Soren Christiansen Joins Desert Mountain Energy Board of Directors

Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME) is pleased to announce that Soren Christiansen has joined the Board of Directors of the Company. He is a highly accomplished oil & gas industry professional who has served as a senior operations executive over a career spanning more than three decades.

Mr. Christiansen has overseen drilling and other oil field operations both onshore and offshore in all corners of the globe, including Alaska, Argentina, Australia, Canada, Chad, and the U.S. From 1987-1989, he supervised a five-well drill program on China’s Hainan Island as the first foreign operator onshore in China. From 1993 to 2006, he served as Team Leader and Drilling Manager for Canada-based Encana Corp., a leading international energy producer. Recently, he has been serving as Chairman & Director of EnerMad Corp., a private company developing the Grand Prix offshore oil prospect in Madagascar. Mr. Christiansen lives Calgary, AB and is a graduate of the University of Calgary, where he received a B.Sc. degree in Mechanical Engineering.

Mr. Christiansen replaces Ardito Martohardjono on the Company’s Board. Mr. Martohardjono resigned (see PR dated July 31, 2018) to accept a full-time position with Bureau Veritas Commodities Canada Ltd. In connection with the appointment of Mr. Christiansen, the Company has been granted him, subject to any necessary regulatory approvals, incentive stock options to purchase 125,000 shares of the Company’s common stock. These options are exercisable for a term of three years at the price of CAD $0.20 per share and are subject to the Company’s customary vesting provisions.

According to Irwin Olian, CEO of the Company, “We are delighted that Soren Christiansen has joined our Board of Directors. His experience and skillset will be invaluable to us as we commence our drilling and development programs in Arizona’s Holbrook Basin at Heliopolis, as well as in Oklahoma at the Kight Gilcrease Sand Unit. We are grateful Soren has chosen to support our efforts by joining our Board as a Director and we appreciate the confidence he is exhibiting in our new helium and oil & gas programs.

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. In addition, the Company owns the Yellowjacket Gold Project in Atlin, British Columbia, which it has recently 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: [email protected]
Tel:  +1-604-899-0100
Fax: +1-604-899-0200

Carrie Howes
Corporate Communications
Email: [email protected]
Telephone:
Dubai: +971 55 997 0427
London: +44 (0) 7780 602 788
Germany: +49 (0) 21141 740411
U.K.: +44 (0) 870 490 5443

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.

Ardito Martohardjono Resigns as a Director of Desert Mountain Energy

Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME) reports that Ardito Martohardjono has resigned his position as a Director of the Company in order to accept a full-time position with Bureau Veritas Commodities Canada Ltd. (“BV”), an international leader in testing, inspection and certification. That position precludes him from sitting on the board of directors or serving as an executive officer of any resource companies. BV has performed chemical assay tests on mineral samples for the Company over the years and we anticipate that relationship continuing in the future.

We wish to thank Ardito for his dedicated professional service to the Company and its predecessor Pan African Mining Corp. over the past fifteen years. He has been a loyal member of our Board whose contributions have been greatly appreciated. We will miss Ardito and wish him every success in his new professional endeavor.

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. In addition, the Company owns the Yellowjacket Gold Project in Atlin, British Columbia, which it has recently 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: [email protected]
Tel:  +1-604-899-0100
Fax: +1-604-899-0200

Carrie Howes
Corporate Communications
Email: [email protected]
Telephone:
Dubai: +971 55 997 0427
London: +44 (0) 7780 602 788
Germany: +49 (0) 21141 740411
U.K.: +44 (0) 870 490 5443

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 $640,500 First Tranche of Private Placement

Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME) is pleased to announce the closing of the first tranche of its previously announced non-brokered private placement which has raised gross proceeds of CAD $640,500. Under the terms of the private placement, the Company has issued 3,202,500 Units (the “Units”) at CAD $0.20 per Unit.

Each Unit consists of one common share of the Company and one-half of one share purchase warrant (the “Warrants”). Each whole Warrant entitles the holder to purchase one additional common share of the Company at an exercise price of CAD $0.30 until July 19, 2020.  The Company paid cash finders’ fees of CAD $19,740 representing 3.1% of the aggregate proceeds of the offering. The Units are subject to a 4-month hold period in Canada expiring November 20, 2018.

The Company expects to close the final tranche of this private placement within 30 days. Proceeds from the private placement will be utilized for exploration and development of the Company’s projects, working capital, and general corporate purposes.  

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.  In addition, the Company owns the Yellowjacket Gold Project in Atlin, British Columbia, which it has recently 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: [email protected]
Tel:  +1-604-899-0100
Fax: +1-604-899-0200

Carrie Howes
Corporate Communications
Email: [email protected]
Telephone:
Dubai: +971 55 997 0427
London: +44 (0) 7780 602 788
Germany: +49 (0) 21141 740411
U.K.: +44 (0) 870 490 5443

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 Acquires Further Tranche of 12,228 Acres of Strategic Helium Leases in Arizona’s Holbrook Basin

Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME) is pleased to announce that it has now acquired a further tranche of 12,228 acres under lease for helium, oil & natural gas from the Arizona Department of Land within the prolific Holbrook Basin of Eastern Arizona. The new leases are situated in Navajo, Apache and Coconino Counties. This now brings the Company’s total acreage under lease in the Basin to 36,702 acres. The Company initiated its exploration and land acquisition program in the Basin in the 4th quarter of 2017.

As noted in the Company’s PR dated February 28, 2018, two of the world’s richest historic producing helium gas fields, the Pinta Dome and the Navajo Springs, are situated in this region. They are noted for their exceptionally high grades of helium gas produced ranging up to 8%-10% versus the industry benchmark of 0.3% to 1% for commercial grade. The new leases are highly prospective for helium as well as oil & natural gas. They bring to six the total number of distinct areas over which leases have now been secured by the Company in the Holbrook Basin. This latest tranche of leases adds acreage to the Company’s flagship Heliopolis area in Coconino County, as well as adding three additional areas in the NE portion of the Basin in the vicinity of the Pinta Dome Field. The new areas are characterized by anticlinal features, monoclines and other geological structures with surface expression, together with reservoir rocks and salt and anhydrite caprocks, giving them potential to serve as trapping mechanisms for commercially significant helium reservoirs.

Approximately 800 acres of the new leases are in Apache County in an area called the Chambers Area, which is situated in the NE corner of the Holbrook Basin approximately 9 miles NE of the prolific Pinta Dome Field and below the Defiance Uplift. This area is characterized by stratigraphic traps and appears to be highly prospective.

Approximately 6428 acres of the new leases are in Navajo County in an area called the Woodruff East Area, which is situated in the NE corner of the Holbrook Basin approximately 12 mi S-SW of the Pinta Dome Field. It is characterized by the presence of one anticlinal feature.

Approximately 2400 acres of the new leases are in Navajo County in an area called the Woodruff Southeast Area, which is situated in the NE corner of the Holbrook Basin approximately 15 mi SW of the Pinta Dome Field. It is characterized by the presence of one anticlinal feature. This area underwent some Potash exploration decades ago. According to published reports, a potash test well in this area called Arkla Exploration No. 7-State blew out while drilling, suggesting high gas pressure attributed to salt movement in the Basin.

The remainder of approximately 2600 acres of the new leases are in Coconino County contiguous to the Company’s existing leases in the area called Heliopolis. This area, which is the Company’s flagship area for helium exploration, now comprises an aggregate of 18,234 acres. It has two large anticlinal features, excellent cap rock and is characterized by the prolific Coconino sandstone reservoir rocks.

According to Irwin Olian, CEO of the Company, “We are extremely gratified to have been able to acquire three major tranches of leases for helium, oil & gas in the Holbrook Basin, which now cover 36,702 acres in six discreet structural areas throughout the Basin. Headed by our flagship Heliopolis area, these areas are highly prospective for helium gas and appear to possess the structural prerequisites to serve as effective trapping mechanisms. In assembling our land package in Arizona, we have been mindful to avoid all National Parks, National Monuments and State Parks, as well as areas of sensitivity to the Native-Americans, including known Indian ruins, caves, burial grounds and other archeological sites. The Company was originally a spin-off from Pan African Mining Corp., which had the largest mineral exploration portfolio in Madagascar, where our management team successfully developed three projects in one of the world’s most sensitive eco-systems in concert with the local communities. That experience has given our team considerable sensitivity to environmental and social issues and we are committed to bringing that same conscientious approach to working in harmony with Arizona’s environment and indigenous peoples.”

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. In addition, the Company owns the Yellowjacket Gold Project in Atlin, British Columbia, which it has recently 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: [email protected]
Tel:  +1-604-899-0100
Fax: +1-604-899-0200

Carrie Howes
Corporate Communications
Email: [email protected]
Telephone:
Dubai: +971 55 997 0427
London: +44 (0) 7780 602 788
Germany: +49 (0) 21141 740411
U.K.: +44 (0) 870 490 5443

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 Announces Private Placement

Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME) is pleased to announce a non-brokered private placement offering to raise gross proceeds of up to CAD $1,500,000. Under the terms of the private placement, the Company will offer for sale up to 7,500,000 Units (the “Units”) at CAD $0.20 per Unit. The Company may, in its discretion, increase the size of this offering by up to 20% to a maximum of 9,000,000 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. The exercise price shall be CAD $0.30 per Share. Proceeds from the private placement will be utilized for exploration and development of the Company’s projects, working capital, and general corporate purposes.

The Company may, in its discretion, pay a cash finder’s fee of up to 7% of the total gross proceeds of the offering where applicable.

The Units issued upon the closing of the private placement will be subject to a 4-month hold period. 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. In addition, the Company owns the Yellowjacket Gold Project in Atlin, British Columbia, which it has recently 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: [email protected]
Tel:  +1-604-899-0100
Fax: +1-604-899-0200

Carrie Howes
Corporate Communications
Email: [email protected]
Telephone:
Dubai: +971 55 997 0427
London: +44 (0) 7780 602 788
Germany: +49 (0) 21141 740411
U.K.: +44 (0) 870 490 5443

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 Acquires Additional 12,219 Acres of Strategic Helium Leases in Arizona’s Holbrook Basin, Including Zone with Original Discovery Well

Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME) is pleased to announce that it has now acquired an additional 12,219 acres under lease for helium oil & natural gas from the Arizona Department of Land within the prolific Holbrook Basin of Eastern Arizona. The new leases are situated in Navajo and Coconino counties. This brings the Company’s total acreage under lease in the Basin to 24,475 acres. Additional leases are pending approval. As noted in the Company’s PR dated February 28, 2018, two of the world’s richest historic producing helium gas fields, the Pinta Dome and the Navajo Springs, are situated in this region. They are noted for their exceptionally high grades of helium gas produced ranging up to 8% and more versus the industry benchmark of 0.3% to 1% for commercial grade. The new leases are highly prospective for helium as well as oil & natural gas. They are characterized by geologic anticlinal features with multiple anhydrite cap rock and salt trapping mechanisms, analogous to those typically associated with existing helium wells found in the Holbrook Basin.

Approximately 3379 acres of the new leases are in Coconino County in the same highly prospective area as the Company’s initial 12,256 acres under lease. This area, which now comprises an aggregate of 15,635 acres, has been named Heliopolis. It has two large anticlinal features, excellent cap rock and is characterized by the prolific Coconino sandstone reservoir rocks. It is a prime focal point of the Company’s exploration efforts in the Holbrook Basin.

Approximately 6400 acres of the new leases are in Navajo County in an area called the Great Basin Zone, which includes Arizona’s original helium discovery well (Great Basin Oil #1) which was drilled in 1927 approximately 4 miles SW of the town of Holbrook and 14 miles E of Heliopolis in the Holbrook Basin. That well was an oil test drilled into the Tapeats Sandstone (Cambrian Age) at a depth of 3500 feet with a reported gas flow containing 1.12% helium. Helium was of little interest at that time so the well was not produced and the offsetting ground was not explored. The Great Basin Zone encompasses 3 anticlinal features and is viewed as a high priority target for exploration and drilling.

The remaining approximately 2440 acres of the new leases are also in Navajo County in an area called the Winslow Zone. They include offsetting properties to the Webb Resources Well 25-1 drilled 5 miles N of Winslow, which reported numerous showings of helium from a depth of 27 feet. This well was drilled directly into a major fault structure expressed on surface and the Company is targeting a SW-NE trending zone just off the E side of the fault following the strike and dip. This Zone has 11 stratigraphic zones prospective for helium, oil & gas.

According to Irwin Olian, CEO of the Company, “Our new leases acquired in Arizona’s prolific Holbrook Basin include Arizona’s original discovery well for helium and other showings of helium in drill logs. They expand Heliopolis and also give the Company two additional zones to the East, the Great Basin Zone and the Winslow Zone. We are very excited with our property package in the Holbrook Basin and see this as a great opportunity for the Company.”

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. In addition, the Company owns the Yellowjacket Gold Project in Atlin, British Columbia, which it has recently 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: [email protected]
Tel:  +1-604-899-0100
Fax: +1-604-899-0200

Carrie Howes
Corporate Communications
Email: [email protected]
Telephone:
Dubai: +971 55 997 0427
London: +44 (0) 7780 602 788
Germany: +49 (0) 21141 740411
U.K.: +44 (0) 870 490 5443

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 Sells Its Placer Mining Interests at Atlin, B.C.

Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME) is pleased to announce that it has sold its placer mining tenures in the Atlin, B.C. mining camp to Altan Mining Ltd., of Delta, B.C. (“Altan”). The tenures sold were comprised of Placer Lease 361733, Placer Claim 350665 and Placer Claim 379882 (collectively, the “Placer Interest”) covering an aggregate of approximately 466.15 hectares at the Yellowjacket Gold Project in the Pine Creek Area, 9 km E of Atlin.

Altan is controlled by Mr. Matt Norris, who has been exploring and mining portions of the Placer Interest for the past two seasons under a lease arrangement with the Company. Management of the Company has concluded that it is in the best interests of the Company and its shareholders to divest the Placer Interest at this time, as placer mining is not a business objective of the Company. Altan is paying the Company $75,000 in cash for the Placer Interest and reimbursing the Company for the 2018 lease fees paid by the Company in respect of Placer Lease 361733. The Company retains full ownership and control of the Yellowjacket Gold Mine and related hard-rock tenures.

The Company and Mr. Norris have had a very positive working relationship over the past two seasons and are committed to a cooperative relationship that includes information sharing. In recognition of the Company’s paramount rights to the Yellowjacket Gold Mine and related hard-rock tenures, Altan’s activities are subject to certain reasonable restrictions and the Company retains an absolute right of pre-emption if necessary to avoid conflict with the Company’s exploration, development and/or mining activities on site.

According to Irwin Olian, CEO of the Company, “Divestment of the Atlin placer tenures is a further step in the new direction being pursued by the Company as reflected in its acquisition of the Heliopolis helium project in Arizona’s Holbrook Basin the Kight Gilcrease Sand Unit Oil Field in Oklahoma. We will continue to hold the Yellowjacket Gold Mine as a portfolio asset while attempting to realize value from it in the future for the benefit of our shareholders.”

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. In addition, the Company owns the Yellowjacket Gold Project in Atlin, British Columbia, which it has recently 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: [email protected]
Tel:  +1-604-899-0100
Fax: +1-604-899-0200

Carrie Howes
Corporate Communications
Email: [email protected]
Telephone:
Dubai: +971 55 997 0427
London: +44 (0) 7780 602 788
Germany: +49 (0) 21141 740411
U.K.: +44 (0) 870 490 5443

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.

Greg Nowak Joins Desert Mountain Energy’s Technical Team

Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME) Gregory Nowak, PGeo, has joined Desert Mountain Energy Corp.’s technical team as a senior consulting geologist to provide exploration services in connection with the company’s Heliopolis helium project in Arizona’s Holbrook basin and its Kight Gilcrease sand unit oil field in Seminole county, Oklahoma.

Mr. Nowak has more than 30 years experience as an exploration geologist primarily in oil and gas, gold, uranium, and base metals exploration. He has extensive oil and gas experience in the Permian basin of West Texas and southeastern New Mexico, the Texas-Louisiana-Mississippi-Alabama Gulf Coast, and the Williston basin of Montana, where he was the petroleum geologist in charge of prospect screening, project generation, well site geology, drill log interpretation and planning of development wells. As exploration manager in Africa for Golden Star Resources and Ashanti Goldfields, he planned and conducted mineral field exploration and drilling projects throughout the West Africa subregion, including Ghana, Ivory Cost, Burkina Faso, Mali, Sierra Leone and Liberia. He has also worked as an exploration geologist in the Western United States, Canada, South America and the Mid-East.

Mr. Nowak received his MS degree in geology from the Mackay School of Mines at the University of Nevada, Reno. He is a certified professional geologist (CPG No. 10864) of the American Institute of Professional Geologists (AIPG), a fellow of the Society of Economic Geologists (SEG), and he is a qualified person as defined by National Instrument 43-101.

According to Irwin Olian, chief executive officer of the company: “We are delighted that Greg Nowak has joined our Desert Mountain team as a senior geologist to provide value added to our helium and hydrocarbon projects in Arizona and Oklahoma. He has a wealth of experience and outstanding credentials that will make him a valuable member of our professional staff. Greg previously served the company in Ghana as manager of our Noyem-Nyafoman gold project prior to its successful sale. His presence underscores the deep quality of our world-class technical team.”

About Desert Mountain Energy
The company is an exploratory resource company engaged in exploration and development of helium, oil and gas, and mineral properties in the southwestern United States. In addition, the company owns the Yellowjacket gold project in Atlin, B.C., which it has recently been developing. The company has its executive offices in Vancouver, Canada.

We seek Safe Harbor.

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: [email protected]
Tel:  +1-604-899-0100
Fax: +1-604-899-0200

Carrie Howes
Corporate Communications
Email: [email protected]
Telephone:
Dubai: +971 55 997 0427
London: +44 (0) 7780 602 788
Germany: +49 (0) 21141 740411
U.K.: +44 (0) 870 490 5443

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.

African Queen Name Change to Desert Mountain and Rollback

Vancouver, British Columbia — The following bulletin was released by the TSX Venture Exchange:

  • African Queen name change to Desert Mountain, rollback
  • African Queen Mines Ltd (C:AQ)
  • Shares Issued 114,216,051
  • Last Close 4/6/2018 $0.03
  • Friday April 6 2018 – Change Name, Roll Back Shares
  • Also Desert Mountain Energy Corp (C:DME) New Listing

Pursuant to a directors’ resolution dated March 8, 2018, the company has consolidated its capital on a one-new-for-four-old basis. The name of the company has also been changed as follows.

Effective at the opening, April 10, 2018, the common shares of Desert Mountain Energy Corp. will commence trading on the TSX Venture Exchange, and the common shares of African Queen Mines Ltd. will be delisted. The company is classified as a mineral exploration/development company.

Postconsolidation

  • Capitalization: unlimited shares with no par value, of which 28,554,012 shares are issued and outstanding Escrow: nil
  • Transfer agent: TSX Trust Company
  • Trading symbol:DME (new)
  • Cusip No.:25043D107 (new)

© 2018 Canjex Publishing 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: [email protected]
Tel:  +1-604-899-0100
Fax: +1-604-899-0200

Carrie Howes
Corporate Communications
Email: [email protected]
Telephone:
Dubai: +971 55 997 0427
London: +44 (0) 7780 602 788
Germany: +49 (0) 21141 740411
U.K.: +44 (0) 870 490 5443

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.

African Queen Mines Acquires Key Helium Leases in Arizona’s Prolific Holbrook Basin

Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce that its wholly-owned U.S. subsidiary DESERT ENERGY CORP (“Desert Energy”) has now acquired 12,256 acres under lease for helium, oil & natural gas from the Arizona Department of Land within the prolific Holbrook Basin of Eastern Arizona. An additional 12,041 acres of leases are pending approval. Two of the world’s richest historic producing helium gas fields, the Pinta Dome and the Navajo Springs, are situated in this region. They are noted for their exceptionally high grades of helium gas produced, ranging up to 8% and more versus the industry benchmark of 0.3% to 1% for commercial grade. As previously announced (PR January 31, 2018), Desert Energy was formed by the Company to engage in exploration and development of oil & gas and mineral properties in the Southwestern United States and will be operating as a separate division of the Company. It recently signed a definitive agreement to acquire the Kight Gilcrease Sand Unit oil & gas project in Oklahoma (PR February 19, 2018).

Helium has many unique characteristics which lend itself to diverse strategic uses in our growing high tech economy. It is a small atom, extremely mobile, with a very low boiling point and it is completely inert. It now plays a critical role in the manufacture of semiconductors, LCD panels and fibre optic cable; as a refrigerant in cryogenics research; as a coolant for nuclear reactors, MRI machines and space vehicles; as a shield gas for welding; for leak detection in high pressure piping systems; mixed with oxygen to produce a safe breathing gas for divers; and as a lighter than air lifting gas. Helium has now emerged as the” high tech rare gas” of today’s economy. Current world demand is approaching 8 Billion cubic feet of gas per year. Surging demand has caused He prices to double in the past ten years to over U.S. $164 per mcf, with many private sales at considerably higher prices. The U.S. used to account for over half of world-wide production, but has now fallen to approximately 32%, with Qatar providing approximately 25%. Other major producers include Algeria.

There is a global He shortage despite continued liquidation of helium inventories by the U.S. Government from its National Helium Reserve. Within another two-three years, that Reserve is projected to be essentially exhausted and the U.S Government will have ended decades of active involvement in the He business. That should lead to further acceleration of price increases for He commensurate with the growing demands of our high tech economy.

The leases acquired by Desert Energy in the Holbrook Basin are highly prospective for helium as well as oil & natural gas. They are situated within Coconino County in NE Arizona. The leases are characterized by a geologic anticlinal feature with multiple anhydrite cap rock and salt trapping mechanisms, analogous to those typically associated with existing He wells found in the Holbrook Basin. Helium being one of the smallest molecules, it has an inherent ability to move or migrate through almost all known rock formations such as shales and dissipate naturally. Therefore, to find it in commercial quantities there must be a series of trapping mechanisms. The draping effect of the Anhydrite and Halite layers coupled with faulting on three sides, (SW/NE on two sides and a NE/SW on the northern side,) serve to provide the trapping mechanisms on Desert Energy’s leases. These same trapping mechanisms can also serve to trap oil and other natural gases. The makeup of the reservoir rocks in this area is typically a combination of sandstone and vuggy dolomites. Relatively shallow wells of approximately 3850 ft total depth would be likely to encounter He gas from 3250 to 3450 ft in the Mississippian limestones associated with dolomites. Oil and natural gas would likely be found in the Devonian Sands between 3700 and 3800 ft.

Helium has two potential sources, primordial (i.e., part of the original formation of the Earth), or radioactive decay of Uranium and Thorium in the Earth’s crust. Both mechanisms could potentially have contributed to the presence of He in the Holbrook Basin. Most production of He in the United States is derived from natural gas fields. It is initially processed as a crude Helium product, which varies from 50% to 80% He, and is ultimately purified into a Grade-A He product which is 99.995% or better. Most He is shipped as liquid to distribution centers in trucks where it is sold as bulk liquid helium, then gasified and compressed into tanks or small cylinders for delivery to end users.

According to Irwin Olian, CEO of the Company, “We are very excited to have acquired strategic leases in Arizona’s Holbrook Basin for helium, oil and natural gas. As an early mover among junior explorers in the He space in one of the world’s greatest addresses for helium, the Company is well positioned to participate in future growth of He in our high tech economy.”

About African Queen
The Company is an exploratory resource company engaged in exploration and development of mineral properties in Canada. In addition, its wholly-owned U.S. subsidiary Desert Energy Corp. is engaged in exploration and development of oil and gas and mineral properties in the Southwestern United States. The Company has recently been focusing on development of its Yellowjacket Gold Project in Atlin, British Columbia, which covers an aggregate of approximately 291.54 km2. The Company has its executive offices in Vancouver, Canada. The Company was incorporated under the laws of the Province of British Columbia, Canada, on April 30, 2008, and 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.

We seek Safe Harbor.

On Behalf of the Board of Directors of African Queen Mines Ltd.

“Irwin Olian”
Irwin Olian
Chairman & CEO

For more information, contact:

Irwin Olian
President and CEO
E-mail: [email protected]
Tel:  +1-604-899-0100
Fax: +1-604-899-0200

Carrie Howes
Corporate Communications
Email: [email protected]
Telephone:
Dubai: +971 55 997 0427
London: +44 (0) 7780 602 788
Germany: +49 (0) 21141 740411
U.K.: +44 (0) 870 490 5443

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.