News Releases

Delta, British Columbia--(Newsfile Corp. - April 13, 2020) - Desert Gold Ventures (TSXV: DAU) (FSE: QXR2) (OTC Pink: DAUGF) (the "Company") announces that it has signed an Option Agreement with Indigo Exploration Inc. for a 100% interest in its 100 square kilometre Djimbala Permit in southern Mali, West Africa. The Djimbala Permit lies immediately east of Hummingbird's 0.7 million oz Au Komana gold mine1, 21 kilometres north, along strike, of the Kodieran Mine and 28 kilometres north, along strike, from Endeavour's high grade 3.3 million oz Au Kalana gold project2.

Djimbala Permit is located in southern Mali, West Africa, 220 km south of the capital of Bamako and covers a 100 km2 area. The permit is situated in the Yanfolila gold belt and is surrounded by a significant number of gold deposits, mines and prospecting permits. The bulk of the permit has not been explored. Two small soil sampling campaigns and a limited artisanal pit sampling program were completed by Desert Gold over parts of the permit with positive Au anomalies coinciding with possible favourable mineralized structures. Four north-south trending gold soil anomalies were defined, reflecting the regional structural trend. These soil anomalies also appear to correspond to the southern extension of mineralized zones drilled by Gold Fields immediately north of the Djimbala Permit. To date, several active artisanal workings were located during the soil campaigns, confirming Au mineralization.

Jared Scharf, President & CEO states, "With Desert Gold's primary focus on its flagship Senegal Mali Shear Zone Project, we feel it's a sensible decision to option out the Djimbala Property to Indigo. This allows us to focus our resources on the SMSZ Project. At the same time, it is important for exploration to scale up at Djimbala on a timely basis. This transaction will ensure that this happens. Desert Gold looks forward to becoming an Indigo shareholder, and by proxy, realize additional potential value for our shareholders via this transaction and also through their exploration properties in Burkina Faso. We look forward to Indigo advancing the potential of the Djimbala Property for the benefit of both our shareholders and the country of Mali."

DJIMBALA TRANSACTION

The Company has signed a four-year Option Agreement with Indigo, whereby the Indigo can acquire up to 100% interest in the Djimbala Permit by the issuance of shares and completing work. Upon completing a positive title opinion and financing of at least $500,000, the Indigo would make a share issuance to Desert Gold equivalent of $50,000 of Indigo common shares at a deemed price of 5 cents per share, and three subsequent share issuances over three years totalling $300,000 at a deemed price equal to the volume weighted average price ("VWAP") for the prior 10 day trading period. With work expenditures of CAD $400,000, Indigo would earn 51% in the permit and with an additional CAD $600,000 work expenditure, Indigo would earn 100% interest in the permit, subject to a 2% net smelter royalty ("NSR") in favour of Desert Gold, where 1% NSR could be bought out at any time for USD $1 million by Indigo.

This press release contains certain scientific and technical information. The Company is solely responsible for the contents and accuracy of any scientific and technical information related to it. Don Dudek, P.Geo a director of Desert Gold and a Qualified Person under National Instrument 43-101, has reviewed and approved the scientific and technical information contained in this press release.

1 Hummingbird Komana gold resource; 0.7 million oz Au probable reserves category (2015) https://hummingbirdresources.co.uk/operations-projects/mali/
2 Endeavour Kalana gold resource; 3.3 million oz Au measured & indicated (2020) https://www.endeavourmining.com/our-portfolio/Kalana-Project/default.aspx

ABOUT DESERT GOLD

Desert Gold Ventures Inc. is a gold exploration and development company that holds 2 gold exploration projects in Western Mali (SMSZ and Djimbala) and its Rutare gold project in central Rwanda. The Company's current focus is its 391 km2 SMSZ Project that spans approximately 38 km of the prolific Senegal Mali Shear Zone.

ON BEHALF OF THE BOARD

"Jared Scharf"

___________________________
Jared Scharf
President & Director

ABOUT DESERT GOLD

Desert Gold Ventures Inc. is a gold exploration and development company which holds 2 gold exploration permits in Western Mali (SMSZ Project and Djimbala) and its Rutare gold project in central Rwanda. For further information please visit www.SEDAR.com under the company's profile. Website: www.desertgold.ca

CONTACT
Jared Scharf, President & CEO
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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.

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.

Delta, British Columbia, March 11, 2020. Desert Gold Ventures Inc. (“Desert Gold” or “the Company”) (TSX.V: DAU, FF: QXR2, OTC: DAUGF) aannounces that due to the current market volatility, the Company has decided to postpone its previously announced private placement. All subscription agreements and funds received to date will be returned to those subscribers. The Company will revisit its funding plans once some degree of normalcy returns to the markets.

ON BEHALF OF THE BOARD

“Jared Scharf”
___________________________
Jared Scharf
President & Director

ABOUT DESERT GOLD
Desert Gold Ventures Inc. is a gold exploration and development company which holds 2 gold exploration permits in Western Mali (SMSZ Project and Djimbala) and its Rutare gold project in central Rwanda. For further information please visit www.SEDAR.com under the company’s profile. Website: www.desertgold.ca

CONTACT
Jared Scharf, President and Director
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel. No.: +1 (858) 247-8195

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.

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.

Delta, British Columbia, February 26, 2020. Desert Gold Ventures Inc. (“Desert Gold” or “the Company”) (TSX.V: DAU, FF: QXR2, OTC: DAUGF) announces that, subject to exchange approval, it will conduct a non-brokered private placement of up to 16,666,667 units at a price of CAD $0.15 per unit (the “Unit”) to raise up to CAD $2,500,000 (the “Financing”). Each Unit will consist of one common share in the equity of the Company and one common share purchase warrant (the “Warrant”).  Each Warrant entitles the holder to purchase one additional common share of the Company at a price of CAD $0.25 per common share for a period of two (2) years from the closing of the Financing.

The proceeds of the Financing will be used primarily for drilling at the Company’s flagship Senegal Mali Shear Zone Project (the “SMSZ Project”) in Western Mali and for general working capital purposes. The Company may pay a finder’s fee to qualified finders in respect to the Financing.  Securities issued as a result of the Financing will be subject to a statutory hold period.

ON BEHALF OF THE BOARD

“Jared Scharf”
___________________________
Jared Scharf
President & Director

ABOUT DESERT GOLD
Desert Gold Ventures Inc. is a gold exploration and development company which holds 2 gold exploration permits in Western Mali (SMSZ Project and Djimbala)  and its Rutare gold project in central Rwanda. For further information please visit www.SEDAR.com under the company’s profile. Website: www.desertgold.ca

CONTACT
Jared Scharf, President and Director
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel. No.: +1 (858) 247-8195

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.

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.

Delta, British Columbia, February 24, 2020.  Desert Gold Ventures Inc. (“Desert Gold” or “the Company”) (TSX.V: DAU, FF: QXR2, OTC: DAUGF) is pleased to present the results of a recently completed, 3,507 metre 74-hole, air core (AC) and reverse circulation (RC) drill program on its SMSZ Project in Western Mali, near the border with Senegal.

The ~400 km2 SMSZ Project is both named after, and, overlies a 38 km section of the Senegal Mali Shear Zone (see Figure 1), which is related to 5 large mines located both to the north and south, along strike, including B2 Gold’s Fekola Mine, Barrick’s Gounkoto and Loulo Mines and AngloGold Ashanti/Iamgold’s (now Allied Gold’s) Sadiola and Yatela Mines[1]. To the Company’s knowledge, the SMSZ Project is the largest, contiguous, non-producer land package over this very prospective structural feature. Management considers exploration targets within 5 km of the Senegal Mali Shear Zone to be high priority.

The Company carried out a 74-hole drill program during the period from late December to early January. The program consisted of 72 AC holes totalling 3,307 meters and 2 RC holes totalling 200 metres. These holes were designed to test five previously untested target areas, with three of the five areas returning new drill intercepts and two of the areas returning significant drill intercepts that will be followed up with additional holes. Intercept details are provided in a table at the end of the news release.

A summary of the drill highlights* are as follows (see Figure 2):

  • 3.03 g/t gold over 10 metres – Barani Gap
  • 3.50 g/t gold over 8 metres – Barani Gap (incl. 10.28 g/t gold over 2 metres)
  • 6.35 g/t gold over 2 metres – Barani Gap
  • 3.07 g/t gold over 2 metres – Barani Gap
  • 1.35 g/t gold over 6 metres – Barani Gap
  • 0.57 g/t gold over 7 metres – Barani Gap
  • 0.59 g/t gold over 7 metres – Barani Gap
  • 2.04 g/t gold over 30 metres – Soa (hole ended in mineralization)
  • 2.52 g/t gold over 5 metres – Soa
  • 2.34 g/t gold over 5 metres – Soa (hole ended in mineralization)
  • 2.03 g/t gold over 5 meters – Soa

* Estimated true widths for the Barani Gap holes is from 75 to 85% of the intercept width, estimated true widths for Soa,drill holes are uncertain.

Jared Scharf, Desert Gold’s CEO comments “I am quite pleased with these new results. Our auger and follow-up drill programs are proving to be highly effective at making new, quality gold discoveries where no one else has looked or tested before. This cannot be over emphasized as approximately 30% of the SMSZ property, and especially proximal to the Senegal Mali Shear Zone, lies under relatively shallow laterite and overburden cover. These results again support our exploration concept that property, and in particular Desert Gold’s, aligned along this regional scale structure, is one of the world’s best places to explore for new, potentially economic gold discoveries.”

DG Feb24 01
Figure 1 - Property Scale Compilation Map*

*All gold grades over width, with the exception of the Soa prospect, represent drill holes with the true widths, for most holes, ranging from 70 to 95%. **The Soa Prospect result is from a trench with true widths unknown. Estimated true widths for the Berola Prospect are unknown. True widths at the Gourbassi Zones range are estimated to range from 60% to 90%.

DG Feb24 2
Figure 2 - Phase 1 Drill Program Highlights

Technical Details

The phase 1 drill program is was carried out to test drill targets that were developed in exploration target areas 3, 16, 41, 46 and 56 (see locations in Desert Gold News Release dated Jan 29, 2020). Of these five target areas, three, target areas 16, 41 and 56, returned new, significant intercepts. A summary of the target areas follows, and detailed assay composites are presented in Table 1, at the end of the release. Most holes intersected enough gold mineralization to validate the drill target. However, only gold intercepts using a 0.5 g/t gold cut-off are presented here-in. Gold values > 0.1 g/t, which is a much lower cut-off, are used as an exploration tool, as an indication of gold ‘alteration’ for tracking mineralized trends and weaker parts of mineralized gold systems.

  • Target Area 3 – 600-metre long gold-in-soil anomaly along the eastern side of granodiorite intrusion with evidence of sheared albite granite dykes. A previous hole in the area returned 1.34 g/t gold over 4 metres at the end of a short hole
  • Target area 16 – previously untested 2,000 metre by 500 metre area of artisanal open pits to 150 metres long, numerous mine shafts and shallow workings that returned grab samples to 10.5 g/t gold
  • Target area 41 – 1,200 by 500 metre, laterite covered, gold-in auger targets in an area where three gold zones are interpreted to intersect.
  • Target area 45 – new, 400 metre by 250 metre artisanal shaft mining area that may represent a bulk mining-type exploration target.
  • Target area 56 – new, 3,200-metre long IP chargeability anomaly with both coincident and flanking resistivity highs. Surface mapping noted abundant quartz veining and hematite-altered rocks.

Target Area 3

A total of eight AC holes comprising 356 metres, were drilled to test a northerly striking Au-in-soil anomaly that, at its southern end, is associated with a tourmaline- and sphene-bearing albite granite dyke. Previous work along this trend returned 1.34 g/t gold over 4 metres at the end of a hole (see Figure 3). Six holes drilled north of the historic intercepts did not return any significant gold values. However, two holes, drilled 200 metres to the south, returned 2.37 g/t gold over 1 metre and 0.71 g/t gold over 1 metre. While narrow, this trend and intercepts, line up with target area 59, which is an induced polarization chargeability anomaly.

Target Area 16

Target area 16 or Soa area (see Figure 2), lies northeast, along strike of the same structure or structural trend that hosts the Barani East deposit (skarn-like, sulphide replacement, carbonate-hosted gold deposit with intercepts to 7.82 g/t gold over 13 metres). Historic work over the Soa area had returned a trench value of 0.89 g/t gold over 28 metres. Recent mapping located 17 small to medium-sized artisanal open pits to 100 metres long by 15-15 metres wide by 5 to 10 metres deep in an area approximately 2,000 metres by 500 metres in size. These pits are oriented in at least three directions, northerly-, northeast- and west-northwest-trending. Deeper pits appear to be located close to the structural intersections. The area is underlain by metasedimentary rocks.

A total of 18 AC holes comprising 896 metres were drilled as a first pass to test some of the potential targets in this area. Of these holes, 4 returned significant gold values with a best intercept of 2.04 g/t gold over 30 metres, with the hole ending in mineralization. This hole was drilled perpendicular to and under a trench that had returned 0.89 g/t gold over 28 metres, which appears to have been excavated semi-parallel to the structures noted in the artisanal pit. However, with multiple structural directions observed in the artisanal pit, estimated true widths of the intercepts in this area, are not clear. Another hole, drilled en-echelon to the west and 21 metres to the north, intersected 2.34 g/t gold over 5 metres, at the end of the hole.

The other two holes anomalous holes, which returned 2.03 g/t gold and 2.52 g/t gold, both over 5 metres, tested proximal to another artisanal open pit, area located 275 metres to the west. It is not clear if these two mineralized areas are connected.

Additional geological mapping and/or geophysical surveys are required to determine the trend of the mineralization that was intersected by the drilling and how best to follow up on these promising early results.

Target Area 41

Target area 41 (see Figure 3), is a series of five, interpreted, gold-in auger anomalous trends, with values to 1,840 ppb gold, that lie over the intersection zone between the northeast-trending Barani East Zone and the north-northwest trending Barani and Keniegoulou gold Zones. One of the gold-in-auger anomalies is approximately 150 metres wide. This area was never adequately tested as it lies under laterite cover. There is good correlation with drilled mineralization and auger anomalies in this area with an intercept of 1.97 g/t gold over 7 metres (~90% true width) associated with an auger-in-soil anomaly of 1,020 ppb gold. A total of 50 AC holes, totalling 2,211 metres, were drilled to test the gold-in-auger anomalies.

This new drilling has resulted in the delineation of one new mineralized trend and extensions to 3 others (see Figure 3). Trend #1, the most westerly, returned one intercept from three drill fences. This trend appears to be the southward continuation of the Barani zone structures. The next inferred trend to the east, #2, returned drill intercepts along 850 metres, from north to south of 0.65 g/t gold over 6 metres and 0.63 g/t gold over 6 meters, then 835 metres further south, 6.35 g/t gold over 2 metres and another 210 metres south, 3.50 g/t gold over 8 metres. The next mineralized trend, #3, which appears to be the southern strike extent of the Barani East zone, returned two intercepts of 1.35 g/t gold over 6 metres and, 400 metres to the south, 3.03 g/t gold over 10 metres. The next mineralized trend to the east, #4, aligns with the Keniegoulou Zone, extending this zone 700 metres to the north. Intercepts along this trend, include 0.72 g/t gold over 10 metres and 1.35 g/t gold over 6 metres and 200 metres to the north, 0.83 g/t gold over 3 metres. Trend #5, with one set of holes drilled returned 2.82 g/t gold over 1 metre.

The next steps will be to trace these intercepts along strike. From work over the Barani Zone, the mineralization appears to have a horizontal plunge and a moderate to steep east dip. What this means, is that the zone is best traced along strike, drilling at or near the same vertical level from east to west. However, plunge at the Barani East Zone is shallow to moderate to the south, with a moderate-east-dip and thus would require a different positioning of the drill to trace this style mineralization. Mineralized trends #2 and #3, appear to be related more to the addition of sulphides compared to quartz veins controlling the gold mineralization, which is more typical of the Barani East Zone.

Target Area 46

Four AC holes, totalling 200 metres, where drilled to test this 400-metre by 250-metre artisanal mining area. Since there was no clearly defined trends in the artisanal mining areas, it was hoped that this area represented a bulk mining type of target. Unfortunately, no significant results were returned from the area and as such, it is not clear what the local miners are mining. A post drill review of the area will be carried out to determine next steps.

Target Area 56

Two RC holes totalling 200 metres were drilled to test the near-surface expression of a 3,200-metre long IP chargeability anomaly. This area was chosen as the first place to start to evaluate this target as it was in the pressure-shadow of a large granodiorite intrusion and halfway between the Barani and Barani East Zones. Soil sampling in this dominantly, laterite-covered area, returned modest gold-in-soil anomalies with mapping noting areas of quartz veining and hematite alteration. The best results were returned from the westernmost of the two holes, which returned 1.03 g/t gold over 2 metres. Additional work will need to be completed along this trend, as the strongest part of the geophysical anomaly is deeper than tested. As well, it appears that the Target Area 41’s, #2 trend, is semi-parallel to this geophysical anomaly. Recent drilling returned good results along Target Area 41, trend #2.

DG Feb24 03
Figure 3 – Target areas 3, 41 and 56 Drill Results Summary and Compilation

Next Steps

At Barani East and Gourbassi East and West, additional drilling using AC, RC and Core is planned both to depth and along strike of known zones with a goal to delineate mineral resources. The Barani East Zone, which is controlled by a northeast-trending structure, appears to plunge moderately to shallowly to the southwest; new drilling will target down plunge and along strike of the known lenses, with a goal to extend known lenses and to discover additional lenses. Recent work at the Barani, Keniegoulou and Manakoto Zones (see Figure 1 for locations), suggests that mineralization has a flat plunge, which would support the planned testing of high-grade intercepts, along strike, at or about the same vertical level.

Desert Gold has identified 59 target areas where a variety of work programs ranging from first pass soil geochemistry, auger and IP geophysical surveys and first pass AC drilling to test soil targets and zone follow-up drilling, are planned. In the last program, five target areas were tested. As a result of this work, three of the five target areas will require drilling to follow-up on strong results.  Including the three target areas that require follow-up, a total of 57 targets areas will be evaluated as part of Desert Gold’s ongoing exploration program

Wide-spaced auger lines will initially test for gold enriched target areas that are covered by laterite. If anomalous gold values are delineated, then more systematic auger drilling will be carried out to better define the gold anomalies prior to first pass testing by AC drilling. Target areas that have been validated by existing soil surveys and/or geological mapping, will be tested by AC drilling if the rocks are weathered (saprolitic) and RC drilling if the rocks are fresh.

Geological mapping has been on-going since late November 2019 and is expected to continue through to July 2020.

QAQC

All AC, and RC samples were geologically logged following Desert Gold’s established standard operating procedures.

For AC and RC drilling, all individual samples represent approximately one-meter in length of rock chips homogenized and riffle-split to an approximately 2kg sub-samples which were sent by truck from the project site, for preparation and gold assaying at the SGS laboratories in Bamako, Mali.

Each sample (AC, and RC) is fire-assayed for gold by SGS laboratories in Bamako using Au-FAA505 method, which is a 50g fire assay fusion with AAS instrument finish. In addition to SGS’s own QA/QC (Quality Assurance/Quality Control) program, Desert Gold’s internal quality control and quality assurance procedures included the use of certified standards (1 :20), sample duplicates (1 :20) and blanks (1 :20). Sample batches that fail QAQC review, especially those with significant gold intercepts, are re-assayed with the insertion of new standards.

This press release contains certain scientific and technical information. The Company is solely responsible for the contents and accuracy of any scientific and technical information related to it. Don Dudek, P.Geo a director of Desert Gold and a Qualified Person under National Instrument 43-101, has reviewed and approved the scientific and technical information contained in this press release.

Segala West Project

The non-core Segala West exploration concession 7-year term has expired. Desert Gold’s application for a new license was not granted. 

Director Resignation

Greg Isenor, a Director of Desert Gold, has chosen to resign so that he can focus on Roscan Gold Corporation, another TSX-V junior explorer that is also active in Western Mali. Desert Gold wishes Mr. Isenor the best of luck with Roscan’s exploration efforts and thanks him for this support and contributions to Desert Gold.

About Desert Gold

Desert Gold Ventures Inc. is a gold exploration and development company that holds 2 gold exploration projects in Western Mali (SMSZ and Djimbala) and its Rutare gold project in central Rwanda. The Company’s current focus is its 391 km2 SMSZ Project that spans approximately 38 km of the prolific Senegal Mali Shear Zone.

On Behalf of the Board of Directors

“Sonny Janda”
____________________

Sonny Janda, Chairman

Contact:
Jared Scharf, President & CEO
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel. No.: +1 (858) 247-8195

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

Certain statements contained in this release may constitute "forward–looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”, “anticipates” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

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.

Table 1 - Detailed Drill Hole Assay Summary

BHID

FROM

TO

LENGTH

Au_ppm

FA-19-AC-001

     

NSR

FA-19-AC-002

     

NSR

FA-19-AC-003

     

NSR

FA-19-AC-004

     

NSR

FA-19-AC-005

32

40

8

3.50

Incl.

32

34

2

10.28

FA-19-AC-006

12

14

2

3.07

FA-19-AC-007

     

NSR

FA-19-AC-008

     

NSR

FA-19-AC-009

     

NSR

FA-19-AC-010

     

NSR

FA-19-AC-011

     

NSR

FA-19-AC-012

     

NSR

FA-19-AC-013

     

NSR

FA-19-AC-014

19

29

10

3.03

FA-19-AC-015

     

NSR

FA-19-AC-016

     

NSR

FA-19-AC-017

12

15

3

0.85

FA-19-AC-018

14

15

1

0.83

FA-19-AC-019

     

NSR

FA-19-AC-020

     

NSR

FA-19-AC-021

     

NSR

FA-19-AC-022

     

NSR

FA-19-AC-023

33

34

1

1.15

FA-19-AC-024

     

NSR

FA-19-AC-025

     

NSR

FA-19-AC-026

     

NSR

FA-19-AC-027

15

16

1

1.16

FA-19-AC-027

32

39

7

0.57

FA-19-AC-028

15

22

7

0.59

FA-19-AC-028

39

42

3

0.82

FA-19-AC-029

7

8

1

1.08

FA-19-AC-030

22

28

6

1.35

FA-19-AC-031

     

NSR

FA-19-AC-032

0

1

1

0.52

FA-19-AC-032

9

10

1

0.48

FA-19-AC-032

17

18

1

0.68

FA-19-AC-033

     

NSR

FA-19-AC-034

25

26

1

2.82

FA-19-AC-035

     

NSR

FA-19-AC-036

15

17

2

1.42

FA-19-AC-037

20

26

6

1.35

FA-19-AC-038

 

not drilled

 

FA-19-AC-039

7

8

1

0.74

FA-19-AC-039

21

23

2

6.35

FA-19-AC-040

 

not drilled

 

FA-19-AC-041

7

8

1

2.37

FA-19-AC-042

25

26

1

0.71

FA-19-AC-043

     

NSR

FA-19-AC-044

     

NSR

FA-19-AC-045

     

NSR

FA-19-AC-046

     

NSR

FA-19-AC-047

     

NSR

FA-19-AC-048

     

NSR

FA-19-AC-049

     

NSR

FA-19-AC-050

     

NSR

FA-19-AC-051

25

28

3

1.93

FA-19-AC-052

9

13

5

0.56

FA-19-RC-001

     

NSR

FA-19-RC-002

84

86

2

1.03

SBS-19-AC-003

34

35

1

0.51

SBS-19-AC-004

13

14

1

0.51

SBS-19-AC-005

     

NSR

SBS-19-AC-006

     

NSR

SBS-19-AC-007

     

NSR

SBS-19-AC-008

45

47

1

0.55

SBS-19-AC-009

     

NSR

SBS-19-AC-010

20

50

30

2.04

SBS-19-AC-011

45

50

5

2.34

SBS-19-AC-012

0

1

1

2.12

SBS-19-AC-013

     

NSR

SBS-19-AC-014

4

5

1

1.04

SBS-19-AC-014

18

23

5

2.52

SBS-19-AC-015

39

44

5

2.03

SBS-19-AC-016

     

NSR

SBS-19-AC-017

     

NSR

SBS-19-AC-018

     

NSR

SBS-19-AC-019

     

NSR

SBS-19-AC-020

     

NSR

SBS-19-AC-021

     

NSR

SBS-19-AC-022

     

NSR

SBS-19-AC-023

     

NSR

SBS-19-AC-024

     

NSR

[1] Mineralization hosted on adjacent and/or nearby properties is not necessarily representative of mineralization hosted on the Company’s SMSZ Property.

Delta, British Columbia, February 21, 2020. Desert Gold Ventures Inc. (“Desert Gold” or “theCompany”) (TSX.V: DAU, FF: QXR2, OTC: DAUGF) is pleased to announce that, subject to exchange approval, the Company has entered into a 3 month agreement with Apaton Finance GmbH of Hannover, Germany to provide investor relations services. The Company will pay 8,500 euros per month, and thecontract is extendable if the Company so elects.

About Desert Gold

Desert Gold Ventures Inc. is a gold exploration and development company that holds 3 gold exploration projects in Western Mali (SMSZ Project and Djimbala) and its Rutare gold project in central Rwanda. The Company’s current focus is its 391 km2 SMSZ Project that spans approximately 38 km of the prolific Senegal Mali Shear Zone.

ON BEHALF OF THE BOARD OF DIRECTORS

“Sonny Janda”

____________________
Sonny Janda, Chairman

Contact:
Jared Scharf, President & CEO
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel. No.: +1 (858) 247-8195

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

Certain statements contained in this release may constitute "forward–looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”, “anticipates” and similar expressions and statements  relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

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.