DGR Global : 18 August 2016 – DGR Business Update

DGR Global Limited 18 August 2016 DGR Business Update

The Directors of DGR Global Limited (ASX: DGR) wish to provide shareholders and investors with an update of the latest activities and developments within those listed companies in which DGR maintains a founding interest. Shareholders and interested investors are also advised that DGR Global will have a booth and speaking spot at Brisbane Mining 2016 on 24 and 25 August 2016 at the Pullman Hotel, in Brisbane's CBD.

SolGold plc | LSE: SOLG - DGR 15.99% ‐ 152.5m Shares | www.solgold.com.au

SolGold continues to progress its flagship Cascabel copper gold porphyry project in Northern Ecuador. Cascabel is characterised by fourteen (14) identified targets, world class drilling intersections over 1km in length, and high copper and gold grades, as well as logistic advantages in location, elevation, water supply, proximity to roads, port and power services and a progressive legislative approach to resource development in Ecuador. SolGold has only drill tested one of the 14 targets, being Alpala.

To date SolGold has completed geological mapping, 25km2 of soil sampling, 14km2 and an additional 9km2 Induced Polarisation and Magnetotelluric "Orion" surveys over the Alpala cluster and Aguinaga targets respectively. By June 2016, the Company had also completed approximately 23,700m of drilling and expended a total of approximately US$33m on the exploration program, corporate costs and investments into Cornerstone. Intense diamond drilling is planned for the next 12 months with four drilling rigs.

On 1 August 2016, SolGold Plc announced that it had entered into a revised agreement with Maxit Capital LP for a private placement of up to US$36.5 million. Maxit has agreed to subscribe for up to 268.8 million ordinary shares at US$0.08 per ordinary share for gross proceeds of US$21.5 million plus an option for up to a further US$15 million. The first component of the placement is scheduled to settle on 24 August 2016, subject to certain conditions.

Also of relevance and note has been the recent corporate and regulatory developments in Ecuador and of Ecuador‐focused exploration companies. Lundin Gold Inc agreed terms on an Investment Protection Agreement for the Fruta del Norte project with the Ecuadorean Government, and Odin Mining Inc and Ecuador Gold and Copper Inc announced plans to merge.

Nick Mather, Executive Director of SolGold said that SolGold was very pleased to see the recent upswing in project, corporate and regulatory activity in Ecuador:

"These developments are a strong endorsement of Ecuador as an exploration and mining destination by both Government and Industry. Both Lundin and Odin are headed by resource industry executives with strong track records in exploration development and finance. It's pleasing to see" said Mr Mather.

SolGold's imminent capital raising will set the base for an intense 12 month program and budget with four drill rigs assessing some of the regional targets identified at Cascabel, and further defining Alpala.

For further detailed information, refer to SolGold's market releases on its website www.solgold.com.au. A video presentation of Solgold's Cascabel Project is available on YouTube, via the following link: https://www.youtube.com/watch?v=DWUwZGjy58w&feature=youtu.be

IronRidge Resources Ltd | LSE: IRR - DGR 26.33% ‐ 62.3m Shares | www.ironridgeresources.com.au

On 12 August 2016, IronRidge announced that it had entered into a conditional share subscription agreement with Tekton Minerals Pte Ltd (Tekton) under which it will invest up to US$3.5m over an 18 month period for up to a 58% shareholding in Tekton. This initiative will provide IronRidge with a first mover advantage within several highly prospective, province‐scale, gold mineralised belts in Chad, central Africa, with little or no modern‐day exploration and largely forgotten due to Chad's historical oil exploration and production focus.

Tekton has secured exploration rights in Chad over 1,400km2 of gold mineralised, province‐scale geological structures emplaced in potential gold‐bearing equivalents of the gold‐rich Birimian Greenstone belts of Ghana, Senegal, Mali, Cote d'Ivoire and Burkina Faso. Tekton has extensive in‐ country exploration, logistics and government relations expertise, with experienced and committed teams in place and demonstrated highly skilled francophone African expertise. Over two years of comprehensive exploration work has been completed to date by Tekton. Multiple high‐priority gold targets have been defined within the Dorothe, Echbara and Am Ouchar licences, including one drill ready target defined at Dorothe and additional untested lithium, graphite, base metal and uranium targets within the license portfolio.

The Tekton announcement also comes on the back of a number of other exciting developments for IronRidge including the 29 July 2016 announcement of its maiden JORC compliant bauxite resource at its Monogorilby prospect, and the 20 July 2016 announcement of the discovery of new gold exploration targets at its May Queen prospect. Both of these prospects are 100% held by IronRidge and are located in Queensland, Australia.

For further detailed information, refer to IronRidge's market releases on its website www.ironridgeresources.com.au

A recent video interview with IronRidge Managing Director, Vincent Mascolo is available via this link: http://www.proactiveinvestors.co.uk/companies/stocktube/5394/ironridge‐resources‐limited‐says‐ chad‐really‐excites‐the‐firm‐after‐tekton‐mineral‐deal‐5394.html

Dark Horse Resources Ltd | ASX: DHR - DGR 15.45% ‐ 113.5m | www.darkhorseresources.com.au

On 26 July 2016, Dark Horse announced that it had expanded its Argentinean interests by entering into a Memorandum of Understanding (MOU) to acquire 100% of Oronegro SA ("Oronegro"), with exclusive rights to explore for lithium and other strategic minerals throughout the San Luis and Córdoba provinces of Argentina, including an Exclusivity Agreement to acquire 100% of the Las Cuevas Mine in San Luis province, which is considered one of the most important spodumene mines in Argentina.

On 15 August 2016, Dark Horse announced that Oronegro had also entered into an Exclusivity Agreement to acquire 100% of the Las Tapias Mine in Córdoba province, the principal historic spodumene mine in Argentina.

As a result of these arrangements, Dark Horse, via Oronegro, has access to the following portfolio of lithium interests:

1. San Luis Province

2. Oronegro has entered into an Exclusivity Agreement with Option to Purchase with the Las Cuevas Mine vendor to acquire 100% of the mining properties of Las Cuevas Group, (Las Cuevas, Daniela Luciana II, Pequeña Lulu and San Roque, totaling 49Ha).

3. Oronegro has submitted applications for Exploration Permits ("Cateos") surrounding various lithium bearing pegmatite mines as follows:

   • San Martín (6,400Ha) covering an area immediately surrounding the Las Cuevas group of properties in the northern part of the Conlara pegmatite field.

   • El Totoral (10,000Ha) covering an area immediately surrounding inactive spodumene mines of the prolific El Totoral pegmatite field.

4. Oronegro has submitted two new applications for Exploration Permits ("Cateos") covering various old spodumene mines in the Los Chañares pegmatite district named Novillo Negro (8,500 Ha) and León Herido (9,400Ha).

6. Córdoba Province

7. Oronegro has entered into an "Exclusivity Agreement with Option to Purchase" (EAOP) with the Las Tapias Mine vendor to acquire 100% of six mining properties covering the historically significant Las Tapias pegmatite mine in the Altautina pegmatite field (Las Tapias, Rosita, San Telesforo, La Protectora, San Jose and San Jose II, totaling 84Ha).

8. Oronegro has submitted applications for Exploration Permits ("Cateos") as follows:

   • Piedra Pintada claim (300Ha) in the southernmost part of the Altautina pegmatite field and immediately surrounding the Las Tapias Mine to the south and east.

   • Retamillo and Los Mogotes claims (20,000Ha) which cover historically reported elevated lithium values obtained from stream sediment samples along the western boundary of the Achala batholith.

9. Dark Horse intends to carry out sufficient technical work to determine whether mining operations can be resumed and expanded with particular emphasis on lithium spodumene. Although there are currently some restrictions on the exploitation of some minerals in Cordoba, including lithium, Dark Horse expects that this will change in the future. Furthermore, the Las Tapias mining licenses are current, and Dark Horse will meet the necessary statutory requirements to allow the resumption of operations, should the resources prove to have current economic potential.

   Executive Director David Mason commented: "Dark Horse is very excited by this successful and significant acquisition by Oronegro ‐ the most important beryl and spodumene past producer in Argentina. This expands DHR's lithium business interests in Argentina and allows it to take advantage of Argentina's new dynamic business and investment climate. Lithium compliments Dark Horse's other significant energy project, the 1000MW Pico power Project in Rio Negro province.

   This new venture into lithium pegmatites with Oronegro adds significant value to DHR's portfolio of projects and has the potential to lead to substantial wealth generation for our shareholders. Oronegro has proved to be a strong and progressive company and Dark Horse looks forward to working closely with the Oronegro principals in expanding its business interests in Argentina."

   For further detailed information, refer to Dark Horse's market releases on its website www.darkhorseresources.com.au.

   Aus Tin Mining Limited | ASX: ANW - DGR 19.96% ‐ 258m Shares | www.austinmining.com.au

   On 17 August 2016 Aus Tin Mining Limited announced that the production of tin concentrate had commenced at its Granville Tin Project in Tasmania, elevating it to only the second tin producer listed on the ASX. This milestone occurs against the back drop of an improving tin price (currently US$18,270/t) and declining global tin stocks. It is anticipated that cash flow from the Granville Tin Project will be employed to advance Aus Tin Mining's suite of projects, including the Taronga Tin Project in NSW and Mt Cobalt in Queensland.

   The Company's Chief Executive Officer, Peter Williams said "the commencement of tin production at Granville (Tin Project) represents a major milestone for the Company, and elevates Aus Tin Mining to Australia's second tin producer listed on the ASX (the other being Metals X).

   The tin price is up 25 percent year to date and we believe the best leverage an investor can have to the increasing tin price is through operating assets. Having now commenced production at Granville, it is our intention to ramp‐up production and in due course exploit the high tin grades in the open pit generated from our 2015 drilling program.

   In addition, it is our intention to progress the development of the world class Taronga Tin Project whilst pursuing an exploration program that could provide high grade supplementary feed and/or extend the Life of Mine from the nine years identified in the 2014 Pre‐Feasibility Study."

   On 18 August 2016 Aus Tin Mining also announced its plans to undertake an exploration program targeting down dip extensions of historic workings at Mt Cobalt and Smith Mine at its Mt Cobalt project located west of Gympie in Queensland. As part of the program, Aus Tin Mining intends to identify a series of new drill targets in a newly identified zone south of Mt Cobalt.

   Aus Tin Mining has also engaged metallurgical consultants to advise on preferred processing options for the recovery of cobalt to provide a basis for future test work. It has also secured agreement to purchase the freehold property for $50,000 on which the Mt Cobalt project is situated.

   For further detailed information, refer to Aus Tin Mining's market releases on its website www.austinmining.com.au.

   Armour Energy Ltd | ASX: AJQ - DGR 23% ‐ 75m Shares | www.armourenergy.com.au

   On 16 August 2016, Armour Energy Limited announced that it had resolved to accept a settlement agreement with AEGP Australia Pty Ltd (AEGP) following the ruling by the Queensland Supreme Court ordering specific performance by AEGP of its obligations under the Farm‐out Agreement between Armour and AEGP in respect of the Northern Territory petroleum exploration permits.

   A wholly owned subsidiary of AEGP, AEGPAS Pty Ltd (AEGPAS) will hold 40,063,785 shares in Armour (Shares). Given the uncertainty of the outcome of further pursuit of performance by AEGP, in these circumstances, Armour has agreed to acquire AEGPAS from AEGP at no cost in settlement of AEGP's obligations to Armour. This will afford Armour the opportunity, over a 12 month period, to effect either an orderly disposal of the Shares or cancel them. AEGP will also forgo its right to earn up to a 75% interest in Armour's Northern Territory tenements, allowing Armour to retain a 100% interest in these assets.