DAU.V · 2020-06-01 12:00:00

Desert Gold Announces the Postponement of Filing Interim Financial Statements and MD&A due to COVID-19 related delays. Reschedules for July 14, 2020

Financials

For Immediate Release

TSX.V: DAU

Frankfurt: QXR2

OTC: DAUGF

Desert Gold Announces the Postponement of Filing Interim Financial

Statements and MD&A due to COVID-19 related delays. Reschedules for July

14, 2020

Delta, British Columbia, June 1, 2020. Desert Gold Ventures Inc. (the “Company”) (TSX.V: DAU, FF: QXR2, OTC:

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

management's discussion & analysis (“MD&A”) for the period ended March 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 31, 2020 to July 15, 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 July 14, 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 a vailable 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 laws. 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 historical facts are intended to identify forward-

looking information and are based on the Company’s current belief or ass umptions as to the outcome and timing of such future events. Actual

future results may differ materially. In particular, this release contains forward -looking information relating to the business of the Company, the

Property, financing and certain corporat e 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 contained herein, investors should

not place 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.