Patrick F. N. AndersonChief Executive Officer

High‐Grade Gold │ Low‐Cost │ Low‐Risk  │ Development │ Europe │ January 29, 2014

A preliminary short form prospectus containing important information relating to the securities of the Companydescribed in this document has not yet been filed with the securities regulatory authorities in each of theprovinces of Canada, other than Québec. A copy of the short form preliminary prospectus is required to bedelivered to any investor that received this document and expressed an interest in acquiring the securities.

There will be no sale or any acceptance of an offer to buy securities of the Company until a receipt for thefinal short form prospectus has been issued.

This document does not provide full disclosure of all material facts relating to the securities offered. Investorsshould read the preliminary short form prospectus, final short form prospectus and any amendment, fordisclosure of those facts, especially risk factors relating to the securities offered, before making an investmentdecision.

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 miningcamp in Norway, future financial or operating performance of the Company and its mineral projects, the future price of metals, the estimation of mineral resources, therealization of mineral resource estimates, the timing and amount of estimated future production, costs of production, capital, operating and exploration expenditures, costs andtiming 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 bythe 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 orbe 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 asthe 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 theCompany to proceed on schedule with its planned exploration and development programs, that skilled personnel and contractors will be available as the Company’s operationscontinue 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 necessarycapital 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 theCompany to be materially different from any future results, performance or achievements expressed or implied by the forward‐looking statements. Such factors include, amongothers, general business, economic, competitive, political and social uncertainties; the actual results of current and future exploration activities; actual results of reclamationactivities; conclusions of economic evaluations; changes in project parameters and/or economic assessments as plans continue to be refined; future prices of metals; possiblevariations 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 orconstruction 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‐lookingstatements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward‐looking statements containedherein 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 newinformation, 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 beaccurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance onforward‐looking statements.

Certain 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 (effective date for resource is November 30, 2011), 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”), and is subject to all of theassumptions, qualifications and procedures described therein.

Mineral resources that are not mineral reserves do not have demonstrated economic viability. The PEA is preliminary in nature. It includes inferred mineral resources that areconsidered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is nocertainty that the results of the PEA will be realized.

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 thispresentation. The exploration data was based on the procedures described in the Company’s Annual Information Form for the year ended December 31, 2012 dated March 28,2013 (the “AIF”) and is subject to all of the assumptions, qualifications and procedures described therein.

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

2014Looking forward to an eventful 

5

DNA SUMMARY

All dollars quoted in $ CAD

Davy Bart Jaworski

Beacon Michael Curran

Cormark Mike Kozak

Clarus Jamie Spratt

National Bank Steve Parsons

Dundee Laurie Curtis

Canaccord Genuity Joe Mazumdar

BMO John Hayes

$0.0

$0.4

$0.8

$1.2

$1.6

$2.0

Jan 2012

Mar 2012

May 2012

Jul 2012

Sep 2012

Nov

 2012

Jan 2013

Mar 2013

May 2013

Jul 2013

Sep 2013

Nov

 2013

Jan 2014

TSX: DNA STOCK PRICEANALYST COVERAGE:(targets range from $1.90‐$0.80)

AnalystTargets

$0.80

$1.50$1.60

$1.00$1.10

$1.90

$1.75

$0.68January 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

• Existing gold resource of 250,000 oz Indicated & 350,000 ozInferred1,2

2010• Increased resource to 400,000 ozIndicated & 1.16M ozInferred1,3

• IPO ‐ August

2011• 7 rigs onsite• Increased resource to 10,000 ozMeasured, 460,000 oz Indicated & 2.23M ozInferred1,4

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 PEA. Please see cautionary statements in Forward Looking Information (slide 3)2 Indicated:  0.57 MT grading 13.95 g/t Au for 250,000 contained ouncesInferred:  0.64 MT grading 17.15 g/t Au for 350,000 contained ounces3 Indicated:  0.95 MT grading 13.24 g/t Au for 400,000 contained ouncesInferred:  2.46 MT grading 14.64 g/t Au for 1.16 million contained ounces4 Measured: 0.02 MT grading 21.51 g/t Au for 10,000 contained ouncesIndicated:  1.11 MT grading 12.84 g/t Au for 460,000 contained ouncesInferred:  5.45 MT grading 12.74 g/t Au for 2.23 million contained ounces

7

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

PATRICK F. N. ANDERSONCHIEF EXECUTIVE OFFICER

Founder & Former CEO of Aurelian Resources

‘08 – PDAC International Mineral Discovery

‘08 – Northern Miner Man of the Year 

JONATHAN A. RUBENSTEINDirector 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. GAGELFormer SVP and CFO of FNX Mining

THOMAS J. OBRADOVICHCHAIRMAN 

Founder & Former CEO of Young‐Davidson Mines

Former Director of Aurelian Resources

SEAN E. O. ROOSENFounder & CEO OF Osisko Mining Corporation

Also Director of Astur Gold

‘06 – Prospector of the Year ‐ Quebec

‘08 – Prospector of the Year ‐ Canada

‘09 – Northern Miner Man of the Year 

Founder & CEO OF CONTINENTAL GOLD LIMITED

ARI B. SUSSMAN

GRENVILLE THOMASFounder & 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 

‘01 – Northern Miner Man of the Year

‘09 – Canadian Mining Hall of Fame

8

MANAGEMENT: THE A‐TEAM

PATRICK F. N. ANDERSONCHIEF EXECUTIVE OFFICER

Founder & Former CEO of Aurelian Resources

‘08 – PDAC International Mineral Discovery

‘08 – Northern Miner Man of the Year 

KEITH D. MCKAYCHIEF FINANCIAL OFFICER

Former CFO of Aurelian Resources 

TIM WARMANPRESIDENT

Former VP, Corporate Development of Aurelian Resources

Also Director of Continental Gold Ltd.

RUTH IVESVP 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 COTEVP EXPLORATION

Over 18 years of experience as an exploration geologist

MARLA GALEVP 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 NI R E L A N D

GalantasGold

ConroyDiamonds& Gold

Lonmin

Irish SaltMining

UndergroundSalt Mine

Clontibret

Croagh PatrickParys Mountain

GwynfynyddGalmoy Avoca

Pallas GreenSilvermines

South Crofty

Curraghinalt GoldDeposit

GoldBase MetalsSalt Mine

Allihies Copper Mines

Galantas GoldIn production

ScotgoldPermitted

Vedanta ResourcesIn production

BolidenIn production

IMC ExplorationGold exploration

LundinIn production

ConroyGold exploration

Lisheen

Cononish

Tara

Cavanacaw

XstrataFeasibility

Gold Mines of WalesExploration

Clogau

11

DG3DG3

GortinGortin

COUNTY TYRONE IS RESOURCE FRIENDLY

CurraghinaltCurraghinalt

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.”

Source: 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 over a 12km gold trend

High‐grade gold resource1 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 producer1

1 Refer to PEA. Please see cautionary statements in Forward Looking Information (slide 3)

15

MESOTHERMAL VEIN SYSTEM

CROSS‐SECTION

ADIT

16

CURRAGHINALT: A GROWING RESOURCE

AlworiesAlwories

3.6 km3.6 km

CurraghinaltCurraghinalt

2007 Resource

2010 Resource

2011 Resource

2012 Interpreted vein extents

Drilling post 2011 Resource

0m asl

‐500m asl

‐1000m asl

257500E

258000E

258500E

259000E

259500E

PRELIMINARY ECONOMIC ASSESSMENT

MICON, JULY 2012

18

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. Mineral resources that are not mineral reserves do not have demonstrated economic viability. 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

20

CURRAGHINALT ADIT

WORKING OFF EXISTING 

INFRASTRUCTURE, WE PLAN TO BEGIN ADVANCING ON THE 

VEINS 

21

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

22

22

ROADSH

EEPD

IP

MULLANT17No. 1

106_16

BEND

CROW

EXISTING DEVELOPMENTPLANNED 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

23

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 

24

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

25

Patrick F. N. AndersonChief Executive Officer

info@dalradian.com416.583.5622

Trading Symbol:DNA on TSX

Corporate Office:Dalradian Resources Inc.

155 Wellington Street West Suite 2920

Toronto, Ontario Canada M5V 3H1

www.dalradian.com

26

Oslo

Kongsberg

SOUTHERN NORWAY

NORWAY

FINLANDSWEDEN

RUSSIA

LAND POSITION

Rombak

NORTHERN NORWAY

Greenstone Belts

Volcanic Belts& Metasediments

KautokeinoKittilä Sakattilampi

Bidjovagge

Pasvik

Karasjok

PechengaNORWAY

FINLANDSWEDEN

RUSSIA

NORTHERN NORWAY Four concessions over three greenstone belts and a basement 

window 10 gold‐in‐till anomalies identifiedSOUTHERN NORWAY Kongsberg concession hosting an historic silver mining district Five silver targets identified