dna inves pre_september_21_2011_final

Curraghinalt Deposit

A Golden Opportunity In Northern Ireland

Investor Presentation September 2011

Patrick F. N. Anderson Chairman and

Chief Executive Officer

Forward-Looking Information and Qualified Person

Certain statements in this presentation, other than statements of historical facts relating to the company, constitute “forward‑looking information” within the meaning of applicable securities laws. Such forward-looking information may include, but is not limited to, statements with respect to the future financial or operating performance of the company, its subsidiary and its 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 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 litigation and regulatory matters. Often, but not always, forward‑looking statements can be identified by the use of words 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 continued political 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 its planned drilling programs, that skilled personnel and contractors will be available as the company’s operations continue to grow, that the price of gold will remain at levels that render the project economic, and 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.

Forward‑looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company and/or its subsidiary 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 exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of metals, including gold; possible variations of ore grade or recovery rates; failure to convert estimated mineral resources into mineral reserves; failure of plant, equipment or processes to operate as anticipated; actual results of reclamation activities; accidents, labour disputes; political instability and risks arising from operating in Northern Ireland; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; uncertainties relating to the availability of future financing; inflation; fluctuations in exchange rates; uninsured risks and other risks of the mining industry.

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 hereof 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.

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 Exploration Program for the Tyrone Project, County Tyrone and County Londonderry, Northern Ireland” dated May 10, 2010, prepared by B. Terrence Hennessey, P.Geo., and Dibya Kanti Mukhopadhyay, M.Sc., MAusIMM, of Micon International Limited (the “Technical Report”).

Eur Geol Garth Earls, Managing Director, Dalradian Gold Limited, is the Qualified Person who supervised the preparation of the technical data in this presentation.

2

Why Invest?

•  High-grade 1.5MM ounce gold resource (all categories) •  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%

3

Capital Structure

•  TSX: DNA

•  Shares outstanding – 69.8 million - Fully diluted – 76.3 million - Market cap - $134.8 million - Average volume (10 day) – 283,511

•  Analyst coverage –  GMP: Andrew Mikitchook –  Clarus: Laurie Curtis

4

As at September 21, 2011

Board & Management: A Track Record of Discovery and Development

Patrick F. N. Anderson Chairman and Chief Executive OfficerFormer CEO of Aurelian Resources Inc. Also Director of Colossus Minerals Inc., Malbex Resources Inc. and Continental Gold Limited Colin K. BennerChairman of Capstone Mining Corp., Creston Moly Corp., and Corsa Capital Ltd. Joseph F. Conway CEO of Primero Mining Corp. Former CEO of IAMGOLD Corporation Ronald P. GagelFormer SVP and CFO of FNX Mining Company Inc. Also Director of Adriana Resources Inc. and Stonegate Agricom Ltd.

Keith D. McKay Chief Financial Officer Former CFO of Aurelian Resources Inc. And Director of Noront Resources Ltd. Thomas J. Obradovich Former CEO of Young-Davidson Mines Ltd. Former Director of Aurelian Resources Inc. Chairman of Lago Dourado Minerals Ltd. Sean E. O. Roosen CEO of Osisko Mining Corporation Also Director of Rio Novo Gold Inc. and Bowmore Exploration Ltd. Ari B. SussmanChairman and CEO of Colossus Minerals Inc. CEO of Continental Gold Limited

5

Exploring Northern Ireland

•  Devolved government within the United Kingdom

•  Currency: pound sterling

•  Population: approximately 1.8 million

•  The government of Northern Ireland recently invested approximately C$15 million in geological surveys to attract investment

6

Tellus Project

Northern Ireland: A Resource Rich Country

•  Excellent regional infrastructure

•  Our flagship asset is the Curraghinalt mesothermal high grade gold deposit

•  Over 84,000 hectares under exploration

•  Potential exists for further precious and base metals deposits

7

Lonmin PLC is exploring for platinum and palladium

Conroy Diamonds & Gold exploring for gold along a 50 km trend

Galantas Gold Corporation has been in production since late 2007

Active Resource Industry in County Tyrone

8

Cavanacaw Gold Mine Sand and gravel pit

100 metres

•  There are approximately 150 open cast operations in the region

Peat Harvesting Gortin Glen Logging

9 9

Curraghinalt: 3D Schematic of Veins and Adit

•  Work historically focused proximal to discovery outcrop

Current Drilling Program: Resource Expansion

10

•  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

Please see Appendix for cross-sections.

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256500

256500

257000

257000

257500

257500

258000

258000

3860

00

3860

00

3865

00

3865

00

3870

00

3870

00

Tyrone ProjectCurraghinalt Deposit

Figure 2: Drillhole Locationsand Section Lines

Projection: Irish National GridScale: 1:9,000

Drawing: KB

Office: Gortin

Author: Dalradian

Date: 30/08/2011

0 100 200 300

Meters

±

A

F

C'D'

F'

11-CT-99

11-CT-97b

ABB-DABB-G

106-16

V75Bend

Crow

T17

MullanSheep Dip

Road

Crows Foot Shear

Kiln Shear

Kiln Shear

Drillholes

(! Reported drillhole

(! Dalradian Resources drillhole

Previous operator's drillhole

Planned Drillholes

(! Irish Drilling

(! Major Drilling

Veins included in reported 43-101 resource

Veins included in reported 43-101 resource

Shear zone

Adit

No1

A'

C

D

11-CT-95 11-CT-98

B'

B

E'

E

11-CT-90

11-CT-94

11-CT-9611-CT-92

Crows Foot Shear

Veins open at depth

•  Longer holes intercept as many as nine veins

•  Proximity favourable for shared infrastructure

11

E'E

386,800mN

200mM

SL 0m

MSL

-200mM

SL

386,400mN

386,600mN

386,600mN

386,400mN

386,000mN

386,200mN

386,200mN -400

mM

SL

386,000mN385,800mN

-400mM

SL 2

00m

MSL

0m

MSL

-200

mM

SL

11-C

T-89

Intercepts reported as:True width (m), Au grade (g/t)

100

Drawing: SC

Scale: 1:4000

0 25

Curraghinalt DepositE - E'

(Section 257050E)Date:07/06/2011

metres

50

Projection: Non-Earth (meters)

Author: Dalradian

Office: Gortin Shear zone

Vein (intersected)

Vein (projected)

Legend

Planned drillhole

Reported drillhole

Drillholecomplete/active

Cross Section Looking West

12

Long Section – T17 Vein

13

25

66

00

E

25

66

00

E

25

68

00

E

25

68

00

E

25

70

00

E

25

70

00

E

25

72

00

E

25

72

00

E

25

74

00

E

25

74

00

E

25

76

00

E

25

76

00

E

25

78

00

E

25

78

00

E

25

80

00

E

25

80

00

E

25

82

00

E

25

82

00

E

25

84

00

E

25

84

00

E

-900 -900

-800 -800

-700 -700

-600 -600

-500 -500

-400 -400

-300 -300

-200 -200

-100 -100

0 0

100 100

200 200

300 300

400 400

West East Projection


Section Northing: 386350

T17 Vein

Scale 1:7000 Date: 30/08/11

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=>?@A@%*$B"*/$.%C;.-<5/$.%D$:"'*<$:%

=>?@A@%*$B"*/$.%C;E$**$.%D$:"'*<$:

F*-##0"#$:%-;%/0-:%B*$::%*$#$5:$1<".$.%)G%6*5(:%B$*%($/$*2

F*-##0"#$:%"'/:-.$%*$:"'*<$1<".$.%)G%6*5(:%B$*%($/$*2

4*5(:%B$*%($/$*%4"#.

H%I

I%?%@A

@A%?%@I

JK%@I

11-CT-90

0.65

33.85

11-CT-98

0.97

14.05

11-CT-99

2.70

5.34

Long Section – No. 1 Vein

14

25

62

00

E

25

62

00

E

25

64

00

E

25

64

00

E

25

66

00

E

25

66

00

E

25

68

00

E

25

68

00

E

25

70

00

E

25

70

00

E

25

72

00

E

25

72

00

E

25

74

00

E

25

74

00

E

25

76

00

E

25

76

00

E

25

78

00

E

25

78

00

E

25

80

00

E

25

80

00

E

-800 -800

-700 -700

-600 -600

-500 -500

-400 -400

-300 -300

-200 -200

-100 -100

0 0

100 100

200 200

300 300

400 400

500 500

West East Projection


Section Northing: 386200

No.1 Vein

Scale 1:7000 Date: 30/08/11

!"#$%&'()$*+*'$%,-./0%1(2%3'%4*5.$%167/2

8*$9-"':%.*-##0"#$:%-;%*$:"'*<$

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F*-##0"#$:%-;%/0-:%B*$::%*$#$5:$1<".$.%)G%6*5(:%B$*%($/$*2

F*-##0"#$:%"'/:-.$%*$:"'*<$1<".$.%)G%6*5(:%B$*%($/$*2

4*5(:%B$*%($/$*%4"#.

H%I

I%?%@A

@A%?%@I

JK%@I

11-CT-94

7.54

5.84

11-CT-95

0.28

21.52

Comparing Curraghinalt Drilling to Mesothermal Model Demonstrates Potential for Expansion

15

•  Potential exists to discover additional veins proximal to resource and new veins outside the principal zone

•  System open along strike and down dip

•  Additional potential to north and south

After Colvine, A.C. et al, 1989. An empirical model for the formation of Archean gold deposits: Economic Geology Monograph (The Geology of Gold Deposits: The Perspective in 1988), p 37-53.

Open along strike

16

•  Glaciated terrain with minimal outcrop

•  Drilling is primary exploration tool

19 Target Areas – 3 Exploration Trends

17

Curraghinalt Trend

Glenlark Trend

Regional Exploration Plan

18

•  April 2011 Regional Exploration Commenced •  April – May 2011 4 Seasoned Canadian Prospectors enlisted to traditionally

prospect the property which was previously underexplored. This group had a tremendous track record for new surface discoveries.

•  July 2011 Dedicated drill onsite for Regional Exploration •  July 2011 Prospecting Identified 19 New Gold and Base Metal Targets:

-  12 targets in Dalradian metasediments -  7 targets in Tyrone Volcanic Group

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 strategy

20

Appendix

21

Curraghinalt NI 43-101 Technical Report

•  Prepared by Micon International Limited

•  Dated May 10, 2010

•  Updated from November 2007 and reflects revised gold price

22

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.com

Multiple High Grade Gold Veins – 43-101

23

Name Width Grade Depth Sheep Dip Vein 1.1 m 29.3 g/t 149.6 m

1.3 m 31.4 g/t 36.1 m

Mullen Vein 1.0 m 19.3 g/t 274.0 m 1.3 m 19.6 g/t 49.9 m

T-17 HW Vein 4.1 m 42.7 g/t 42.9 m 1.6 m 56.3 g/t 416.2 m

T-17 Vein 3.4 m 68.1 g/t 39.6 m 1.5 m 27.0 g/t 107.0 m

No. 1 Vein 2.0 m 48.7 g/t 77.0 m 1.3 m 65.7 g/t 159.8 m

106-16 Vein 2.0 m 24.0 g/t 41.5 m

3.3 m 16.9 g/t 615.7 m

Road Cut Vein 1.6 m 14.1 g/t 55.5 m 1.2 m 13.9 g/t 123.1 m

Cross-section A to A'

24

-200mM

SL 0m

MSL

200mM

SL -400m

MSL

386,400mN

386,400mN 386,600mN

386,600mN

386,800mN

386,000mN

386,200mN

386,200mN

386,000mN

-400

mM

SL385,800mN

200

mM

SL -2

00m

MSL

0m

MSL

0.28m @ 21.52 g/t

11-CT-95

Hole in progress

Hole in progress

517.00m E.O.H.

-200mM

SL 0m

MSL

200mM

SL -400m

MSL

386,400mN

386,400mN 386,600mN

386,600mN

386,800mN

386,000mN

386,200mN

386,200mN

386,000mN

-400

mM

SL385,800mN

200

mM

SL -2

00m

MSL

0m

MSL

0.28m @ 21.52 g/t

11-CT-95

Hole in progress

Hole in progress

517.00m E.O.H.

Intercepts reported as:True width (m), Au grade (g/t)Drawing: KB

Curraghinalt DepositFigure 3: A - A'

(Section 256685E)Date:30/08/2011

Dalradian Resources


Author: Dalradian

Office: Gortin

Scale: 1:4000

Shear zone

Vein (projected)

Vein (intersected)

Legend

Planned drillhole

Drillholecomplete/activeReported drillhole

Cross-section B to B'

25

-600mM

SL -400m

MSL

-800mM

SL387,000mN

387,000mN

387,200mN386,600mN

386,800mN386,600mN386,400mN

386,800mN 2

00m

MSL

385, 600mN

0mM

SL 200m

MSL

387, 200mN

-200mM

SL

386,200mN

386,400mN386,200mN385,800mN

385,800mN

386,000mN

386,000mN

-200

mM

SL -8

00m

MSL

-600

mM

SL -4

00m

MSL

0m

MSL

385,600mN

B'B

150

metres

300


Author: Dalradian

Office: Gortin

Scale: 1:7000

Date:30/08/2011

Drawing: KB

Curraghinalt DepositFigure 4: B - B'

(Section 257280E)

0 75


Shear zone

Vein (projected)

Vein (intersected)

Legend

Planned drillhole


Cross-section C to C'

26 11

-CT-

97b

-200mM

SL -400m

MSL

-800mM

SL -600m

MSL

386,800mN

386,800mN

387,000mN

387,000mN

387,200mN

386,600mN

386,600mN386,400mN

386,400mN

0mM

SL385,400mN

200

mM

SL 200m

MSL

386,200mN

386,200mN

385,800mN

386,000mN

386,000mN

0m

MSL

-800

mM

SL

385,800mN385,600mN

385,600mN

-600

mM

SL -4

00m

MSL

-200

mM

SL

C C'

11-C

T-94

150

metres

300


Office: Gortin

Projection: Non-Earth (meters)Scale: 1:7000

Drawing: KB

Curraghinalt DepositFigure 5: C - C'

(Section 257470E)Date:30/08/2011

Dalradian Resources

Author: Dalradian

0 75

Shear zone

Vein (projected)

Vein (intersected)

Legend

Planned drillhole


Cross-section D to D'

27

200mM

SL -600m

MSL

-1,000mM

SL -800m

MSL

-400mM

SL -200m

MSL

0mM

SL386,400mN 387,200mN386,600mN

386,600mN

386,800mN

386,800mN

387,000mN

387,000mN386,400mN385,600mN

385,800mN385,400mN 385,600mN 386,000mN 386,200mN

385,800mN 386,000mN 386,200mN

-800

mM

SL -6

00m

MSL

385,400mN -1,0

00m

MSL

200

mM

SL 0

mM

SL -4

00m

MSL

-200

mM

SL

D'D

11-C

T-98

Planned hole

Planned hole

Hole in progress

1005.00 E.O.H.

150

metres

300


Curraghinalt DepositFigure 6: D - D'

(Section 257680E)Date:30/08/2011

Author: Dalradian

Office: Gortin


Drawing: KB

Scale: 1:8000

750

Shear zone

Vein (projected)

Vein (intersected)

Legend

Planned drillhole


Cross-section E to E'

28

200mM

SL -400m

MSL

-200mM

SL 0m

MSL

-1,000mM

SL

386,800mN 387,000mN

386,400mN

386,600mN 387,200mN

386,800mN386,600mN 387,000mN 387,200mN

386,200mN 386,400mN -1,0

00m

MSL

385,400mN

-800

mM

SL -800m

MSL

-600

mM

SL -600m

MSL

386,200mN

386,000mN385,600mN

385,400mN 385,600mN 385,800mN

385,800mN

386,000mN -4

00m

MSL

-200

mM

SL 0

mM

SL 2

00m

MSL

E'E

11-C

T-96

11-C

T-92

Planned hole

Planned hole

355.00 E.O.H.

469.00 E.O.H.

Planned hole

Planned hole


150

metres

300

Drawing: KB

Curraghinalt DepositFigure 7: E - E'

(Section 257850E)Date:.30/08/2011

Dalradian Resources

Scale: 1:8000 Projection: Non-Earth (meters)

Author: Dalradian

Office: Gortin

0 75

Shear zone

Vein (projected)

Vein (intersected)

Legend

Planned drillhole


Cross-section F to F'

29 11

-CT-

99

-400mM

SL

386,800mN

-800mM

SL -600m

MSL

387,000mN386,800mN

386,200mN386,000mN

386,200mN 386,400mN

386,400mN

386,600mN

386,600mN

-800

mM

SL -6

00m

MSL

-400

mM

SL -2

00m

MSL

-200mM

SL 0

mM

SL 0m

MSL

200

mM

SL 200m

MSL

385,600mN

385,800mN

385,800mN

386,000mN385,600mN385,200mN 385,400mN

385,400mN

Planned hole

Planned hole

Planned hole

Hole in progress

Planned hole

Planned hole


Curraghinalt DepositFigure 8: F - F'

(Section 258235E)

150

metres

300

Drawing: KB

Scale: 1:7000 Projection: Non-Earth (meters)

Date:30/08/2011

Author: Dalradian

Office: Gortin

750

Shear zone

Vein (projected)

Vein (intersected)

Legend

Planned drillhole


A Golden Opportunity in Northern Ireland

Patrick F. N. Anderson

Chairman and Chief Executive Officer

Shae-Lynn Mathers

Director, Investor Relations: 416-583-5622

[email protected]

Trading Symbol: DNA on TSX

Corporate Office:

Dalradian Resources Inc. 155 Wellington Street West

Suite 2920 Toronto, ON M5V 3H1

www.dalradian.com

dna inves pre_september_21_2011_final

Business

future results

forwardlooking statements

future events

timing of future exploration

mineral project

future nancial

forwardlooking information

statements of historical