Ms. Marla Gale reports

DALRADIAN CLOSES C$40 MILLION BOUGHT DEAL FINANCING

Dalradian Resources Inc. has closed its bought deal prospectus offering pursuant to which the company issued 50,312,500 units of the company (which included the exercise in full of the overallotment option) at a price of 80 cents per unit, for gross proceeds in the amount of $40.25-million. The offering was conducted through a syndicate of underwriters led by Cormark Securities Inc. and including Dundee Securities Ltd., BMO Capital Markets, Canaccord Genuity Corp., RBC Capital Markets, Beacon Securities Ltd., Clarus Securities Inc., Euro Pacific Canada Inc. and Global Maxfin Capital Inc. Each unit consisted of one common share of Dalradian and one common share purchase warrant, each warrant being exercisable to acquire one common share of Dalradian at a purchase price of $1.04 until Oct. 7, 2017.

The net proceeds from the offering will be used to finance exploration, land acquisition and permitting activities at the Curraghinalt gold project, and for general corporate purposes.

M&G Investment Management Ltd. on behalf of its client Vanguard Precious Metals and Mining Fund, which was not previously a shareholder of Dalradian, purchased 22,812,500 units under the offering, so that it now holds approximately 10.65 per cent of the issued and outstanding common shares of the company.

Certain directors and officers of the company purchased units in the offering, which participation is considered to be a related-party transaction under Multilateral Instrument 61-101 -- protection of minority shareholders in special transactions. The company has determined that such related-party transactions are exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(a) of MI 61-101, on the basis that the fair market value of the transactions, insofar as they involve interested parties, does not exceed 25 per cent of the company's market capitalization.

The associated table shows the resulting change in holding for each director or officer following closing of the offering.

                                  CHANGE IN HOLDING
                         Units                                              
                         being          Total          Total     Percentage 
                  purchased in  warrants held    shares held   shareholding 
Individual        the offering  (postclosing)  (postclosing)  (postclosing) 

Patrick Anderson                                                            
(chief executive 
officer and                                                                     
chairman)              125,000        180,556      3,666,361           1.71%
Patrick Downey                                                              
(director)              80,000         80,000        180,000           0.08%
Keith McKay                                                                 
(chief financial 
officer)                12,500         12,500        323,500           0.15%
Sean Roosen                                                                 
(director)              62,500        229,166      1,653,083           0.77%
Jim Rutherford                                                              
(director)              62,500         62,500         62,500           0.03%

The company has applied for the admission of the 50,312,500 common shares issued in connection with the offering to trading on the AIM market of the London Stock Exchange and expects admission to occur on Oct. 8, 2015. Dalradian will have 214,202,705 common shares issued and outstanding following admission.

We seek Safe Harbor.