D'Aguilar Gold Limited (ASX:DGR) Announce The Opening Of Navaho Gold IPO Offer Period

Brisbane, Mar 2, 2011 AEST (ABN Newswire) - Further to the previous release of 16 February 2011, D'Aguilar Gold Limited (ASX:DGR) are pleased to advise of the opening of the Offer Period for the fully-underwritten A$9 million IPO and ASX-listing of Navaho Gold Limited (Navaho Gold).

As part of the IPO of Navaho Gold, all D'Aguilar shareholders on the register as of 15 February 2011 will shortly receive a Priority Offer on a personalised application form to be mailed to them together with a Navaho Gold Prospectus.

A$9 Million IPO Raising

The IPO for Navaho Gold will raise A$9 million for the exploration of Navaho Gold's portfolio of gold and gold-silver projects in Nevada, USA and Queensland, Australia. The Directors are very pleased to report that the issue has been fully underwritten by Bizzell Capital Partners. The pooled priority entitlement for eligible D'Aguilar shareholders will be A$1,000,000.

Key Dates of the Navaho Gold IPO

-------------------------------------------------Priority Offer Record Date       15 February 2011-------------------------------------------------Priority Offer Opens                 2 March 2011-------------------------------------------------Priority Offer Closes               22 March 2011-------------------------------------------------Public Offer Closes                 29 March 2011-------------------------------------------------Allotment of Shares / Dispatch of Holding Statements       5 April 2011-------------------------------------------------Anticipated ASX Listing Date        11 April 2011-------------------------------------------------

About Navaho Gold

Navaho Gold has assembled a quality portfolio of exploration projects with the potential to yield world-class gold discoveries in the prolific gold province of the state of Nevada in the USA. Nevada is known around the world for its gold endowment and prospectivity. There have been a number of recent significant discoveries and mine developments, and exploration is escalating across the region.

In addition, Navaho Gold has assembled a substantial package of gold and gold-silver prospective ground in Queensland, Australia, providing geographic diversity within its international, gold-focused project portfolio.

Further information regarding Navaho Gold, its projects, management team and a copy of its Prospectus are available on the Company's website at http://www.navahogold.com/

Navaho Gold also has the distinct advantage of a Board who have, in various positions previously, been instrumental in major discoveries, acquisitions and developments and who have had an outstanding track record in the finance of exploration companies.

Enquiries

Should you wish to discuss any aspect of this Priority Offer, or should you have any questions regarding the Navaho Gold Prospectus, feel free to contact D'Aguilar group Company Secretary Karl Schlobohm on 07-3303 0661 or kschlobohm@daguilargold.com.au

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