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D E C E M B E R 2 0 1 7 M A L I 1 Disclaimer All statements in this presentation, other than historical facts, that address exploration activities and mining potential are forward-looking statements. Although Desert Gold believes that the

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1 D E C E M B E R 2 0 1 7 M A L I

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SLIDE 2

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 exploration and mining business and general economic and business conditions.

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SLIDE 3

Corporate Info

Ticker: TSX.V: DAU OTC: DAUGF Issued & Out.: 33.0 million Fully Diluted: 45.7 million Advisory Board Don Dudek, (P. Geo) André Vézina,

  • Hon. Col.

Peter Parsley, (P. Geo)

3

Board of Directors Sonny Janda, Director & CEO Jared Scharf, Director & President Bruce Thorndycraft, Director (Bsc. Eng)

  • Dr. Luc Antoine,

Director (Phd. Geo) Rene Branchuad, Director Management Sonny Janda, Director & CEO Jared Scharf, Director & President Larry Tsang, CFO (CPA) Salif Keita VP Operations, Mali Insiders & Management 25% Institutional 12% Retail 46% Float 17%

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SLIDE 4

Company Overview

4 Highly prospective advanced exploration properties located near world class mines 2 Targeted exploration programs at world class gold prospects in Western Mali 1 Mining feasibility study underway at Rutare (Byumba) gold deposit in Rwanda Desert Gold is an advanced gold exploration company with assets of significant potential on the continent of Africa principally located in Mali and Rwanda. Desert Gold Ventures Inc. acquired TransAfrika Resources in November, 2011 by way of share exchange in a transactions that was valued at CDN $15 million. Previously to Africa, Desert Gold held a fifty percent joint venture partner in Goldbanks with Kinross which it sold for $3.5M in 2012.

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SLIDE 5

Mali Projects

  • Significant land position
  • 3 Projects located in highly prospective terrains
  • Extensively mineralized belt
  • Focus on Farabantourou Project to the West
  • Targeting a small scale mine starter project from 140,000 oz. initial resources

MALI

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SLIDE 6

Farabantourou and Segala West Projects

  • Gold mineralization at Farabantourou and

Segala West is related to the Senegal Mali Fault Zone (“SMFZ”) structural event

  • Deposits in near proximity to SMFZ:
  • Randgold;
  • Loulo Mine; 9.8 Moz
  • Gounkoto Mine; 4.4 Moz
  • Eandeavour Mining;
  • Tabakoto & Segala Mines; 3.3

Moz

  • IAMGOLD/AngloGold Ashanti JV;
  • Sadiola Mine; 8.1 Moz
  • Yatela Mine; 3.5 Moz

NB: these resources included Measured and Indicated categories reported from companies annual reports as at December 2016 6

Locality

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SLIDE 7

Farabantourou and Segala West Projects

  • IAMGOLD

and Anglo Ashanti

  • perates

the Sadiola Mine.

  • Endeavour bought the Tabokoto and Segala

Mine from Avion Resources for $389M in 2012. Endeavour started production from new Kofi Mine.

  • B2Gold bought the Fekola Mina from Papillion

Resources for $570M in 2014.

  • Randgold generated over $800M USD in 2016,

up from approx. $700M USD in 2015.

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Locality, cont’d…

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SLIDE 8

Farabantourou Project

  • Targeting initial resources for

two prospects in addition to Barani East:

  • Barani

targeting 50,000

  • unces

based

  • n

Hyundai previous drilling

  • Keniegoulou 24,000

targeting ounces based

  • n Hyundai previous

drilling

  • Several
  • ther

anomalies remain untested.

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Overview

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SLIDE 9

Farabantourou Project

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Farabantourou Project – Barani East

  • Extensively drilled out by Hyundai and Desert Gold
  • Initial indicated and inferred resources reported for Barani East
  • The deepest intersect of mineralisation at Barani-East was made at a depth of 120m whilst the

deepest end-of-hole reached 190m terminating within oxidised material, suggesting the oxidation zone may extend beyond 200m

Barani East mineral resource statement was made by Minxcon Consulting, November 2015. This resource statement was made in compliance with the specifications set out by the Canadian Code for reporting of resources and reserves as prescribed in the National Instrument 43-101.

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Resource

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SLIDE 11

Farabantourou Project - Barani East

Metallurgy Test

  • Metallurgy – early results identify >90% recoverable by CIL,
  • Gravity Concentration and Cyanide Leaching Pilot testing completed in 2014.

Number Concentration Step Description Result 1 Semi-batch Knelson Knelson concentration of -2 mm material 40.3% gold recovery was achieved

  • n the minus 2 mm material

2 CVD Knelson CVD on semi-batch Knelson tails Mass pull of 11.2% at a recovery of 46.1% 3 Spirals Spiral processing of CVD concentrate Mass pull of 21.6% at recovery of 61.8% gold 4 High intensity leach Leaching of spiral and CVD concentrate Gold recovery of 93.4% after 24 hours 5 Normal leach Normal leaching on CVD tails Gold recovery of 55% after 24 hours

Based on this testwork, the following processing steps were envisaged:

  • Scrubbing of RoM material;
  • Crushing of scrubber oversize with the product recycled to scrubber;
  • Semi-batch Knelson processing of scrubber undersize;
  • CVD Knelson and spirals processing of semi-batch tails;
  • High-intensity leaching of CVD/spiral concentrate; and
  • Deposition of CVD/spiral and high intensity leach tails onto a dedicated tailings storage facility

(“TSF”).

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SLIDE 12

Farabantourou Project – Barani East

  • Sectional,

flitch plan and 3D modelling has increased the confidence in the geological interpretation.

  • Two domains identified - a main

hanging wall domain and a secondary footwall domain

  • NNE structures are mineralised in

the hanging wall and show continuity along strike.

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Drill Sections

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SLIDE 13

Farabantourou Project – Barani East

Recent Work

  • Excellent results from Desert Gold 2012

drilling campaign.

  • Consistently intersecting the mineralised

structures along strike.

  • Mineralisation

wireframe completed defining footwall and hanging wall domains

  • Mineralisation occurs in an eastward

steeply dipping (55˚ to 60˚), tabular body, ranging in width between 4.5m to 15m, with a NNE strike.

  • Mineralisation intersected along 700m

strike

  • Mineralisation remains open to the north

and at depth.

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SLIDE 14

Farabantourou Project – Barani

Overview

  • Geology and mineralisation interpretation

completed to improve the geological understanding.

  • Mineralisation occurred within sedimentary

units

  • Sub-vertical tabular orebody with pinch

and swell characteristics

  • Structural

control

  • f

the mineralisation along NS trending structure

  • Mineralisation

intersected

  • ver

1600 meters of strike – open to the North and South.

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SLIDE 15

Farabantourou Project – Barani

Prognostic

  • Width
  • f

mineralisation: Average modelled width 6 m. Mineralisation intersected Up to 80 meters vertical depth in NS-trending mineralized envelope.

  • Strike length of lodes:

Approximately 1,600 meters in strike length.

  • Possible tonnes oxide + grade oxide:

The total modelled volume is 768,000 cu m, majority

  • f

modelled mineralization is situated above saprock – fresh rock boundary.

  • Assuming total volume 768,000 cu m in
  • xide at 1.7 density, possible tonnes of
  • xide at Barani is 1,305,600 with 62,971
  • z. Au at 1.5 g/t Au average grade.

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Farabantourou Project – Keniegoulou

Overview

  • Geology and mineralisation interpreted

using previous drilling.

  • Defined

multiple-parallel mineralised zones

  • Minéralisation hosted within sedimentary

unit

  • Structural control of the mineralisation

along NW trending structure

  • Possibility
  • f

cross-cutting structure controlling the dilation zone in the center

  • f the main load
  • A gap of 400m between load needs to be

to be filled up

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SLIDE 17

Farabantourou Project – Keniegoulou

  • Width
  • f

mineralisation: Average modelled width 5 meters, with two parallel mineralized zones to the

  • north. Mineralisation intersected Up

to 80 meters vertical depth in NW- trending mineralized envelopes

  • Strike

length

  • f

lodes: Varies significantly from 350 to 1000 meters for the main load.

  • Possible tonnes oxide + grade oxide:

The total volume is 400,000 cu m, majority of modelled mineralization is situated above saprock – fresh rock boundary.

  • Assuming total volume 400,000 cu m

in oxide at 1.7 density, possible tonnes of oxide at Kegnekoulou is 680,000 with 36,077 oz. Au at 1,65 g/t Au average grade, modelled

Prognostic

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Farabantourou Project Conceptual Plan

  • Complete Social, Environmental

and hydrological studies

  • Advanced metallurgy test work

by gravity and CIL

  • Complete

scoping study including detailed feasibility

  • Applying for exploitation license

for small scale mining operation with multiple pits within a 20 – 30 km radius of the plant.

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Milestones

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SLIDE 19

Segala West Project

  • Surrounded

by several large mines including Randgold’s Loulo- Gounkoto mine complex to the West which has a mineral resource of 9.6 Moz Au, in 2015, and 9.8 Moz Au, in 2016, and had mining revenues

  • f

USD $724 million in 2015, and USD $882 million in 2016.

  • Adjacent to the East of Segala

West are Endeavour Mining’s Tabakoto and Segala mines with a combined mineral resource of nearly 3.3 Moz Au, in 2015, and had mining revenues of USD $175 million in 2015 and 2.75 Moz Au, in 2016, and had mining revenues

  • f USD $200 million.

NB: these resources and revenue numbers are rounded numbers, taken from the respective companies websites.

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Locality

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SLIDE 20

Segala West Project

  • Historical

area

  • f

artisanal mining > 300years

  • Pit mapping and grab sampling

completed to identified potential areas

  • Positive results returned from 4

main artisanal working areas

  • Geological

setting similar to Endeavour Tabacoto and Segala mines

  • Possibility of new discovery and

to create a standalone mine

  • peration

Overview

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Segala West – Baroya target

  • Identified more than 450m strike

length and 50m width of artisanal working area

  • Encouraging results demonstrate high

potential of the area

  • Structural control of the mineralization

hosted in sedimentary units

Recent Work

Sample Type Sample ID Description Au (g/t) Grab sample A2023 Quart vein 41g/t Grab sample A1967 Quartz vein 6g/t Grab sample A1970 Sandstone 2.8g/t Grab sample A1983 Quartz vein 2.37g/t Grab sample A1972 Quartz vein 2.32g/t

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Segala West – Baroya North target

  • Active

artisanal working

  • ver

700 meters strike length

  • Mineralisation

is associated with sheared quartz veins strongly oxidized and brecciated

  • Significant results highlight potential for

mineralized structure

Sample Type Sample ID Description Au (g/t) Grab sample A1996 Quart vein 19g/t Grab sample A2002 Quartz vein 7.17g/t Grab sample A1998 Sandstone 3.42g/t Grab sample A2005 Quartz vein 1.93g/t Grab sample A1995 Quartz vein 1g/t

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Recent Work

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Segala West – Baroya North West target

  • Extensive artisanal working along 400m

strike length

  • Recently discovered by local miners

when using metal detector

  • Two

types

  • f

gold mineralization systems were defined

  • Mineralisation is associated with quartz

veins linked hematite vein with visual gold

  • Significant results highlight potential for

mineralized structure

Sample Type Sample ID Description Au (g/t) Grab sample A2057 Sandstone+hemati te vein 39.2g/t Grab sample A2059 Quartz vein 14.7g/t Grab sample A2069 Quartz vein 10.6g/t Grab sample A2061 Quartz vein 4.1g/t Grab sample A2068 Quartz vein 1.32g/t

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Recent Work

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Segala West – Segala target

  • Along

350 meters strike correspond to Segala gold mine extension currently in production by endeavour mining.

  • The mineralization is controlled

by individual

  • r

network thin quartz veins with various thickness

  • Mineralization

is associated mainly to quartz veins striking SW (210° – 240°) and dipping NW similar to what seen at Endeavour Segala mine.

  • Encouraging

assay results showed potential of the area

Sample Type Sample ID Description Au (g/t) Grab sample A2044 Quartz vein 11.9g/t Grab sample A2034 Quartz vein 6.79g/t Grab sample A2033 Quartz vein 5.55g/t Grab sample A2036 Quartz vein 4.9g/t Grab sample A2028 Quartz vein 2.58g/t

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Recent Work

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Segala West Project

  • Mineralisation areas showed on

the property from historical exploration

  • Significant

gold intersections reported from AXMIN previous drilling within the permit

  • Mineralisation

intersected

  • ver

3km trending NNW-SSE

  • Coinciding

with robust soil anomaly

  • Developing conceptual intrusion
  • re body targeting shear zone

along granite intrusion

  • Planned to complete mapping

combine with airborne magnetic and soil data to identify potential targets.

Upside potential

NB: intersects reported are from AXMIN historical drilling

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Segala West Project

  • Several consistent soil anomalies remain

untested.

  • Need Air Core frame work to develop

bedrock target

  • Conceptual targeting and early stage work

continuing behind the scenes

  • Focus to develop mining operation with

mils feed from multiple pits within 20- 30km radius of the plant

NB: these resources included Measured and Indicated categories reported from companies annual reports as at December 2016

Upside Potential

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SLIDE 27

Djimbala Project

Komana West: Probable Reserves= 239,200 Ounces (Au) at 3,06 g/t (Hummingbird technical report, may 2017) Guirin West Gonka

Guinea Mali

N

10 kilometres

Kabaya South Solona Favourable mineralized corridors

Djimbala permit

(Desert Gold) Komana exploitation permit (Hummingbird) Komana East: Probable Reserves= 470,600 Ounces (Au) at 3,18 g/t (Hummingbird technical report, may 2017)

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Djimbala Project

Overview

  • Situated within the Yanfolila Gold Belt
  • Favourable host rocks
  • Extension of Faliko Fodela structures with

significant intersections from Gold Fields AC and RC drilling

  • Artisanal mining within the permit confirms

Au presence

  • 25 km north of Kodieran and Kalana Mines
  • 10km southeast of Humming bird Komana

Project

  • First phase of soil sampling delivers positive

results

  • First phase of soil sampling delivers positive

results with soil anomalies coinciding with favourable structures.

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SLIDE 29

Djimbala Exploration Results

  • Five

North-South soil anomalies defined and coinciding with the regional structure trending

  • Proximity to Kodieran mine plant
  • Possibility to feed this plant bases on Desert Gold

and Sodinaf strategic partnership

Regional Geology Gold Soil Geochemical Sample Results

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Kodieran Gold Mine Sodinaf Kalana Gold Mine Avnel Gold

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SLIDE 30

Mali Projects – Exploration Plan

To “rapidly scope the exploration potential within the Farabantourou and Segala West Projects.”

  • Focus on three project areas;
  • Farabantourou
  • Define Inferred resource at Barani and Kegnekoulou and improve the geology

and structural understanding

  • Convert the initial resource to indicated category at Barani East and improve the

geology and structural understanding

  • Segala West
  • Four artisanal working areas identified- complete first pass DD and RC drilling to

define the shape and confirm the geology and structural control

  • Djimbala
  • Mapping and sampling over artisanal mining areas for generate early stage

targets

  • Auger drilling frame work to constrain bedrock target for RC and DD drilling

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Mali Planned Works Summary

  • 6,500 m RC, 3,500 m DD planned for Farabantourou and Segala West.
  • DD will assist on geological understanding and structural control.
  • RC is designed for resource conversion and expansion along strike.
  • Selective twin will be completed to validate historical Hyundai drilling.
  • DD drilling is due to start in July.
  • RC drilling will start after rainy season.
  • 5,000 m of Auger is designed at Djimbala to define early stage targets for follow up with RC and DD.

Farabantourou Permit phase1 diamond drilling Prospects Hole type Hole EOH Total Metres Barani DD 4 Various 730 Barani East DD 4 Various 730 Keniegoulou DD 4 Various 640 TOTAL 2100 Segala West Permit phase1 diamond drilling Prospects Hole type Hole EOH Total Metres Baroya DD 2 200 400 Baroya North DD 2 200 400 Segala DD 2 Various 450 Baroya North West DD 1 150 150 TOTAL 1400 Farabantourou Permit phase1 RC drilling Prospects Hole type Hole EOH Total Metres Barani RC 14 80 1120 Barani East RC 15 80 1200 Keniegoulou RC 13 80 1040 TOTAL 3360 Segala West Permit phase1 RC drilling Prospects Hole type Hole EOH Total Metres Baroya RC 10 80 800 Baroya North RC 10 80 800 Segala RC 10 80 800 Baroya North West RC 10 75 750 TOTAL 3150 31

Summary