Patrick F. N. Anderson

We’ve found something precious. Opportunity.

President and CEO

Corporate Presentation May 2018

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FORWARD-LOOKING INFORMATION AND QUALIFIED PERSON

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This presentation contains “forward-looking information” which may include, but is not limited to, statements with respect to the delivery of an updated feasibilitystudy and an updated technical report, future financial or operating performance of the Company and its subsidiaries and its mineral project, the future price ofmetals, test work and confirming results from work performed to date, the estimation of mineral resources and mineral reserves, the realization of mineral resourceand mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital, operating and exploration expenditures, costs andtiming 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 mattersand 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 assumptionsthat management believes are reasonable, such as continued political stability in Northern Ireland, that permits required for Dalradian’s operations will be obtained ina timely basis in order to permit Dalradian to proceed on schedule with its planned exploration and mine development, construction and production programs, that apermitting application for mine construction will be approved, that skilled personnel and contractors will be available as Dalradian’s operations commence andcontinue 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 theCompany will be able to continue raising the necessary capital to finance its operations and realize on mineral resource and mineral reserve estimates and currentmine plans.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements ofDalradian to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factorsinclude, among others, general business, economic, competitive, political and social uncertainties; legal challenges to permits or permitting applications; the actualresults of current and future exploration activities; the actual results of reclamation activities; conclusions of economic evaluations; meeting various expected costestimates; changes in project parameters and/or economic assessments as plans continue to be refined; future prices of metals; possible variations of mineral grade orrecovery rates; the risk that actual costs may exceed estimated costs; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes andother risks of the mining industry; political instability; delays in obtaining governmental approvals or financing or in the completion of development or constructionactivities, 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, 2017dated 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 inforward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-lookingstatements 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, readersshould 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 Personswho have reviewed and approved the scientific and technical information in this presentation.

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▪ Large, high-grade vein system open in all directions

▪Close to surface and easily accessible

▪120,000 ha land package with many gold showings

Geology

▪Permit a mine

▪ Improve economics from positive FS base-case

Strategy

▪46% increase in M&I and 32% increase in Inferred

▪ Identified 5 new veins and increased strike length by 1 km

Resource Update

▪All political parties focused on economy and job creation

▪Transparent permitting process

Jurisdiction

▪Positive geotechnical and ore-sorting results being fed into FS update

▪Raised over CAD$320 M since 2010, including $78 million investment from Orion and Osisko

FS Improvement Financial Strength

HIGH-GRADE GOLD IN NORTHERN IRELAND

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STOCK PRICE PERFORMANCE

$0.50

$0.75

$1.00

$1.25

$1.50

$1.75

$2.00

$2.25

$2.50

$2.75

$3.00

$3.25

Michael Curran$2.20

Tyron Breytenbach$2.50

$2.00 Andrew Mikitchook

$3.00 Tom Gallo

$2.50 Stephen Walker

Ryan Walker$2.05

Analyst targets range from

$1.70-$3.00

$1.07May 10, 2018

SHARE CAPITALIZATION AND CASH POSITION

Shares outstanding of 355 million and fully diluted of 368 million as of May 2018

Cash position of $126 million as of March 2018

All dollars quoted in $ CAD

$1.70 Craig Stanley

160p Jonathan Guy

$2.70 Gary Sidhu

$2.25

CURRAGHINALT DEPOSIT

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MINERAL PROJECTS IN IRELAND AND THE UK

Gortin

Omagh

Curraghinalt

BELFAST

Galantas Gold

ConroyDiamonds& Gold

Walkabout Resources

Irish SaltMining

Curraghinalt GoldDeposit

Gold

Base Metals

Other

Exploration

In Production

Permitting/Permitted,but not producing

Past Producer

Stage Commodity

United Kingdom

Republic of Ireland

Northern Ireland

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OUR PROGRESS AT CURRAGHINALT

▪ UG exploration permits granted; ESIA and planning application submitted

▪ 2 PEAs and a positive base-case feasibility study released over 5 years

▪ 6 resource updates resulting in a 12x increase in resources

▪ Completed 2,000 metres of underground development with 3 test stopes 27 Years

of Work8 Years of Work

Metres of Drilling

Inferred Resource (Moz)

Measured and Indicated Resource (Moz)

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

180,000

2007 Pre-DNA

2010 Year1

2011 Year2

2014 Year4

2016 Year6

2018 Year8

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2018 RESOURCE

Released an updated Mineral Resource Estimate with a 42% increase in M&I ounces and a 29% increase in gold grade1

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

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RESOURCE EXPANSION

Vein and Vein Intersections

Curraghinalt Deposit

Attagh Burn

Alwories

Proposed

mill site

Curraghinalt

Deposit

12km

Curraghinalt

Trend

Rylagh

Bounds of Current Resource

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RESOURCE WIREFRAME – COMPARISON

Cpy

Cpy2016 - 16 veins over 1.3km strike 2018 - 21 veins (2 not in resource)over 2.3km strike (open in all directions)

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Curraghinalt

Deposit

Attagh Burn2.47m @ 18.99 g/t Au

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Golan Burn0.6m @ 61.43 g/t Au

Gold Anomalies

1

kilometres

0 2

Scotch TownPeak of 10.52 g/t Au

In mineralized boulders

400 m Step-out

3.2m @ 5.34 g/t Au2

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

2 11-CT-99 drilled at 200/-60, from 471.14-474.34 m3 12-CT-167 drilled from 201.93-204.40 m

Vein and Vein Intersections

Glaciated Terrain with Minimal Outcrop

Alwories Discovery Holes1

4.72m @ 14.82 g/t Au1a

2.22m @ 14.10 g/t Au1b

1.47m @ 23.60 g/t Au1c

12KM GOLD TREND IS MOSTLY UNEXPLORED

Proposed

mill site

Curraghinalt

Deposit

12km

Curraghinalt

Trend

Rylagh

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HIGH GRADE REGIONAL DISCOVERIES

Fallagh

Rylagh

1

kilometres

0 2

1

kilometres

0 2kilometres

0 5

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)

SAMPLES30.30 g/t Au (B0641)

29.20 g/t Au (B0633)

17.25 g/t Au (B0625)

11.65 g/t Au (B0627)

Curraghinalt

Deposit

Curraghinalt

Deposit

12km

Curraghinalt

Trend

Rylagh

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▪ 2018 drilling planned for several regional targets

▪ Soil sampling, panning and stream sediment sampling to continue on all licences

▪ Over 120,000 hectares under licence or application

REGIONAL EXPLORATION

FEASIBILITY STUDY

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SITE PLAN

Curraghinalt has been designed to fit in with the natural topography with a low profile design, using trees, berms and building wall sound panels to buffer noise.

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FS ENHANCEMENTS

▪ Infill drilling to enhance grade

▪ Conversion of Inferred resource into M&I and Reserves

▪ Focused geotechnical program in zones currently classified as poor ground

▪ Production rate

▪ Ore sorting

Anticipated results with enhancements are higher annual production and lower costs

Updated FS scheduled to be released in Q3 2018

The updated Mineral Resource Estimate*, along with the work listed below, will support an updated FS:

*Refer to page 10 for details

PERMITTING

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FOCUS ON JOBS AND ECONOMY

▪ Top priority of all NI political parties is jobs and investment and historically permitting decisions have been influenced by economic contribution

▪ Successfully permitted underground exploration at Curraghinalt

▪ Numerous government officials have visited our project, including over 70 site visits by regulators during UG program

▪ More than 40 meetings with regulators prior to submitting planning application

Stormont, NI Parliament Building

PERMITTING PROCESS

Planning Decision

Project Description Completed

ESIA CompletedPlanning ApplicationSubmitted

Planning Application consists of:

• Project Description

• Environmental Social Impact Assessment (ESIA)

The review process includes:

• consultation with other regulators and the public

• a thorough review of the application

Public LocalInquiry

COMPLETED IN PROGRESS

Planning Application Submitted

Planning NI Review

Public Local Inquiry anticipated due to scale of the project

10 - 12 months 12 monthsNovember 2017

COMMUNITY ENGAGEMENT

Over 1,000 tunnel tours and site visits

27 informative advertorials published in local newspapers

1400+ submissions of interest for jobs 34% from the local area

400+ letters of support submitted

SUMMARY

DNA HIGHLIGHTS

▪ Business-friendly jurisdiction with transparent permitting

▪ Large, high-grade vein system

▪ Positive Feasibility Study, with multiple opportunities for improvement

▪ Project has advanced to permitting stage

▪ Active technical program and news flow in 2018