Mr. Jared Scharf reports

DESERT GOLD CLOSES FULLY SUBSCRIBED LIFE OFFERING FOR GROSS PROCEEDS OF C$7,181,800

Desert Gold Ventures Inc. has closed its previously announced non-brokered private placement of units, whereby it issued 89,772,500 units at a price of eight cents per unit for aggregate gross proceeds of $7,181,800 pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 (Prospectus Exemptions).

Under the offering, each unit consisted of one common share of the company and one-half of one common share purchase warrant. Each whole warrant shall entitle the holder thereof to purchase one additional common share at a price of 12 cents at any time on or before the date which is 24 months following the date of issuance.

The company intends to use the net proceeds from the offering to commission the first phase of its gravity plant at the company's fully permitted Barani East gold oxide project in western Mali, for resource expansion and exploration drilling at its SMSZ project in western Mali and Tiegba gold project in Ivory Coast, and for general working capital purposes, all as more specifically described in the offering document.

Closing of the offering was conditionally approved by the TSX Venture Exchange, and the securities issued under the offering will not be subject to a four-month-and-one-day statutory hold period. In connection with the offering, the company paid an aggregate of $265,986 in finders' fees and issued, in aggregate, 3,324,825 non-transferable finders' warrants, entitling the holder thereof to purchase one common share at a price of eight cents at any time on or before the date which is 24 months following the date of issuance. Canaccord Genuity Corp., Haywood Securities Inc., Research Capital Corp., Red Cloud Securities Inc. and Fonds Lounge acted as finders in connection with the offering.

About Desert Gold Ventures Inc.

Desert Gold is a gold exploration and development company which controls properties in both Mali and Ivory Coast. This includes the 440-square-kilometre SMSZ project in western Mali, as well as the newly optioned 297-square-kilometre Tiegba gold project in western Ivory Coast within the prolific Birimian greenstone belt.

We seek Safe Harbor.