Source - MKW
Dalradian Provides Block Listing Update

TORONTO, ONTARIO--(Marketwired - September 27, 2016) - Dalradian Resources Inc. (TSX:DNA)(AIM:DALR) ("Dalradian" 
or the "Company") announces that pursuant to Rule 29 and Schedule Six of the AIM Rules for Companies, there have 
been the following changes to the number of shares block listed in respect of the block listing of up to 
28,047,299 common shares each in the Company admitted to trading on AIM on 6 February 2015 and its updates and 
changes on August 15, 2015 and May 20, 2016. 

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Name of company                 Dalradian Resources Inc.                                            
----------------------------------------------------------------------------------------------------
Name of scheme(s)               Block listing of up to 28,047,299 common shares each in the Company 
                                admitted to trading on AIM on 6 February 2015                       
----------------------------------------------------------------------------------------------------
Period of return                From: 20 May, 2016                                                  
                                To: 27 September, 2016                                              
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Balance under scheme(s) from    28,047,299 common shares                                            
previous return:                                                                                    
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The amount by which the block   Nil                                                                 
scheme(s)                                                                                           
has been increased during the                                                                       
period:                                                                                             
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Number and class of securities  864,340 common shares pursuant to broker warrants issued in         
issued under the scheme(s)      connection with the bought deal offering completed on 31 July 2014  
during the period:                                                                                  
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Number and class of securities  Nil                                                                 
issued under the scheme(s)                                                                          
which expired during the                                                                            
period:                                                                                             
----------------------------------------------------------------------------------------------------
Balance under the scheme(s) of  Warrants issued to two landowners on 1 January 2012           40,000
securities not yet issued at                                                                        
the end of the period                                                                               
                                --------------------------------------------------------------------
                                Warrants issued to two landowners on 1 January 2013           50,000
                                --------------------------------------------------------------------
                                Warrants issued in connection with the bought deal         9,602,500
                                offering completed on 31 July 2014                                  
                                --------------------------------------------------------------------
                                Warrants issued in connection with the non-brokered        5,599,999
                                private placement completed on 31 July 2014                         
                                --------------------------------------------------------------------
                                Total                                                     15,292,499
----------------------------------------------------------------------------------------------------
Number and class of securities  Block listing of up to 28,047,299 common shares each in the Company 
originally admitted and the     admitted to trading on AIM on 6 February 2015, as follows:          
date of admission                                                                                   
                                --------------------------------------------------------------------
                                Warrants issued to two landowners on 1 January 2011           30,000
                                --------------------------------------------------------------------
                                Warrants issued to two landowners on 1 January 2012           40,000
                                --------------------------------------------------------------------
                                Warrants issued to two landowners on 1 January 2013           50,000
                                --------------------------------------------------------------------
                                Warrants issued in connection with the bought deal         9,710,250
                                offering completed on 19 February 2014                              
                                --------------------------------------------------------------------
                                Broker warrants issued in connection with the bought       1,190,250
                                deal offering completed on 19 February 2014                         
                                --------------------------------------------------------------------
                                Warrants issued in connection with the bought deal         9,602,500
                                offering completed on 31 July 2014                                  
                                --------------------------------------------------------------------
                                Broker warrants issued in connection with the bought       1,152,300
                                deal offering completed on 31 July 2014                             
                                --------------------------------------------------------------------
                                Warrants issued in connection with the non-brokered        5,599,999
                                private placement completed on 31 July 2014                         
                                --------------------------------------------------------------------
                                Broker warrants issued in connection with the non-           672,000
                                brokered private placement completed on 31 July 2014                
                                --------------------------------------------------------------------
                                Admitted to trading on AIM on 15 August 2015, as                    
                                follows:                                                            
                                --------------------------------------------------------------------
                                Warrants issued in connection with the bought deal         9,581,650
                                offering completed on 19 February 2014                              
                                --------------------------------------------------------------------
                                Broker warrants issued in connection with the bought       1,002,429
                                deal offering completed on 19 February 2014                         
                                --------------------------------------------------------------------
                                Warrants issued in connection with the private placing        81,822
                                completed on 31 July 2014                                           
                                --------------------------------------------------------------------
                                Admitted to trading on AIM on 20 May 2016, as follows:              
                                --------------------------------------------------------------------
                                Broker warrants issued in connection with the bought         187,821
                                deal offering completed on 19 February 2014                         
                                --------------------------------------------------------------------
                                Broker warrants issued in connection with the bought         287,960
                                deal offering completed on 31 July 2014                             
                                --------------------------------------------------------------------
                                Broker warrants issued in connection with the private        590,178
                                placement completed on 31 July 2014                                 

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Contact details                 Marla Gale                                                          
                                Vice President, Communications                                      
                                +1 416 583 5622                                                     
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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 completing 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 (960 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. 

For more information:
Marla Gale
Vice President Communications
+1 416 583 5622
[email protected]

Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett / Richard Tonthat / Harrison Clarke
+44 (0)20 7383 5100

Canaccord Genuity Limited (Broker)
Henry Fitzgerald-O'Connor / Martin Davison
+44 20 7523 8000

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.

Dalradian Resources Inc.

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