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STOCK SYMBOL
TSX-V: DAU
OTC: DAUGF
              FKFT: QXR2.F

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Further to the press release issued on January 8, 2015, Desert Gold Ventures Incorporated (“Desert Gold” or “the Company”) (TSX VENTURE:DAU) is pleased to announce that it has closed a Cdn $400,000 private placement. The Company completed a non-brokered private placement of units (the "Units") of the Company at a price of $0.05 per Unit to raise gross proceeds of Cdn $400,000 (the "Offering") issuing a total of 8,000,000 units. Each Unit consists of one common share (a "Common Share") of the Company and one common share purchase warrant (a "Warrant"). Each Warrant will be exercisable into one Common Share (a "Warrant Share") for a period of five years from closing at $0.05 per Warrant Share, provided that, if, at any time following the date of issuance, the closing price of the Common Shares on the TSX Venture Exchange (the "TSXV") is greater than $0.50 for 30 consecutive trading days, the Company may give notice to the holders of the Warrants that the expiry time of the Warrants has been accelerated and the Warrants will expire on the 20th business day following the date of such notice. Holders of Warrants are restricted from exercising Warrants without the approval of the TSXV if, as a result of exercise, the holder would hold more than 20% of the issued Common Shares of the Company.

The securities issued carry a four-month hold period under Canadian securities laws from the date of issuance. The issuance of the Units and listing of the Common Shares and the Warrant Shares pursuant to the Offering is subject to the TSXV approval. Proceeds from the Offering will be used for general working capital purposes.

Contact information:

Desert Gold

Roeland van Kerckhoven
President and CEO
Tel: +27 83 455-7847
Fax: +27 86 635-5438
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
or Jared Scharf
CFO
Tel: 1 (416) 662-3971
Fax: 1 (604) 408-9301
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

For further information please visit our website www.desertgold.ca or information available on www.SEDAR.com under the company’s profile.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such Act.

This news release contains forward-looking statements respecting the Company's ability to successfully complete the Offering. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements, including the inability of the Company to successfully complete the Offering. These uncertainties and risks include, but are not limited to, the strength of the capital markets, the price of gold; operational, funding, and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; and the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with mining operations. Risks and uncertainties about the Company's business are more fully discussed in the company's disclosure materials filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. The Company assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law.