DESERT MOUNTAIN ENERGY ENCOUNTERS GAS IN MULTIPLE ZONES AND SETS PRODUCTION CASING IN ITS FIRST EXPLORATORY WELL 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 encountered gas in multiple zones in its first wildcat exploratory well in Arizona’s Holbrook Basin.  DME Well No. State 10-1 (API No. 02-017-20130) encountered gas in five different zones aggregating approximately 182 ft. in width.  The well was spudded on June 17 and was drilled to a total depth of 2354 ft.  Production casing has now been set to the bottom of the hole and cemented.

Significant gas flows were encountered during both drilling and casing setting operations.  The helium content and composition of the gaseous mixture in the well remains unknown at this time, pending final well completion operations.  Complete laboratory gas analysis for helium and other gases will be undertaken at that time, together with studies of estimated flow production levels.

According to Robert Rohlfing, Executive V.P of Exploration and Head of Technical Operations for the Company, “It is very encouraging to have encountered a high level of controlled gas flows during our drilling and casing setting operations. However, the presence and amount of helium in the gaseous mixture has not yet been determined.  Going forward, our team will be reviewing all of the geophysical data from this well and making strategic recommendations based on that data.”

The Company plans to move the current drill rig directly onto its second exploratory well prospect, DME Well No. State 16-1 (API No. 02-017-20131) with a proposed total depth of 2790 ft., also situated in the Holbrook Basin in Central Navajo County.   It is anticipated that drilling will commence on that second well shortly after the 4th of July holiday. Well completion and testing procedures will then be undertaken on both of the two initial wells as soon as practicable, subject to availability of the completion rig.

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 Drilling for Helium Underway in the Holbrook Basin (Pictures)

Desert Mountain Energy Drilling for Helium Underway in Arizona’s Holbrook Basin

                  

DME Well No. State 10-1 (API No. 02-017-20130)

Irwin Olian, CEO of the Company, “We are very excited to be moving forward at this time with our helium drill program in Arizona and are looking forward to success.”

 

DESERT MOUNTAIN ENERGY COMMENCES DRILLING THE FIRST WELL OF ITS HELIUM 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 commenced drilling its first helium well in Arizona’s Holbrook Basin.  DME Well No. State 10-1 (API No. 02-017-20130) was spudded today in Navajo County in the central portion of the Basin.  The well is anticipated to be drilled to a total depth of approximately 2790 ft. The Company’s technical team has identified five potential target zones for helium bearing gas at varying depths.

According to Irwin Olian, CEO of the Company, “We are very excited to be moving forward at this time with our helium drill program in Arizona and are looking forward to success.”

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 MOBILIZING DRILL RIG FOR FIRST TWO WELLS OF ITS HELIUM 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 is now mobilizing heavy machinery, equipment and supplies for the initial two wells of its helium drill program in Arizona’s Holbrook Basin.  Included are the drill rig, swivel, various bits, blow-out protector, air compressors, casing, wiring, cement mix and pumping equipment, etc.  Much of this equipment is now on site and being readied for the commencement of drilling, which is anticipated to be on or about Wednesday, June 17, 2020.

Drake Well Service Inc., a highly experienced Southwest Regional drilling contractor that has been family-owned since 1963, has been contracted to drill the initial two wells. A crew of nine is now on site, with overall supervision by Robert Rohlfing, the Company’s Head of Exploration and Technical Operations.  It is anticipated that they will be drilling on a 24-hour schedule.

According to Irwin Olian, CEO of the Company, “Our drill program is in excellent hands and we look forward to positive results this Summer.”

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 CLOSES $651,350 PRIVATE PLACEMENT FINANCING

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 closed its non-brokered private placement previously announced on June 1, 2020 (the “Offering”), raising gross proceeds of CAD $651,350. Under the terms of the Offering, the Company issued 1,861,000 Units (the “Units”) at a price of CAD $0.35 per Unit.

Each Unit consists of one common share of the Company (each, a “Common Share”) and one-half of one share purchase warrant (each, a “Warrant”), with each whole Warrant allowing the subscriber to purchase one additional Common Share for a period of two years 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.  Accordingly, the Company issued a total of 1,861,000 Common Shares in the Offering as well as 930,500 whole Warrants.

The Company plans to use the proceeds of the Offering for exploration and development of the Company’s helium projects, including its upcoming drill program in Arizona and Oklahoma, as well as working capital and general corporate purposes.

In connection with the Offering, the Company paid aggregate finder’s fees of $27,513.50 in cash and issued 78,610 non-transferable finder’s Warrants, each of which is exercisable into one Common Share for a period of two years at a price of CAD $0.52 per Common Share.   All securities issued in connection with the Offering will be subject to a customary 4-month hold period pursuant to applicable Canadian securities laws.

According to Irwin Olian, CEO of the Company, “We greatly appreciate the support we have received from the investment community, particularly considering the difficult market environment at this time. We look forward to an exciting year in 2020 with drilling now planned to commence in Arizona shortly.”

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.