Mr. Robert Rohlfing reports

DESERT MOUNTAIN ENERGY CLARIFIES PRIVATE PLACEMENT TERMS

Desert Mountain Energy Corp. has clarified certain terms of its brokered private placement of 6,976,744 units, which closed on April 9, 2026. Details of the private placement can be found in the company's news release dated April 9, 2026.

The compensation received by Haywood Securities Inc., lead agent and sole bookrunner for the offering, comprised the following:

1. A cash commission of 6 per cent of the gross proceeds from the sale of the units placed by the agent;
2. 418,605 compensation options, with each such compensation option entitling the holder thereof to acquire one compensation option unit for 43 cents, such compensation option unit having the same terms and conditions as the units sold under the offering except for the reliance on the listed issuer financing exemption;
3. A corporate finance fee consisting of $90,000 in cash and 209,302 units, which were issued pursuant to the listed issuer financing exemption, with each corporate finance unit consisting of: (i) one common share; and (ii) one common share purchase warrant that entitles the holder thereof to purchase one common share at 70 cents at any time, up to and including April 9, 2029.

Both the compensation option and the warrants underlying corporate finance units are non-transferable.

About Desert Mountain Energy Corp.

Desert Mountain Energy is a publicly traded resource company primarily focused on the exploration, development and production of helium, hydrogen and natural gas. The company is focused on helium extraction from different raw gas sources in an environmental and economic manner, supplying elements deemed critical to the renewable energy and high-technology industries.

We seek Safe Harbor.