Gladstone Pacific Nickel Limited

On behalf of the Board of D'Aguilar Gold Limited (ASX:DGR) I am pleased to offer you a personalised invitation to participate in the IPO of AusNiCo Limited (AusNiCo) under a Priority Offer specifically set aside for those D'Aguilar shareholders who held D'Aguilar shares on 5 August 2010.

During the quarter D'Aguilar Gold Limited (ASX:DGR) strongly advanced its objectives to become a diversified resource project generator and investment company.

In addition to the announcements of 23 and 30 April 2010, D'Aguilar Gold Limited (ASX:DGR) are pleased to provide a further update regarding the upcoming IPO of its 80% subsidiary AusNiCo Limited.