Desert GOLD Announces Non-Brokered Private Placement

For Immediate Release

TSX.V: DAU

Frankfurt: QXR2

OTC: DAUGF

DESERT GOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Delta, British Columbia, January 8, 2018. Desert Gold Ventures Inc. (“Desert Gold” or “the Company”)

(TSX.V: DAU, FF: QXR2, OTC: DAUGF) announces that it will conduct a non-brokered private placement of up to

4,000,000 units at a price of CDN $0.25 per unit (the “Unit”) to raise up to an aggregate C DN $1,000,000 (the

“Financing”).

Each Unit will consist of one common share in the equity of the Company and one share purchase warrant (the

“Warrant”). Each Warrant entitles the holder to purchase one additional common share of the Company at a price of

CDN $0.30 per share for a period of two (2) years from the closing of the Financing. Warrants will be subject to a

thirty (30) day acceleration clause upon announcement by the Company that its shares have traded on a volume

weighted average basis of CDN $0.60 per common share, or more, for at least ten (10) consecutive trading days.

The proceeds of the Financing will be used for drilling and other exploration activities at the Company’s projects in

Western Mali. There may be a finder’s fee payable for the Financing. Securities issued as a result of the Financing

will be subject to a statutory hold period. The Financing is subject to Toronto Venture Stock Exchange approval.

ON BEHALF OF THE BOARD

“Jared Scharf”

___________________________

Jared Scharf

President & Director

+1 (858) 247-8195

For further information please visit www.SEDAR.com under the company’s profile.

This news release contains forward -looking statements respecting the Company's ability to successfully complete the Offering. These forward -

looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-

looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may

differ materially from those contained in such statements, including the inab ility of the Company to successfully complete the Offering. These

uncertainties and risks include, but are not limited to, the strength of the capital markets, the price of gold; operational, funding, and liquidity

risks; the degree to which mineral resour ce estimates are reflective of actual mineral resources; and the degree to which factors which would

make a mineral deposit commercially viable are present; the risks and hazards associated with mining operations. Risks and un certainties about

the Company's business are more fully discussed in the company's disclosure materials filed with the securities regulatory authorities in Canada

and available at www.sedar.com and readers are urged to read these materials. The Com pany assumes no obligation to update any forward -

looking statement or to update the reasons why actual results could differ from such statements unless required by 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 . This news release does not constitute an offer to sell or a solicitation of an

offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under

the united states securities act of 1933, as amended, and may not be offered or sold in the united states or to the account or benefit of a U.S.

person absent an exemption from the registration requirements of such act.