April 1, 2011 – Vancouver, British Columbia – Desert Gold Ventures Inc. (TSXV: DAU / OTCQX: DAUGF) (“Desert Gold” or the “Company”) announces that it has cancelled the Kai Option Agreement between the Company and La Société Kai Global Ltd. originally announced on December 22, 2010.
The Company has not yet finalized the option agreement on the remaining Guinean properties (the “Guinea Option Agreement”); the due diligence process is ongoing on those properties and when that process is complete, the Company will provide a further update on the status of the Guinea Option Agreement.
On behalf of the Board of Directors,
Chief Executive Officer
For further information on Desert Gold Ventures Inc. please visit our website at: www.desertgold.ca
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 or constitute "forward-looking information" within the meaning of applicable Canadian securities legislation (collectively, “forward-looking statements and information”). All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements and information. Although management believes the expectations expressed in such forward looking statements and information are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in these statements. Factors that could cause actual results to differ materially from those in forward-looking statements and information include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.