1. Advanced
Canadian
Explora9on
│
Investor
Presenta9on
February
2012
Patrick
F.
N.
Anderson
Chairman
and
Chief
Execu9ve
Officer

2. Forward-­‐Looking
Statement
&
Qualified
Person
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.
OSen,
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.
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
explora9on
ac9vi9es;
actual
results
of
reclama9on
ac9vi9es;
conclusions
of
economic
evalua9ons;
changes
in
project
parameters
as
plans
con9nue
to
be
refined;
future
prices
of
metals;
possible
varia9ons
of
ore
grade
or
recovery
rates;
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
aempted
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
“A
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 ).
Damien
Stephens,
BSc.(hons),
M.AIG,
M.AusIMM,
Explora9on
Manager,
Dalradian
Resources,
is
the
Qualified
Person
who
supervised
the
prepara9on
of
the
technical
data
in
this
presenta9on.
John
McCombe,
PEng,
Chief
Opera9ng
Officer,
Dalradian
Resources
Inc.,
is
the
Qualified
Person
who
supervised
the
prepara9on
of
the
technical
data
in
this
presenta9on.
2

3. Corporate
Informa=on
STOCK
PRICE
TSX
DNA
$1.85
Shares
outstanding
83.2
million
$2.50
Feb. 17, 2012
Fully
diluted
93.4
million
Market
cap.
$154
million
$2.00
(Feb.
17,
2012)
Average
volume
72,576
(30
day)
$1.50
52
Week
range
$2.42
-­‐
$1.27
$1.00
Andrew
Mikitchook
Analyst
coverage
Jamie
Spra
$0.50
Craig
Stanley
$0
Sep Oct Nov Dec Jan Feb
2011 2011 2011 2011 2012 2012
All
dollars
quoted
in
$
CAD
3

4. A
Growing
Explora=on
Company
NORTHERN
IRELAND
NORWAY
§ Current
high-­‐grade
2.7M
ounce
gold
§ Posi9oned
for
discovery
with
4
resource
(all
categories)1
greenstone
belts
&
historic
silver
camp
§ Drills
turning
§ Data
capture
underway
§ Approx.
84,000
ha
property
§ Approx.
1.7M
ha
of
property
§ Mining
friendly
country
§ Mining
friendly
country
– Government
investment
in
– Government
investment
in
geological
surveys
geological
surveys
– Excellent
infrastructure
– Excellent
infrastructure
§ DNA
second
largest
mineral
rights
§ DNA
now
largest
mineral
rights
holder
holder
in
Northern
Ireland
in
Norway
1
Refer
to
press
release
en9tled
“Dalradian
Announces
Resource
Increase
at
Curraghinalt”
at
www.dalradian.com
4

5. Our
Board:
A
Track
Record
of
Discovery
and
Development
PATRICK
F.
N.
ANDERSON
KEITH
D.
MCKAY
CHAIRMAN
AND
CHIEF
EXECUTIVE
OFFICER
CHIEF
FINANCIAL
OFFICER
Former
CEO
of
Aurelian
Resources
Former
CFO
of
Aurelian
Resources
Also
Director
of
Colossus
Minerals,
Also
Director
of
Noront
Resources
Malbex
Resources
and
Con=nental
Gold
COLIN
K.
BENNER
THOMAS
J.
OBRADOVICH
CHAIRMAN
OF
DELTA
MINERALS
AND
AURICO
GOLD
CHAIRMAN
OF
LAGO
DOURADO
MINERALS
LTD.
Also
Director
of
Mercator
Minerals,
Lundin
Mining,
Former
CEO
of
Young-­‐Davidson
Mines
Troon
Ventures,
and
Corsa
Capital
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
Rio
Novo
Gold,
Bowmore
Explora=on
and
Astur
Gold
RONALD
P.
GAGEL
ARI
B.
SUSSMAN
Former
SVP
and
CFO
of
FNX
Mining
EXECUTIVE
CHAIRMAN
OF
COLOSSUS
MINERALS
Also
Director
of
Adriana
Resources
and
CEO
OF
CONTINENTAL
GOLD
LIMITED
Stonegate
Agricom
5

6. Board:
Worldwide
Project
Experience
Kemess North
Kemess South
Zinkgruvan
Curraghinalt
Galmoy
Aguablanca
Young-Davidson
Mineral Park
Neves-Corvo
El Chanate
Ocampo Hammond Reef
Guadalupe y Calvo
San Dimas Buritica
El Cubo-Las Torres
Serra Pelada
Fruta del Norte
Tenke Fungurume
Del Carmen
Stawell
Fosterville Delta Minerals
PATRICK
F.
N.
ANDERSON
KEITH
MCKAY
COLIN
K.
BENNER
THOMAS
J.
OBRADOVICH
Coal
Precious
metals
Base
metals
Base
metals
Precious
metals
Diamonds
Precious
metals
Precious
metals
JOSEPH
F.
CONWAY
SEAN
E.
O.
ROOSEN
RONALD
P.
GAGEL
ARI
B.
SUSSMAN
Precious
metals
Precious
metals
Precious
metals
Precious
metals
Base
metals
6

7. Northern
Ireland
NORTHERN U.K. &
BRITISH
IRELAND
§ Our
flagship
asset:
ISLES
Curraghinalt
mesothermal
Curraghinalt
high-­‐grade
gold
deposit
Deposit
§ Excellent
regional
infrastructure
Lonmin
§ Over
84,000
hectares
under
explora9on
§ Poten9al
exists
for
further
precious
Irish Salt
Mining
and
base
metals
deposits
Gortin Rousky
Cavanacaw
Galantas Gold Omagh BELFAST
Conroy
Diamonds
& Gold
In production Exploring for Platinum and Extensive
since late gold along a palladium underground
2007 50 km trend exploration mining
7

8. Explora=on
Data
Acquisi=on,
Compila=on
and
Interpreta=on
• Geophysics
• Geochemistry
• Prospec9ng
• Mapping
• Target
defini9on
8

9. Curraghinalt
Trend
§ Glaciated
terrain
with
minimal
outcrop
§ Drilling
is
primary
explora9on
tool
9

10. Curraghinalt:
Open
Along
Strike
• November 30, 2011 –
Resource update Increasing
Curraghinalt to 2.7 M ounces
• 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
10

11. 3D
Schema=c
of
Veins
&
Adit:
looking
west
11

12. Development
Timeline
Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
‘12 ’13
Preliminary Economic Assessment
Environmental Baseline Study
U/G Drill Permit Appn U/G Permitting Process U/G Drilling
U/G Exploration Dvlpt Application U/G Exp Dvlpt Permitting Process U/G Exp Dvlpt
12

13. Explora=on
Targets
§ In
addi9on
to
Curraghinalt
we
are
ac9vely
tes9ng
other
high
priority
explora9on
targets
§ Including:
– Scotchtown
• Along
trend
east
of
Curraghinalt
• Subcrop
up
to
10
g/t
Au
– Alwories
• Along
trend
west
of
Curraghinalt
• Vein
in
quarry
returned
1.88
metres
@
20.8
g/t
– Glenlark
• Separate
trend,
historic
adits
• 1km
long
anomaly
• Float
sample
up
to
47
g/t
Au
– Cashel
Rock
• Historic
drill
with
high
grades
–
peak
of
3.63
metres
metres
@
30.12
g/t
Au
• Mineralized
by
Rhyolite
breccia
pipe
13

14. Next
Steps:
Northern
Ireland
§ Development:
– Preliminary
Economic
Assessment
– Submission
of
permit
applica9ons
• Underground
explora9on
• Water
discharge
§ Explora=on:
– Curraghinalt
trend
drilling
– High
priority
explora9on
target
drilling
§ Corporate
Social
Responsibility
– Enhance
CSR
strategy
and
leverage
best
prac9ces
14

15. Norway:
2011 Mineral Strategy
Industry Minister, Trond Giske at Press conference announcing new direction in
15 mineral strategy for Norway

16. Another
Mining
Friendly
Jurisdic=on
• 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
four
greenstone
belts
and
an
historic
silver
mining
camp
• Proper9es
total
more
than
1,700,000
hectares
16

17. Greenstone
Belts
1. Kiclä
Gold
Mine
• Largest
gold-­‐mine
in
Europe
• Total
combined
MI&I
=
6.8Moz
Au
2. Saka=llampi
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
17

18. Northern
Concessions
• Greenstone
belts
of
northern
Finland
host
the
Kiyla
6.8
Moz
gold
mine
and
the
newly
discovered
Anglo
American
Ni-­‐Cu
discovery.
• Land
posi9on
covers
more
than
70%
of
the
strike
extension
of
these
same
greenstone
belts
in
Norway.
• Remarkably
underexplored
with
one
historic
gold
mine
and
abundant
alluvial
gold
occurrences.
• Good
infrastructure
with
large
popula9on
centres,
paved
highways
and
thin
or
absent
forest
cover
18

19. Southern
Concessions
Kongsberg
• Produc9on
from
17th
century
to
mid
20th
century
• Es9mated
40M
ounces
of
silver
mined
with
average
cut
off
grades
of
over
400
g/t
• Was
once
the
largest
mining
district
in
Europe
19

20. Next
Steps:
Norway
• Data
acquisi9on/compila9on
• Data
analysis
• Boots
on
the
ground
• Target
Selec9on
• Ground
Truthing
• Drill,
drill,
drill…
20

21. Appendix
21

22. The
Tellus
Project
and
Explora=on
LICENSE
MAP
BEFORE
THE
TELLUS
PROJECT
22

23. The
Tellus
Project
and
Explora=on
LICENSE
MAP
AFTER
THE
TELLUS
PROJECT
23

24. 3
Explora=on
Trends
-­‐
Magne=cs
24

25. Ac=ve
Resource
Industry
in
County
Tyrone
There are approximately 150 quarries across Northern Ireland
25

26. Ac=ve
Resource
Industry
in
County
Tyrone
2010
2011
2010
Inferred
2011
Inferred
Vein
M+I
M+I
Ounces
(1)
Ounces
(2)
Ounces
(1)
Ounces
(2)
No.
1
102,929
306,135
123,778
596,969
106-­‐16
100,202
314,128
162,035
429,048
T17
86,245
234,165
56,055
307,339
Crow
0
15,580
0
282,568
Bend
0
24,379
0
213,344
V75
18,982
21,234
32,874
100,937
Sheep
Dip
3,595
23,808
6,809
69,107
Mullan
3,140
42,774
1,797
57,346
Road
0
0
4,677
53,002
Others
113,351
173,484
82,875
122,803
Total
Ounces
428,444
1,155,687
470,899
2,232,464
(1) 43-101 resource by Micon dated May 10, 2010
(2) 43-101 resource by Micon dated Jan 10, 2012, effective date November 30, 2011
26

27. A Growing European Precious
Metals Explorer
Patrick F. N. Anderson
Chairman &
Chief Executive Officer
Investor Relations
Shae-Lynn Mathers
Director, Investor Relations
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