May 8, 2008
Corporate Update
Vancouver, B.C. – Desert Gold Ventures Inc. ("Desert Gold" or the "Company") is pleased to announce that Mr. Tom Kennedy and Mr. John Morita have been appointed to the Board of Directors, effective May 6, 2008.
Mr. Kennedy brings over 20 years of experience as a director and officer of various public companies. He currently is a director and/or officer of several publicly listed companies providing legal, management and financial services.
Mr. Morita has over 35 years as a professional accountant and is a member of the CGA Association of British Columbia. He has provided over 16 years of consulting services to private and public companies, holding a variety of senior positions as Director, VP of Finance, CFO and Corporate Secretary with various public companies listing on the TSX:V and OTC B/B. Mr. Morita is the president and CEO of North American Mortgage Corporation, his private financial services corporation, providing financial and management consulting services to public and private corporations.
The Company accepts the resignation of R. Brian Murray and would like to thank him for his service to the Company, and wish him well in his future endeavors.
The Company has granted incentive stock options to its directors to purchase a total of 100,000 shares of the Company at a price of $1.00 per share. The options granted to the directors expire on May 7, 2013 and are subject to a hold period that expires on September 8, 2008. Also, in accordance with the policies of the TSX Venture Exchange, all of the options are subject to vesting provisions for the first 18 months.
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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