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 Regionally this structure is related to Senegal-Mali Shear Zone deposits from 1.5 to >10 million ozs Au 410 km 2 under-explored area along SMSZ 2. Increasing land package Numerous historic gold zones 20 + gold zones on combined property 3. Ashanti Gold/MMC/Altus/SUD acquisitions 6.3 g/t Gold over 13 metres – open Economic grade targets 4. 3.52 g/t Gold over 33 metres - open 5. Target-rich environment New targets in the right area Monetization of 2 nd priority 6. Lie adjacent to producing mines and have project only seen limited exploration June 2020 3
Capital Structure & Corp. Info Ticker TSX.V: DAU Major Shareholders Leede Jones 8.5% Issued & Outstanding 110.9 million Grand Peak Capital Corp. 7.9% Options 6.3 million Management & Board 6.4% Warrants (Dau) 42.6 million @$0.24 2.1 million @$0.32 Capital Drilling 5.7% Warrants (ex-Ashanti) ($0.28 to $0.46) Sodinaf International 4.4% Fully Diluted 161 million Sovereign Green Res 4.3% Board & Management Ross Beaty 2.9% Sonny Janda, Jared Scharf, Chairman Director, President & CEO Don Dudek (Geo.), Larry Tsang (CPA), Director CFO Salif Keita (Geo.), VP Exploration 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 km 2 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 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 June 2020 8
SMSZ Geophysical Anomalies June 2020 9
Gourbassi Zones Highlights June 2020 10
Southern Gold Belt of Mali • The 100 km 2 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 km 2 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 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 1) 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
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