Mr. Patrick Anderson reports

DALRADIAN ANNOUNCES COST SAVING CORPORATE REORGANIZATION

Dalradian Resources Inc. has downsized and restructured its management team, and relocated its corporate office. These changes are expected to result in annual savings of nearly 20 per cent to the company's general and administrative costs.

Tim Warman, president, and Ruth Ives, vice-president, project management, have left Dalradian, effective immediately. Their responsibilities have been assumed by Eric Tremblay, Dalradian's chief operating officer, and Patrick F.N. Anderson, chief executive officer. In addition, Keith McKay, chief financial officer, will be retiring during 2016 once a replacement has been found and a transition period is complete.

Dalradian's corporate office has been downsized and moved to a location farther away from the financial centre in Toronto, cutting the annual lease approximately in half.

Patrick F.N. Anderson, Dalradian's chairman and chief executive officer, commented:

"These changes show our commitment to becoming an even more streamlined development company and also reflect our understanding of the current market realities of our industry. These initiatives are part of our ongoing drive to effectively preserve and deploy our cash while continuing to move our high-grade Curraghinalt gold project toward production. I would like to thank Tim and Ruth for their contributions to Curraghinalt's growth and development, and wish them all the best in their future endeavours. Our COO has been in place since March of this year and is well positioned to take over their responsibilities, some of which he had assumed several months ago. Our CFO, Keith McKay, has been with us since the founding of the company and we appreciate his willingness to extend his tenure in order to ensure a smooth transition."

We seek Safe Harbor.