The Board of Directors of DGR Global Limited announced that a binding term sheet has been executed between Auburn Resources Limited and Chase Mining Limited. Pursuant to the Term Sheet Chase will, in consideration of exploration expenditure of up to $4.5 million provided in four stages, earn up to a 75% interest in Auburn's Hawkwood Project in Southern Queensland (Earnin). DGR /Auburn geologists consider that the Hawkwood Project has potential for magmatic NiCuCoPGE sulphide mineralisation.

In addition, there are indications of CuMoAu targets, and epithermal gold occurrences that warrant additional work. The project area tenement holding consists of 13 granted EPM's covering approximately 1,680km. Following on from the initial approach and subsequent due diligence by Chase, Auburn agreed to the Earn in as it provides a strategic opportunity to enable the accelerated exploration and development of the Hawkwood Project by Chase, while Auburn concentrates its exploration and development efforts on its projects at Calgoa and South Nicholson in Qld, and Tanumbirini and Victoria River Downs in the NT.

Key Commercial Terms: The material terms of the Term Sheet, are as follows: Chase will spend $500,000 over 12 months on an exploration program for the Hawkwood Project. DGR Global, as nominated operator, will undertake the program and be entitled to a management fee of 5% of the amount spent; At the end of Stage 1, Chase may elect to spend a further $2 million on exploration over 12 months. Upon completing Stage 2, Chase will have earned a 51% interest in the project tenements and associated assets.

Chase may, at its election, undertake the program as nominated operator, and be entitled to a management fee of 5% of the amount spent; 3. At the end of Stage 2 Chase may elect to spend a further $2 million on exploration over 12 months. On completion of Stage 3, Chase will have earned a further 24% interest (for a total of 75% interest) in the project tenements and associated assets. Chase may, at its election, undertake the program as nominated operator and be entitled to a management fee of 5% of the amount spent.

On completing Stage 3 and subject to point 4 below, the parties will manage and fund the project in accordance with their respective joint venture interests; and Auburn has the right, for a period of 30 days following Chase earning a 75% interest, to sell a further 15% interest to Chase for Chase fully paid ordinary shares with a total value of $2 million at an issue price equal to the then 30 day VWAP. If exercised and its interest is reduced to 10%, Auburn is free carried to a decision to mine.