  drill  with  high  grades  –  peak  of  3.63  metres  

         metres  @  30.12  g/t  Au  

•  Mineralized  by  Rhyolite  breccia  pipe  

13

Next  Steps:  Northern  Ireland  

§  Development:  

–  Preliminary  Economic  Assessment  

–  Submission  of  permit  applica9ons  

•  Underground  explora9on  

•  Water  discharge  

 

§  Explora=on:  

–  Curraghinalt  trend  drilling  

–  High  priority  explora9on  target  drilling  

 

§  Corporate  Social  Responsibility  

–  Enhance  CSR  strategy  and  leverage  best  prac9ces  

14

15

Norway: 2011 Mineral Strategy

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

•  The  new  Mineral  Act  legisla9on  passed  in  January  2010  to  promote  mining  ac9vi9es  

•  Minister  of  Industry  announces  large  investment  over  4  years  to  iden9fy  mineral  resources  

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

•  Proper9es  total  more  than  1,700,000  hectares  

Another  Mining  Friendly  Jurisdic=on  

16

Greenstone  Belts  

1.   Kiclä  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  produc9on  of  greater  than  200,000  ounces  of  Au  &  14  M  pounds  of  Cu  

17

Northern  Concessions  

•  Greenstone  belts  of  northern  Finland  host  the  Kiyla  6.8  Moz  gold  mine  and  the  newly  discovered  Anglo  American  Ni-­‐Cu  discovery.  

•  Land  posi9on  covers  more  than  70%  of  the  strike  extension  of  these  same  greenstone  belts  in  Norway.  

•  Remarkably  underexplored  with  one  historic  gold  mine  and  abundant  alluvial  gold  occurrences.  

•  Good  infrastructure  with  large  popula9on  centres,  paved  highways  and  thin  or  absent  forest  cover  

18

Southern  Concessions  

•  Produc9on  from  17th  century  to  mid  20th  century  

•  Es9mated  40M  ounces  of  silver  mined  with  average  cut  off  grades  of  over  400  g/t  

•  Was  once  the  largest  mining  district  in  Europe  

Kongsberg    

19

Next  Steps:  Norway  

•  Data  acquisi9on/compila9on  

•  Data  analysis  

•  Boots  on  the  ground  

•  Target  Selec9on  

•  Ground  Truthing  

•  Drill,  drill,  drill…  

20

21

Appendix

The  Tellus  Project  and  Explora=on  

LICENSE  MAP  BEFORE  THE  TELLUS  PROJECT  

22

The  Tellus  Project  and  Explora=on  

LICENSE  MAP  AFTER  THE  TELLUS  PROJECT  

23

3  Explora=on  Trends  -­‐  Magne=cs  

24

Ac=ve  Resource  Industry  in  County  Tyrone  

25

There are approximately 150 quarries across Northern Ireland

Ac=ve  Resource  Industry  in  County  Tyrone  

26

Vein  2010                M+I                    

Ounces  (1)  

2010  Inferred  Ounces  (1)  

2011                                M+I                    

Ounces  (2)  

2011    Inferred  Ounces  (2)  

No.  1   102,929   306,135   123,778   596,969  106-­‐16   100,202   314,128   162,035   429,048  T17   86,245   234,165   56,055   307,339  Crow   0   15,580   0   282,568  Bend   0   24,379   0   213,344  V75   18,982   21,234   32,874   100,937  Sheep  Dip   3,595   23,808   6,809   69,107  Mullan   3,140   42,774   1,797   57,346  Road   0   0   4,677   53,002  Others   113,351   173,484   82,875   122,803  Total  Ounces   428,444   1,155,687   470,899   2,232,464  

(1)  43-101 resource by Micon dated May 10, 2010 (2)  43-101 resource by Micon dated Jan 10, 2012, effective date November 30, 2011

A Growing European Precious Metals Explorer

Patrick F. N. Anderson

Chairman & Chief Executive Officer

Investor Relations

Shae-Lynn Mathers Director, Investor Relations

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