Mr. Jared Scharf reports

DESERT GOLD UPDATES FINANCING

Desert Gold Ventures Inc. has accepted an arm's-length subscription agreement that was submitted during the company's recent $7,181,800 private placement closing but was missed due to clerical error. As a result, the company will issue 375,000 units for a total of $30,000. Each unit consists of one common share and one-half of a common share purchase warrant, each whole warrant exercisable for two years at 12 cents. No finders' fees will be payable, the securities issued will be subject to trading restrictions of four months and a day, and proceeds will be added to general working capital. This placement is subject to TSX Venture Exchange approval.

About Desert Gold Ventures Inc.

Desert Gold is a gold exploration and development company which controls properties in both Mali and Ivory Coast. This includes the 440-square-kilometre SMSZ project in western Mali as well as the newly optioned 297-square-kilometre Tiegba gold project in western Ivory Coast within the prolific Birimian greenstone belt.

We seek Safe Harbor.