OTC Pink: Daugf Desert GOLD Postpones Non-Brokered Private Placement
For Immediate Release
TSX.V: DAU
Frankfurt: QXR2
OTC Pink: DAUGF
DESERT GOLD POSTPONES NON-BROKERED PRIVATE PLACEMENT
Delta, British Columbia, March 1 1, 2020. Desert Gold Ventures Inc. (“Desert Gold” or “the Company”) (TSX.V:
DAU, FF: QXR2, OTC: DAUGF) announces that due to the current market volatility, the Company has decided to
postpone its previously announced private placement. All subscription agreements and funds received to date will
be returned to those subscribers. The Company will revisit its funding plans once some degree of normalcy returns
to the markets.
ON BEHALF OF THE BOARD
“Jared Scharf”
___________________________
Jared Scharf
President & Director
ABOUT DESERT GOLD
Desert Gold Ventures Inc. is a gold exploration and development company which holds 2 gold exploration permits
in Western Mali (SMSZ Project and Djimbala) and its Rutare gold project in central Rwanda. For further
information please visit www.SEDAR.com under the company’s profile. Website: www.desertgold.ca
CONTACT
Jared Scharf, President and Director
Email: [email protected]
Tel. No.: +1 (858) 247-8195
This news release contains forward-looking statements respecting the Company's ability to successfully complete the Offering. These forward-
looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflecte d in these forward-
looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may
differ materially from those contained in such statements, including the inability of the Company to successfully complete the Offering. These
uncertainties and risks include, but are not limited to, the strength of the capital markets, the price of gold; operational, funding, and liquidity
risks; the degree to which mineral resource estimates are reflective of actual mineral resources; and the degree to which factors which would
make a mineral deposit commercially viable are present; the risks and hazards associated with mining operations. Risks and uncertainties about
the Company's business are more fully discussed in the company's disclosure materials filed with the securities regulatory authorities in Canada
and availabl e at www.sedar.com and readers are urged to read these materials. The Company 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 Exchang e 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. This news release does not constitute an offer to sell or a solicitation 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 benefit of a U.S.
person absent an exemption from the registration requirements of such act.