Desert GOLD Extends Non-Brokered Private Placement
For Immediate Release
TSX.V: DAU
Frankfurt: QXR2
OTC: DAUGF
DESERT GOLD EXTENDS NON-BROKERED PRIVATE PLACEMENT
Delta, British Columbia, March 19, 2018. Desert Gold Ventures Inc. (“Desert Gold” or “the Company”)
(TSX.V: DAU, FF: QXR2, OTC: DAUGF) announces, further to its news release of January 8, 2018, it has received
an extension from the TSX Venture Exchange (the " Exchange") to complete its non-br okered 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 of CDN $1,000,000
(the “Financing”).
Each Unit will consist of one common share in the equ ity of the Company and one share purchase warrant (a
“Warrant”). Each Warrant entitles the holder to purchase on e additional common share of the Company at a price
of CDN $0.30 per share for a period of two (2) years from th e closing of the Financing. Warrants will be subject to
a thirty (30) day acceleration clause, at the Company’s option, upon announcement by th e 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 Exchange approval.
Certain insiders of the Company may subscribe for Units of the Offering. Any such participation would be
considered a related party transaction as defined under Multilateral Instrument 61-101 Protection of Minority
Security Holders in Special Transactions (“MI 61-101”). The Offering will be exempt from the formal valuation
and minority shareholder approval requi rements of MI 61-101 as neither the fair market value of any securities
issued to or the consideration paid by such persons will exceed 25% of the Company’s market capitalization.
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-looki ng statements respecting the Company's ability to successfully complete the Offering. T hese forward-
looking statements entail various risks and uncertainties that coul d cause actual results to differ materially from those refle cted in these forward-
looking statements. Such statements are based on current expect ations, are subject to a number of uncertainties and risks, and actual results may
differ materially from those contained in such statements, in cluding the inability of the Company to successfully complete the Financing. These
uncertainties and risks include, but are not limited to, the strengt h of the capital markets, the price of gold; operational, f unding, and liquidity
risks; the degree to which mineral resource estimates are reflec tive of actual mineral resources; and the degree to which facto rs which would
make a mineral deposit commercially viable are present; the risk s and hazards associated with mining operations. Risks and unce rtainties about
the Company's business are more fully disc ussed in the company's disclosure materi als filed with the securities regulatory auth orities in Canada
and available at www.sedar.com and readers are urged to read these materials. The Co mpany 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 provid er (as that term is defined in the policies of the TSX Ventu re Exchange)
accepts responsibility for the adequacy or accu racy of this release. This news releas e does not constitute an offer to sell or a solicitation of an
offer to buy the securities described herein in the United Stat es. The securities described herein have not been and will not b e 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.