DAU.V · 2020-04-28 12:00:00

Desert Gold Announces the Postponement of Filing Annual Financial Statements and MD&A due to COVID-19 related delays. Reschedules for June 12, 2020

Financials

For Immediate Release

TSX.V: DAU

Frankfurt: QXR2

OTC: DAUGF

Desert Gold Announces the Postponement of Filing Annual Financial Statements

and MD&A due to COVID-19 related delays. Reschedules for June 12, 2020

Delta, British Columbia, April 28, 2020. Desert Gold Ventures Inc. (the “Company”) (TSX.V: DAU, FF: QXR2,

OTC: DAUGF) announces the postponement of filing its annual financial statements (“Financial Statements”) and its

annual management's discussion & analysis (“MD&A”) for the year ended December 31, 2019 due to logistics and delays

caused by the COVID-19. The Company is relying on the British Columbia Securities Commission (the “Commission”)

blanket order BCI 51-515 (the “Blanket Order”) for temporary exemption from certain corporate finance requirements.

Recent events pertaining to COVID-19 has impacted the Company and its employees and its auditors’ ability to rely on

timely information and to prepare its Financial Statements and MD&A. According to the Blanket Order, during the period

from March 23, 2020 to June 1, 2020 a person or company required to make certain filings as described in the Blanket

Order has an additional 45 days from the deadline otherwise applicable under British Columbia securities laws to make the

filing according to certain disclosure obligations by the Company. Pursuant to the Blanket Order, the Company is relying on

the relief therein for its Financial Statements required by section 4.2 of National Instrument 51-102 and its MD&A required

by subsection 5.1(2) of National Instrument 51-102.

Until the Company has filed and announced the required Financial Statements and MD&A, all management and

other insiders are subject to the Company’s share trading and black-out policy that reflects the principles in section 9

of National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.

The Company estimates that the required disclosure required by British Columbia securities laws will be filed no

later than June 12 , 2020. There have been no unreported material business developments since the date of the last

interim financial statements were filed on November 29, 2019

ON BEHALF OF THE BOARD

“Jared Scharf”

Chief Executive Officer

+1 (604) 357 4726

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 "forward –looking statements" or "forward -looking information" (collectively

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

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

“projected”, “estimated”, “anticipates” and similar expressions and statements relating to matters that are not histo rical facts 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 materially. In particular, this release conta ins 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 made 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, uncertainties and assumptions co ntained herein,

investors should not p lace undue reliance on forward -looking information. The foregoing statements expressly qualify any forward -looking

information contained herein.

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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