22:57:52 EDT Thu 30 Apr 2026
Enter Symbol
or Name
USA
CA



Desert Mountain Energy Corp
Symbol DME
Shares Issued 103,409,195
Close 2026-04-30 C$ 0.40
Market Cap C$ 41,363,678
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Desert Mountain Energy clarifies financing terms

2026-04-30 16:50 ET - News Release

Subject: Desert Mountain Energy news release PDF Document

File: Attachment Desert Mountain Energy (DME) news release.pdf

TSX.V: DME U.S. OTC: DMEHF

Frankfurt: QM01

DESERT MOUNTAIN ENERGY CLARIFIES PRIVATE PLACEMENT TERMS

Vancouver, Canada, April 30, 2026 -- DESERT MOUNTAIN ENERGY CORP. ("DME" or the "Company") (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) wishes to clarify certain terms of its brokered private placement (the "Offering") of 6,976,744 units ("Units") which closed on April 9, 2026. Details of the private placement can be found in the Company's news release dated April 9, 2026.

The compensation received by Haywood Securities Inc. (the "Agent"), lead agent and sole bookrunner for the Offering, was comprised of the following:

(a) a cash commission of 6% of the gross proceeds from the sale of the Units placed by the Agent;

(b) 418,605 compensation options ("Compensation Options"), with each such Compensation Option entitling the holder thereof to acquire one Compensation Option Unit for $0.43, such Compensation Option Unit having the same terms and conditions as the Units sold under the Offering except for the reliance on the LIFE Exemption; and

(c) a corporate finance fee (the "Corporate Finance Fee") consisting of $90,000 in cash, and 209,302 in units (the "Corporate Finance Units) which were issued pursuant to the LIFE Exemption, with each Corporate Finance Unit consisting of (i) one common share, and (ii) one common share purchase warrant which entitles the holder thereof to purchase one common share at $0.70 at any time, up to and including April 9, 2029.

Both the Compensation Option and the warrants underlying Corporate Finance Units are non- transferable.

ABOUT DESERT MOUNTAIN ENERGY

Desert Mountain Energy Corp. 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.

"Robert Rohlfing" Robert Rohlfing Exec Chairman & CEO

Desert Mountain Energy Corp. 2500 Park Place 666 Burrard Street

Vancouver, BC V6C 2X8 Canada For more information, contact: Don Mosher, President & Director Tel: (604) 617-5448 E-mail: Don@desertmountainenergy.com

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations. Such forward looking statements and information herein include but are not limited to the Offering, the anticipated closing date of the Offering, the intended use of proceeds, approval of the Offering from the TSX Venture Exchange, the filing of the Offering Document. statements regarding the Company's anticipated performance in the future the planned exploration activities, receipt of positive results from drilling, the completion of further drilling and exploration work, and the timing and results of various activities.

Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, changes in national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and the United States; financial risks due to helium prices, operating or technical difficulties in exploration and development activities; risks and hazards and the speculative nature of resource exploration and related development; risks in obtaining necessary licenses and permits, and challenges to the Company's title to properties.

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the continued operation of the Company's exploration operations, no material adverse change in the market price of commodities, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not intend to, and nor does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.

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.

Desert Mountain Energy Corp. 2500 Park Place 666 Burrard Street

Vancouver, BC V6C 2X8 Canada

Word Document

File: '\\swfile\EmailIn\20260430 133103 Attachment Desert Mountain Energy (DME) news release.docx'

Desert Mountain Energy Corp.

2500 Park Place

666 Burrard Street

Vancouver, BC V6C 2X8 Canada

TSX.V: DME

U.S. OTC: DMEHF Frankfurt: QM01

DESERT MOUNTAIN ENERGY CLARIFIES

PRIVATE PLACEMENT TERMS

Vancouver, Canada, April 30, 2026 - DESERT MOUNTAIN ENERGY CORP. ("DME" or the "Company") (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) wishes to clarify certain terms of its brokered private placement (the "Offering") of 6,976,744 units ("Units") which closed on April 9, 2026. Details of the private placement can be found in the Company's news release dated April 9, 2026.

The compensation received by Haywood Securities Inc. (the "Agent"), lead agent and sole bookrunner for the Offering, was comprised of the following:

a cash commission of 6% of the gross proceeds from the sale of the Units placed by the Agent;

418,605 compensation options ("Compensation Options"), with each such Compensation Option entitling the holder thereof to acquire one Compensation Option Unit for $0.43, such Compensation Option Unit having the same terms and conditions as the Units sold under the Offering except for the reliance on the LIFE Exemption; and

a corporate finance fee (the "Corporate Finance Fee") consisting of $90,000 in cash, and 209,302 in units (the "Corporate Finance Units) which were issued pursuant to the LIFE Exemption, with each Corporate Finance Unit consisting of (i) one common share, and (ii) one common share purchase warrant which entitles the holder thereof to purchase one common share at $0.70 at any time, up to and including April 9, 2029.

Both the Compensation Option and the warrants underlying Corporate Finance Units are non-transferable.

ABOUT DESERT MOUNTAIN ENERGY

Desert Mountain Energy Corp. 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.

"Robert Rohlfing"

Robert Rohlfing

Exec Chairman & CEO

For more information, contact:

Don Mosher, President & Director

Tel: (604) 617-5448

E-mail: Don@desertmountainenergy.com

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations. Such forward looking statements and information herein include but are not limited to the Offering, the anticipated closing date of the Offering, the intended use of proceeds, approval of the Offering from the TSX Venture Exchange, the filing of the Offering Document. statements regarding the Company's anticipated performance in the future the planned exploration activities, receipt of positive results from drilling, the completion of further drilling and exploration work, and the timing and results of various activities.

Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, changes in national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and the United States; financial risks due to helium prices, operating or technical difficulties in exploration and development activities; risks and hazards and the speculative nature of resource exploration and related development; risks in obtaining necessary licenses and permits, and challenges to the Company's title to properties.

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the continued operation of the Company's exploration operations, no material adverse change in the market price of commodities, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not intend to, and nor does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.

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.

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