Mr. Roeland van Kerckhoven reports

DESERT GOLD VENTURES INC. AMENDS TERMS OF $500,000 PRIVATE PLACEMENT

Desert Gold Ventures Inc. has amended the terms of the previously announced private placement. The company now intends to complete a non-brokered private placement of units of the company at a price of five cents per unit to raise gross proceeds of $500,000. The units will consist of one common share of the company and one common share purchase warrant. Each warrant will be exercisable into one common share for a period of five years from closing at five cents per warrant share, provided that, if, at any time following the date of issuance, the closing price of the common shares on the TSX Venture Exchange is greater than 50 cents for 30 consecutive trading days, the company may give notice to the holders of the warrants that the expiry time of the warrants has been accelerated, and the warrants will expire on the 20th business day following the date of such notice. Holders of warrants are restricted from exercising warrants without the approval of the TSX-V if, as a result of exercise, the holder would hold more than 20 per cent of the issued common shares of the company.

Closing of the offering is anticipated to occur on or about Dec. 5, 2014. The securities to be issued will carry a four-month hold period under Canadian securities laws from the date of issuance. The issuance of the units and listing of the common shares and the warrant shares pursuant to the offering is subject to the TSX-V approval. Proceeds from the offering will be used for general working capital purposes.

We seek Safe Harbor.