February 17, 2006
Consolidation of Issued Common Shares and New Trading Symbol
Vancouver, B.C. -- Further to its news releases of November 25, 2005 and January 17, 2006, Desert Gold Ventures Inc. ("Desert Gold") announces that, effective February 17, 2006 (5:00 p.m. Pacific Standard Time), all of the issued common shares of Desert Gold will be consolidated on the basis of 8 pre-consolidated common shares for 1 post-consolidated common share.
At opening of trading on Monday, February 20, 2006, the common shares of Desert Gold, as consolidated, will commence trading on the TSX Venture Exchange under new trading symbol "DAU".
On Behalf of the Board of Directors:
Signed "Donald R. Sheldon"
Donald R. Sheldon, President
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. 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. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements 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.
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
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