Desert Gold Ventures Inc. Announces Non-Brokered Private Placement to 4,333,334 Units

Each Unit will consist of one common share in the equity of the Company and one share purchase warrant (the "Warrant").  Each Warrant entitles the holder to purchase one additional common share of the Company at a price of CDN $0.20 per share for a period of Five (5) years from the closing of the Financing. 

The proceeds of the Financing will be used for exploration activities at the Company's projects in Western Mali and for general working capital purposes.  The Company may pay finder's fee to qualified finders in respect to the Financing.  Securities issued as a result of the Financing will be subject to a statutory hold period. .

The Company will complete a portion of the Financing pursuant to the conditions described in Multilateral CSA Notice 45-318 Prospectus Exemption for Certain Distributions through an Investment Dealer ("CSA 45-318") and the corresponding instruments, orders and rules implementing CSA 45-318 in the participating jurisdictions (collectively with CSA 45-318, the "Investment Dealer Exemption"). In addition to conducting the Financing pursuant to the Investment Dealer Exemption, the Company will also accept subscriptions for units where other prospectus exemptions are available, including from accredited investors. In accordance with the Investment Dealer Exemption, the Company advises that, as at the date hereof, there is no material fact or material change in respect of the Company that has not been generally disclosed. The Company further advises that there is no minimum number of units being offered pursuant to the Financing.

"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-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 reflected 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 available 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 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. 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.

/NOT FOR DISTRIBUTION IN THE US/

SOURCE Desert Gold Ventures Inc.



Contact
Jared Scharf, President & Director, +1 (858) 247-8195