dalradian corporate presentation jan7 2014 final v2

Patrick F. N. Anderson Chief Executive Officer

High-Grade Gold │ Low-Cost │ Low-Risk │ Development │ Europe │ January 2014

2

FORWARD-LOOKING INFORMATION AND QUALIFIED PERSON

This presentation contains “forward-looking information” which may include, but is not limited to, statements with respect to the completion of the acquisition (the “Acquisition”) by the Company from a group of private vendors of approximately 1.3 million hectares of mineral rights over four greenstone belts and a historic silver mining camp in Norway, future financial or operating performance of the Company and its mineral projects, 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 and limitations of insurance coverage. Often, but not always, forward-looking statements can be identified by the use of words and phrases 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 the continued political stability in Northern Ireland and Norway, 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 exploration and development programs, that skilled personnel and contractors will be available as the Company’s operations continue 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 continue raising the necessary capital to finance its operations and realize on mineral resource estimates, and that the assumptions contained in the PEA are accurate and complete.

Forward-looking statements involve known and unknown risks, uncertainties 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, competitive, political and social uncertainties; the actual results of current and future exploration activities; actual results of reclamation activities; conclusions of economic evaluations; changes in project parameters and/or economic assessments as plans continue to be refined; future prices of metals; possible variations of mineral grade or recovery rates; the risk that actual costs may exceed estimated costs; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; political instability; delays in obtaining governmental approvals or financing or in the completion of development or construction activities, as well as those factors discussed in the section entitled “Risk Factors” in the Company’s Annual Information Form.

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 of this presentation 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.

Some technical data in this presentation was taken from the technical report entitled “A Preliminary Economic Assessment of the Curraghinalt Gold Deposit, Tyrone Project, Northern Ireland” dated September 6, 2012, prepared by B. Terrence Hennessey, P.Geo., Mr. Barnard Foo, P.ENG., Mr. Bogdan Damjanovic, P.ENG, Mr. Andre Villeneuve, P.ENG., and Mr. Christopher Jacobs, CEng MIMMM of Micon International Limited (the “PEA”).

Michele L. Cote, MSc., P. Geo., VP Exploration, Dalradian Resources Inc., is the Qualified Person who supervised the preparation of the exploration technical data in this presentation.

2

OVERVIEW AND CORPORATE

4

DNA SNAPSHOT

High grade gold deposit with growth potential

Positive PEA shows a high margin and low capex producer

Strong local and national support for Curraghinalt project in Northern Ireland

Green light to proceed with underground development and bulk sampling, pending terms and conditions

2014

Looking forward to an eventful

Sample from the T17 vein 188 g/t of gold

103 g/t of silver 5.07% of copper

5

DNA SUMMARY

All dollars quoted in $ CAD

Bart Jaworski

Michael Curran

Mike Kozak

Jamie Spratt

Steve Parsons

Laurie Curtis

Joe Mazumdar

John Hayes

$0.0

$0.4

$0.8

$1.2

$1.6

$2.0

Jan

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Mar

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May

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Jul 2

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2

Sep

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12

No

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2

Jan

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13

Mar

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May

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Jul 2

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Sep

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14

TSX: DNA STOCK PRICE ANALYST COVERAGE: (targets range from $1.90-$0.80)

Analyst Targets

$0.80

$1.50 $1.60

$1.00 $1.10

$1.90

$1.75

$0.68 January 6, 2014

SHARE CAPITALIZATION

shares outstanding 89.5 million and fully diluted of 97.0 million as of November 13, 2013

cash position of $9.4 million as of September 30, 2013

6

2009

• Project Acquisition - 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

• UG planning permission

• VP Project Development hired

• Extensive drilling and re-sampling completed

IN FOUR YEARS WE HAVE:

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

7

THE BOARD: A TRACK RECORD OF DISCOVERY, DEVELOPMENT & PRODUCTION

PATRICK F. N. ANDERSON CHIEF EXECUTIVE OFFICER

Founder & Former CEO of Aurelian Resources

‘08 – PDAC International Mineral Discovery

‘08 – Northern Miner Man of the Year

JONATHAN A. RUBENSTEIN Director of Eldorado Gold Corporation

Director of Detour Gold

Chairman & Director of MAG Silver Corp.

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

RONALD P. GAGEL Former SVP and CFO of FNX Mining

THOMAS J. OBRADOVICH CHAIRMAN

Founder & Former CEO of Young-Davidson Mines

Former Director of Aurelian Resources

SEAN E. O. ROOSEN Founder & CEO OF Osisko Mining Corporation

Also Director of Astur Gold

‘06 – Prospector of the Year - Quebec

‘08 – Prospector of the Year - Canada


Founder & CEO OF CONTINENTAL GOLD LIMITED

ARI B. SUSSMAN

GRENVILLE THOMAS Founder & Chairman of Strongbow Exploration Inc.

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

‘99 – PDAC Prospector of the Year


‘09 – Canadian Mining Hall of Fame

8

MANAGEMENT: THE A-TEAM

PATRICK F. N. ANDERSON CHIEF EXECUTIVE OFFICER

Founder & Former CEO of Aurelian Resources

‘08 – PDAC International Mineral Discovery


KEITH D. MCKAY CHIEF FINANCIAL OFFICER

Former CFO of Aurelian Resources

TIM WARMAN PRESIDENT

Former VP, Corporate Development of Aurelian Resources

Also Director of Continental Gold Ltd.

RUTH IVES VP PROJECT DEVELOPMENT

Over 18 years of hands on mining experience

Senior engineering & mine planning roles in over seven underground gold operations, including narrow vein

MICHELE COTE VP EXPLORATION

Over 18 years of experience as an exploration geologist

MARLA GALE VP COMMUNICATIONS

18 years of experience

Senior communications roles at Endeavour Mining and Aurelian Resources

NORTHERN IRELAND

10

METAL PRODUCTION IN IRELAND & THE UK

Our flagship asset: Curraghinalt high-grade lode gold deposit

Excellent regional infrastructure

Over 84,000 hectares under license

Gortin

Omagh

Curraghinalt

BELFAST

N O R T H E R N I R E L A N D

Galantas Gold

Conroy Diamonds & Gold

Lonmin

Irish Salt Mining

Underground Salt Mine

Clontibret

Croagh Patrick Parys Mountain

Gwynfynydd

Galmoy Avoca

Pallas Green Silvermines

South Crofty

Curraghinalt Gold Deposit

Gold Base Metals Salt Mine

Allihies Copper Mines

Galantas Gold In production

Scotgold Permitted

Vedanta Resources In production

Boliden In production

IMC Exploration 354 g/t gold over 1.5m

Lundin In production

Conroy +1M ounce resource

Lisheen

Cononish

Tara

Cavanacaw

Xstrata Feasibility

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

Clogau

11

DG3

Gortin

COUNTY TYRONE IS RESOURCE FRIENDLY

Curraghinalt

Alwories Quarry

kilometres

0 1 2

Curraghinalt

Clear Cut Logging at Gortin Glen Forest Park

125 Metres

Greencastle Quarry

Cavanacaw Open Pit Approx 30 km SW

12

SOCIAL LICENSE

Dalradian supports the local MS Society

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

“Dalradian makes every effort to maintain good community relations, protect the environment and work with all local people providing employment and training.”

“The employment produced from this venture is critical to local work forces at this time. I urge you to grant approval.”

“It makes economic sense to allow DGL to determine whether a future mining project is viable. Not giving planning permission would be to send out a clear signal that Northern Ireland is not open for investment from outside companies.”

“It is incomprehensible that our local youth are having to travel 12,000 miles to work in exploration and extraction of mineral resources when we have potential similar opportunities a mile away. Every effort should be made to expedite this project safely and effectively.”

Epicdocs.planningni.gov.uk. 2011. Public Access. Available at: http://epicdocs.planningni.gov.uk/ShowCaseFile.aspx?appNumber=K/2013/0072/F Accessed: 19 Aug 2013.

To date, the Dept. of Environment has received a total of 92 letters and three petitions of support for the Curraghinalt Underground Program and 39 objecting letters

CURRAGHINALT

14

DEVELOPMENT OF A HIGH-GRADE DEPOSIT

Gold resource covers a fraction of known mineralization

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

Positive PEA shows a high margin and low capex producer

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

15

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

A 12KM GOLD TREND

GLACIATED TERRAIN WITH MINIMAL OUTCROP

Curraghinalt

Deposit

Curraghinalt

Trend

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

16

MESOTHERMAL VEIN SYSTEM

CROSS-SECTION

ADIT

17

CURRAGHINALT: A GROWING RESOURCE

2.22 m @ 14.1 g/t Au

1.47 m @ 23.6 g/t Au

Alwories

3.6 km

Curraghinalt

2007 Resource

2010 Resource

2011 Resource

2012 Interpreted vein extents

Drilling post 2011 Resource

4.72 m @ 14.82 g/t Au

0m asl

-500m asl

-1000m asl

25

75

00E

25

80

00E

25

85

00E

25

90

00E

25

95

00E

3.20 m @ 5.34 g/t Au

2.47 m @ 5.19 g/t Au

8.34 m @ 5.84 g/t Au

PRELIMINARY ECONOMIC ASSESSMENT

MICON, JULY 2012

19

PRELIMINARY ECONOMIC ASSESSMENT

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 (After-tax) $467 million $331 million

IRR (After-tax) 41.9% 33.4%

Average Annual Production 145,000 ounces/year

Processing Rate 1,700 tonnes/day

Life of Mine 15 years

Initial Capex ($38M contingency) $192 million

Cash Costs $532/ounce or $125/tonne

Diluted Grade 8.1 g/t Au

Gold Recovery 92%

Payback 2 years

* Prepared by Micon International Limited. 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. All dollars quoted in $ USD unless stated otherwise

At $814 gold price (10-year trailing average), after-tax IRR of 20.2%

DEVELOPMENT

21

CURRAGHINALT ADIT

WORKING OFF EXISTING

INFRASTRUCTURE, WE PLAN TO BEGIN

ADVANCING ON THE VEINS

22

UNDERGROUND EXPLORATION DEVELOPMENT

DALRADIAN HAS RECEIVED PLANNING PERMISSION TO COMPLETE APPROXIMATELY 2,000 M OF UNDERGROUND EXPLORATION DEVELOPMENT

Extend the existing adit by approximately 45 m to intersect the 106-16 Vein

Drift along several of the known veins & demonstrate vein continuity

Install a ramp to access 150 m level, approximately 20 m below existing workings

Removal of large bulk sample for metallurgical test work Proposed Access Ramp

to Sub-Level

Proposed Tunnel Extensions at Sub-Level

Proposed Tunnel Extensions at 170 M

Level

Existing Exploration

Tunnel

Proposed Crusher Ramp

Proposed Stopes

T17 Vein

No. 1 Vein

106-16 Vein

23

23

RO

AD

SHEE

PD

IP

MU

LLA

N

T17

No

. 1

10

6_1

6

BEN

D

CR

OW

EXISTING DEVELOPMENT

PLANNED DEVELOPMENT

PLANNED DEVELOPMENT

PLANNED STOPING

CONCEPTUAL SUBLEVEL DEVELOPMENT

2,000 M PLANNED WITH THE GOAL TO:

Demonstrate continuity of thickness and grade of mineralized veins

Convert additional resources to Measured and Indicated

Test mining and backfill methods

Investigate geotechnical and hydrogeological conditions

Produce a bulk sample for metallurgical test work

Test the permitting process

24

UNDERGROUND PROJECT TIMELINE

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16

Months

Surface Work

Exploration Tunneling

Test Stoping

Hydrogeology & Geotechnical Studies

Backfill testing

Metallurgical Testing

Receipt of planning permission with final terms and conditions

25

UPCOMING MILESTONES

NOW THAT WE HAVE A POSITIVE PLANNING RECOMMENDATION BY SPD

Issuance by the Strategic Planning Division of final planning permission, including terms and conditions, expected shortly

Compliance by Dalradian with planning pre-conditions, including approval of various environmental management plans in Q1 2014

Awarding of surface and underground contracts by Dalradian in Q1 2014

Commencement of earthworks in Q1 2014

Mineral Resource update in Q1 2014

Preliminary Economic Assessment update in Q2 2014

Commencement of underground blasting in Q2 2014

Stoping begins in Q3 2014

Metallurgical testing in Q4 2014

26

Patrick F. N. Anderson

Chief Executive Officer

[email protected]

416.583.5622

Trading Symbol:

DNA on TSX

Corporate Office:

Dalradian Resources Inc.

155 Wellington Street West

Suite 2920

Toronto, Ontario

Canada M5V 3H1

www.dalradian.com

27

Oslo

Kongsberg

SOUTHERN NORWAY

NORWAY

FINLAND SWEDEN

RUSSIA

LAND POSITION

Rombak

NORTHERN NORWAY

Greenstone Belts

Volcanic Belts & Metasediments

Kautokeino

Kittilä Sakattilampi

Bidjovagge

Pasvik

Karasjok

Pechenga NORWAY

FINLAND

SWEDEN

RUSSIA

NORTHERN NORWAY

Four concessions over three greenstone belts and a basement window

10 gold-in-till anomalies identified

SOUTHERN NORWAY

Kongsberg concession hosting an historic silver mining district

Five silver targets identified

28

43-101 RESOURCE


− Indicated: 0.95 MT grading 13.24 g/t Au for 400,000 contained ounces

− Inferred: 2.46 MT grading 14.64 g/t Au for 1.16 million contained ounces

2010 RESOURCE

Northern Ireland

Norway

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

2011 RESOURCE


− Measured: 0.02 MT grading 21.51 g/t Au for 10,000 contained ounces


− Inferred: 5.45 MT grading 12.74 g/t Au for 2.23 million contained ounces

2007 RESOURCE

High-grade 600 k ounce gold resource (all categories)1


− Inferred: 0.64 MT grading 17.15 g/t Au for 350,000 contained ounces

dalradian corporate presentation jan7 2014 final v2

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