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AusNiCo IPO Confirmed and Fully Underwritten

$4 Million Underwriting Secured for AusNiCo IPO Further to previous market updates, the Directors of D’Aguilar Gold Limited (D'Aguilar) are pleased to advise of the finalisation and lodgement of the Prospectus for the IPO of AusNiCo Limited (AusNiCo). The IPO of AusNiCo will open on Monday 9 August 2010, and will raise $4,000,000 through the issue of 20 million new shares at $0.20 each. Every new AusNiCo share subscribed will come with a free attaching option (unlisted) exercisable at $0.20 through to 31 July 2012. D'Aguilar shareholders holding shares at the close of business on 5 August 2010 (Record Date) will be entitled to participate in a Priority Offer of $600,000 worth of new AusNiCo shares (for a total of 3,000,000 new shares at $0.20 each). D'Aguilar shareholders on the register at the Record Date will receive a personalised letter with instructions on how to access the relevant link on the AusNiCo website to the Priority Offer On‐line Application Form. The Directors are also pleased to advise that Bizzell Capital Partners Pty Ltd (Bizzell Capital) has been appointed as lead manager and underwriter to the IPO. The fully underwritten IPO ensures funding certainty for AusNiCo's planned exploration work program. Bizzell Capital Partners is a boutique corporate advisory house focused on transactions for small and medium size enterprises, specialising in the provision of capital for expansion and development of projects and companies in the energy, mining, technology and finance sectors. AusNiCo offers investors the opportunity for exposure to: Multiple commodities, including nickel, gold, silver, copper, cobalt and platinum group metals; an extensive package of tenements with encouraging mineralisation in an area of continuing industrial growth and established infrastructure; advanced targets with the prospect of immediate drilling results; and Accomplished management and Board of Directors with substantial experience in the fields of large project exploration and development and Nickel project development. Following the IPO, Mr John Downie will commence as AusNiCo CEO (refer ASX release of 16 June 2010) and will drive the continued exploration and development of AusNiCo's nickel sulphide discovery at Pembroke and Mt Cobalt, which has already returned an exploration drilling result of 50m @ 0.34% Nickel, including 4m @ 1.1% Nickel. The style of mineralisation is based on the Avebury deposit in Tasmania, owned by Allegiance Mining prior to its $840m take‐over by Zinifex in 2008. At Avebury 172,000 tonnes of contained nickel was defined (refer footnote) and later developed at grades of approximately 1% nickel, and concentrates containing more than 20% nickel were produced.