ACN 151 778 424

EPM 25966

“BULLDOG”

Partial Relinquishment Report to 10th September 2018 R Grayson

Geologist

October 2018

TABLE OF CONTENTS

• Summary

• Introduction

• Resource Authority Information

• General area Information

• Location map – resource authority

• Regional Geology

• Technical Summary

• Exploration rationale

• Previous work

• Work in Reporting Period and discussion

• Reason for Relinquishment

• Future work programs

• Copyright Statement

Appendix 1 - Soil sampling assay results (separate to this report)

1.0 SUMMARY EPM 25966, “Bulldog” was granted on the 24th of December 2015 to Pinnacle Gold P/L in respect of 26 sub-blocks. Pinnacle Gold Pty Ltd is a subsidiary of DGR Global Ltd. The tenement is 30km south of Charters Towers in North Queensland. Pinnacle Gold is exploring for gold in the Charters Towers region. Pinnacle have a package of 5 granted tenements just south of Charters Towers. The EPM forms part of a Pinnacle project designed to explore for gold deposits that are

within trucking distance of treatment mills in the Charters Towers area. It is believed that

there is an opportunity to emulate the Western Australian goldfields in that even relatively

small discoveries can be commercially developed using toll milling at the existing mines.

There are extensive areas of high gold geochemistry in this EPM that have had only sparse follow up work. Previous exploration has been inconclusive. During the first year, only desktop reviews were carried out. Sampling work continued on three other tenements nearby. During the second year, only desktop reviews were carried out. During the third year, 1,084 soil samples have been collected for assay. A renewal application and a 10 sub-block relinquishment was submitted in September 2018. At the time of writing drilling is currently underway on adjacent tenements owned by Pinnacle.

2.0 INTRODUCTION 2.1 Resource Authority Information

EPM 25966, “Bulldog” was granted on the 24th of December 2015 to Pinnacle Gold P/L in respect of 26 sub-blocks for a period of 3 years.

Pinnacle Gold Pty Ltd is a subsidiary of DGR Global Ltd.

A renewal application and a 10 sub-block relinquishment was submitted in September 2018. This Partial Relinquishment Report deals with work carried out on the relinquished sub-blocks since grant and is presented in fulfilment of the statutory conditions attached to the Permit.

2.2 General Area Information

The tenement is 30km south of Charters Towers in North Queensland.

2.3 Location map

Figure 1 – Location of EPM 25966

2.4 Regional Geology

Geological Setting The tenement is situated in the Charters Towers Province which lies within the Thomson Orogen. The Charters Towers Gold Field lies within the older granodioritic phases of the 455-385 Ma Ravenswood Batholith. The auriferous lodes are cut by Carboniferous dykes and are absent from the adjacent Middle Devonian sediments.

Figure 2 – The Charters Towers tenements over geology map

3.0 TECHNICAL SUMMARY

3.1 Exploration rationale

There are extensive areas of high gold stream sediment geochemistry in this EPM that have had only sparse follow up work. Previous exploration has been inconclusive.

3.2 Previous Work by Competitor Companies

There are extensive areas of high gold geochemistry in this EPM and others nearby which have had only sparse follow up work. Previous exploration has been inconclusive. This company has carried out compilation desk top reviews of historical data to optimise first pass surface sampling results.

Figure 3 – Overall gold results of earlier sampling by competitors

Figure 4 – Overall gold results of earlier sampling by competitors on a satellite map

3.3 Work in Reporting Period and discussion

During the third year, 1,084 soil samples have been collected for assay. A renewal application and a 10 sub-block relinquishment was submitted in September 2018. At the time of writing drilling is currently underway on adjacent tenements owned by Pinnacle. Soil sampling is on-going with in-fill samples being collected across the anomalous prospects. These are Lighthorse, Laura and Bulldog prospects. Appendix 1 contains the results of the soil sampling assays, some results are not yet at hand.

Figure 5 – Bi & Au results of the initial sampling program in July 2018.

Figure 6 – In-fill soil sampling over the prospective areas being carried out in August and September 2018

3.4 Reason for Relinquishment

As a condition of the permit, 40% of sub-blocks are surrendered after 3 years.

BLOCK SUB-BLOCKS NO. OF SUB BLOCKS

CLER 316 J K O P 4

CLER 317 A B F G L M 6

TOTAL 10

The following 16 sub-blocks will be retained:

BLOCK SUB-BLOCKS NO. OF SUB BLOCKS

CLER 173 X Y 2

CLER 245 C F G H J L M N O Q R S V W 14

TOTAL 16

Figure 7 – The selection process of partial relinquished sub-blocks (black outline)

and retained sub-blocks (blue outline)

Figure 8 – Sub-block map

4.0 Future work programs

Soil sampling is on-going and expected to continue across into the new tenement year.

Geological mapping is planned by a senior geologist.

5.0 Copyright Statement

The contents of this report remain the property of “Pinnacle Gold Pty Ltd.” and may not be published in whole or in part nor used in a company prospectus without the written consent of the company.