Dalradian Resources Inc.

Dalradian Resources Inc.

February 28, 2011 09:20 ET

Dalradian Extends Veins at Depth and Along Strike at Curraghinalt; Drills 2.74 m of 15.27 g/t of Gold

TORONTO, ONTARIO--(Marketwire - Feb. 28, 2011) - Dalradian Resources Inc. ("Dalradian" or the "Company") (TSX:DNA) (TSX:DNA.WT) has increased the extent of known mineralization both at depth and along strike at its Curraghinalt Deposit in County Tyrone, Northern Ireland. Mineralized intercepts from 8 veins are reported including 2.74 metres of 15.27 g/t of gold at the recently discovered Bend vein and 0.85 metres of 63.35 g/t of gold at the Mullan vein. 

"We are beginning to see results from the additional drill rigs added to the project in December 2010. The current four-rig program is designed to test outside the known resource envelope at depth, and along strike, and to determine the extent of newly discovered veins. Two of the rigs are targeting at depth below the resource, incrementally stepping down the vein system. Our other two rigs are focused on extending the shallow mineralization and are lengthening the strike of our recently discovered Crow and Bend veins," says Patrick F. N. Anderson, Chairman and CEO of the company.

Drill hole From (m) To (m) Intercept Width (m) True Width (m) Intercept Elevation (m) Au Grade (g/t) (Interpreted) Vein Name Resource Infill Resource Step-out
10-CT-75 104.50 105.49 0.99 0.84 116 12.86 T17 Yes  
10-CT-75 155.23 156.52 1.29 1.21 75 17.33 No 1 Yes  
10-CT-75 220.36 220.81 0.45 0.42 22 41.04 106-16 Yes  
10-CT-75 239.00 239.52 0.52 0.49 7 28.37 V75   Yes
10-CT-76 260.48 261.20 0.72 0.71 -33 19.90 Mullan   Yes
10-CT-76 415.10 416.62 1.52 1.46 -143 5.20 T17   Yes
10-CT-76 454.50 455.55 1.06 1.02 -170 4.57 No1 Yes  
10-CT-76 539.40 540.46 1.07 1.02 -228 4.12 106-16 Yes  
10-CT-76 644.99 645.54 0.55 0.52 -305 12.38 V75   Yes
10-CT-76 674.30 677.03 2.74 2.60 -325 15.27 Bend   Yes
10-CT-77 265.41 266.16 0.75 0.72 21 10.29 Mullan   Yes
10-CT-77 309.10 310.35 1.25 1.20 -11 6.10 T17   Yes
11-CT-77a 262.59 263.35 0.76 0.73 20 4.87 Mullan Yes  
11-CT-78 26.90 27.95 1.05 0.91 134 10.43 Road   Yes
11-CT-78 74.36 75.51 1.16 0.96 100 18.03 Sheep Dip Yes  
11-CT-78 242.61 243.46 0.85 0.76 -55 63.35 Mullan   Yes
11-CT-78 303.22 307.96 4.74 3.96 -126 13.12 T17   Yes
Including 303.22 303.90 0.68 0.57 -126 81.11 T17   Yes
Other intersections greater than 5gm
10-CT-76 486.43 486.56 0.13 0.12 -190 182.55      
10-CT-77 269.41 269.60 0.19 0.18 20 32.00      
11-CT-78 181.19 181.29 0.10 0.08 0 195.20      
11-CT-78 238.35 238.50 0.15 0.14 -50 94.72      

Drill hole 10-CT-75

This hole confirmed width and grade in the T17, No 1 and 106-16 veins with infill intercepts. It extended the V75 vein, with a step out intercept 185 metres down dip, hitting 0.52 metres of 28.37 g/t of gold. Please refer to cross-section C-C'.

Drill hole 10-CT-76

This hole hit the V75 vein 40 metres west of 10-CT-75, with a step out intercept of 0.55 metres at 12.38 g/t of gold. It extended the depth of Bend vein with a step out intercept hitting 2.74 metres at 15.27 g/t of gold 520 metres below surface. Another infill intercept hit 0.72 metres of 19.90 g/t gold in the Mullan vein and extended the T17 vein 92 metres along strike, intercepting 1.52 metres at 5.2 g/t gold. Additionally, the No. 1 and 106-16 veins, both in the resource estimate, were confirmed, albeit at reduced grades. Please refer to cross-section B-B'.

Drill hole 10-CT-77 and 11-CT-77a

10-CT-77 was partially redrilled as 11-CT-77a after difficult drilling conditions in the Kiln Shear Zone were encountered. Drill hole 10-CT-77 confirmed the Mullan vein extends 190 metres along strike and intercepted 0.75 metres grading 10.29 g/t gold. It also extended the T17 vein 255 metres along strike, intercepting 1.25 metres of 6.1 g/t gold. Both veins were extended beyond the limits of the resource estimate. Please refer to cross-section D-D'.

Drill hole 11-CT-78

This hole intercepted the Mullan and T17 veins outside the limits of the resource estimate. The Mullan, with 0.85 metres at 63.35 g/t of gold, has been extended 40 metres west along strike from drill hole 10-CT-76. The T17 vein, which intercepted 4.74 metres of 13.12 g/t gold, was extended to depth a further 115 metres from previously reported (NR: February 3, 2011). The Road vein, not included in the resource estimate, intercepted 1.05 metres of 10.43 g/t gold. An infill intercept on the Sheep Dip vein returned 1.16 metres of 18.03 g/t gold within the resource. Please refer to cross-section A-A'.

2011 Exploration Program

Two rigs are focused on extending mineralization to depth outside the resource envelope. These rigs have the capability to test depths in excess of 1000 metres.

Two other rigs are drilling shallower depths along the strike of the deposit, testing lateral continuity of the mineralization outside of the resource envelope.

The company is planning to commence a regional exploration program in April.

The company is well funded to pursue its 2011 exploration program.

Qualified Person

Vaughan Williams, P. Geo, Eur. Geol., Project Manager, Aurum Exploration Services, is a consultant to the company, is the Qualified Person who supervised the preparation of the technical data in this news release.

Omac Laboratories Ltd. (ISO/IEC 17025 accredited) of Loughrea, Republic of Ireland, performed the assays.

Dalradian Resources Inc.: A golden opportunity in Northern Ireland

Dalradian is a Canadian-based exploration company working to increase its gold resources at its approximately 84,000-hectare Tyrone Project, which encompasses its flagship Curraghinalt mesothermal gold deposit, in counties Tyrone and Londonderry in Northern Ireland. Its active exploration program is underway with four drill rigs operating at the site. Curraghinalt hosts an NI 43-101 compliant indicated mineral resource of 0.95 MT grading 13.24 g/t gold for 400,000 contained ounces and inferred mineral resource of 2.46 MT grading 14.64 g/t gold for 1.16 million contained ounces. Dalradian's NI 43-101 report, "A Mineral Resource Estimate for the Curraghinalt Gold Deposit and a Review of a Proposed Exploration Program for the Tyrone Project, County Tyrone and County Londonderry, Northern Ireland" is dated May 10, 2010, and prepared by Micon International Limited. Dalradian's common shares and warrants are listed on the Toronto Stock Exchange under the symbols DNA and DNA.WT respectively. For further information, please see www.dalradian.com.

Forward-looking Information

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, spending commitments, future operations, results of exploration, future work programs, capital expenditures and objectives. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results (including mineralization) and future events to differ materially from those expressed or implied by such forward-looking information, including the risks identified in the Company's prospectus under the heading "Risk Factors." There can be no assurance that such information will prove to be accurate, as actual results (including mineralization) and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

To view the figures included with this release, please visit the following link: http://media3.marketwire.com/docs/dnaFIGS228.pdf.

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