DESERT MOUNTAIN ENERGY ANNOUNCES PRIVATE PLACEMENT

Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) is pleased to announce that it is proceeding with a non-brokered private placement offering to raise gross proceeds of not less than CAD $500,000 up to CAD $1.0 Million.  Under the terms of the private placement, the Company will offer for sale a minimum of 1,428,571 Units up to a maximum of 2,857,143 Units (the “Units”) at CAD $0.35 per Unit.  The Company may in its discretion increase the size of the offering by a further 20% to a maximum of 3,428,572 Units.

Each Unit will consist of one Common Share of the Company and one-half of one share purchase warrant (the “Warrants”), where each whole Warrant will allow the subscriber to purchase one additional Common Share of the Company for a period of two years from the date of Closing at a price of CAD $0.52.  The expiry of the Warrants may be accelerated at the election of the Company by written notice if the closing price for the Common Shares on the TSX Venture Exchange shall be equal to or greater than CAD $0.90 for a minimum of ten consecutive trading days.  Proceeds from the private placement will be utilized for the Company’s upcoming helium drill program which is anticipated to commence this June as well as for working capital and general corporate purposes.

The Company may, in its discretion, pay a finder’s fee of up to 7% of the total gross proceeds of the offering in cash and/or securities, where applicable.  The Units will be subject to a 4-month hold period.  The Company anticipates closing the private placement in June. The private placement is subject to the approval of the TSX Venture Exchange.

About Desert Mountain Energy
The Company is an exploratory resource company engaged in exploration and development of helium, oil & gas and mineral properties in the Southwestern United States. Until September 5, 2018, the Company also owned the Yellowjacket Gold Project in Atlin, British Columbia, which it had been developing. The Company has its executive offices in Vancouver, Canada. The Company was incorporated under the laws of the Province of British Columbia, on April 30, 2008, and was formerly named African Queen Mines Ltd. It initially received certain southern African assets in a spin off transaction related to the acquisition of Pan African Mining Corp. by Asia Thai Mining Co., Ltd.

On Behalf of the Board of Directors of Desert Mountain Energy Corp.
“Irwin Olian”
Irwin Olian
Chairman & CEO

For more information, contact:
Irwin Olian
President and CEO
E-mail: tigertail@desertmountainenergy.com
Tel:  +1-604-788-0300

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company’s expectations.

DESERT MOUNTAIN ENERGY ENGAGES DRILLING CONTRACTOR FOR FIRST TWO HOLES OF ITS HELIUM EXPLORATION PROGRAM IN ARIZONA’S HOLBROOK BASIN

Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) is pleased to announce that it has now engaged Drake Well Service Inc. (“Drake”), a highly experienced Southwest Regional drilling contractor that has been family-owned since 1963, to drill the initial two wells of its upcoming helium drill program in Arizona’s Holbrook Basin. Drilling is anticipated to commence this June.

In addition to working efficiently to complete the wells as expeditiously as possible, Drake will be following best industry practices for health and safety guidelines.  In keeping with the Company’s mandate to leave minimal environmental footprint, the wells will be drilled with Air/Mist combination to reduce the amount of water required in its drilling operations by 60% or more.

As stated in our PR dated May 15, 2020, both wells will be simple vertical gas wells drilled to a maximum depth of 2,790 ft., and will be testing a total of five possible pay zones which the Company believes are highly prospective and range in depth from 1020 to 2690 ft.  Targets for the Company’s upcoming program were developed over the past eighteen months as a result of comprehensive studies of historic geologic reports and drill log data, field studies and mapping, a 2-D seismic study and most recently, an airborne geophysics survey.

The drill program will be overseen by the Company’s Head of Exploration and Technical Operations, Robert Rohlfing, a highly experienced driller and executive who has drilled over 250 wells in his career with a very high success rate. According to Mr. Rohlfing, “We are very pleased to be working with the people at Drake and regard them as a very high caliber choice whose skillset is ideally suited to our program. Their long-term commitment to health, safety, environmental protection and community values is very much in line with our own priorities.”

About Desert Mountain Energy
The Company is an exploratory resource company engaged in exploration and development of helium, oil & gas and mineral properties in the Southwestern United States. Until September 5, 2018, the Company also owned the Yellowjacket Gold Project in Atlin, British Columbia, which it had been developing. The Company has its executive offices in Vancouver, Canada. The Company was incorporated under the laws of the Province of British Columbia, on April 30, 2008, and was formerly named African Queen Mines Ltd. It initially received certain southern African assets in a spin off transaction related to the acquisition of Pan African Mining Corp. by Asia Thai Mining Co., Ltd.

On Behalf of the Board of Directors of Desert Mountain Energy Corp.
“Irwin Olian”
Irwin Olian
Chairman & CEO

For more information, contact:
Irwin Olian
President and CEO
E-mail: tigertail@desertmountainenergy.com
Tel:  +1-604-788-0300

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company’s expectations.

DESERT MOUNTAIN ENERGY RECEIVES DRILL PERMITS FOR FIRST TWO HOLES OF ITS HELIUM EXPLORATION PROGRAM IN ARIZONA’S HOLBROOK BASIN

Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) is pleased to announce that the Arizona Oil & Gas Conservation Commission today granted the Company’s drill permits for the initial two holes in its planned helium exploration program in Arizona’s Holbrook Basin.  The two initial holes are situated in the Eastern portion of the Basin some 35 mi. from the iconic Pinta Dome, Navajo Springs and E. Navajo Springs gas fields.  These three fields produced an aggregate of 9.23 Bcf of gas grading 8-10% Helium over a 15-year period, among the richest helium fields in the world.

The two holes are planned to be simple, vertical gas wells drilled to a maximum depth of 2790 ft.  They will test a total of five possible pay zones which the Company believes are highly prospective and range in depth from 1020 ft. to 2690 ft. These holes offset an old potash well drilled in 1965 by a mineral resource company (ARKLA Exploration NMA #7) as a stratigraphic test that blew out due to extreme unanticipated gas pressure.  Targets for the Company’s upcoming program were developed over the past eighteen months as a result of comprehensive studies of historic geologic reports and drill log data, field studies and mapping, a 2-D seismic study and most recently, an advanced Remote Sensing Study utilizing infrared spectral analysis to locate certain neutron-deficient target isotopes generally associated with the presence of Helium.  This airborne geophysics survey provided strong results that corroborated our other targeting work. (See PR dated April 20, 2020).

The Company will be finalizing contracts with a seasoned drilling contractor shortly for a rig and will announce a tentative June start date for the program in the near future.  The drill program will be overseen by the Company’s Head of Exploration and Technical Operations, Robert Rohlfing, a highly experienced driller and executive who has drilled over 250 wells in his career with a very high success rate. According to Mr. Rohlfing, “We are very pleased with the Commission’s decision to greenlight the Company’s drill permits at this time.  We were very careful in our initial targeting decisions to choose areas that provide for the least environmental impact at the surface together with the optimal locations downhole for successful commercial Helium production without the need for fracking.”

About Desert Mountain Energy
The Company is an exploratory resource company engaged in exploration and development of helium, oil & gas and mineral properties in the Southwestern United States. Until September 5, 2018, the Company also owned the Yellowjacket Gold Project in Atlin, British Columbia, which it had been developing. The Company has its executive offices in Vancouver, Canada. The Company was incorporated under the laws of the Province of British Columbia, on April 30, 2008, and was formerly named African Queen Mines Ltd. It initially received certain southern African assets in a spin off transaction related to the acquisition of Pan African Mining Corp. by Asia Thai Mining Co., Ltd.

On Behalf of the Board of Directors of Desert Mountain Energy Corp.
“Irwin Olian”
Irwin Olian
Chairman & CEO

For more information, contact:
Irwin Olian
President and CEO
E-mail: tigertail@desertmountainenergy.com
Tel:  +1-604-899-0100
Fax: +1-604-899-0200

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company’s expectations.

Tapping into Potentially the World’s Best Helium Resource

Tapping into Potentially the World’s Best Helium Resource

Read the Stockhouse editorial about Desert Mountain Energy Corp.

https://stockhouse.com/news/newswire/2020/05/05/tapping-into-potentially-world-s-best-helium-resource

The Age of the Airship May Be Dawning Again

The Age of the Airship May Be Dawning Again

Dirigibles ruled the skies once. Can they make a comeback?

By Justin Ling

Here is a interesting news story published by Foreign Policy News about the airship industry and and includes a discussion of their potential impact on the Helium industry.  

https://desertmountainenergy.com/wp-admin/post.php?post=2045&action=edit