D'Aguilar Gold Limited (ASX:DGR) Advises That Navaho Gold Negotiates Rose Mine Project

Brisbane, Nov 9, 2010 AEST (ABN Newswire) - D'Aguilar Gold Limited (ASX:DGR) is pleased to announce that its subsidiary, Navaho Gold Pty Ltd ("Navaho Gold") has entered into a joint venture agreement with Renaissance Gold Inc. (CVE:REN) whereby Navaho Gold may earn a joint venture interest in RenGold's Rose Mine project in Nevada.

Under the terms of the agreement, Navaho Gold can earn an initial 51% interest in the Rose Mine project by incurring exploration expenditures of US$3 million over a four-year period, with the first year's commitment being US$150,000. Navaho Gold will then have the option and right to earn a 70% interest in the Rose Mine project by either producing a bankable feasibility study in six years or by spending an additional $6,000,000 over 6 years, at a rate of not less than $1,000,000 per year. Navaho Gold paid RenGold US$17,529 on signing for reimbursement of claim fees and lease payments.

The Rose Mine project property contains numerous carbonate-hosted jasperoids that have consistently returned multi-ounce silver values (up to 2,050 ppm) along a zone over one kilometre in length. In addition, there are areas of bleached limestone that have returned anomalous gold (up to 0.58 ppm) with anomalous pathfinder element values. Previous drilling conducted on the property returned anomalous values in gold (including 44m averaging 0.26 g/t Au and 3.1 g/t Ag from 24m depth) supporting further exploration. The currently producing Ruby Hill heap leach gold mine operated by Barrick Gold Corp (TSE:ABX) (NYSE:ABX) is located approximately 12 km northeast of the Rose Mine property.

ABOUT NAVAHO GOLD

Navaho Gold is a partially-owned subsidiary of ASX listed D'Aguilar Gold Limited. Navaho Gold is clearly focused on the exploration and development of "Carlin" style gold mineralisation. Navaho Gold has identified three areas in Queensland, Australia as highly prospective and holds six (6) granted and twenty (20) applications for exploration permits covering more than 7,000 km2 (2,700 mile2) in the Georgetown, northern Bowen Basin and Texas areas of Queensland. Navaho Gold is also currently assembling a highly prospective gold portfolio within the 200 million ounce Carlin/Battle Mountain-Eureka trends in Nevada, USA. Navaho Gold has recently completed a seed capital raising and commenced preparation of a prospectus ahead of a proposed IPO and ASX listing as soon as practical.

Navaho Gold is headed by Mark Dugmore (ex BHP (NYSE:BHP) global base metals manager). Each member the Board and Management of Navaho are highly experienced resource industry professionals with a demonstrated track record in the discovery, project development and financing of precious and base metal projects.

ABOUT RENAISSANCE GOLD

Renaissance Gold is a gold/silver exploration company that has a large portfolio of exploration projects in Nevada, Utah, Argentina and Spain. The majority of the projects are in exploration earn-in agreements with industry partners who provide exploration funding. Renaissance Gold applies the extensive exploration experience and high-end technical skills of its founders to search for and acquire new precious metal exploration projects that are then offered for joint venture.

Contact

Mr Nicholas Mather Managing Director Karl Schlobohm Company Secretary D'Aguilar Gold Ltd Ph: +61-7-3303-0680