Mr. Robert Rohlfing reports

DESERT MOUNTAIN ENERGY CLOSES $3,000,000 OFFERING

Desert Mountain Energy Corp. has closed a brokered private placement of 6,976,744 units of the company at a price of 43 cents each, for aggregate gross proceeds of $3-million. The offering was conducted on a best efforts basis by Haywood Securities Inc., acting as lead agent and sole bookrunner for the offering.

Each unit consisted of one common share in the capital of the company and one common share purchase warrant of the company. Each warrant entitles the holder thereof to acquire one common share in the capital of the company, at a price per warrant share equal to 70 cents, at any time up to April 9, 2029.

The private placement financing was offered under the listed issuer financing exemption (LIFE) in Part 5A of National Instrument 45-106, Prospectus Exemptions, and has no hold period. The company intends to use the net proceeds from the sale of units to recomplete the gathering pipeline system from the wells in the south of the property to the processing facility and for working capital and general corporate purposes.

In consideration for their services, the company paid the agent a cash commission of $180,000 and issued 418,604 non-transferable options. Each compensation option entitles the holder to purchase one unit at the offering price, and such units will also comprise one share and one warrant (with the same exercise price and term as the warrants purchased under the offering), but all securities issuable pursuant to the exercise of the compensation options shall be subject to a four-month hold expiring on Aug. 10, 2029.

In addition, the company paid the agent a corporate finance fee consisting of $90,000 cash and 209,302 units, such units having identical terms and conditions to the units sold under the offering, and also in reliance of the LIFE.

About Desert Mountain Energy Corp.

Desert Mountain is a publicly traded resource company primarily focused on the exploration, development and production of helium, hydrogen and natural gas. 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.

We seek Safe Harbor.