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.

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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%

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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

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As at September 21, 2011

Board & Management: A Track Record of Discovery and Development 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. 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

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 Keith D. McKay Chief Financial Officer Former CFO of Aurelian Resources Inc. And Director of Noront Resources Ltd. John McCombe Chief Operating Officer Director of Revett Minerals Former SVP, Operating Strategy of IAMGOLD Carson Noel Executive Vice President Former General Manager, Aurelian Ecuador, S.A. Garth Earls Managing Director, Dalradian Gold LimitedFormer Director, Geological Survey of Northern Ireland

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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

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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

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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

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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

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•  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.

Veins open at depth

•  Longer holes intercept as many as nine veins

•  Proximity favourable for shared infrastructure

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AA'

11-C

T-87

11-C

T-83

386,200mN 386,400mN

0mM

SL

-200

mM

SL

-200mM

SL

0m

MSL

386,600mN

200

mM

SL

200mM

SL

386,400mN386,000mN 386,200mN

386,000mN

Drawing: SC

Author: Dalradian

Office: Gortin

Projection: Non-Earth (meters)Scale: 1:3000

Curraghinalt DepositFigure 3: A - A'

(Section 256930E)

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

Dalradian Resources

Date:07/06/2011

Shear zone

Vein (intersected)

Vein (projected)

Legend

Planned drillhole

Reported drillhole

Drillholecomplete/active

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

200

mM

SL 0

mM

SL -2

00m

MSL

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

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Comparing Curraghinalt Drilling to Mesothermal Model Demonstrates Potential for Expansion

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•  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

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•  Glaciated terrain with minimal outcrop

•  Drilling is primary exploration tool

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Regional Exploration Program

Regional Exploration Plan

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•  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

Regional Exploration

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•  On license DG1, 461 samples with grades up to 172.9 g/t Au

•  On license DG2, 691 samples with grades up to 112.2 g/t Au and some float samples with VMS style mineralization including one grading 8.8% Zn, 1.2% Pb, 1.7 g/t Au and 8.5 g/t Ag

•  On license DG3, 350 samples with grades up to 209.92 g/t Au

•  On license DG4, 261 samples with grades up to 187 g/t Au

19 Target Areas – 3 Exploration Trends  

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Curraghinalt Trend

Glenlark Trend

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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

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Appendix

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Curraghinalt NI 43-101 Technical Report

•  Prepared by Micon International Limited

•  Dated May 10, 2010

•  Updated from November 2007 and reflects revised gold price

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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

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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'

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Cross-section B to B'

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Cross-section C to C'

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A Golden Opportunity in Northern Ireland

Patrick F. N. Anderson

Chairman and Chief Executive Officer

Shae-Lynn Mathers

Director, Investor Relations: 416-583-5622

smathers@dalradian.com

Trading Symbol: DNA on TSX

Corporate Office:

Dalradian Resources Inc. 155 Wellington Street West

Suite 2920 Toronto, ON M5V 3H1

www.dalradian.com