December 01, 2006
Extension under Exploration License and Option Agreement Goldbanks Property, Pershing County, Nevada
Vancouver, B.C. -- Pursuant to the Exploration License and Option Agreement dated March 15, 2004, as amended, between Desert Gold Ventures Inc. ("Desert Gold") and Kinross Goldbanks Mining Co. ("Kinross"), Desert Gold and Kinross have agreed to extend the period of time for completion of a further US$750,000 in Exploration Expenditures from December 31, 2006 to June 30, 2007, pending the finalization of a drilling contractor and the appropriate equipment to carry out the next phase of exploration on the Goldbanks Property. As consideration for the extension, Desert Gold will issue to Kinross 100,000 common shares of Desert Gold upon receipt of TSX Venture Exchange approval.
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.
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
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