Dalradian Resources Inc. (TSX:DNA)(AIM:DALR) announce that it has entered into an agreement with a syndicate of investment dealers led by Cormark Securities Inc. and including Dundee Securities Ltd., BMO Capital Markets, Canaccord Genuity Corp., RBC Capital Markets, Beacon Securities Limited, Clarus Securities Inc., Euro Pacific Canada, Inc. and Global Maxfin Capital Inc. (the "Underwriters"), which have agreed to purchase, on a bought deal basis, 43,750,000 units of Dalradian (the "Units") at a purchase price of C$0.80 per Unit (the "Offering Price"), for aggregate gross proceeds in the amount of C$35 million (the "Offering"). Each Unit will consist of one common share of Dalradian (a "Unit Share") and one common share purchase warrant (a "Warrant"), each Warrant being exercisable to acquire one common share of Dalradian at a purchase price of C$1.04 for a period of 24 months following the closing date.