1. Sample
from
the
T17
vein
–
188
g/t
of
gold,
103
g/t
of
silver
and
5.07%
of
copper
The
European
Explorer
│
February
2013
Patrick
F.
N.
Anderson
Chief
Execu8ve
Officer

2. Forward-­‐Looking
Statement
&
Qualified
Persons
This
presenta8on
contains
“forward
looking
informa8on”
which
may
include,
but
is
not
limited
to,
statements
with
respect
to
[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].
OYen,
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
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
explora8on
and
development
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
Company’s
mineral
projects
economic,
that
the
Company
will
be
able
to
con8nue
raising
the
necessary
capital
to
finance
its
opera8ons
and
realize
on
mineral
resource
es8mates,
and
that
the
assump8ons
contained
in
the
Company’s
technical
report
en8tled
“A
Preliminary
Economic
Assessment
of
the
Curraghinalt
Gold
Deposit,
Tyrone
Project,
Northern
Ireland”,
dated
September
6,
2012
(the
“PEA”)
are
accurate
and
complete.
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
and
future
explora8on
ac8vi8es;
the
actual
results
of
reclama8on
ac8vi8es;
conclusions
of
economic
evalua8ons;
changes
in
project
parameters
and/or
economic
assessments
as
plans
con8nue
to
be
refined;
future
prices
of
metals;
possible
varia8ons
of
mineral
grade
or
recovery
rates;
the
risk
that
actual
costs
may
exceed
es8mated
costs;
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.
For
addi8onal
informa8on
on
the
Curraghinalt
project,
please
see
the
PEA,
prepared
by
B.
Terrence
Hennessey,
P.Geo.,
Barnard
Foo,
P.
Eng.,
Bogdan
Damjanović,
P.
Eng.,
André
Villeneuve,
P.
Eng.,
and
Christopher
Jacobs,
CEng
MIMMM,
of
Micon
Interna8onal
Limited,
which
is
available
on
SEDAR
at
www.sedar.com
and
on
the
Company’s
website
at
www.dalradian.com.
Michele
L.
Cote,
MSc.,
P.
Geo.,
Vice
President
Explora8on
of
the
Company,
is
the
Qualified
Person
(for
the
purposes
of
Na8onal
Instrument
43-­‐101)
who
reviewed
and
approved
the
technical
informa8on
contained
in
this
presenta8on.
2

3. Why
So
Cheap?
Everyone
Needs
Some
DNA
TSX,
OTCQX:
DNA,
DRLDF
STOCK
PRICE
Shares
outstanding:
$0.87
89.5
million
February
20,
2013
Fully
diluted
:
97.4
million
(January
31,
2013)
$25.00
Market
cap:
$77.9
million
$2.00
(February
20,
2013)
DNA
Average
volume:
90,282
(30
day)
$1.50
$20.00
Aug
2010
IPO
@
$1.50
$39.1
million
Feb
2012
Financing
@
$2.00
$27.8
million
Insider
ownership:
6%
$1.00
(approximate)
Cash
balance:
$28.9
million
$15.00
(as
at
September
30,
2012)
$0.50
BMO
Junior
John
Hayes
Gold
Index
ETF
$0.00
$10.00
Analyst
coverage:
Dec
2011
Dec
2012
Jan
2012
Jul
2012
Feb
2012
Mar
2012
Jun
2012
Aug
2012
Sep
2012
Jan
2013
Feb
2013
Apr
2012
Nov
2012
Oct
2012
May
2012
Jamie
Sprae
Craig
Stanley
All
dollars
quoted
in
$
CAD
3

4. The
Board:
A
Track
Record
of
Discovery
and
Development
PATRICK
F.
N.
ANDERSON
KEITH
D.
MCKAY
CHIEF
EXECUTIVE
OFFICER
CHIEF
FINANCIAL
OFFICER
Former
CEO
of
Aurelian
Resources
Former
CFO
of
Aurelian
Resources
Also
Director
of
Con`nental
Gold
COLIN
K.
BENNER
THOMAS
J.
OBRADOVICH
CHAIRMAN
OF
DELTA
MINERALS
AND
AURICO
GOLD
CHAIRMAN
Also
Director
of
Mercator
Minerals,
Lundin
Mining,
Chairman
of
Lago
Dourado
Minerals
Former
CEO
of
Young-­‐Davidson
Mines
Former
Director
of
Aurelian
Resources
JOSEPH
F.
CONWAY
SEAN
E.
O.
ROOSEN
CEO
OF
PRIMERO
MINING
CORP.
CEO
OF
OSISKO
MINING
CORPORATION
Former
CEO
of
IAMGOLD
Also
Director
of
Astur
Gold
RONALD
P.
GAGEL
ARI
B.
SUSSMAN
Former
SVP
and
CFO
of
FNX
Mining
CEO
OF
CONTINENTAL
GOLD
LIMITED
4

5. Targe`ng
High-­‐Grade
Deposits
in
Low
Risk
Jurisdic`ons
NORTHERN
IRELAND
§ Posi8ve
PEA
§ High-­‐grade
2.7M
ounce
gold
resource
(all
categories)1
Norway
− 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
Northern
2.23
million
contained
ounces
Ireland
§ Ac8ve
drilling
&
explora8on
NORWAY
§ 1.3
M
hectares
of
explora8on
permits
§ Over
15
precious
metals
targets
iden8fied
in
2012
season
1
Refer
to
press
release
dated
Nov.
30,
2011
en8tled
“Dalradian
Announces
Resource
Increase
at
Curraghinalt”
at
www.dalradian.com
5

6. Northern
Ireland
§ Our
flagship
asset:
Curraghinalt
mesothermal
Gold
high-­‐grade
gold
deposit
Base
Metals
Salt
Mine
§ Excellent
regional
infrastructure
Scotgold
§ Over
84,000
hectares
under
license
Permieed
in
2012
§ Recent
discoveries
demonstrate
untapped
Underground
Cononish
poten8al
Conroy
Salt
Mine
+1M
ounce
resource
NORTHERN
IRELAND
Galantas
Gold
Curraghinalt
Lonmin
Permieed
in
2007
Cavanacaw
Clon`bret
Boliden
In
produc8on
Croagh
Patrick
Tara
Parys
Mountain
Vedanta
Resources
Irish
Salt
Mining
In
produc8on
Galmoy
Avoca
Gor8n
Silvermines
Gwynfynydd
Pallas
Green
Lisheen
Clogau
Galantas
Gold
Omagh
BELFAST
Allihies
Copper
IMC
Explora`on
Mines
354
g/t
gold
over
1.5m
Conroy
Lundin
Diamonds
&
Gold
Xstrata
In
produc8on
Gold
Mines
of
Wales
Feasibility
U/G
grab
sample
-­‐
263
g/t
gold
South
Croby
6

7. Permidng
is
Possible
Curraghinalt
Clear
Cut
Logging
at
Gor8n
Glen
Forest
Park
Original
Curraghinalt
Adit
Construc8on
Curraghinalt
Gor`n
125
Metres
300
Metres
DG3
Alwories
Quarry
0 1 2
kilometres
Greencastle
Quarry
7

8. News
Flow
2012/2013
2012
Q1
Q2
Q3
Q4
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
Posi`ve
PEA
Curraghinalt
Drilling:
More
Alwories
Intercepts:
Alwories
discovery
$28.2
million
bought
• 3.35m
@
13.80
g/t
Au
Completes
airborne
1.47m
@
23.62
g/t
Au
• 4.72m
@
14.82
g/t
Au
deal
financing
• 3.75m
@
10.43
g/t
Au
geophysical
survey
2.22m
@
14.07
g/t
Au
• 1.28m
@
30.58
g/t
Au
announced
• 1.48m
@
22.83
g/t
Au
Water
discharge
C-­‐veins
show
wall
Curraghinalt
Drilling:
permit
in
hand
Micon
appointed
as
rock
carry
gold
• 2.34m
@
47.94
g/t
Au
lead
consultant
for
PEA
• 3.97m
@
38.00
g/t
Au
Soil
geochem
grid
43-­‐101
Technical
iden8fies
new
targets
Report
filed
Curraghinalt
Drilling:
• 1.7m
@
17.55
g/t
Au
2013
• 2.47m
@
18.99
g/t
Au
Q1
JAN
FEB
Applica`on
Submihed
for
Underground
Explora`on
Development
2013
Explora8on
Curraghinalt
Drilling
Program
Announced
Deep
Hole:
• 1.54m
@
30.13
g/t
Au
Fallagh
Prospect
Step-­‐Out:
announced
with
float
• 5.35m
@
6.60
g/t
Au
samples
of:
• 30.30
g/t
Au
• 29.20
g/t
Au
8

9. Explora`on
9

10. Surface
Explora`on
10

11. Cross
Sec`on
12-­‐CT-­‐156
CROSS-­‐SECTION
A
–
A’
Adit
11

12. Poten`al
to
Expand
the
Resource
§ Assembled
80
km
of
historic
core
in
a
modern
facility
§ Most
was
found
unsampled
§ Iden8fied
a
mineralized
oblique
vein
set
Dalradian
Gold
Omagh,
600
m
hole
yielded
over
1000
veinlets
12 Core
Facility
12

13. Poten`al
to
Expand
the
Resource
§ Q4
resource
update
will
include:
– Unsampled
historical
veins
– 35,000+
metres
of
new
drilling
‘Resource’
or
‘D’
Vein
Newly
iden`fied
‘C’
Vein
Plan
View
Looking
North
13
13

14. Not
a
Trend
but
a
District
GLACIATED
TERRAIN
WITH
MINIMAL
OUTCROP
Golan
Burn
Outcropping
veins
including
60cm
@
61.43
g/t
Au
Ahagh
Burn
2.47m
@
18.99
g/t
Au
8
km
Curraghinalt
400
m
Step-­‐out
Alwories
Discovery
Holes
Deposit
3.2m
@
5.34
g/t
Au
4.72m
@
14.82
g/t
Au
2.22m
@
14.10
g/t
Au
Curraghinalt
1.47m
@
23.6
2g/t
Au
Trend
Scotch
Town
Peak
of
10.52
g/t
Au
In
mineralized
boulders
“Fallagh”
New
Au
Prospect
1700
30.30
g/t
Au,
m
29.20
g/t
Au
&
Curraghinalt
Deposit
17.25
g/t
Au
in
Float
Resource
as
at
Nov
2011
–
Measured:
0.01
Moz
Au
(0.02MT
@
21.51
g/t)
Indicated:
0.46
Moz
Au
Curraghinalt
Trend
(1.11MT
@
12.84
g/t)
Veins
in
Current
Resource Alwories
Inferred:
2.23
Moz
Au
1.88
m
@
20.8
g/t
Au
in
Interpreted
Veins
Historic
Findings
(5.45
MT
@
12.74
g/t)
vein
in
quarry
Intercept
in
hole
11-­‐CT-­‐99
projected
up
dip
to
170m
mSL
14

15. Explora`on
Summary
§ In
the
last
2
years…
– >4-­‐fold
increase
in
contained
ounces
– Implemented
a
modern
explora8on
organiza8on
§ Deposit
is
open
in
all
direc8ons
§ Successfully
mapping
high
grade
shoots
§ “C”
veinlet
swarms,
a
poten8al
game
changer…
– Reduce
dilu8on
– Stand-­‐alone
ounces?
– Poten8al
for
alterna8ve
mining
methods
§ Big
trend
&
excellent
explora8on
tools
§ Clear
strategy,
competent
team
15

16. Preliminary
Economic
Assessment
3
YEAR
TRAILING
5
YEAR
TRAILING
KEY
PEA
DATA*
AVERAGE
GOLD
PRICE:
AVERAGE
GOLD
PRICE:
NPV
with
8%
discount
rate
(AYer-­‐tax)
$467
million
$331
million
IRR
(AYer-­‐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%
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
All
dollars
quoted
in
$
USD
unless
stated
otherwise
16
16

17. Underground
Explora`on
Development
GETTING
BACK
UNDERGROUND
§ 2,000
metres
planned
§ Bulk
sample
for
metallurgical
test
work
§ Demonstrate
vein
con8nuity
§ Convert
ounces
to
Measured
&
Indicated
PERMITTING
§ Applica8on
submieed
Feb
18
2013
§ In
Q1
2013
the
company
finalized
the
pre-­‐
consulta8on
process,
which
included:
– Town
hall
mee8ngs
– Landowner
engagement
– Detailed
presenta8ons
to
involved
government
agencies
– Site
visits
by
government
officials
17

18. Becoming
Part
of
the
Community
18

19. Norway:
“Let
the
Treasure
Hunt
Begin”
Industry
Minister,
Trond
Giske
at
Press
conference
announcing
new
direc8on
in
mineral
strategy
for
Norway
(Oct.
2010)
19

20. Land
Posi`on
NORTHERN
NORWAY
Greenstone
Belts
Volcanic
Belts
NORWAY
&
Metasediments
SWEDEN
FINLAND
Bidjovagge
RUSSIA
Pechenga
Pasvik
Karasjok RUSSIA
Kautokeino
Saka€lampi
Ki€lä
SOUTHERN
NORWAY
Rombak
Kongsberg
FINLAND
SWEDEN
Oslo
Northern
Norway
§ Four
concessions
over
three
greenstone
belts
and
a
basement
window
Southern
Norway
§ Kongsberg
concession
hos8ng
an
historic
silver
mining
district
20

21. 2012
Explora`on
Norway
Kautokeino
§ Largest
of
3
greenstone
belts
§ 10
gold-­‐in-­‐+ll
anomalies
iden+fied
§ 2,476
8ll
samples
collected
§ 48
rock
samples
collected
§ Completed
8ll
orienta8on
survey
around
former
producing
gold
mine,
Bidjovagge
Explora8on
Team
Norway
Kongsberg
§ Historic
silver
mining
district
with
produc8on
of
40+
million
ounces
with
average
grades
of
356
g/t
silver
§ Five
silver
targets
iden+fied
§ 462
stream
sediment
samples
completed
§ 156
rock
samples
completed,
including:
– 278
g/t
of
silver
– 61
g/t
of
silver
with
21.60%
zinc
Historical
Workings
in
the
Kongsberg
– 109
g/t
of
silver
with
16.20%
zinc
These
poten8al
grades
are
conceptual
in
nature.
There
has
been
insufficient
explora8on
to
define
a
mineral
resource
and
it
is
uncertain
if
further
explora8on
will
result
in
the
target
being
delineated
as
a
mineral
resource.
21

22. Moving
Ahead
NORTHERN
IRELAND
Advanced
Explora`on
§ Grow
Exis8ng
Resource
EXPLORATION
§ Realize
poten8al
of
district
§ Explore
Along
Strike
from
Curraghinalt
§ Explore
Regional
Targets
for
New
Discovery
Underground
Development
§ Explora8on
development
DEVELOPMENT
planning
applica8on
has
been
submieed
NORWAY
Greenfields
Explora`on
EXPLORATION
§ Extensive
program
to
iden8fy
priority
explora8on
targets
22

23. 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
Corporate Office:
Dalradian Resources Inc.
155 Wellington Street West
Suite 2920
Toronto, Ontario
Canada M5V 3H1
www.dalradian.com
23