Disclaimer & Disclosures All statements in this presentation, - - PowerPoint PPT Presentation

Disclaimer & Disclosures

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. The Company is solely responsible for the contents and accuracy of any scientific and technical information in this presentation. Don Dudek, P.Geo, a director of Desert Gold and a Qualified Person under National Instrument 43-101, has reviewed and approved the scientific and technical information contained in this presentation.

June 2020 2

Corporate Highlights

1. Project overlies 38km of Senegal-Mali Shear Zone 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 Regionally this structure is related to deposits from 1.5 to >10 million ozs Au 410 km2 under-explored area along SMSZ 20 + gold zones on combined property 6.3 g/t Gold over 13 metres – open 3.52 g/t Gold over 33 metres - open New targets in the right area Lie adjacent to producing mines and have

• nly seen limited exploration

June 2020 3

Capital Structure & Corp. Info

Ticker TSX.V: DAU Issued & Outstanding 110.9 million Options 6.3 million Warrants (Dau) Warrants (ex-Ashanti) 42.6 million @$0.24 2.1 million @$0.32 ($0.28 to $0.46) Fully Diluted 161 million Board & Management Sonny Janda, Chairman Jared Scharf, Director, President & CEO Don Dudek (Geo.), Director Larry Tsang (CPA), CFO Salif Keita (Geo.), VP Exploration Major Shareholders Leede Jones 8.5% Grand Peak Capital Corp. 7.9% Management & Board 6.4% Capital Drilling 5.7% Sodinaf International 4.4% Sovereign Green Res 4.3% Ross Beaty 2.9%

June 2020 4

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

June 2020 5

Western Gold Belt of Mali

• 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

• (1)Major deposits in close proximity to

the SMSZ Project:



Yatela: 3.5 Moz



Sadiola: 8.1 Moz



Loulo: 9.8 Moz



Gounkoto: 4.4 Moz



Tabakoto & Segala: 3.3 Moz



Fekola: 7 Moz

• (2)Given the size, location and

prevalence of gold anomalies on the SMSZ Project, Desert Gold believes the discovery of similar sized gold deposits is achievable on its land package

June 2020 6

SMSZ Project, West Mali

• 410 km2 Project spans the SMSZ

 Significant drill results including 6.28 g/t Au over 13 meters. OPEN!

• 20 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, untested IP anomalies

THE PLAN

• 57 Target areas identified
• 15,000 m+ drilling program started in

Q4, 2019. Mix of first pass to resource drilling

• 10,000 m+ auger drilling program

planned in 1H 2020

• Resource report tentatively planned for

late Q3, 2020

June 2020 7

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

• known zones with inferred

extensions both along strike and to depth,

• artisanal workings,
• gold-in-soil anomalies of >200

ppb gold,

• gold in auger anomalies of >100

ppb gold

• IP chargeability high anomalies
• Covered areas with inferred

structural targets

• 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

June 2020 8

SMSZ Geophysical Anomalies

June 2020 9

Gourbassi Zones Highlights

June 2020 10

Southern Gold Belt of Mali

• The 100 km2 Djimbala prospect is

proximal to several large mines and deposits

• (3)Hummingbird’s Komana mine (2.2

million oz Au) occurs just west of the Djimbala permit and (4)Endeavour’s Kalana deposit with 2MM oz is ~18 km south of Djimbala.

• It is also 15 km north of the Kodieran

gold 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

• Optioned to Indigo Exploration

June 2020 11

Summary/Highlights

 SMSZ PROJECT

• Regional scale 410 km2 land package spanning 38km of the SMSZ and a 10km splay of the

MTSZ

• Regionally these structures are related to deposits from 1.5 to >10 million in size
• Target model working - Encountering similar geology to nearby >10 million oz Au

Sadiola/Yatela mines

• 20 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
• Optioned to Indigo

June 2020 12

Footnotes & Sources

1) Barrick’s Loulo-Gounkoto mine complex to the west with ore reserves of 32 Mt (million tonnes) average at 4.6 g/t for 3.7 million oz Au in the Proven and Probable category. Barrick website - https://barrick.q4cdn.com/788666289/files/quarterly- report/2018/Randgold-2018-Reserves-Resources.pdf Estimated Indicated mineral resources of 23Mt @ 4.0 g/t Au totalling 2.5 million ounces of gold and estimated inferred mineral resources BCM’s (formerly Endeavour Mining) Tabakoto and Segala mines which hosts ~3 million oz Au (18.5 Mt at 3.5 g/t for 1.8 million oz Au Measured and Indicated, 9 Mt at 3.6 g/t for 1 million oz Au Inferred and 6.4 Mt at 3.5 g/t for 0.7 million oz Au Proven and Probable. B2Gold Fekola mine to the south with ore reserves of 48.3 Mt average at 2.37 g/t gold for 3.34 million oz Au in the Proven and Probably category and 65.8 Mt average at 2.13 g/t gold for 4.5 million oz Au. To the north Sadiola/Yatela mine contains ore reserves of 38 Mt at 1.57 g/t gold for 2 million oz Au and 87 Mt at 1.58 g/t gold for 6 million oz Au in the Measured and Indicated category. Source: company annual reports and corporate filings 2) Mineralization hosted on adjacent and/or nearby properties is not necessarily representative of mineralization hosted on the Company’s SMSZ Property 3) Hummingbird Komana gold resource; 2.2 million oz Au inferred & indicated resource category (2015) https://hummingbirdresources.co.uk/operations-projects/mali/ 4) Endeavour Kalana gold resource; 3.25 million oz Au measured & indicated (2020) https://www.endeavourmining.com/our- portfolio/Kalana-Project/default.aspx

June 2020 13