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Disclaimer & Disclosures · •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

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Page 1: Disclaimer & Disclosures · •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
Page 2: Disclaimer & Disclosures · •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

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

Page 3: Disclaimer & Disclosures · •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

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

only seen limited exploration

June 2020 3

Page 4: Disclaimer & Disclosures · •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

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

Page 5: Disclaimer & Disclosures · •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

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

Page 6: Disclaimer & Disclosures · •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

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

Page 7: Disclaimer & Disclosures · •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

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

Page 8: Disclaimer & Disclosures · •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

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

Page 9: Disclaimer & Disclosures · •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

SMSZ Geophysical Anomalies

June 2020 9

Page 10: Disclaimer & Disclosures · •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

Gourbassi Zones Highlights

June 2020 10

Page 11: Disclaimer & Disclosures · •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

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

Page 12: Disclaimer & Disclosures · •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

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

Page 13: Disclaimer & Disclosures · •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

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