Patrick  F.  N.  Anderson  Chief  Execu8ve  Officer  

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

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

Forward-­‐Looking  Informa;on  and  Qualified  Person  

This  presenta8on  contains  “forward‑looking  informa8on”  which  may  include,  but  is  not  limited  to,  statements  with  respect  to  the  comple8on  of  the  acquisi8on  (the  “Acquisi8on”)  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  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  approvals  from  the  Toronto  Stock  Exchange  and  the  Norwegian  Directorate  of  Mining  will  be  obtained  in  respect  of  the  Acquisi8on,  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  drilling  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  project  economic,  or  that  the  Company  will  be  able  to  con8nue  raising  the  necessary  capital  to  finance  its  opera8ons  and  realize  on  mineral  resource  es8mates.  

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  explora8on  ac8vi8es;  actual  results  of  reclama8on  ac8vi8es;  conclusions  of  economic  evalua8ons;  changes  in  project  parameters  as  plans  con8nue  to  be  refined;  future  prices  of  metals;  possible  varia8ons  of  ore  grade  or  recovery  rates;  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  aeempted  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.  

Some  technical  data  in  this  presenta8on  was  taken  from  the    technical  report  en8tled  “A  updated  Mineral  Resource  Es8mate  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  Kan8  Mukhopadhyay,  M.Sc.,  MAusIMM,  of  Micon  Interna8onal  Limited  (the  “Technical  Report”).  

John  McCombe,  PEng,  Chief  Opera8ng  Officer,  Dalradian  Resources  Inc.,  is  the  Qualified  Person  who  supervised  the  prepara8on  of  the  technical  data  in  this  presenta8on.  

2

OVERVIEW  AND  CORPORATE  

Capital  Structure  

STOCK  PRICE  

All  dollars  quoted  in  $  CAD  

TSX,  OTCQX:   DNA,  DRLDF  

Shares  outstanding:  Fully  diluted  :  (May  7,  2013)  

89.5  million  97.0  million  

Market  cap:  (June  26,  2013)   $51.0  million  

Average  volume:  (30  day)   51,283  

52  Week  Range:   $1.90  -­‐  $0.58  Insider  ownership:  (approximate)   6%  

Cash  balance:  (as  at  March  31,  2013)   $16.5  million  

Analyst  coverage:  (targets  range  from    

$3.00-­‐$1.90)    

Jamie  Sprae      Steve  Parsons  

 

 Craig  Stanley                                    Laurie  Cur8s  

 

 

John  Hayes                                            Bart  Jaworski  

4  

$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  

$0.57 June 26, 2013

DNA  

Gold  Price  

The  Board:  A  Track  Record  of  Discovery  and  Development  

5  

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

JONATHAN  A.  RUBENSTEIN  Director  of  Eldorado  Gold  Corpora;on  Director  of  Detour  Gold  

Chairman  &  Director  of  MAG  Silver  Corp.  

Former  Director  of  Aurelian  Resources,  SuZon  Resources,  Canico  Resource  Corp  &  Cumberland  Resources  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  

GRENVILLE  THOMAS  CHIEF  FINANCIAL  OFFICER  Chairman  of  Strongbow  Explora;on  Inc.  

Former  Chairman,  President  &  Director  of  Aber  Resources  (Harry  Winston  Diamond  Corp.)  now  Dominion  Diamond  

NORWAY  

High-­‐Grade  Targets  in  Low  Risk  Jurisdic;ons  

6

§  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  

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  

8  

Gor8n  

Omagh  

Curraghinalt  

BELFAST  

NORTHERN  IRELAND  

Galantas  Gold  

Conroy  Diamonds  &  Gold  

Lonmin  

Irish  Salt  Mining  

Underground  Salt  Mine  

Clon;bret  

Croagh  Patrick  Parys  Mountain  

Gwynfynydd  Galmoy   Avoca  

Pallas  Green  Silvermines  

South  Cro_y  

Curraghinalt  Gold  Deposit  

Gold  Base  Metals  Salt  Mine  

Allihies  Copper  Mines  

Galantas  Gold  Permieed  in  2007  

Scotgold  Permieed  in  2012  

Vedanta  Resources  In  produc8on  

Boliden  In  produc8on  

IMC  Explora;on  354  g/t  gold  over  1.5m  

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  

Since  Incep;on…  

2009  •  Project  Acquisi8on  -­‐  December  •  600  k  ounce  gold  resource1  

2010  •  Increased  to  1.5  M  ounce  gold  resource1  •  IPO  -­‐  August  

2011  •  7  rigs  onsite  •  Increased  to  2.7  M  ounce  gold  resource1  

2012  •  Robust  PEA  announced    •  New  discovery  -­‐  Alwories  

2013  •  Underground  explora8on  development  permit  submieed  and  expected  by  Q4  

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

DG3  

Gor;n  

Permibng  is  Possible  

10  

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  

Social  License  

11

Local  sports  team  support  

Launch  of  Dalradian  fundraising  and  corporate  support  campaign  for  the  MS  Society  

130  leeers  and  2  pe88ons  sent  in  support  of  the  project  during  the  underground  development  permivng  process    

Local  sports  team  support  

Awarded  in  Top  30  Irish-­‐North  American  Companies  for  2012  &  2013  

Training  &  PPE  is  provided  to  local  land  owners  to  ensure  they  work  safely  

CURRAGHINALT  

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

Not  a  Trend  but  a  District  

GLACIATED  TERRAIN  WITH  MINIMAL  OUTCROP  

12 km

1700m

Curraghinalt Deposit

Curraghinalt Trend

13

Curraghinalt Trend Veins in Current Resource Intersected Veins

Historical Findings Geochem Anomaly

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)

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

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

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

Attagh Burn 2.47m @ 18.99 g/t Au

Broader  Mineralized  Zones  

14

CROSS-­‐SECTION  A  –  A’  

Adit  

0 200   400  

METRES  

A  Growing  Resource:  600,000  Ounces  to  2.7  million  Ounces  

15

2007  Resource  

2010  Resource  

2011  Resource  

2012  Interpreta8ve  vein  extents  

Drilling  post  2011  Resource  

Curraghinalt:  A  Growing  Resource  

16

2.47  m  @  5.19  g/t  

0.10  m  @  21.28  g/t  

0.44  m  @  11.68  g/t  

0.60  m  @  6.02  g/t  0.43m  @  14.57  g/t  

0.65  m  @  15.04  g/t  

0.38  m  @  3.73  g/t  

2.22  m  @  14.1  g/t  

4.72  m  @  14.82  g/t  

1.47  m  @  23.6  g/t  

Curraghinalt

Alwories Attagh Burn

3.6 km

2007  Resource  

2010  Resource  

2011  Resource  

2012  Interpreted  vein  extents  

Drilling  post  2011  Resource  

Golan  Burn  to  Curraghinalt  

17

6.5 km

2007  Resource  

2010  Resource  

2011  Resource  

2012  Interpreted  vein  extents  

Drilling  post  2011  Resource  

Curraghinalt

Measured:  0.01  Moz  Au  @  21.51  g/t)  

Indicated  :  0.46  Moz  Au  @  12.84  g/t)  

Inferred:      2.23  Moz  Au  @  12.74  g/t)  

§  Open  in  all  direc8ons  except  up  

18

CURRAGHINALT  RESOURCE  ESTIMATE    

0  

10000  

20000  

30000  

40000  

50000  

60000  

70000  

80000  

90000  

0.0  

0.5  

1.0  

1.5  

2.0  

2.5  

3.0  

3.5  

4.0  

4.5  

5.0  

2007                      (Pre-­‐DNA)  

2010  DNA  Year  1  

2011  DNA  Year  2  

2012  DNA  Year  3  

Millions  of  Ounces  Metres  Drilled  

27  years  of  work   3  years  of  work  

§  1986-­‐1987  resources  es8mates  are  historic  non  43-­‐101  compliant  resources  

§  2003  to  2011  resource  es8mates  are  reported  43-­‐101  compliant  

Images  presented  for  illustra8ve  purposes  only  

Curraghinalt  Resource  

RESOURCE  AS  AT    NOV  2011:    

?

PRELIMINARY  ECONOMIC  ASSESSMENT  

Preliminary  Economic  Assessment  

20 20

KEY  PEA  DATA*  3  YEAR  TRAILING  

AVERAGE  GOLD  PRICE:  $1378/ounce  

5  YEAR  TRAILING  AVERAGE  GOLD  PRICE:  

$1,166/ounce  

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%  

Payback   2  years  

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  

PEA:  Mining  

21 21

21

Longhole  Mining  with  Ramp  Access  &  Truck  Haulage:  §  Local  availability  of  experienced  longhole  miners  §  More  dilu8ve  than  cut  and  fill  but  less  expensive  and  

easier  to  manage  §  1.8  metres  mined  width  (80%  dilu8on  on  resource)  §  20  metre  sub  level  spacing  §  Less  than  10  working  faces  at  any  one  8me  

PROJECT  PRODUCTION  RATE  

(TPD)  MINING  COST  (US$/T  MILLED)   COMMENTS  

Curraghinalt  (Dalradian,  N.  Ireland)  

1,700    (planned)  

$76.50  (US$/t  mined)  (PEA  es8mate)   1.8  m  stope  widths  

Bulyanhulu  (African  Barrick,  Tanzania)   3,300   $156.00   Narrow,  steeply-­‐dipping  veins  

Daisy  Milano  (Silver  Lake  Resources,  W.  Australia)  

540   Cash  Costs  of  $660/oz   Stope  widths  down  to  1  m  

Lawlers  (Barrick,  Australia)   2,200   $30.06  

(2003)   Shallow  dipping  veins,  2-­‐6  m  thick  

Development  tunneling  at  Bulyanhulu  Gold  Mine  

UNDERGROUND  EXPLORATION  DEVELOPMENT  

Background  

§  Exis8ng  explora8on  tunnel  permieed  in  1987  and  subsequently  constructed  by  Ulster  Minerals  in  the  late  80s,  with  works  consis8ng  of:  

–  A  410  m  adit  (3.0  x  2.5  m)  and  two  dri^s  totalling  290  m  (s8ll  accessible,  stable  and  in  use)  

–  Ancillary  buildings  (now  removed)  

–  Onsite  stockpiles  of  surplus  rock  (since  re-­‐graded  into  exis8ng  slope  contours)  

–  Quan88es  of  mineralised  rock  transported  to  offsite  tes8ng  facili8es  

§  DGL  acquired  the  Curraghinalt  Project  in  late  2009  and  commenced  surface  explora8on  drilling  in  2010    

§  DGL  upgraded  the  resource  es8mates  in  Q2/2011  and  again  in  Q4/2011  

–  Current  resource  stands  at  2.7  million  oz.  gold  (all  categories)  

§  DGL  completed  Preliminary  Economic  Assessment  (PEA)  in  Q3/2012  

§  Next  step  is  to  conduct  underground  explora8on  development  

23

Curraghinalt  Adit  

24

Underground  Explora;on  Development  

§  Extend  the  exis8ng  adit  by  approximately  260  m  to  intersect  all  known  veins;  

§  Dri^  along  several  of  the  known  veins  &  demonstrate  vein  con8nuity;  

§  Install  a  ramp  to  access  150  m  level,  approximately  20  m  below  exis8ng  workings;  

§  Removal  of  large  bulk  sample  for  metallurgical  test  work.  

§ Dalradian  is  reques8ng  planning  permission  to  complete  approximately  2,000  m  of  underground  explora8on  development  

T17  

No.  1  

106-­‐16  

Bend  

Crow  

Road  

Sheep  Dip  

Mullan  

Proposed  Access  Ramp  to  Sub-­‐Level  

Proposed  Tunnel  Extensions  at  Sub-­‐Level  

Proposed  Tunnel  Extensions  at  170  M  Level  

Exis;ng  Explora;on  Tunnel  

26

Conceptual  Sublevel  Development

2,000  m  Planned  with  the  Goal  to:  

•  Demonstrate  con8nuity  of  thickness  and  grade  of  mineralized  veins.  •  Convert  addi8onal  resources  to  Measured  and  Indicated.  

•  Test  mining  and  backfill  methods.  •  Inves8gate  geotechnical  and  hydrogeological  condi8ons.  •  Produce  a  bulk  sample  for  metallurgical  test  work.  •  Test  the  permivng  process.  

ROAD

 

SHEEPD

IP  

MULLAN

 

T17  No.  1  

106_16  

BEND  

CROW  

EXISTING  DEVELOPMENT  PLANNED    DEVELOPMENT  

PLANNED    DEVELOPMENT  

PLANNED    STOPING  

Surface  Facili;es  

Proposed  Works  –  Surface  Facili;es:  

§  Designated  on-­‐site  storage  area  for  surplus  rock    

§  Temporary  water  treatment  facility  

§  Temporary  on-­‐site  explosives  store  

§  Ancillary  facili8es:  office,  welfare,  services,  parking,  etc.  

§  Project  will  be  constructed  on  surface  lands  controlled  by  DGL  

27

Permibng  Process  

§  Consulta8on  with  The  Crown  Estate  and  DETI  §  Consulta8on  with  other  stakeholders  &  regulators  §  Planning  permission  (DoE  Planning  Service  –  Strategic  Planning  Division)  §  Explosives  storage  consent,  revision  to  the  exis8ng  discharge  consent;  water  abstrac8on  licence;  

waste  management  (NIEA)  

§  Explosives  store  consent  (DoJ  /  DoE)  

28

Pre-­‐  consulta;on  

Revisions  to  Exis;ng  Permits  

Mobiliza;on  and  Site  Prep.  

2013   2014  Q1   Q2   Q3   Q4   Q1  

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

Planning  Process  

Explosives  Storage  Consent  

Contractor  Selec;on  

UG  Development  

EIA  not  required  

Planning  Permission  

Judiciary  Review  Period  

Where  We’re  Headed    

29

§  Deposit  re-­‐evalua8on        Ongoing  §  Drill  results  finalized      Q3  2013  §  Historic  sampling  program  comple8on    Q3  2013  §  Historic  sampling  interpreta8on  &  results    Q4  2013  §  EIA  Requirement  Determina8on    Not  Required  §  Underground  permit      Q4  2013  §  Underground  work  commences    Q1  2014          §  We  are  posi8oned  §  Baseline  studies  underway  

NORTHERN  IRELAND  

NORWAY  

✓

Next  Stop  

Underground  Tour  of  Curraghinalt  Deposit  

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