Mr. Robert Rohlfing reports

DESERT MOUNTAIN ENERGY ANNOUNCES THAT IT HAS CLOSED ON THE THIRD TRANCHE OF ITS PRIVATE PLACEMENT

Desert Mountain Energy Corp. has closed on the third tranche of its non-brokered private placement offering, originally announced on Feb. 4, 2025. The company has raised an additional $215,000 through the issuance of 860,000 units at a price of 25 cents per unit. The company has now raised a total of $971,500 through the issuance of 3,886,000 units. The balance of the private placement will remain open until May 16, 2025.

Each unit consists of one common share of the company and one share purchase warrant, with each whole warrant allowing the subscriber to purchase one additional share of the company for a period of one year ending May 2, 2026, at a price of 35 cents per share. The expiry of the warrants may be accelerated at the election of the company by written notice if the closing price for the common shares on the TSX Venture Exchange shall be equal to or greater than 75 cents per share for a minimum of 10 consecutive trading days. Finders' fees on the second tranche consisted of 68,800 finders' warrants (but with no forced conversion) and $17,200 cash. The units will be subject to a four-month-plus-one-day hold period expiring Sept. 3, 2025.

About Desert Mountain Energy Corp.

Desert Mountain Energy is a publicly traded resource company primarily focused on the exploration, development and production of helium, hydrogen, natural gas and condensate. The company is focused on helium extraction from different raw gas sources in an environmental and economic manner, supplying elements deemed critical to the renewable energy and high-technology industries.

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