Dalradian Resources Dalradian Appoints Jim Rutherford as Chairman
July 07 2016 - 2:00AM
UK Regulatory
TIDMDALR
Dalradian Appoints Jim Rutherford as Chairman
FOR: DALRADIAN RESOURCES INC.
TSX SYMBOL: DNA
AIM SYMBOL: DALR
July 7, 2016
Dalradian Appoints Jim Rutherford as Chairman
TORONTO, ONTARIO--(Marketwired - July 7, 2016) - Dalradian Resources Inc. (TSX:DNA)(AIM:DALR) ("Dalradian" or
the "Company") announces that Jim Rutherford, a director of the Company, has been appointed as Non-Executive
Chairman of the board of directors. Patrick F. N. Anderson, the outgoing Chairman, will remain as Chief
Executive Officer ("CEO"), President, and a director of the Company. In addition, as Mr. Rutherford is an
independent chairman, Thomas Obradovich has stepped down as Lead Director. The board felt that this was the
appropriate time to split the role of Chairman and CEO, thereby bringing the governance structure of the
Company into line with the UK Corporate Governance Code. Mr. Rutherford's more than 25 years of capital markets
experience and knowledge of the mining industry will be beneficial to Dalradian as the Company continues to
progress its Curraghinalt Gold Project in Northern Ireland toward development.
Mr. Rutherford commented:
"I would like to pay tribute to Tom and Patrick's excellent work in guiding the board as Lead Director and
Chairman and we value their continued involvement as directors of the Company. As Chairman, I am very much
looking forward to working alongside Dalradian's management both to advance the Curraghinalt project and to
increase the Company's profile in the London investment community. It is an exciting time to take on this
expanded role as we prepare to complete the feasibility study this autumn and submit the planning application
for the mine later in the year. Curraghinalt is one of the highest grade undeveloped gold deposits in the world
and will bring significant economic benefits to Northern Ireland."
Mr. Rutherford joined Dalradian's board of directors in June of 2015 and has served on the Audit Committee of
the Board for the past year. He has more than 25 years of experience in investment banking and investment
management, both as an institutional investor and analyst and, since November 2013, has served as a non-
executive director of Anglo American plc, one of the largest UK-listed diversified mining companies. Between
1997 and 2013, he was a senior vice president of Capital International Investors (a division of Capital Group,
one of the world's largest and longest established investment management companies), with responsibility for
investments in the mining and metals industry. Prior to joining Capital Group, Mr. Rutherford was an investment
analyst with HSBC James Capel's global mining team, based in New York. He also held analyst roles with Credit
Lyonnais and CRU International. He received his Bachelor of Science in Economics and Computer Science from
Queen's University, Belfast (UK) and gained his Master of Arts in Development Economics from the University of
Sussex (UK).
About Dalradian Resources Inc.
Dalradian Resources Inc. is a gold exploration and development company that is focused on advancing its high-
grade Curraghinalt Gold Project located in Northern Ireland, United Kingdom. The Company is in the midst of a
work program in support of a planning (permitting) application for construction of an operating mine at
Curraghinalt. Components of the program include a feasibility study, an environmental and social impact
assessment and underground exploration (at least 950 metres of development with associated test stoping).
In May 2016, Dalradian announced an updated mineral resource estimate for Curraghinalt, including a 109%
increase in gold ounces contained in the Measured and Indicated categories compared with the 2014 resource. The
current resource consists of 2.1 million ounces of contained gold in the Measured and Indicated categories
(5.61 million tonnes at 11.61 g/t) and 2.3 million ounces of contained gold in the Inferred category (7.13
million tonnes at 10.06 g/t gold). For further information, see the NI 43-101 technical report entitled,
"Technical Report for the Northern Ireland Gold Project, Northern Ireland", dated June 17, 2016 and prepared by
Dr. Jean-Francois Couture, PGeo (APGO#0197) and Dr. Oy Leuangthong, PEng (PEO#90563867), both of SRK Consulting
(Canada) Inc. and Stacy Freudigmann, PEng (APEGBC #33972) of JDS Energy & Mining Inc.
FORWARD-LOOKING STATEMENTS
This news release contains "forward looking information" which may include, but is not limited to, statements
with respect to the future financial or operating performance of the Company and its subsidiaries and its
mineral project, the future price of metals, test work and confirming results from work performed to date, the
estimation of mineral resources, the realization of mineral resource estimates, the timing and amount of
estimated future production, costs of production, capital, operating and exploration expenditures, costs and
timing of the development of new deposits, costs and timing of future exploration, requirements for additional
capital, government regulation of mining operations, environmental risks, reclamation expenses, title disputes
or claims, limitations of insurance coverage, the timing and possible outcome of pending regulatory matters and
the realization of the expected economics of the Curraghinalt gold deposit. Often, but not always, forward
looking statements can be identified by the use of words and phrases such as "plans", "expects", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations
(including negative variations) of such words and phrases, or statements that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
Forward looking statements are based on the opinions and estimates of management as of the date such statements
are made and are based on various assumptions such as the continued political stability in Northern Ireland,
that permits required for Dalradian's operations will be obtained on a timely basis in order to permit
Dalradian to proceed on schedule with its planned exploration and development programs, that skilled personnel
and contractors will be available as Dalradian's operations continue to grow, that the price of gold will be at
levels that render Dalradian's mineral project economic, that the Company will be able to continue raising the
necessary capital to finance its operations and realize on mineral resource estimates and current mine plans,
that the assumptions contained in the Company's Preliminary Economic Assessment are accurate and complete, that
results from the infill drilling program continue to be positive, that the mineral resource update is positive,
that the results of the Environmental and Social Impact Assessment and the Feasibility Study will be positive
and that a permitting application for mine construction will be approved.
Forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of Dalradian to be materially different from any future results,
performance or achievements expressed or implied by the forward looking statements. Such factors include, among
others, general business, economic, competitive, political and social uncertainties; the actual results of
current and future exploration activities; the actual results of reclamation activities; conclusions of
economic evaluations; meeting various expected cost estimates; changes in project parameters and/or economic
assessments as plans continue to be refined; future prices of metals; possible variations of mineral grade or
recovery rates; the risk that actual costs may exceed estimated costs; failure of plant, equipment or processes
to operate as anticipated; accidents, labour disputes and other risks of the mining industry; political
instability; delays in obtaining governmental approvals or financing or in the completion of development or
construction activities, as well as those factors discussed in the section entitled "Risk Factors" in the
Company's annual information form. Although the Company has attempted to identify important factors that could
cause actual actions, events or results to differ materially from those described in forward looking
statements, there may be other factors that cause actions, events or results to differ from those anticipated,
estimated or intended. Forward looking statements contained herein are made as of the date of this news release
and the Company disclaims any obligation to update any forward looking statements, whether as a result of new
information, future events or results, except as may be required by applicable securities laws. There can be no
assurance that forward looking statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly, readers should not place undue
reliance on forward looking statements.
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Marla Gale
Vice President Communications
+1 416 583 5622
investor@dalradian.com
OR
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett / Richard Tonthat / Harrison Clarke
+44 (0)20 7383 5100
OR
Canaccord Genuity Limited (Broker)
Henry Fitzgerald-O'Connor / Martin Davison
+44 20 7523 8000
Dalradian Resources Inc.
(END) Dow Jones Newswires
July 07, 2016 02:00 ET (06:00 GMT)
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