Patrick  F.  N.  Anderson    Chairman  and  Chief  Execu9ve  Officer  

The  European  Explorer      │    October  2012  

Forward-­‐Looking  Statement  &  Qualified  Persons  

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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.  ORen,  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,  and  that  the  assump9ons  contained  in  the  Preliminary  Economic  Assessment  rela9ng  to  the  Curraghinalt  Deposit  are  accurate  and  complete.    

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  and  future  explora9on  ac9vi9es;  actual  results  of  reclama9on  ac9vi9es;  conclusions  of  economic  evalua9ons;  changes  in  project  parameters  and/or  economic  assessments  as  plans  con9nue  to  be  refined;  future  prices  of  metals;  possible  varia9ons  of  mineral  grade  or  recovery  rates;  the  risk  that  actual  costs  may  excel  es9mated  costs;  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  “An  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”).  

Mar9n  Moloney,  BSc.(hons),  M.AIG,  Senior  Geologist,  Dalradian  Resources,  is  the  Qualified  Person  who  supervised  the  prepara9on  of  the  explora9on  technical  data  for  Northern  Ireland  in  this  presenta9on.  

Michele  L.  Cote,  MSc.,  P.  Geo.,  Dalradian  Resources,  is  the  Qualified  Person  who  supervised  the  prepara9on  of  the  explora9on  technical  data  for  Norway  in  this  presenta9on.  

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

The   technical   informa9on   contained   in   this  news   release   is  based  upon   informa9on  prepared  by  Messrs.  Hennessey,   Jacobs,  Villeneuve,  Damjanović   and  Foo  of  Micon   Interna9onal   Ltd.,  who  are  each  a  Qualified  Person  as  defined  by  NI  43-­‐101.  Messrs.  Hennessey,  Jacobs,  Villeneuve,  Damjanović  and  Foo  are  independent  of  Dalradian  as  defined  by  NI  43-­‐101.  

 

 

 

Agenda  

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Norway  

Northern  Ireland  

1.    Dalradian  Summary  

2.    Northern  Ireland  Project  IntroducDon    

3.    ExploraDon  –  Northern  Ireland    

4.    Curraghinalt  Deposit  -­‐  Resource  Summary  

5.    Preliminary  Economic  Assessment  Results  

6.    ExploraDon  –  Norway  

Capital  Structure  

TSX,  OTCQX:   DNA,  DRLDF  

Shares  outstanding:  Fully  diluted  :  (September  30,  2012)  

89.5  million  97.5  million  

Market  cap:  (October  2,  2012)   $113.5  million  

Average  volume:  (30  day)   128,439  

52  Week  Range:   $2.42  -­‐  $0.62  

Insider  ownership:  (approximate)  

6%  

Cash  balance:  (as  at  June  30,  2012)   $32.7  million  

Analyst  coverage:  Jamie  Spra]    

Craig  Stanley  

DNA  STOCK  PRICE  

All  dollars  quoted  in  $  CAD  

$0.00  

$0.50  

$1.00  

$1.50  

$2.00  

$2.50  

$3.00  

Jan  2012  

Feb  2012  

Mar  2012  

Apr  2012  

May  2012  

Jun  2012  

Jul  2012  

Aug  2012  

Sep  2012  

Oct  2012  

Oct. 19, 2012 $1.50

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Our  Board:  A  Track  Record  of  Discovery  and  Development  

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

Also  Director  of  Colossus  Minerals  and  ConDnental  Gold    

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  

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  Rio  Novo  Gold,  Bowmore  ExploraDon  and  Astur  Gold  

EXECUTIVE  CHAIRMAN  OF  COLOSSUS  MINERALS  CEO  OF  CONTINENTAL  GOLD  LIMITED  

ARI  B.  SUSSMAN  

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

Our  Management  Team:  

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TIM  WARMAN  PRESIDENT  Former  VP,  Corporate  Development  of  Aurelian  Resources  

Also  Director  of  ConDnental  Gold  Ltd.  

MARTIN  MOLONEY  EXPLORATION  MANAGER  Over  15  years  of  experience  as  an  explora9on  geologist  

 

MICHELE  COTE  VICE  PRESIDENT  EXPLORATION  Over  17  years  of  experience  as  an  explora9on  geologist  

ED  KELLEHER  VICE  PRESIDENT  SHEA  &  PERMITTING  Former  Director  of  Environment  &  Permiqng  Kinross  Ecuador  

 

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

Also  Director  of  Colossus  Minerals  and  ConDnental  Gold    

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

 The  European  ExploraDon  Company  

7 1  Refer  to  press  release  en9tled  “Dalradian  Announces  Resource  Increase  at  Curraghinalt”  at  www.dalradian.com  

§  Posi9ve  PEA  including:  −  ARer-­‐tax  IRR:  41.9%    

−  Cash  Opera9ng  Costs:  US  $532/oz    

−  Produc9on:  Approx.  145,000  oz/year  over  15  year  mine  life    

§  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    

§  18,000m  drilling  program  started  July  9,  2012  

                                     NORTHERN  IRELAND  

§  Posi9oned  for  mineral  discovery  −  Under-­‐explored  in  the  20th  century  

−  Several  northern  greenstone  belts  with  known  mineraliza9on  

−  Historic  Kongsberg  silver  district  in  south  

 

§  Regional  sampling  program  underway  −  Ini9al  stream  sediment  sampling  program  

completed  in  Kongsberg  silver  district  

−  Ini9al  9ll  sampling  program  completed  over  Kautokeino  greenstone  belt  

 

                                 NORWAY  

§  Pro-­‐mining  Investment  −  Government  investment  in  

geological  surveys  

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  

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Exploring  for  gold  along  a    50  km  trend  

Pla9num  and  palladium  explora9on  

Extensive  underground  mining  

Gor9n   Rousky  

Omagh  

Curraghinalt  Deposit  

BELFAST  

NORTHERN  IRELAND  

Cavanacaw  Galantas  Gold  

Conroy  Diamonds  &  Gold  

Lonmin  

Irish  Salt  Mining  

In  produc9on  since  late  2007  

U.K.  &  BRITISH  ISLES  

Three-­‐Pronged  ExploraDon  Approach  

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Grow  exisDng  resource  

§  Increase  confidence  in  current  resource  numbers  

§  Commenced  drilling  high  priority  targets  July  2012  

18,000  METRE  DRILLING  PROGRAM  

GROW  

EXTEND  

WILDCAT  

Explore  along  strike  from  Curraghinalt  §  8  km  trend  -­‐  Extend  known  limits  of  the  deposit    

§  Test  targets  generated  from  recent  geochemical  and  geophysical  anomalies  

§  Anomaly  A  target  tested  –  1.7  km  step-­‐out  returned  2.22m  grading  14.07  g/t  gold  &  1.47m  grading  23.62  g/t  gold  

Wildcat  holes  -­‐  Explore  regional  targets  §  Test  regional  targets  generated  from  recent  

geochemical  and  geophysical  anomalies  

Curraghinalt  Deposit  

Curraghinalt  Trend  

Four  Concessions  

Curraghinalt:  2012  

10  

10

Road  Sheep  Dip   Mullan  

T17  No1  

106-­‐16  Bend  Crow  

S  

May 2 Jul 18 Jul 25 Aug 1 Sep 10 Sep 19 Sep 27

2012

Dalradian reports assays from 14,673 metre program – 13.8 g/t gold over 3.35m, 10.43 g/t gold over 3.75m and 22.83 g/t gold over 1.48m

Completes airborne geophysical survey

Dalradian reports positive PEA for Curraghinalt

Dalradian receives water discharge permit for the Curraghinalt deposit

Dalradian files 43-101 Technical Report for the Curraghinalt Gold Deposit PEA

Dalradian Completes surface surveys: soil geochem grid identifies new targets, grab sample returns 68 g/t gold, drill mobilized

1700 metre step-out hole - 2.22m grading 14.07 g/t gold and 1.47m grading 23.62 g/t gold

Curraghinalt  Trend  

Oct 9

Dalradian hits two of the best main vein intercepts in the history of the project, including a 120m step-out and new discovery shows the hanging wall and footwall zones are gold bearing

Curraghinalt  Deposit  

11 11

Report  prepared  by  Micon  Interna9onal  Limited,  dated  January  10,  2012.  Includes  drilling  up  to  August  2011  –  more  than  13,000  metres  drilled  on  the  deposit  since  resource  cut-­‐off.  

N  

Road  

Sheep  Dip  Mullan  T17  

No1  

106-­‐16  

Bend  

Crow  

ABB-­‐D  

ABB-­‐G  

T17      4.1m:  42.7  g/t  @  depth  42.9m                      2.5m:  20.5g/t  @  depth  226.9m  

No  1      2.0m:  48.7  g/t  @  depth  77.0m                          1.6m:  56.3  g/t  @  depth  416.2m  

106-­‐16      2.0m:  24.0  g/t  @  depth  41.5m                                  3.3m:  16.9  g/t  @  depth  615.7m  

Crows  Foot  Shear  

Kiln  Shear  

                             Veins  in  Current  Resource                                Newly  intersected  Veins                                Interpreted  Veins                                Along  Trend  Anomalous  Veins                                2012  Drill  Hole  

Cross  SecDon  12-­‐CT-­‐156  

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CROSS-­‐SECTION  A  –  A’  

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

Curraghinalt  Trend  

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)  

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

Alworries  1.88  metres  @  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  

Hole  12-­‐CT-­‐162  1.47m  @  23.6  g/t  Au  2.22m  @  14.1  g/t  Au  

Hole  11-­‐CT-­‐99  3.2m  @  5.34  g/t  Au  

Curraghinalt  Deposit  

Curraghinalt  Trend  

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Curraghinalt  

14 14

Recent  Findings:  C  Veins  

§  Gold  bearing  cross-­‐cuqng  structures  known  as  “C”  vein  swarms  

§  Evalua9ng  the  poten9al  contribu9on  to  the  resource  at  Curraghinalt  

§  80  km  of  core  unsampled  

 

 

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CURRAGHINALT  VEIN  RELATIONSHIPS  

C  Vein  Swarms  –  An  Untested  Resource…  

16 16

“C” Vein

C Veinlet Swarm Pervasive Carbonate Alteration

ExploraDon  Plan  

§  Complete  re-­‐evalua9on  of  the  deposit  

–  Ini9al  evalua9on:  Sample  ~  30km  of  core  

–  New  sec9onal  interpreta9on  /  wireframes  

§  Infill  drilling  where  warranted  

§  Target  high  grade  shoots  at  depth  

§  Target  shallow  ounces  along  strike  

§  Test  exis9ng  trend  &  regional  targets  

§  Expand  soil  geochemistry  coverage  

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GROW  

EXTEND  

WILDCAT  

ExploraDon  Summary  

§  In  the  last  2  years…  

–  >4-­‐fold  increase  in  contained  ounces  

–  Implemented  a  modern  explora9on  organiza9on  

§  Deposit  is  open  in  all  direc9ons  

§  Successfully  targeted  high  grade  shoots  at  depth  

§  “C”  veinlets,  a  game  changer…  

–  Reduce  dilu9on  

–  Stand-­‐alone  ounces?  

–  Poten9al  for  alterna9ve  mining  methods  

§  Big  trend  &  excellent  explora9on  tools  (soil,  IP)  

§  Clear  strategy,  competent  team  

 

18

Curraghinalt:  A  Growing  Resource  

19

§  1986-­‐1987  resources  es9mates  are  historical  non  43-­‐101  compliant  resources  

§  2003  to  2011  resource  es9mates  are  reported  43-­‐101  compliant  

CURRAGHINALT  RESOURCE  ESTIMATE    

Images presented for illustrative purposes only

0  

10,000  

20,000  

30,000  

40,000  

50,000  

0.0  

0.5  

1.0  

1.5  

2.0  

2.5  

3.0  

2007                      (Pre-­‐DNA)  

2010  DNA  Year  1  

2011  DNA  Year  2  

Millions  of  Ounces  Metres  Drilled  

27  years  of  work   2  years  of  work  

Preliminary  Economic  Assessment  

20 20

KEY  PEA  DATA*   3  YEAR  TRAILING  AVERAGE  GOLD  PRICE:  $1378/ounce  

NPV  with  8%  discount  rate   $467  million  

IRR  (ARer-­‐tax)   41.9%  

Payback  from  Day  1  of  Construc9on   2  years  

Average  Annual  Produc9on   145,000  ounces/year  

Life  of  Mine   15  years  

Ini9al  Capex  ($38M  con9ngency)   $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 speculative geologically to have the economic considerations 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  Interna9onal  Limited  

PEA:    Mining  

21 21

21

Longhole  Mining  with  Ramp  Access  &  Truck  Haulage:  §  Local  availability  of  experienced  longhole  miners  §  More  dilu9ve  than  cut  and  fill  but  less  expensive  and  

easier  to  manage  §  Cost  trade-­‐off  not  material  

§  1.8  metres  mined  width  (80%  dilu9on  on  resource)  §  20  metre  sub  level  spacing  §  Less  than  10  working  faces  at  any  one  9me  

PROJECT  PRODUCTION  RATE  

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

Curraghinalt  (Dalradian,  N.  Ireland)  

1,700    (planned)  

$76.50  (US$/t  mined)  (PEA  es9mate)   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  

Longhole  Mining  at  Bulyanhulu  Gold  Mine  

PEA:  Processing  

22 22

22

OpDons  Examined:  

§  Grinding  –  Whole  Ore  Leach  

§  Grinding  –  Gravity  –  Flota9on  of  Gravity  Tails  –  CN  of  Flota9on  Concentrate  

§  Grinding  –  Gravity  –  Flota9on  –  Sale  of  Concentrate(s)  

§  Grinding  –  Cu  Flota9on  –  Pyrite  Flota9on    –  CN  of  Pyrite  Concentrate  

 

Preferred  opDon:  

§  Crushing,  grinding,  whole  ore  cyanida9on  and  conven9onal  tailings  disposal  

§  92%  gold  recovery  

§  Opportunity  for  further  op9miza9on  of  mill  circuit  

 

 Rio  Tinto  Group's  Northparkes    mine  in  Parkes,  New  South  Wales,  Australia  

Development  Next  Steps  

Permimng:    

§  Working  with  government  to  op9mize  the  permiqng  process  

§  Pre  consulta9on  permiqng  discussions  with  10+  agencies  

§  Formal  submission  of  applica9on  for  underground  explora9on  development    

Underground  ExploraDon  Development:  

§  2,000  metres  of  underground  development  §  Prove  up  vein  con9nuity  §  Demonstrate  mining  method  works  

 

23

Gemng  Back  Underground  

Becoming  Part  of  the  Community  

24

Norway:  “Let  the  Treasure  Hunt  Begin”  

Industry  Minister,  Trond  Giske  at  Press  conference  announcing  new  direc9on  in  mineral  strategy  for  Norway  

25

Another  Mining  Friendly  JurisdicDon  

•  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  three  greenstone  belt,  a  basement  window  and  a  historic  silver  mining  district  

•  Proper9es  total  more  than  1,700,000  hectares  

•  Country  with  good  infrastructure,  educated  workforce  and  stable  government  

 

26

OSLO  

N O RW A Y  

Pasvik  Karasjok  

Kautokeino  

Rombak  

Kongsberg  

Bamble  

SCANDINAVIA  

Finland  

Sweden  

Norway  

Here  be  Monsters…  

1.   Kimlä  Gold  Mine  

–  Largest  gold-­‐mine  in  Europe  

–  Total  combined  MI&I  =  7.2Moz  Au  

2.   SakaDllampi  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  

27

Other  Producing  Mines  

Dalradian  Concession  Areas  

Greenstone  Belts  

NORWAY  

SWEDEN  

FINLAND  

RUSSIA  

OSLO   STOCKHOLM  

HELSINKI  

Kimlä  

Sakamlampi  

Pechenga  1   2  

3  4  

Other  Producing  Mines  

Dalradian  Concession  Areas  

Greenstone  Belts  

NORWAY  

SWEDEN  

FINLAND  

RUSSIA  

OSLO   STOCKHOLM  

HELSINKI  

Kimlä   Sakamlampi  

Pechenga  

1   2  

3  Bidjovagge   4  

Northern  Concessions  

Kautokeino  Concession  

§  Explora9on  program  focused  on  Kautokeino  greenstone  belt  –  largest  of  the  3  belts  

§  Program  of  2,378  9ll  samples  completed  §  Completed  9ll  orienta9on  survey  around  

former  producing  gold  mine,  Bidjovagge  

Other  Northern  Concessions  

§  Extensive  program  of  consolida9ng  and  reinterpre9ng  historic  and  new  geophysical  data  to  iden9fy  priority  explora9on  targets  over  all  4  concessions  

§  Goal  is  to  be  drilling  our  best  targets  by  2013  

28

N  

Kongsberg  in  the  Southern  Concessions  

§  Historic  silver  mining  district  with  produc9on  of  40+  million  ounces  with  average  grades  of  356  g/t  silver  

§  3  teams  on  stream  sediment  sampling  program  of  1,000  samples  –  approximately  50%  complete  

§  Crews  will  return  in  Q1  2013  for  program  comple9on  

§  Sampling  of  historical  precious  and  base  metal  occurrences  underway  

§  Extensive  program  of  reviewing  and  reprocessing  new  and  historic  geophysical  data  to  iden9fy  priority  explora9on  targets  

§  Goal  is  to  be  drilling  our  best  targets  by  2013  

29

Moving  Ahead  

30

Advanced  ExploraDon  

§  Grow  Exis9ng  Resource  §  Explore  Along  Strike  from  Curraghinalt  §  Explore  Regional  Targets  for  New  Discovery  

NORTHERN  IRELAND  

   EXPLORATION  

DEVELOPMENT  

EXPLORATION  

Underground  Development  

§  8  km  trend  -­‐  Extend  known  limits  of  the  deposit    

§  Test  targets  generated  from  recent  geochemical  

Greenfields  ExploraDon  §  Extensive  program  to  iden9fy  priority  

explora9on  targets  

NORWAY  

Norway  

Northern  Ireland  

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

31

Curraghinalt  NI  43-­‐101  Technical  Report  

Prepared  by  Micon  InternaDonal  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: §  Combined royalties of 6% §  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

32

Tyrone  Project:  Curraghinalt  &  Glenlark  Trend  

33

 Curraghinalt  Deposit  

DG4

DG2 DG1

DG3

34

ExploraDon  Tools  

35

2012  Geochem  Historical Geochem with Extended 2012 Soil Survey  

2012  Geophysics  High Resolution Aeromagnetic Image flown over Curraghinalt Trend – April 2012  

Curraghinalt  Trend  Glaciated terrain with minimal outcrop

CURRAGHINALT  TREND