DAU.V · 2017-01-19 12:00:00

Desert GOLD Extends Closing of Non-Brokered Financing

Financings

For Immediate Release

TSX.V: DAU

Frankfurt: QXR2

OTC: DAUGF

DESERT GOLD EXTENDS

CLOSING OF NON-BROKERED FINANCING

Surrey, British Columbia, January 19, 2017, DESERT GOLD VENTURES INC. (“Desert Gold” or

the “Company”) (TSX.V: DAU/FF:QXR2/OTC:DAUGF) announces that it has received consent from

the Toronto Venture Stock Exchange (“TSXV”) to ex tend closing of its non-brokered private placement

(the "Financing") to February 25, 2017. The financing consists of up to 4,000,000 units at a price of

CAD$0.25 per unit (the “Unit”) to raise up to an aggregate CAD$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 shall entitle the hol der to purchase one additional common share of the

Company at a price of CAD$0.30 per share for a period of five (5) years from the closing of this

Financing. Warrants will be subject to a thirty (30) day acceleration upon announcement by the Company

that its shares have traded on a weighted averag e of $1.00 per common share, or more, for ten (10)

consecutive trading days.

The proceeds of the Financing will be used to deve lop the Company’s gold exploration assets in Western

Mali and Northern Rwanda. Securities issued as a result of the Financing will be subject to a statutory

hold period. The Financing is subject to TSXV approval.

ON BEHALF OF THE BOARD

“Jared Scharf”

___________________________

Jared Scharf Director

(858) 247-8195

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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