Goldbanks Gold Resources

Details of the mineral resource estimation and additional information relating to the Company's Goldbanks Property can be found by accessing the Company's Technical Report on the Goldbanks Property by Timothy J. Percival dated February 27, 2006, and filed together with this news release on SEDAR at www.sedar.com.

The section on the mineral resource estimation for the Main and KW Zones follows the guidelines of Canadian National Instrument 43-101. The modeling and estimate of gold resources were completed by Mine Development Associates ("MDA") under the supervision of Michael M. Gustin, MDA Senior Geologist; no mineral reserves were estimated for the Goldbanks Project. Mr. Gustin is a qualified person under Canadian Securities Administrators' National Instrument 43-101 and is independent of Desert Gold. There is no affiliation between Mr. Gustin and Desert Gold except that of an independent consultant/client relationship.

The geologic character of the Goldbanks Property and the exploration concepts proposed are sufficiently promising to warrant recommending a two-phased exploration program.
Phase One will consist of continued collection of geological and geochemical data, compilation, and evaluation. The goal is to define solid, geologically-based, drill targets having the potential to host bulk extractable lower grade and high-grade "feeder-type" gold mineralization. Some of these targets may be extensions of known zones while others will be new targets based on developing an improved understanding of the structural control of mineralization.

Phase Two will consist of drilling the targets, which have been selected for their geologic merit. A drill footage of 10,000 feet is recommended for the second phase program. Exploration work is being conducted under the supervision of the Company's Qualified Person Jim Miller Tait, P.Geo. Under the terms of the Option Agreement with Kinross Gold Corporation, the Company is required to spend $5 million US before December 31, 2008, including an additional $250,000 in 2005 to earn a 50% interest.

CORPORATE UPDATE

The Company also announces that Mr. Donald Sheldon has resigned as President, Chief Executive Officer and Director of the Company. Mr. Eugene Beukman has been appointed as President and Chief Executive Officer in his place and will remain a director of Desert Gold. To fill Mr. Sheldon's vacancy, Mr. Thomas Tough has been appointed to the Board of Directors.

Mr. Beukman serves as President or Director for a number of various public companies, trading on the TSX Venture Exchange and the Toronto Stock Exchange. He graduated from the Rand University of Johannesburg, South Africa with a Bachelor of Law degree and a Bachelor of Law Honors Postgraduate degree. Prior to moving to Vancouver in 1993, Mr. Beukman provided legal and financial expertise in mineral exploration and development. He has over twenty years experience in the acquisition of assets and joint ventures with large multi-national mining companies. Mr. Beukman is also an Admitted Advocate of the Supreme Court of South Africa.

Mr. Tough, P.Eng. graduated in 1965 with a B.Sc. degree in Geology from the University of British Columbia and has been registered with the Association of Professional Engineers and Geoscientists of British Columbia since 1970. He has held numerous positions with public and private corporations as an officer and director.

He is a geological consultant with over 40 years experience in prospecting, property evaluation, exploration, development, open-pit and underground mine and mill planning and processing, as operator and project manager. As a consultant, he has specialized in underground and surface exploration, reserve estimations, and feasibility studies on precious metal projects and underground gold placer deposits along with the development and/or production of precious, base, industrial minerals, gemstones and oil and gas.

The Company also wishes to announce that it has received disinterested shareholder approval to amend the Company's Stock Option Plan to increase the number of shares reserved for issuance thereunder from 1,033,713 common shares to 1,118,213 common shares, which represents 20% of Desert Gold's issued and outstanding common shares on a post-consolidated basis at the time of approval, in accordance with the policies of the TSX Venture Exchange (the "Exchange"). The amendment of the Stock Option Plan is subject to Exchange approval.

Further to the Company's news release dated March 2, 2006, the Company received Exchange approval of a non-brokered private placement of 6,200,000 units of Desert Gold at a price of $0.27 per unit. Each unit consists of one common share of the Company and one transferable share purchase warrant. Each warrant entitles the holder to purchase one additional common share of Desert Gold at a price of $0.30 until March 24, 2008. The units are subject to a hold period that expires on July 25, 2006. As subscribers to the offering, Eugene Beukman, Gordon Keevil and Debra Watkins, directors and/or officers of the Company, acquired an aggregate of 115,000 common shares and warrants to purchase up to 115,000 common shares of the Company.

The Company has paid a Finders' Fee in cash representing 10% of the gross proceeds received from the arm's length purchasers.

Proceeds from the Offering will be used by Desert Gold to further its exploration program on its Goldbanks Property in Nevada, for general working capital and for operating expenses.

On Behalf of the Board of Directors,

"Eugene Beukman"

Eugene Beukman, 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.

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