D'Aguilar Gold Limited (ASX:DGR) Subsidiaries Barlyne Mining And Anduramba Molybdenum Appoint Ross Smith As Chief Executive Officer

Brisbane, Sep 17, 2010 AEST (ABN Newswire) - D'Aguilar Gold Limited (ASX:DGR) are pleased to advise that Mr Ross Smith has been appointed as the CEO of D'Aguilar subsidiaries Barlyne Mining (Barlyne) and Anduramba Molybdenum (Anduramba).

Mr Smith has been appointed with the key initial responsibility of taking Barlyne and Anduramba to an IPO and/or listing on a recognised stock exchange. This would follow in the footsteps of fellow D'Aguilar Group companies AusNiCo Limited (ASX:ANW) (listing date 21 October 2010), and Navaho Gold (IPO currently being progressed).

Mr Smith has over 15 years capital raising and ASX-listed company management experience, and brings a wealth of international project and capital raising experience with him to the D'Aguilar Group.

Barlyne's business model is based on the development of a porphyry copper molybdenum mining company in South East Queensland. Barlyne holds four prospective copper molybdenum projects including Great Blackall, Calgoa, Peenam and Gayndah. All four of these prospective projects host drill intersections of copper molybdenum or copper gold mineralisation.

The most exciting of the Barlyne projects are the Great Blackall (Cu/Au/Mo) and Rawbelle (Cu/Au/Mo) prospects that co-join the tenements hosting Aussie Q Resources Ltd's (ASX:AQR) Whitewash and Gordons Copper/Molybdenum discoveries in Queensland. The Great Blackall system is exposed at several locations yielding high molybdenum results in a porphyry intrusive complex over 16km2.

Anduramba has a JORC compliant total resource of 31.6M ton at 0.6% molybdenum equivalent (Mo Eq); indicated 21.0M tonnes and inferred 10.6M tonnes at a cut-off grade of 0.03% Mo Eq. Pre-feasibility cash-flow analysis indicates the Anduramba project is cash-flow positive at Mo prices greater than US$15/lb. Mo. London Metals Exchange cash seller & settlement price as at 14 September 2010 quoted at US$16/lb. Mo. The Board continues to reassess the commercial options for Anduramba.

For the complete D'Aguilar Gold announcement including footnote regarding estimation and metal equivalents assumptions, please refer to the following link:

http://www.abnnewswire.net/media/en/docs/63737-ASX-DGR-223988.pdf

Contact

Mr Nicholas Mather Managing Director D'Aguilar Gold Limited Ph: +61-7-3303-0680 Karl Schlobohm Company Secretary D'Aguilar Gold Ltd Ph: +61-7-3303-0680 D'Aguilar Gold Limited Email: info@daguilar.com.au http://www.daguilar.com.au