Dalradian Resources Inc.

Dalradian Resources Inc.

June 23, 2015 17:00 ET

Dalradian Announces Results of its 2015 Meeting of Shareholders

TORONTO, ONTARIO--(Marketwired - June 23, 2015) - Dalradian Resources Inc. ("Dalradian" or the "Company") (TSX:DNA)(AIM:DALR) is pleased to announce the results of its 2015 annual and special meeting of shareholders (the "Meeting") held today in Toronto, Ontario.

At the Meeting, all director nominees listed in the Company's management information circular dated May 11, 2015 were elected as directors of the Company. The detailed results of the vote by ballot are as follows:

Director Vote type Number of Votes Percentage of Votes
Patrick F.N. Anderson For 91,083,883 96.98 %
Withheld 2,839,522 3.02 %
Thomas J. Obradovich For 93,685,683 99.75 %
Withheld 237,722 0.25 %
Sean E.O. Roosen For 78,300,573 83.37 %
Withheld 15,622,832 16.63 %
Ronald P. Gagel For 93,685,905 99.75 %
Withheld 237,500 0.25 %
Jonathan Rubenstein For 93,660,355 99.72 %
Withheld 263,050 0.28 %
D. Grenville Thomas For 85,749,573 91.3 %
Withheld 8,173,832 8.70 %
Patrick G. Downey For 93,685,905 99.75 %
Withheld 237,500 0.25 %

In addition, at the Meeting, shareholders reappointed KPMG LLP, Chartered Accountants, as auditors of the Company, approved all unallocated restricted share units under the Company's restricted share unit plan, approved the adoption of Dalradian Gold Limited's share incentive plan, and ratified and confirmed the adoption of certain amendments to the Company's by-laws. The formal report on voting results with respect to all matters voted upon at the Meeting will be filed on SEDAR at www.sedar.com.

Further to the announcement of 14 May 2015, the Company is pleased to confirm the appointment of Patrick G. Downey, effective as of today, as a non-executive director of the Company.

Mr. Downey has over 30 years of international experience in the resource industry. Most recently, he was the President and Chief Executive Officer of Elgin Mining Inc., which was acquired by Mandalay Resources Inc. in June of 2014. Prior to that, Mr. Downey held the position of President, Chief Executive Officer and Director of Aura Minerals Inc. He was also President, Chief Executive Officer and a director of Viceroy Exploration Ltd. before its acquisition by Yamana Gold Inc. in 2006. Mr. Downey also served as President of Oliver Gold Corporation and completed the merger of that company to form Canico Resource Corp., which was subsequently purchased by Vale Corporation for over $800 million. He has held numerous senior engineering positions at several large scale gold mining operations and has also held operating positions at several mining projects for Anglo American Corporation in South Africa. He is currently a director of Claude Resources Inc., Orezone Gold Corporation, Argentex Mining Corporation and Pan Global Resources Inc. Mr. Downey holds a Bachelor of Science (Hon.) degree in Engineering from Queen's University in Belfast, Ireland.

In terms of the appointment of Patrick Gerard Downey (aged 55) to the board, there is no further information that is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules for Companies, save for the following:

Current directorships/partnerships
Argentex Mining Corporation
Claude Resources Inc.
Orezone Gold Corporation
Pan Global Resources Inc.
Patrick Downey and Associates Inc.
Past directorships/partnerships
Andina Minerals Inc.
Aura Minerals Inc.
Corex Gold Corporation
Elgin Mining Inc.
Mundoro Capital Inc. (formerly Mundoro Mining Inc.)

Mr Downey currently controls 50,000 shares of Dalradian Resources Inc.

About Dalradian

Dalradian Resources Inc. is a Canadian incorporated gold exploration and development company that is focused on advancing its high-grade Curraghinalt Gold Project located in Northern Ireland, United Kingdom. The Company is in the midst of a work program with the goal of completing a pre-feasibility study in support of a planning application for construction of an operating mine at Curraghinalt. Components of the program include underground exploration, which incorporates approximately 1,100 metres of development and 20,000 metres of infill drilling, a pre-feasibility study and an environmental impact assessment.

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