D'Aguilar Gold Limited (ASX:DGR) Completes Sale Of Central Minerals

Brisbane, Feb 19, 2010 AEST (ABN Newswire) - D'Aguilar Gold Limited (ASX:DGR) is pleased to announce that the sale of 79% subsidiary, Central Minerals Pty Ltd, was today approved by D'Aguilar shareholders in an Extraordinary General Meeting.

Details of the result of the meeting appear below.

As previously announced, the sale of Central Minerals to LSE(AIM) listed Solomon Gold Plc (LON:SOLG) has immediately returned A$1 million in cash to D'Aguilar, together with a further A$1 million in Convertible Notes which mature 12 months from the date of issue, bear a 10% coupon rate and are convertible at the greater of 8 pence or the market price for Solomon Gold shares at the time of conversion.

D'Aguilar now holds a total of 32,943,557 shares representing approximately 17.05% of Solomon Gold Plc. With such a significant stake in the Company, D'Aguilar will update shareholders regularly on the activities and results of Solomon Gold and its projects in the Solomon Islands and Queensland.

Details of Solomon Gold, its Board and its projects may be found on its website (http://www.solomongold.com). The Company trades on the Alternative Investment Market of the London Stock Exchange with the code SOLG.

The Solomon Gold Strategy

Solomon Gold aims to deliver, over the next 5 years, on its strategy to become an integrated gold explorer, developer and miner in the South West Pacific. Its accomplished Board and Management have significantly vested interests in 19.3% of Solomon Gold. The Company will draw on a track record in resource discovery and development to achieve its aims, in particular with the recent addition to the Board of Mr John Bovard, a South West Pacific development specialist who was instrumental in the development and management of major mines at Ok Tedi, Porgera, Misima and Bronze Wing.

Result of the Extraordinary General Meeting

Notice is hereby given, in accordance with Listing Rule 3.13.2 and Corporations Law Section 251AA(2) that at the General Meeting of the Company held today that the following (ordinary) resolution as set out below was passed by a show of hands without amendment:

"That the Company give its approval to:

a) the Share Sale Agreement to be entered into by the Company and each of the other Central Vendors with Solomon Gold plc in January 2010 for the sale by the Company and each of the other Central Vendors of all of the share capital in Central Minerals Pty Ltd; and

b) the Debt Assignment Deed to be entered into by the Company with Solomon Gold plc in January 2010 for the concurrent assignment of the debt owed by Central to the Company to Solomon Gold plc."

In respect of the resolution, the total number of proxy votes exercisable by all proxies validly appointed and the total number of proxy votes in respect of which the appointments specified that:

I. The proxy was to vote for the resolution; and
II. The proxy was to vote against the resolution; and
III. The proxy was able to vote at the proxy's discretion; and
IV. The proxy abstained from voting

are set out below:

   Total       For       Against   Discretion    Abstain--------------------------------------------------------32,787,521   28,820,341    2,500    3,954,680     10,000--------------------------------------------------------   100%          87.90%    0.01%       12.06%      0.03%--------------------------------------------------------

All discretionary proxies were directed in favour of the resolution. This meant that aggregate proxies voting in favour of the resolution totalled 32,775,021 (99.96%).

It is noted that in excess of 116 million of the Company's shares were subject to the voting exclusion for the motion.

Contact

KM Schlobohm Company Secretary Tel: +61-7-3303-0680 Email: info@daguilar.com.au