Patrick F. N. Anderson President and CEO FORWARD-LOOKING - PowerPoint PPT Presentation

We’ve found something precious. Opportunity. Corporate Presentation May 2018 Patrick F. N. Anderson President and CEO

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 delivery of an updated feasibility study and an updated technical report, future financial or operating performance of the Company and its subsidiaries and its mineral project, the future price of metals, test work and confirming results from work performed to date, the estimation of mineral resources and mineral reserves, the realization of mineral resource and mineral reserve 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, the timing and possible outcome of pending regulatory matters and the realization of the expected production, economics and mine life of the Curraghinalt gold deposit. Often, but not always, forward-looking statements can be identified by the 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 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 that management believes are reasonable, such as continued political stability in Northern Ireland, that permits required for Dalradian’s operations will be obtained in a timely basis in order to permit Dalradian to proceed on schedule with its planned exploration and mine development, construction and production programs, that a permitting application for mine construction will be approved, that skilled personnel and contractors will be available as Dalradian’s operations commence and continue to grow towards production and mining operations, that the price of gold will be at levels that render the Dalradian’s mineral project economic, and that the Company will be able to continue raising the necessary capital to finance its operations and realize on mineral resource and mineral reserve 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 Dalradian 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; legal challenges to permits or permitting applications; the actual results of current and future exploration activities; the actual results of reclamation activities; conclusions of economic evaluations; meeting various expected cost estimates; changes in project parameters and/or economic assessments as plans continue to be refined; future prices of metals; possible variations 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 or construction activities, as well as those factors discussed in the section entitled “Risk Factors” in the Company’s Annual Information Form for the year ended December 31, 2017 dated March 15, 2018. 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 of this presentation 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. Eric Tremblay, P.Eng., Chief Operating Officer, and Greg Hope, M.Sc., MAIG, Exploration and Geology Manager with Dalradian Resources Inc., are the Qualified Persons who have reviewed and approved the scientific and technical information in this presentation. 2 2

HIGH-GRADE GOLD IN NORTHERN IRELAND Geology Strategy ▪ Large, high-grade vein system ▪ Permit a mine open in all directions ▪ Improve economics from ▪ Close to surface and easily positive FS base-case accessible ▪ 120,000 ha land package with many gold showings Jurisdiction Resource Update ▪ All political parties focused on ▪ 46% increase in M&I and economy and job creation 32% increase in Inferred ▪ Transparent permitting ▪ Identified 5 new veins and process increased strike length by 1 km FS Improvement Financial Strength ▪ Positive geotechnical and ▪ Raised over CAD$320 M ore-sorting results being fed since 2010, including $78 million into FS update investment from Orion and Osisko 3

STOCK PRICE PERFORMANCE $3.00 Tom Gallo $3.25 160p Jonathan Guy $3.00 $2.70 Gary Sidhu $2.75 Analyst targets range from $2.50 Tyron Breytenbach $1.70-$3.00 $2.50 $2.50 Stephen Walker $2.25 $2.25 $2.00 $2.20 Michael Curran $2.05 Ryan Walker $1.75 $2.00 Andrew Mikitchook $1.50 $1.70 Craig Stanley $1.25 SHARE CAPITALIZATION AND CASH POSITION $1.00 Shares outstanding of $0.75 355 million and fully diluted of $1.07 May 10, 2018 368 million as of May 2018 $0.50 Cash position of $126 million as of March 2018 All dollars quoted in $ CAD 4

CURRAGHINALT DEPOSIT

MINERAL PROJECTS IN IRELAND AND THE UK Stage Commodity In Production Gold Past Producer Base Metals Permitting/Permitted, Other but not producing Exploration Curraghinalt Gold United Kingdom Deposit Curraghinalt Walkabout Resources Irish Salt Mining Gortin Galantas Omagh Gold BELFAST Conroy Republic of Ireland Diamonds & Gold Northern Ireland 6

OUR PROGRESS AT CURRAGHINALT 180,000 7.0 ▪ UG exploration permits granted; 160,000 6.0 ESIA and planning application 140,000 submitted 5.0 120,000 ▪ 2 PEAs and a positive base-case 4.0 100,000 feasibility study released over 80,000 5 years 3.0 60,000 ▪ 6 resource updates resulting in a 2.0 40,000 12x increase in resources 1.0 20,000 ▪ Completed 2,000 metres of 0 0.0 2007 Pre- 2010 Year 2011 Year 2014 Year 2016 Year 2018 Year underground development with DNA 1 2 4 6 8 3 test stopes 27 Years 8 Years of Work of Work Metres of Drilling Measured and Indicated Resource (Moz) Inferred Resource (Moz) 7

2018 RESOURCE Released an updated Mineral Resource Estimate with a 42% increase in M&I ounces and a 29% increase in gold grade 1 Measured: 0.04 Mt grading 26.04 g/t Au for 33,000 contained ounces Indicated: 6.31 Mt grading 14.95 g/t Au for 3.0 million contained ounces Inferred: 7.72 Mt grading 12.24 g/t Au for 3.1 million contained ounces 1 Refer to the press release dated May 10, 2018 for details on the updated Mineral Resource 8

RESOURCE EXPANSION Curraghinalt Deposit Rylagh Alwories 12km Curraghinalt Trend Attagh Bu rn Curraghinalt Deposit Proposed Bounds of Current Resource mill site Vein and Vein Intersections 9

RESOURCE WIREFRAME – COMPARISON Cpy 2016 - 16 veins over 1.3km strike 2018 - 21 veins (2 not in resource) over 2.3km strike (open in all directions ) Cpy 10

12KM GOLD TREND IS MOSTLY UNEXPLORED Curraghinalt Deposit Glaciated Terrain with Minimal Outcrop 1 Alwories Discovery Holes 1a 4.72m @ 14.82 g/t Au 1b 2.22m @ 14.10 g/t Au Rylagh 1c 1.47m @ 23.60 g/t Au Gold Anomalies 12km Curraghinalt Curraghinalt Trend Deposit Golan Burn 0.6m @ 61.43 g/t Au Scotch Town Peak of 10.52 g/t Au In mineralized boulders Attagh Burn 3 2.47m @ 18.99 g/t Au 400 m Step-out 2 Proposed 3.2m @ 5.34 g/t Au mill site 0 1 2 kilometres 1 1a 12-CT-173 drilled at 150/-60; 1b and 1c 12-CT-162 drilled at 180/-55; 1b from 186.00m - 188.22m, 1c from 229.08m - 230.55m; true width undetermined Vein and Vein Intersections 2 11-CT-99 drilled at 200/-60, from 471.14-474.34 m 3 12-CT-167 drilled from 201.93-204.40 m 11

HIGH GRADE REGIONAL DISCOVERIES Curraghinalt Deposit Curraghinalt Deposit Rylagh Fallagh 12km Curraghinalt SAMPLES Trend 30.30 g/t Au (B0641) 29.20 g/t Au (B0633) 17.25 g/t Au (B0625) 11.65 g/t Au (B0627) Rylagh SAMPLES - New Discovery 50cm @ 139.5 g/t Au (F11601) 10-15cm @ 1.37 g/t Au (F11627) 50cm @ 168 g/t Au (F36011) 50cm @ 42.4 g/t Au (F36011) ometres 0 0 1 2 5 kilometres kilometres 12