DAU.V · 2017-01-30 12:00:00

Desert GOLD Announces Results of Extraordinary Meeting and Option Grant

Share Capital & Compensation

For Immediate Release

TSX.V: DAU

Frankfurt: QXR2

OTC: DAUGF

DESERT GOLD ANNOUNCES RESULTS OF EXTRAORDINARY MEETING

AND OPTION GRANT

Surrey, British Columbia, January 30, 2017, DESERT GOLD VENTURES INC. (“Desert Gold” or

the “Company”) (TSX.V: DAU/FF: QXR2/OTC: DAU GF) announces that it held its extraordinary

meeting on January 5, 2017 (the "Meeting"). At th e Meeting shareholders approved the termination of

the Company's 2012 Fixed Option Plan and the implemen tation of a 10% rolling Option Plan in its place,

which is subject to approval by the Toronto Venture Stock Exchange.

Shareholders also approved a grant of 258,880 excess st ock options to directors and officers, exercisable

at $0.30 until October 24, 2018 which were granted under the Company's said terminated fixed option

plan in late 2016. The Company has granted a further aggregate of 260,509 stock options to its directors

and officers pursuant to its new 10% rolling Option Plan , exercisable at $0.30 for a period of five (5)

years from today.

The Company is pleased to announce that Mr. Scharf, currently a director of the board, will now assume

the position of President of the Company effective immediately.

ON BEHALF OF THE BOARD

s/ "Jared Scharf"

Jared Scharf, Director

+1 (604) 245 6802

For further information please visit our website www.desertgold.ca or information available on

www.SEDAR.com under the company’s profile.

Certain statements contained in this release may constitute "for ward–looking statements" or "for ward-looking information" (coll ectively

"forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These

statements relate to future events or futu re performance. The use of any of the wo rds “could”, “intend”, “expect”, “believe”, “ will”,

“projected”, “estimated”, “anticipates” and similar expressions a nd statements relating to matters that are not historical fact s are intended to

identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future

events. Actual future results may differ ma terially. In particular, this release cont ains forward-looking information relating to the business of the

Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is ma de as of the

date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future

events or otherwise, except as required by applicable securities laws. Because of the risks, un certainties and assumptions cont ained herein,

investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forwar d-looking

information contained herein.

Neither the TSX Venture Exchange nor its regulation services provi der (as that term is defined in the policies of the TSX Ventu re Exchange)

accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solic itation 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 benef it of a U.S. person absent an exemption from the registration re quirements of such

act.

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