Desert Gold Ventures Inc. announced a a non-brokered private placement of 24,285,714 units at a price of CAD 0.07 per unit for the gross proceeds of CAD 1,700,000 on December 1, 2022. Each Unit will consist of one common share and one common share purchase warrant. Each Warrant entitles the holder to purchase one additional common share at a price of CAD 0.08 per common share for a period of three years from the closing of the transaction.

The company may pay a finder's fee in respect to the transaction. All the securities issued as a result of the transaction will be subject to a statutory hold period and is subject to exchange approval.