Phase 2 Exploration Drill Program At SMSZ Project

SURREY, BC - Desert Gold Ventures Inc. reported on the 2nd phase drill program that was carried out in Q2, 2024. A total of 3,892 meters of exploration drilling in 65 holes was completed on its SMSZ Project in Mali, West Africa.

CEO Jared Scharf, said, "During the 2024 work season, the company successfully completed all geotechnical and metallurgical drilling as well as some exploration drilling to advance and enhance our ongoing PEA for the phase 1 mining study at the SMSZ project. The most recent drill results continue to advance the larger exploration goal which is to crack the 2 million ounce gold mineral resource threshold. We look forward to publishing the results of the PEA in early 2025 as well as following up with continued drilling at our best targets."

Highlights of the Phase 2 Exploration Program: 1) Mogoyafara South – 3.81 g/t Au over 2.7 m from 74.0 m in hole KO-24-DD-001 – 60 m downdip extension. 2) Mogoyafara South – 5.64 g/t Au over 1.9 m from 249.4 m in hole KO-24-DD-001 – new lens. 3) Mogoyafara South – 0.86 g/t Au over 6.7 m from 170.2 m in hole KO-24-DD-002 – known zone, 4) Mogoyafara South – 2.00 g/t Au over 7 m from 25 m in hole KO-24-RC-007 – better than expected. 5) Mogoyafara South – 0.80 g/t Au over 9 m from 93 m in hole KO-24-RC-009 – 35 m downdip extension. 6) Frikidi – 6.35 g/t Au over 9.5 metres in hole FAW-24-DD-001 from 26.9 m, known zone. 7) Frikidi – 0.5 g/t Au over 6.85 metres, 0.5 g/t Au over 3.5 metres and 0.5 g/t over 5.25 m in hole FAW-24-DD-002 from 35.35 m, 65 and 129.5 m, respectively, historic target. 8) Barani Gap – 1.11 g/t Au over 8 m in hole FA-24-AC-059 from 9.0 m. 9) Barani Gap – 0.77 g/t Au over 9 m in hole FA-24-AC-057 from 28 m. 10) New Zone – 3.35 g/t Au over 3 m from 43 m in hole FA-24-AC-047 - Auger anomaly. 11) Kolon – 0.74 g/t Au over 9 m and 1.91 g/t Au over 3 m from 19 m and 33 m, respectively in hole SW-24-AC-021 – 100 m step-out from 3.68 g/t Au over 3 m.

The company tested for extensions of the gold mineralization at Mogoyafara South, Barani Gap, Frikidi, Kolon and Soa Zones. Mineral resources have been estimated at Mogoyafara South and Barani East (includes Barani Gap).