News Releases

Delta, British Columbia, February 21, 2020. Desert Gold Ventures Inc. (“Desert Gold” or “theCompany”) (TSX.V: DAU, FF: QXR2, OTC: DAUGF) is pleased to announce that, subject to exchange approval, the Company has entered into a 3 month agreement with Apaton Finance GmbH of Hannover, Germany to provide investor relations services. The Company will pay 8,500 euros per month, and thecontract is extendable if the Company so elects.

About Desert Gold

Desert Gold Ventures Inc. is a gold exploration and development company that holds 3 gold exploration projects in Western Mali (SMSZ Project and Djimbala) and its Rutare gold project in central Rwanda. The Company’s current focus is its 391 km2 SMSZ Project that spans approximately 38 km of the prolific Senegal Mali Shear Zone.

ON BEHALF OF THE BOARD OF DIRECTORS

“Sonny Janda”

____________________
Sonny Janda, Chairman

Contact:
Jared Scharf, President & CEO
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel. No.: +1 (858) 247-8195

For further information please visit our website www.desertgold.ca or information available on www.SEDAR.com under the company’s profile.

Certain statements contained in this release may constitute "forward–looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”, “anticipates” and similar expressions and statements  relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the united states. The securities described herein have not been and will not be registered under the united states securities act of 1933, as amended, and may not be offered or sold in the united states or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such act.

Delta, British Columbia--(Newsfile Corp. - January 30, 2020) - Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTC Pink: DAUGF) ("Desert Gold" or "the Company") is pleased to present, recently acquired and reviewed, geophysical data over the Company's SMSZ Project in Western Mali, near the border with Senegal.

The ~400 km2 SMSZ Project is both named after, and, overlies a 38 km section of the Senegal Mali Shear Zone (see Figure 1), which is related to 5 large mines located both to the north and south, along strike, including B2 Gold's Fekola Mine, Barrick's Gounkoto and Loulo Mines and AngloGold Ashanti/Iamgold's (now Allied Gold's) Sadiola and Yatela Mines[1]. To the Company's knowledge, the SMSZ Project is the largest, contiguous, non-producer land package over this very prospective structural feature. Exploration targets within 5 km of the Senegal Mali Shear Zone, are considered by management to be high priority, exploration targets.

Induced Polarization (IP) surveys were carried out over the project area in 2011 for TransAfrika Resources, a precursor to Desert Gold. This work led to the definition of 15 strong anomalies that are presented in Figures 2 and 3, along with select drill results, the inferred location of the Senegal Mali Shear Zone and select geological data. Of these anomalies, 4 anomalies, B, E, F and I, are deemed to be tested with each of the 4 related to known gold zones. The remaining 11 geophysical anomalies have either not been adequately tested or tested at all. A summary of the anomalies is presented in Table 1. Testing of these geophysical anomalies is planned to begin in 1H, 2020.

Jared Scharf, Desert Gold's CEO comments "This newly evaluated geophysical data, further emphasises the potential of the SMSZ Project. We are defining new targets in a great structural setting, in generally, laterite and/or overburden-covered areas, that would not have been picked up by conventional soil sampling and mapping. As well, most, if not all of these anomalies are of sufficient scale for the discovery of a new, significant, gold deposit."

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Figure 1 Property Scale Compilation Map*

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*All gold grades over width, with the exception of the Soa prospect, represent drill holes with the true widths, for most holes, ranging from 70 to 95%. **The Soa Prospect result is from a trench with true widths unknown. Estimated true widths for the Berola Prospect are unknown. True widths at the Gourbassi Zones range are estimated to range from 60% to 90%.

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Figure 2 Colour-contoured IP Chargeability Inversion data for -168 metre level

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Figure 3 Colour-contoured IP Resistivity Inversion data for -168 metre level

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Technical Details

Induced Polarization surveys were carried out over an approximate 3 km by 8 km part of the project area in 2011 for TransAfrika Resources, a precursor to Desert Gold. The geophysical surveys consisted of a Time Domain, Pole-Dipole IP survey that was conducted with 6 x 100 metre dipoles. The results were modelled using the Geotomo Software inversion package. This work led to the delineation of 15 anomalies with color-contoured inversion data presented at the approximate 168-metre vertical level, well below the base of oxidation (see Figures 2 and 3).

The IP summary data presented in Figures 2 and 3 also show three critical, regional scale geological features, including the Senegal Mali Shear Zone in the lower left portion of the figures, a northeast-trending shear zone corridor and two, larger granodiorite intrusions in the upper right of the figures. Regionally, the Senegal Mali Shear Zone is associated with 6, >1 million-ounce gold deposits that are located within 5 kilometres to the east of the shear zone. The inferred location of the Senegal Mali Shear Zone is based on an abrupt change in resistivity across the projected structure. The granodiorite intrusion may have been emplaced in an area where the dominantly north-trending Senegal Mali Shear Zone, locally trends more northwesterly. The northeast-trending shear zone, which controls the location of the carbonate-hosted Barani East Zone and a few other gold zones, appears to offset the granodiorite intrusion, in a left lateral sense, by 500 to 1,000 metres.

A potential geological scenario, is early movement on the Senegal Mali Shear zone, emplacement of the granodiorite intrusions, which are in turn are both cut by the Northeast Shear Zone, which is in turn cut by the reactivated Senegal Mali Shear Zone and a series of related north- to northwest-trending splay structures. Second and third order shears appear to have developed as splays off of the Senegal Mali Shear Zone and are focussed along, and locally within, the granodiorite intrusion. Gold mineralization is hosted by siltstones, sandstones, carbonates, felsic intrusions and gabbroic intrusions, or essentially any rock types that are intersected by stronger shear structures. Alteration consists of typical carbonate sericite zones with disseminated to veinlet pyrite, quartz veining and local hematization and tourmalinization. Both iron-(hematization) and tourmaline-enrichment are associated with most of the large deposits in the region and thus are viewed as positive aspects in this overall target area.

IP chargeability anomaly highs appear to indicate increased in pyrite content as evidenced by increased pyrite content in the known gold zones, which are associated with chargeability highs. However, chargeability highs can also be related to other conductive materials, like graphite, which may or may not be related to gold mineralization. Resistivity highs in this area denote intrusive rocks or general rock type changes proximal to the Senegal Mali Shear Zone, and areas of abundant quartz veining. Resistivity lows can represent graphitic shear zones. While gold zones, related to the IP chargeability highs, would be the easiest to follow, gold zones can also occur on the flanks of the geophysical anomalies.

Table 1 - IP Anomaly Summary

IP Anomaly Chargeability Resistivity Strength Length (m) Comment
A (Target Area 58) high Low to flank strong 1,500 May be western contact of GD. Strongest at depth. Open to North.
B (Target Area 37) high Flank to high Mod to strong 2,100 Barani East Zone. Deviates from NE trend north toward GD. Northern portion not tested.
C (target Area 56) high Low to flank to high Weak to strong 3,200 Recently tested with 2 RC holes. May be two anoms. Northern half aligned along western GD contact
D (Target Area 57) high moderate medium 600 Parallel trend to Barani East Zone. Not tested.
E (correlates with Barani Zone) high moderate Medium to strong 4,000 Northern half correlates with Barani Zone. Southern half not tested
F (correlates with Barani Zone) moderate low moderate 850 Part of Barani Zone, open off grid to north. Good correlation with drill intercepts
G (Target Area 55) moderate Low to flank moderate 2,400 Not tested. Consider auger line
H moderate Flank to high moderate 260 Likely a shear in the GD. Intrusion-hosted-type target. Open to North.
I (correlates with Keniegoulou Zone) strong Wk to mod to flank moderate 2,500 Eastern flank of Keniegoulou Zone, partially tested. Patchy assoc Au. AC holes tested northern portion
J (Target Area 59) moderate Moderate to flank moderate 1,300 Not tested, open to South. Appears to cut GD. May be related to Target Area #3
K (Target Area 51) strong strong strong 1,600 Not tested. Seems to lie immediately to west of SMSZ
L (Target Area 48) moderate Moderate to flank moderate 2,300 Partially tested, weak auger correlation, Au to 4.88 g/t over 2 m. parallels target area #2. Could use a few holes to test.
M (Target Area 49) Moderate to strong moderate moderate 2,400 Not tested, may be strike continuation of K, but, N-trending vs NW, on west side of SMSZ?
N (Target Area 53) moderate moderate moderate 1,000 and 300 Not tested. May be southern strike extend of anomaly G, splay off SMSZ? Anomaly pair
O (Target Areas 1 and 52) moderate Weak to flank moderate 500 and 750 Not tested. Eastern anom correlates with at zone wt tour. Target area #1. West anom correlates with 380 ppb Au soil. May extend to south for another 1,400 m

 

Exploration Plan

These target areas will be evaluated in a sequential fashion. Wide-spaced auger lines will initially test for gold enrichment along the IP anomalies that are covered by laterite. If anomalous gold values are delineated over the anomalies, then more systematic auger drilling will be carried out to better define the gold anomalies prior to first pass testing by AC drilling. IP anomalies that have been validated by existing soil surveys and/or geological mapping, will be tested by AC if the rocks are weathered (saprolitic) and RC if the rocks are fresh.

Additional drilling is planned both to depth and along strike of known zones with a goal to delineate mineral resources. Recent work at the Barani and Keniegoulou Zones suggests a flat plunge, which would support continuing to test high grade zones, along strike, at or about the same vertical level. The Barani East Zone, which is controlled by a different structure, appears to plunge moderately to shallowly to the southwest, with new drilling targeting down plunge of the known lenses and along strike, with a goal to discover additional lenses.

The company, also plans to extend the IP geophysical surveys to the north, since many of the anomalies are open to the north and the favorable northwest orientation, of the Senegal Mali Shear, appear to persist for approximately an additional 2 km before appearing to trend northeast for approximately 4 km and after that, northerly.

This press release contains certain scientific and technical information. The Company is solely responsible for the contents and accuracy of any scientific and technical information related to it. Don Dudek, P.Geo a director of Desert Gold and a Qualified Person under National Instrument 43-101, has reviewed and approved the scientific and technical information contained in this press release.

[1] Mineralization hosted on adjacent and/or nearby properties is not necessarily representative of mineralization hosted on the Company's SMSZ Property.

About Desert Gold

Desert Gold Ventures Inc. is a gold exploration and development company that holds 3 gold exploration projects in Western Mali (SMSZ, Segala West and Djimbala) and its Rutare gold project in central Rwanda. The Company's current focus is its 391 km2 SMSZ Project that spans approximately 38 km of the prolific Senegal Mali Shear Zone.

On Behalf of the Board of Directors

"Sonny Janda"
____________________
Sonny Janda, Chairman

Contact:
Jared Scharf, President & CEO
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel. No.: +1 (858) 247-8195

For further information please visit our website www.desertgold.ca or information available on www.SEDAR.com under the company's profile.

Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the united states. The securities described herein have not been and will not be registered under the united states securities act of 1933, as amended, and may not be offered or sold in the united states or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such act.

Assay Results Expected in the Next Two to Four Weeks

Delta, British Columbia--(Newsfile Corp. - January 29, 2020) - Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTC Pink: DAUGF) ("Desert Gold" or "the Company") is pleased to announce the completion of a 74-hole drill program over the Company's SMSZ Project in Western Mali, near the border with Senegal.

The ~400 km2 SMSZ Project is both named after and overlies a 38 km section of the Senegal Mali Shear Zone (see Figure 1), which is related to 5 large mines located both to the north and south, along strike, including B2 Gold's Fekola Mine, Barrick's Gounkoto and Loulo Mines and AngloGold Ashanti/Iamgold's Sadiola and Yatela Mines1. To the Company's knowledge, the SMSZ Project is the largest contiguous, non-producer land package over this very prospective structural feature.

The drill hole program was completed in early January with 74 holes totalling 3,507 metres drilled. All holes targeted previously untested gold-in-auger anomalies, artisanal open pits, soil anomalies and IP geophysical anomalies. Two of the 74 holes, totalling 200 metres, were reverse circulation ("RC") holes with the remainder being air core ("AC") holes with targeted depths of 50 metres per hole. AC drilling is a cost-effective way to test targets in deeply weathered terrains and can be used in resource estimations if drilling is sampled in the same way as RC drilling. All samples have been in the laboratory for a couple of weeks with assay results starting to be received.

Ongoing exploration and data review has resulted in an increase in the number of target areas from 47 to 59 (see Figure 2) and in the adjustment to some of the planned target and work areas.

The recently completed program tested targets over target areas 16, 41, 45 and 56 (see Figure 2). All of the holes represent first pass testing of new targets. Follow-up drilling, at known previously drilled gold zones, material new discoveries and new targets, is expected to commence in Q1, 2020. A summary of the recently tested target areas follows:

  • Target area 16 - 1,200 by 500 metre, laterite covered gold-in-auger targets in an area where three gold zones are interpreted to intersect.
  • Target area 41 - previously untested 2,000 metre by 500 metre area of artisanal open pits to 150 metres long, numerous mine shafts and shallow workings that returned grab samples to 10.5 g/t gold
  • Target area 45 - new, 400 metre by 150 metre artisanal shaft mining area that may represent a bulk mining-type exploration target.
  • Target area 56 - new, 3,200 metre long IP chargeability anomaly with both coincident and flanking resistivity highs. Surface mapping noted abundant quartz veining and hematite-altered rocks.

Jared Scharf, Desert Gold's CEO, comments, "Ongoing exploration is increasing the number of target areas proximal to the Senegal Mali Shear Zone where it appears that the regional geological environment is right for the potential discovery of a large gold deposit. I look forward to publishing results from the recently completed drill program as soon as possible and continuing immediately thereafter with additional drilling over some of the most prospective targets on this regional scale gold project."

Technical Details

Target area 16 (see Figure 2), is a series of five, interpreted, gold-in auger anomalous trends, with values to 1,840 ppb gold, that lie over the intersection zone between the northeast-trending Barani East Zone and the north-northwest trending Barani and Keniegoulou gold Zones. One of these gold-in-auger anomalies is roughly 150 metres wide. This area was never adequately tested as it lies under laterite cover. There is good correlation with drilled mineralization and auger anomalies in this area with an intercept of 1.97 g/t gold over 7 metres (~90% true width) associated with an auger-in-soil anomaly of 1,020 ppb gold. A total of 50 AC holes totalling 2,211 metres, were drilled to test the gold-in-auger anomalies.

Target area 41 (see Figure 2), Soa Prospect area, represents a large, approximately 2,000 metre by 500 metre, area of shallow to deep artisanal mine workings varying from open pits up to 150 metres long to lines of 10 to 20 metre deep shafts aligned along specific structures, to widespread shallow pits designed to collect gold in alluvium and shallow laterite cover. The pits and shaft zones vary from northerly to northwest trending with a northeast-trending structural corridor that connects back to the Barani East Zone. Twenty AC holes totalling 1,000 metres are planned to test some of the more obvious targets that have never been drilled before. Grab samples from the area, returned up to 10.5 g/t gold. One trench returned an interval of 0.89 g/t gold over 28 metres. This trench appears to have been excavated near the intersection of northerly- and northwest-trending structures; true width is unknown. A total of 18 holes totalling 896 metres tested 6 of >12 target areas.

Target area 45, is a new, 400 metre by 150 metre, area of 2 to 15 metre deep shafts discovered by mapping. The shafts sometimes appear to follow north to north-northeast-trending features and are quite widespread, suggesting potential for a bulk tonnage target. Saprolite derived from the mineshafts, suggests the presence of oxidized sulphides. Soil anomalies in the area are modest in strength. This target was initially tested by four AC holes totalling 200 metres.

Target area 56, shows up as a coincident, 3,200-metre long, chargeability high and resistivity flank to high-induced polarization (IP) anomaly. This anomaly lies along the western side of a granodiorite intrusion, located immediately north of the Barani East Deposit, with the anomaly trend potentially cutting the southwest extension of the Barani East host shear zone. Two 100 m long RC holes were drilled to test a portion of the anomaly lying near the southwest corner of the granodiorite intrusion. Surface mapping noted abundant quartz veining and hematitic sedimentary rocks.

Mapping by two dedicated teams has been ongoing for more than two months, with an initial focus on the recent drill target areas and target areas extending outward from the Barani East Deposit. The Barani East Zone is a gold-bearing, carbonate-hosted, sulphide replacement zone that has returned intercepts to 7.82 g/t gold over 13 metres*. A recent review of drill core, displays widespread silicification, secondary calc-silicate alteration and widespread gold enrichment associated with disseminated sulphides and occasional sulphide-rich stringers. Additional drill testing of this prospect is planned in 1H, 2020. As well, the core and chips from this zone will be re-logged with a goal to develop a 3D alteration model and mineralization vector.

In early 2020, exploration activities, including roughly 20,000 metres of combined RC and diamond drilling, soil sampling and geophysical surveys, on the remaining 55 target areas is expected to commence. Ongoing data review, including IP geophysical data has resulted in the addition of 12 new target areas located proximal to the Senegal Mali Shear Zone, with ten of the target areas located to the east of the shear zone. This IP data exhibits a strong positive correlation with existing mineralization resulting in high expectations for additional discoveries. Additional details reading these new target areas will be presented in a subsequent news release.

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Figure 1. Property Scale Compilation Map*

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https://orders.newsfilecorp.com/files/4954/51915_17db5954041ed9c9_002full.jpg

*All gold grades over width, with the exception of the Soa prospect, represent drill holes with the true widths, for most holes, ranging from 70 to 95%. **The Soa Prospect result is from a trench with true widths unknown. Estimated true widths for the Berola Prospect are unknown. True widths at the Gourbassi Zones range are estimated to range from 60% to 90%.

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Figure 2. Target Summary Location Map

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This press release contains certain scientific and technical information. The Company is solely responsible for the contents and accuracy of any scientific and technical information related to it. Don Dudek, P.Geo a director of Desert Gold and a Qualified Person under National Instrument 43-101, has reviewed and approved the scientific and technical information contained in this press release.

About Desert Gold

Desert Gold Ventures Inc. is a gold exploration and development company that holds 3 gold exploration projects in Western Mali (SMSZ, Segala West and Djimbala) and its Rutare gold project in central Rwanda. The Company's current focus is its 391 km2 SMSZ Project that spans approximately 38 km of the prolific Senegal Mali Shear Zone.

On Behalf of the Board of Directors

"Sonny Janda"

____________________
Sonny Janda
Chairman

Contact:

Jared Scharf, President & CEO
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel. No.: +1 (858) 247-8195

For further information please visit our website www.desertgold.ca or information available on www.SEDAR.com under the company's profile.

Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the united states. The securities described herein have not been and will not be registered under the united states securities act of 1933, as amended, and may not be offered or sold in the united states or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such act.

Delta, British Columbia--(Newsfile Corp. - November 12, 2019) - Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTC Pink: DAUGF) ("Desert Gold" or "the Company") is pleased to announce the commencement of its exploration program over the Company's SMSZ Project in Western Mali, near the border with Senegal. The 407 km2 SMSZ Project is both named after, and, overlies a 38 km section of the Senegal Mali Shear Zone (see Figure 1), which is related to 5 large mines located both to the north and south, along strike, including B2 Gold's Fekola Mine, Barrick's Gounkoto and Loulo Mines and AngloGold Ashanti/Iamgold's Sadiola and Yatela Mines1. To the Company's knowledge, the SMSZ Project is the largest, contiguous, non-producer land package over this very prospective structural feature (see Figure 1).

Initial work, supported by two, newly hired, dedicated mapping teams, will consist of mapping and prospecting along a northeast-trending structural corridor. This corridor hosts several gold zones, numerous high value gold-in-soil anomalies, and extends approximately 9 km from the Barani East Zone to the recently acquired Soa Prospect (see Figure 2). The Barani East Zone is a gold-bearing, carbonate-hosted, sulphide replacement zone that has returned intercepts to 7.82 g/t gold over 13 metres*. Additional drill testing of this prospect is planned in 1H, 2020. The Soa Prospect (target area 16), which returned trench results of 0.89 g/t gold over 28 metres**, has not been drilled. Between these two areas, three, large artisanal mining areas, have been observed, with one hosting two, 100 metre-long, 15-25 metres wide and 5-10 metres deep, open pits (target area 42). Mapping and prospecting is expected to generate additional targets.

In early December, air core drilling of approximately 70 holes is scheduled to start over target areas 16, 41 and 42. Area 16 is the untested Soa Prospect that hosts a considerable amount of artisanal mining activity and returned strong trench results. Target area 41 lies in a shallow-laterite-covered area where three gold zones appear to intersect and where recent auger drilling returned anomalous gold values over a 150-metre wide zone and numerous other gold-in-auger anomalies to 1,840 ppb gold. Target area 42, lies proximal to two, 100-metre long, artisanal mining open pits. If circumstances permit, additional air core drilling will be carried out before year-end.

In early 2020, exploration activities, including drilling, soil sampling and geophysical surveys, on the remaining 39 target areas are expected to commence. A final site review of these target areas is being carried out this week with a goal to finalize the 2020 program details before month end.

Jared Scharf, Desert Gold's CEO comments "With the rainy season now behind us, we are eager to begin work at our SMSZ project. Last year our primary focus was on making strategic acquisitions. With the acquisition of Ashanti Gold and the successful completion of the MMC, Altus and SUD Mining property deals, our SMSZ project has expanded in size nearly fourfold over the last 12 months. This year our focus will be on utilizing a full work season to do as much development on this ground as possible. We look forward to a safe and rewarding work season."

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4954/49620_16f8cf7524a09bf8_002.jpg

Figure 1. Property Scale Compilation Map*

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4954/49620_16f8cf7524a09bf8_002full.jpg

*All gold grades over width, with the exception of the Soa prospect, represent drill holes with the true widths, for most holes, ranging from 70 to 95%. **The Soa Prospect result is from a trench with true widths unknown. Estimated true widths for the Berola Prospect are unknown. True widths at the Gourbassi Zones range are estimated to range from 60% to 90%.

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Figure 2. Target Summary Location Map

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/4954/49620_16f8cf7524a09bf8_003full.jpg

This press release contains certain scientific and technical information. The Company is solely responsible for the contents and accuracy of any scientific and technical information related to it. Don Dudek, P.Geo a director of Desert Gold and a Qualified Person under National Instrument 43-101, has reviewed and approved the scientific and technical information contained in this press release.

____________________

1 Mineralization hosted on adjacent and/or nearby properties is not necessarily representative of mineralization hosted on the Company's SMSZ Property.

About Desert Gold

Desert Gold Ventures Inc. is a gold exploration and development company that holds 3 gold exploration projects in Western Mali (SMSZ, Segala West and Djimbala) and its Rutare gold project in central Rwanda.

On Behalf of the Board of Directors

"Sonny Janda"
____________________
Sonny Janda
Chairman

Contact:

Jared Scharf, President & CEO
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel. No.: +1 (858) 247-8195

For further information please visit our website www.desertgold.ca or information available on www.SEDAR.com under the company's profile.

Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the united states. The securities described herein have not been and will not be registered under the united states securities act of 1933, as amended, and may not be offered or sold in the united states or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such act.

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Delta, British Columbia, October 24, 2019. Desert Gold Ventures Inc.  (TSXV: DAU) (FSE: QXR2) (OTC Pink: DAUGF) ("Desert Gold" or "the Company") is pleased to present its project development plans for the Q4, 2019 to Q3, 2020 exploration season for its Senegal Mali Shear Zone Project (the "SMSZ Project").

During that past few months, Desert Gold has been reviewing, interpreting and modelling recent and historic results over its much-expanded SMSZ Project. The 407 km2 SMSZ Project is both named after, and, overlies a 38 km section of the Senegal Mali Shear Zone (see Figure 1), which is related to 5 large mines located both to the north and south, along strike, including B2 Gold's Fekola Mine, Barrick's Gounkoto and Loulo Mines and AngloGold Ashanti/Iamgold's Sadiola and Yatela Mines1. To the Company's knowledge, the SMSZ Project is the largest, contiguous, non-producer land package over this very prospective structural feature.

In summary, Desert Gold's upcoming USD $3 million project development program consists of the following activities:

- 15,000 m+ of air core, reverse circulation and diamond drilling

  • Goal - add to existing zones, outline additional mineral resources and hunt for gold- mineralized zones under shallow cover. Includes sufficient budget flexibility to react to results.

- 10,000 metres of auger drilling

  • Goal - test laterite-covered areas for new mineralized zones under shallow cover.

- 26 line-km of induced polarization geophysical surveys

  • Goal - develop drill targets to test extent of gold-bearing sulphides in felsic intrusions and sandstones in two areas.

- Collection of 5,060 soil samples

  • Goal - first pass coverage over areas suspected to host gold mineralization.

- Six months of mapping by 2 dedicated field crews

  • Goal - develop a strong, property-wide geological foundation for future work and to aid the interpretation of the gold-bearing zones.

- Develop a NI43-101 resource estimate, in Q3, 2020, if warranted

  • Goal - present a compiled summary of property package with a material mineral resource.

Jared Scharf, Desert Gold's CEO comments "the planned project development program will be the largest that Desert Gold has ever completed on what management believes is our strongest property portfolio to date. We look forward to good news flow over the next 10 to 12 months as we execute the program and present the results."

1Mineralization hosted onadjacent and/or nearby properties is not necessarily representative of mineralization hosted on the Company’s SMSZ Property.

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Figure 1. Property Scale Compilation Map*

 

*All gold grades over width, with the exception of the Soa prospect, represent drill holes with the true widths, for most holes, ranging from 70 to 95%. The Soa Prospect result is from a trench with true widths unknown. Estimated true widths for the Berola Prospect are unknown. True widths at the Gourbassi Zones range are estimated to range from 30% to 90%.

Project Development Plan Details

Based on recent and historic work, a total of 39 target areas have been defined (see Figure 2). Larger, rectangular, highlighted areas represent soil and geophysical target areas, whereas elongate and ovoid target areas outline where a combination of auger, air core (AC), reverse circulation (RC) and diamond drilling, will be carried out.

Drilling priorities include RC and diamond drill testing of the updated mineralization models at the Gourbassi West, Gourbassi East and Barani East deposits with a goal to both validate the updated models and further build/increase the current mineral resources. Each of these zones have returned, what management believes are, significant, ore-grade, gold-bearing intercepts (See Figure 1) that should support a mineral resource estimate or should lead to increased current mineral resources. RC holes will also follow-up on additional targets associated with the Berola and Barani East Zones. Air core holes, which represent 2/3rds of the planned drilling, will target prioritized auger and soil targets. It is likely that auger surveys and mapping will develop additional AC targets.

Auger drilling will be carried out over laterite-covered areas that are suspected to, or may overlie, gold bearing zones. Most of the auger lines are first pass surveys over areas that require little to no site preparation. Planned auger holes comprise approximately 80% of the budgeted 10,000 metre drill program. Upon reception of positive results, additional lines will be completed during the exploration program.

Induced polarization geophysical surveys are planned over the Frikidi and Linguekoto areas. Recent drilling over both areas returned significant multiple, but relatively narrow, gold-bearing drill intercepts in pyrite-bearing sandstones and felsic intrusion, respectively. The goal of the geophysical program will be to define a larger scale target that could lead to the discovery of wider zones of gold mineralization or areas where the known gold zones may coalesce into a larger scale feature. Anomalies defined by this program will likely be tested during the current program.

Soil sampling is planned in two areas, one north, along strike of the Gourbassi West Zone and the other filling in a soil survey gap to the north of the Gourbassi East Zone. This work is expected to start in early 2020. Targets defined during this survey may be tested during the current exploration program.

A property wide mapping and prospecting program is scheduled to start as soon as the exploration camp is opened in early November. The goal of this program will be to develop a property scale geological map, which will aid in the delineation of drill targets, provide up to date guidance of artisanal mining activities, stand on and evaluate every anomalous soil sample, and outline those areas that would require auger testing. A NI43-101 property and mineral resource estimate report may be prepared if deemed prudent and timely. This report, however, may be delayed if it makes sense to complete additional drilling first. The proposed timing for this technical report would be in late Q3, 2020, after reception and interpretation of all drill results.

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Figure 2. Target Summary Location Map

 

This press release contains certain scientific and technical information. The Company is solely responsible for the contents and accuracy of any scientific and technical information related to it. Don Dudek, P.Geo a director of Desert Gold and a Qualified Person under National Instrument 43-101, has reviewed and approved the scientific and technical information contained in this press release.

About Desert Gold

Desert Gold Ventures Inc. is a gold exploration and development company that holds 3 gold exploration projects in Western Mali (SMSZ, Segala West and Djimbala) and its Rutare gold project in central Rwanda. The Company's current focus is its 407 km2 SMSZ Project that spans approximately 38 km of the prolific Senegal Mali Shear Zone.

On Behalf of the Board of Directors

"Sonny Janda"
____________________

Sonny Janda
Chairman

Contact:

Jared Scharf, President & CEO
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel. No.: +1 (858) 247-8195

For further information please visit our website www.desertgold.ca or information available on www.SEDAR.com under the company's profile.

Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the united states. The securities described herein have not been and will not be registered under the united states securities act of 1933, as amended, and may not be offered or sold in the united states or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such act.