Dalradian Resources Inc.

Dalradian Resources Inc.

March 12, 2012 08:47 ET

Dalradian Appoints Micon International Limited as Lead Consultant for the Curraghinalt Project Preliminary Economic Assessment

TORONTO, ONTARIO--(Marketwire - March 12, 2012) - Dalradian Resources Inc. ("Dalradian" or the "Company") (TSX:DNA) is pleased to announce that Micon International Limited (Micon) has been retained as the lead consultant to complete a Preliminary Economic Assessment (PEA) for Dalradian's wholly owned Curraghinalt Project in County Tyrone, Northern Ireland.

"Having previously engaged Micon for the current and previous resource estimates, we are extremely pleased to have them on board as they bring both expertise and a familiarity with the deposit." said John McCombe, Chief Operating Officer.

Micon International Limited (Micon) is an independent firm of mining industry consultants headquartered in Toronto, Canada with offices in Vancouver and the United Kingdom. For more than 25 years, Micon has applied skills and experience in economic geology, mine and process plant design, mineral economics, environmental management, mine operation and project management to provide consulting services throughout the world to junior and senior mining companies, financial institutions, government agencies and law firms. Micon's recent work in narrow-vein underground mining includes due diligence, economic assessment and engineering studies of gold and silver deposits in Canada, Mexico, Bolivia, and Russia.

The Curraghinalt deposit remains open along strike and to the north and south as well as at depth. Dalradian continues to explore these limits and at the same time explore further along the Curraghinalt trend and on regional targets within our 84,000-hectare land holding.

Qualified Person

John McCombe, P.Eng., Chief Operating Officer, Dalradian Resources Inc., is the Qualified Person who supervised the preparation of the technical data in this news release.

About Dalradian Resources Inc.:

Dalradian is a Canadian-based exploration company engaged in the acquisition, exploration and development of mineral properties. The Company's wholly owned subsidiary, Dalradian Gold Limited, holds a 100% interest, subject to certain royalties, in mineral prospecting licences and mining lease option agreements in counties Tyrone and Londonderry, Northern Ireland. The Department of Enterprise, Trade and Investment ("DETI") and the Crown Estate Commissioners ("CEC") have together granted to Dalradian base and precious metal mineral exploration rights to four contiguous areas collectively known as the Tyrone Project.

Dalradian's flagship deposit, Curraghinalt hosts an NI 43-101 compliant measured mineral resource of 0.02 MT grading 21.51 g/t gold for 10,000 contained ounces, indicated mineral resource of 1.11 MT grading 12.84 g/t gold for 460,000 contained ounces and inferred mineral resource of 5.45 MT grading 12.74 g/t for 2,230,000 contained ounces. Dalradian's NI 43-101 report, "An updated Mineral Resource Estimate for the Curraghinalt Gold Deposit, Tyrone Project, County Tyrone and County Londonderry, Northern Ireland" is dated January 10, 2012 and effective November 30, 2011, prepared by Messrs. Hennessey and Mukhopadhyay of Micon International Limited, and is available on SEDAR at www.sedar.com.

In addition to Dalradian's land position in Northern Ireland, the company also holds minerals rights to approximately 1.7 million hectares located in Norway.

Dalradian's Common Shares are listed on the Toronto Stock Exchange under the symbol "DNA". For further information, please see www.dalradian.com.


This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the estimation of mineral resources. 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.

Forward-looking statements involve known and unknown risks, uncertainties 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, competitive, political and social uncertainties; the actual results of current exploration activities; actual results of reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of metals; possible variations of ore grade or recovery rates; 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. 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 news release 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.

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