Dalradian Announces Cost Saving Corporate Reorganization

TORONTO, ONTARIO--(Marketwired - Sept. 3, 2015) - Dalradian Resources Inc. (TSX:DNA)(TSX:DNA.WT)(AIM:DALR) ("Dalradian" or the "Company") announced a downsizing and restructuring of the Company's management team and corporate office relocation. These changes are expected to result in annual savings of nearly 20% to the Company's general and administrative costs.

Tim Warman, President and Ruth Ives, VP Project Management, have left Dalradian, effective immediately. Their responsibilities have been assumed by Eric Tremblay, Dalradian's Chief Operating Officer (COO) and Patrick F. N. Anderson, Chief Executive Officer (CEO). In addition, Keith McKay, Chief Financial Officer (CFO), will be retiring during 2016 once a replacement has been found and a transition period is complete.

Dalradian's corporate office has been downsized and moved to a location further away from the financial centre in Toronto, cutting the annual lease approximately in half.

Patrick F.N. Anderson, Dalradian's Chairman and CEO, commented:

"These changes show our commitment to becoming an even more streamlined development company and also reflect our understanding of the current market realities of our industry. These initiatives are part of our ongoing drive to effectively preserve and deploy our cash while continuing to move our high-grade Curraghinalt gold project toward production. I would like to thank Tim and Ruth for their contributions to Curraghinalt's growth and development and wish them all the best in their future endeavours. Our COO has been in place since March of this year and is well-positioned to take over their responsibilities, some of which he had assumed several months ago. Our CFO, Keith McKay, has been with us since the founding of the Company and we appreciate his willingness to extend his tenure in order to ensure a smooth transition."

About Dalradian

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 in the midst of 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 impact assessment, infill drilling and underground exploration (885 metres of development with two test stopes).