2020 PDAC Presentation

Disclaimer

All statements in this presentation, other than historical facts, that address exploration

activities and mining potential are forward-looking statements. Although Desert Gold

Ventures Inc. believes that the expectations expressed in such forward–looking

statements are based on reasonable assumptions, such statements should not in any way

be construed as guarantees of future performance. Factors that could cause

developments to differ materially from those expressed include exploration results;

technical analysis; and lack of availability to the company of necessary capital to

progress its projects further. The company is subject to specific risks inherent in the

mineral exploration business and general economic and business conditions.

Corporate Highlights

1. 1- 6 million ounce gold target

2. Increasing land package

3. Numerous historic gold zones

Ashanti Gold/MMC/Altus/SUD

acquisitions

4. Economic grade targets

5. Target-rich environment

6. Monetization of 2nd priority

project

Senegal-Mali Shear Zone (SMSZ)

~400 km2 under-explored area along SMSZ

19 zones on combined property

- Steps 2 of 3 of acquisition strategy

completed

6.3 g/t Gold over 13 metres - open

New targets in the right area

Lie adjacent to producing mines and have

only seen limited exploration

Capital Structure & Corp. Info

Ticker TSX.V: DAU

Issued & Outstanding 93.1 million

Options 6.3 million

Warrants (Dau)

Warrants (ex-Ashanti)

46 million @$0.226

($0.09 to $0.30 each)

4.6 million @$0.647

($0.28 to $0.91)

Fully Diluted 150 million

Board & Management

Sonny Janda, Director,Chairman

Jared Scharf,

Director, President &

CEO

Don Dudek (Geo.),

Director

Larry Tsang (CPA),

CFO

Salif Keita, VP Exp.

Major Shareholders

Grand Peak Capital Corp. 7.8%

Management & Board 5.8%

Sodinaf International 5.1%

Capital Drilling 4.7%

Ross Beatty 3.4%

Leede Jones 3%

Mali, West Africa

• Mali is Africa’s fourth largest gold producing

country.

❖ Annual gold production in 2018 ~2.14million oz

Au

❖ >35 million oz Au of reserves

❖ Recent new discoveries

❖ Highly prospective and still underexplored to not

explored

❖ Major producers and Developers - Barrick,

B2Gold, Endeavour, Allied Gold, Hummingbird,

Resolute and BCM

• Desert Gold controls 2 large exploration permits

in strategic areas.

❖ SMSZ Project – along Senegal Mali Shear and

Main Transcurrent Shear Zones

❖ Djimbala – Adjacent to 1.8 million ounce

Yanfolia Mine and on same geological trend as

Endeavour’s advanced Kalana Project

Western Gold Belt of Mali

• Desert Gold is targeting 1 to 6

million oz Au - >> $1 billion in

metal

• Gold mineralization in Western Mali

is related to the Senegal Mali Shear

Zone (“SMSZ”).

• Desert Gold’s property is directly on

and proximal to the SMSZ:

• Major deposits in close proximity to

Farabantourou and Segala West on the

SMSZ:

❖ Yatela: 3.5 Moz

❖ Sadiola: 8.1 Moz

❖ Loulo: 9.8 Moz

❖ Gounkoto: 4.4 Moz

❖ Tabakoto & Segala: 3.3 Moz

❖ Fekola: 7 Moz

SMSZ Project, West Mali

• ~400 km2 Project spans the SMSZ

❖ SMSZ related to 30m + oz Au of

production and Au reserves.

❖ Significant drill results including 6.28

g/t Au over 13 meters. OPEN!

• 19 known sediment, volcanic and

intrusion-hosted gold zones

❖ Mineralization style mimics that of

the nearby sulphide-replacement

altered, limestone-hosted Sadiola and

Yatela deposits that are host to more

than 8 million ounces of gold.

• Additional Upside

❖ >100 untested gold-in-soil anomalies

>200 ppb

• 15,000 m+ drilling program started in Q4,

2019

• 10,000 m+ auger drilling program

planned in 1H 2020

• Resource report tentatively planned for

late Q3, 2020

SMSZ Target Areas

• 59 target areas delineated

❖ Recent program began testing 4 of the

target areas with a 74 hole, 3,507 metre

drill program

❖ Target areas consist of a combination of

o known zones with inferred

extensions both along strike and to

depth,

o artisanal workings,

o gold-in-soil anomalies of >200

ppb gold,

o gold in auger anomalies of >100

ppb gold

o IP chargeability high anomalies

o Covered areas with inferred

structural targets

o Areas along strike of known zones

that have not been explored

❖ Plan to develop new grassroots targets

and drill test grassroots to resource

build targets

SMSZ Geophysical Anomalies

Southern Gold Belt of Mali

• The 100 km2 Djimbala prospect is

proximal to several large mines and

deposits

• Hummingbird’s Komana mine (1.8MM

oz Au) occurs just west of the Djimbala

permit and Endeavour’s Kalana deposit

with 2MM oz is ~18 km south of

Djimbala.

• It is also 15 km north of ~2 million oz

Au Kodieran mine.

• Bulk of the property has never been

explored even though it appears to be in

the ‘right area’

• Follow-up to include first pass soil

sampling in the southern half of the

concession, prospecting and mapping

Summary/Highlights

• Target 1 – 6 million ounce gold deposit in western and southern Mali

❖ SMSZ PROJECT

➢ Regional scale ~400 km2 land package spanning the SMSZ and MTSZ

➢ 1 to 6 million ounce SMSZ target with abundant gold mineralization already discovered

➢ Target model working - Encountering similar geology to nearby >10 million oz Au

Sadiola/Yatela mines

➢ 19 known gold zones with minimal exploration to date

➢ Upside – New gold zones and compelling soil anomalies to follow up with >100, >200 ppb gold

➢ New results – 2.04 g/t gold over 30 metres and 3.03 g/t gold over 8 metres

❖ DJIMBALA

➢ Adjacent to new Hummingbird Mine

➢ Reported major artisanal mining presence on property

➢ Initial, small, soil sampling program shows strong results with 20 samples >100 ppb gold

➢ Additional surface exploration to be completed to delineate first drill targets