Desert Mountain Energy Acquires Additional 3040 Acres of Strategic Helium Leases in Arizona’s Holbrook Basin From the U.S. Bureau of Land Management

Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME) has acquired an additional 3,040 acres under lease for helium, oil and natural gas in the prolific Holbrook basin of eastern Arizona. The leases were acquired at auction from the Bureau of Land Management of the U.S. Department of the Interior (BLM). The new leases are situated in Navajo county, Arizona, in relatively close proximity to the prolific Pinta dome field, which with related nearby fields produced in excess of 9.2 billion cubic feet of helium gas grading 8 to 10 per cent He from 1961 to 1976. This now brings the company’s total acreage under lease in the basin to 39,742 acres when added to the 36,702 acres already under lease from the Arizona Department of Land. The company initiated its exploration and land acquisition program in the basin in the fourth quarter of 2017.

The new leases are highly prospective for helium as well as oil and natural gas. They bring to seven 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 existing Woodruff east area as well as establishing a new area called Pinta dome north. The leases 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 2,400 acres of the new leases, comprising BLM lease parcel ID AZ-2018-09-0386, are in Navajo county in an area called the Woodruff east area, bringing to 8,828 acres the company’s aggregate lease holdings in this area. It is situated in the northeastern corner of the Holbrook basin approximately 12 miles south-southwest of the Pinta dome field. These new leases directly offset two historic blowout gas wells, NMA No. 10 and NMA No. 37, providing the company with the next permitted well locations under applicable regulations. The reported pressures encountered on each of these two blowout wells is consistent with the pressures initially found on the primary Pinta dome field wells.

Approximately 640 acres of the new leases, comprising BLM lease parcel ID AZ-2018-09-0418, are located in Navajo county on the north side of the Pinta dome field in an area called Pinta dome north. One portion of this lease parcel is located within the same section only 2,500 feet from where the historic Kerr-McGee 1-28 state well was drilled in the southeastern portion of the section. Production records show that the Kerr-McGee state 1-28 well cumulatively produced 804,961,000 cubic feet of helium over a 15-year period. At the recent BLM auction price of $279 (U.S.) per 1,000 cubic feet of crude helium, that would equate to a current gross value of approximately $225-million (U.S.). Management cautions that there can be no guarantee that future results from offsetting wells will be the same as or similar to historic results. The other lease acreage directly offsets the Kerr-McGee No. 4 state well, which cumulatively produced 48,233,000 cubic feet of helium. Records clearly show both the KM No. 4 state and KM state 1-28 wells were part of the 11 wells comprising the original Pinta dome field.

According to Irwin Olian, chief executive officer of the company: “We are very excited to have been able to acquire these new leases in the Holbrook basin from the BLM, which now brings our aggregate lease holdings in the Holbrook basin to 39,742 acres in seven discrete structural areas throughout the basin. This gives us a lot of drilling options and we are presently at work prioritizing our targets for further exploration and drilling. Our He targets are relatively shallow, permitting us to drill simple vertical wells at low cost with low profile above ground and minimal environmental impact. Consistent with our prior activities in North America and Africa, our team continues to be highly sensitive to environmental and social issues and is designing our work programs to be minimally intrusive.”

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

Carrie Howes
Corporate Communications
Email: carrie@desertmountainenergy.com
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 Second Tranche of Private Placement Financing

Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME) is pleased to announce that it has arranged a non-brokered private placement of up to CAD $859,500. This financing constitutes the second tranche of the CAD $1,500,000 private placement previously announced on June 7, 2018, of which the first tranche closed on July 19, 2018, raising CAD $640,500. Under the terms of the second tranche of the private placement, the Company will offer for sale up to 4,297,500 Units (the “Units”) at CAD $0.20 per Unit. The Company anticipates the second tranche of the private placement will close by October 26, 2018. In its discretion, the Company may increase the size of the offering by up to 20% to a maximum of 9,000,000 Units in aggregate for the entire private placement.

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 second tranche of 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 second tranche of the private placement will be subject to a 4-month hold period. The second tranche of 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:  +1-604-899-0100
Fax: +1-604-899-0200

Carrie Howes
Corporate Communications
Email: carrie@desertmountainenergy.com
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 Results of Recent Helium Auction by the U.S. Bureau of Land Management Which Reflected Surging Helium Prices

Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME) reports that the recently concluded FY 2019 Crude Helium Auction by the U.S. Bureau of Land Management (“BLM”) reflected surging prices in the world Helium market. The auction took place in Amarillo, TX, site of the National Helium Reserve, on August 31, 2018. It was the fifth such auction by the BLM since passage of the Helium Stewardship Act of 2013. The average price per Mscf (thousand square cubic feet) of crude helium jumped to $279.95 from $119.31 in last year’s FY 2018 auction, reflecting an approximate 135% increase year-to-year. 210 MMscf (million square cubic feet) of crude helium was sold in a total of 12 lots. Prices for Grade A processed helium to distributors and end-users are expected to be even higher due to the processing costs involved. It is not clear to what extent wholesale and retail prices going forward will maintain or exceed these levels.

The FY 2019 crude helium auction is the last auction anticipated to be carried out by the BLM. Helium reserves in the National Helium Reserve are expected to decline to the minimum level of 3 Bscf (billion square cubic feet) mandated by legislation, which will effectively put an end to the sales.

According to Irwin Olian, CEO of the Company, “The Helium shortage which exists today is well-publicized throughout the industry and we have been expecting increases in Helium prices. The magnitude of this current jump is surprising, however, as it significantly exceeds increases that were anticipated. It appears to be a reflection of the fact prices at prior auctions may have been somewhat suppressed artificially and that the discontinuance of BLM auctions is sending fears throughout the market of further sharp increases. We are moving forward with our development plans in Arizona’s Holbrook Basin as expeditiously as possible.”

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

Carrie Howes
Corporate Communications
Email: carrie@desertmountainenergy.com
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 Commences Diamond Drilling at Gold Run Prospect at Its Yellowjacket Gold Project

Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce that it has commenced diamond drilling at the Gold Run prospect at its Yellowjacket Gold Project (“the Project”) located 9 km east of Atlin, BC. This initial drilling comprises up to 2000 m of core drilling as part of the Company’s 2017 exploration program at the Project. Gold Run is located approximately 1.3 kilometres east of the Company’s Yellowjacket mine site along Pine Creek. This area was central to the historic gold rush in Atlin which began in 1897 and resulted in the creation of the mining boom town of Discovery during its heyday in the early 1900’s.

Earlier this season, one of the leading placer mining operators in the Atlin District identified a portion of an apparently virgin paleo channel of the original creek at Gold Run which had been overlooked by previous miners. The placer gravels, sometimes extending to a depth of up to 15 m, have now become the site of a sizeable, mechanized placer mining operation on ground which overlays the Company’s hard rock mineral claims at Gold Run. Our geological model for the Atlin District suggests a strong likelihood that structural faults in the bedrock below and in the vicinity of the ancient creek channel may be conduits for gold-bearing solutions. Accordingly, we are planning to test these faults for the presence of gold mineralization in our current drill program with a number of fences consisting of 3 to 4 drill holes, with depths of 100 to 150 m along an E-W strike of up to 1000 m.

Historic drilling by previous operators at the Yellowjacket Gold Mine site, including Homestake Mineral Development Corp., Muskox Minerals Ltd. and Prize Mining Corp., has traced the known Yellowjacket gold mineralized zone for approximately 300 to 350 m strike length along a fault-bounded E-W structure associated with Pine Creek (the Pine Creek Fault). Within this zone, previous operators have reported numerous drill holes with elevated gold intersections from bedrock surface to a depth of approximately 140 m.

The primary objective of the current drill program is to test the E-W trending fault structures, associated with the mineralized Pine Creek Fault, at the Gold Run prospect in order to determine whether there is a continuation of the historic high-grade gold mineralization into this area.

According to Irwin Olian, CEO of the Company, “We are very excited to be drilling at Gold Run now and hope to make a new hard rock discovery that may have been associated with the sizeable placer deposits which have been mined along Pine Creek for nearly 120 years.”

Drill core samples will be shipped to Bureau Veritas Minerals (Acme Labs) in Whitehorse for sample preparation and then forwarded to Vancouver for analyses. Initial results of the program are expected to be available within approximately 60 days. Drilling is being undertaken by a highly experienced, Atlin-based drilling professional utilizing a 2016-built Zinex Mining diamond drill rig mounted in a custom drill shack with rod handling capabilities. It is anticipated that NQ and HQ core will be utilized as deemed advisable. Further targets will be developed and additional drilling will be undertaken on a result contingent basis.

The Company now controls 51 mineral claims, 3 placer claims and one placer lease covering an aggregate of 291.54 km2 of strategic ground in the historically significant placer mining areas associated with many of the major creeks in the Atlin District. The permitted Yellowjacket Gold Mine is included within these tenures. The preponderance of its tenures is comprised of mineral claims covering structural trends within lithologies favourable for hosting hard rock gold deposits.

Linda Dandy, P.Geo., a Qualified Person within the meaning of N.I. 43-101, has reviewed and approved the technical portions of this news release. Ms. Dandy is providing on site supervision and guidance at the Project. She previously oversaw exploration activities on the Project for the Company in 2016 as well as for a predecessor operator. Overall project leadership at Yellowjacket is being provided by Dr. Reinhard Ramdohr, who also was on site in 2016 and is present on site at this time.

About African-Queen
CoCCThe Company is an exploratory resource company engaged in exploration and development of mineral properties in Canada and Africa. It is presently 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: tigertail@africanqueenmines.com
Tel:  +1-604-899-0100
Fax: +1-604-899-0200

Carrie Howes
Corporate Communications
Email: carrie@africanqueenmines.com
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 Targets Gold Run Prospect for Drilling at Yellowjacket Gold Project

Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce that it is now in final preparation for its 2017 core drilling program at the Yellowjacket Gold Project located 9 km east of Atlin, BC. After reviewing several prospective zones on its tenures, the company has prioritized the Gold Run prospect for initial drilling this season. Gold Run is the term given to the historic gold placer mining area located to the east of the Company’s Yellowjacket mine site along Pine Creek. The Gold Run area was central to the historic gold rush in Atlin which began in 1898 and resulted in the creation of the mining boom town of Discovery during its heyday in the early 1900’s.

Earlier this season, one of the leading placer mining operators in the Atlin District made a significant new discovery at Gold Run of an apparently virgin paleo channel of the original creek which had been overlooked by previous miners. The placer gravels have now become the site of a sizeable, mechanized placer mining operation on ground which overlays the Company’s hard rock mineral claims in the area. Our geological model for the Atlin District suggests a strong likelihood that structural faults in the bedrock below and in the vicinity of the ancient creek channel may be conduits for gold-bearing solutions. Gold Run lies along the well-developed Pine Creek Fault, a major structure known to host high grade gold mineralization at the Yellowjacket Mine. Accordingly, the Company is planning to test the prospective fault structures in our upcoming drill program with a number of drill holes along an initial one km strike.

The Company now controls 51 mineral claims, 3 placer claims and one placer lease covering an aggregate of 291.54 km2 of strategic ground in the historically significant placer mining areas associated with many of the major creeks in the Atlin District. The permitted Yellowjacket Gold Mine is included within these tenures. The preponderance of its tenures is comprised of mineral claims covering structural trends within lithologies favourable for hosting hard rock gold deposits. Further details of the upcoming drill program will be announced upon commencement of drilling.

Linda Dandy, P.Geo., a Qualified Person within the meaning of N.I. 43-101, has reviewed and approved the technical portions of this News Release. Ms. Dandy is providing on site supervision and guidance at the Project. She previously oversaw exploration activities on the Project for the Company in 2016 as well as for a predecessor operator. Overall project leadership at Yellowjacket is being provided by Dr. Reinhard Ramdohr, who also was on site in 2016 and is present on site at this time.

About African-Queen
The Company is an exploratory resource company engaged in exploration and development of mineral properties in Canada and Africa. It is presently 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: tigertail@africanqueenmines.com
Tel:  +1-604-899-0100
Fax: +1-604-899-0200

Carrie Howes
Corporate Communications
Email: carrie@africanqueenmines.com
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 Sale of Its Yellowjacket Gold Project and Atlin, B.C. Properties to Brixton Metals

Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME) is pleased to announce that it has now closed the sale of all of its right, title and interest in the Yellowjacket Gold Project and related mineral tenures in the Atlin, B.C. mining camp (the “Property”) to Brixton Metals Corporation (TSX.V: BBB) (“Brixton”), pursuant to the Asset Purchase and Sale and Royalty Agreement dated August 3, 2018, between the parties (the “Agreement”).

Under the terms of the Agreement, the Company has sold to Brixton all of the Company’s mineral claims in the Property, comprising 51 claims covering an area of approximately 28,589.76 hectares, which encompasses the permitted Yellowjacket Gold Mine in the Pine Creek Area 9 km E of Atlin, as well as other hard-rock claims in the district deemed to be highly prospective exploration targets for gold mineralization. The Company has also released its interest in and requested the B.C. Ministry to transfer for the benefit of Brixton all of the Company’s rights to: (i) the Reclamation Bonds which are held in trust by the Government of B.C. in respect of the Property, aggregating approximately $172,051; and (ii) the Mines Act Permit issued for the Yellowjacket Gold Mine, # M-235, RSBC 1996, c 293, as amended, together with certain other exploration and environmental permits relating to the Property. The Company has also transferred to Brixton all documents, data, reports, studies, drill core, assays and other technical information relating to the Property.

In consideration for all of the above, Brixton has paid to the Company the sum of $50,000 in cash and has issued to the Company 4,300,000 fully paid and non-assessable Common Shares of Brixton. Said Shares bear a legend imposing a trading restriction as follows: (i) as to 1 Million Shares, 6 months from closing; (ii) as to 1 Million Shares, 12 months from closing; (iii) as to 1 Million Shares 18 months from closing; and (iv) as to 1.3 Million Shares 24 months from closing. In addition, Brixton has agreed to pay to the Company a 1.0% net smelter returns royalty (NSR) on all ore produced from the Property in perpetuity, subject to a right of repurchase by Brixton for the sum of $1.25 Million in cash at any time up to 90 days following initial commercial production from the Property.

In a separate transaction, the Company has sold to Brixton all equipment and supplies on site for nominal consideration. Any future disposition will entail significant expenses on the part of Brixton in disassembling, loading and transportation of the equipment and supplies and disposing of waste material.

According to Irwin Olian, CEO of the Company, “We are delighted to have concluded sale of the Yellowjacket Gold Project and our other Atlin, B.C. assets to Brixton at this time. It allows the Company to devote its personnel and limited financial resources to development of its energy projects in the Southwest U.S., with immediate focus on our Heliopolis helium and oil & gas project in Arizona’s Holbrook Basin, where we now own 36,706 acres of highly prospective leases. We believe Gary Thompson and his capable technical team at Brixton are now well positioned to achieve success with development of a regional scale hard-rock gold project in the Atlin camp and wish them all the best for success in this endeavor. The Company is retaining a significant equity interest in the Property through ownership of a sizeable position in Brixton’s Common Shares as well as the 1% NSR payable to the Company. At the same time, the Company is relieved of further costs associated with exploration, development, care and maintenance of the Property. This deal certainly appears to be an excellent deal for both companies.”

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

Carrie Howes
Corporate Communications
Email: carrie@desertmountainenergy.com
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 Enters Into Agreement to Sell Its Yellowjacket Gold Project and Atlin, B.C. Properties to Brixton Metals

Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME) is pleased to announce that it has signed a binding Asset Purchase and Sale and Royalty Agreement (the “Agreement”) with Brixton Metals Corporation (TSX.V: BBB) (“Brixton”), pursuant to which it is selling all of its right, title and interest in the Yellowjacket Gold Project and related mineral tenures in the Atlin, B.C. mining camp (the “Property”) to Brixton on the terms and conditions set forth therein.

Under the terms of the Agreement, the Company has agreed to sell to Brixton and Brixton has agreed to purchase, all of the Company’s title and interest in all of its mineral claims in the Property, comprising 51 claims covering an area of approximately 28,589.76 hectares, which encompasses the permitted Yellowjacket Gold Mine in the Pine Creek Area 9 km E of Atlin, as well as other hard-rock claims in the district deemed to be highly prospective exploration targets for gold mineralization. The Company previously sold its placer mining tenures in the Atlin mining camp to Altan Mining Ltd., of Delta, B.C. (see PR dated May 8, 2018).

The Company has also agreed to release and transfer to Brixton all of the Company’s rights to: (i) the Reclamation Bonds which are held in trust by the Government of B.C. in respect of the Property, aggregating approximately $172,051; and (ii) the Mines Act Permit issued for the Yellowjacket Gold Mine, # M-235, RSBC 1996, c 293, as amended, together with certain other exploration and environmental permits relating to the Property. The Company is also transferring to Brixton all documents, data, reports, studies, drill core, assays and other technical information relating to the Property.

In consideration for all of the above, Brixton has agreed to pay to the Company on closing the sum of $50,000 in cash and to issue to the Company on closing 4,300,000 fully paid and non-assessable Common Shares of Brixton. Said Shares shall bear a legend imposing a trading restriction as follows: (i) as to 1 Million Shares, 6 months from closing; (ii) as to 1 Million Shares, 12 months from closing; (iii) as to 1 Million Shares 18 months from closing; and (iv) as to 1.3 Million Shares 24 months from closing. In addition, Brixton has agreed to pay to the Company a 1.0% net smelter returns royalty (NSR) on all ore produced from the Property in perpetuity, subject to a right of repurchase by Brixton for the sum of $1.25 Million in cash at any time up to 90 days following initial commercial production from the Property.

In a separate transaction, the Company is selling to Brixton all equipment and supplies on site for nominal consideration. Any future disposition will entail significant expenses in disassembling, loading and transportation of the equipment and supplies and disposing of waste material.

According to Irwin Olian, CEO of the Company, “We believe this sale of the Yellowjacket Gold Project and our Atlin tenures is a very favorable transaction for both the Company and Brixton. It allows the Company to devote its personnel and limited financial resources to development of its energy projects in the Southwest U.S., with immediate focus on our Heliopolis helium and oil & gas project in Arizona’s Holbrook Basin, where we now own 36,706 acres of highly prospective leases. This has become the new priority for the Company. The sale to Brixton allows the Company to retain a significant equity interest in the Property through ownership of a sizeable position in Brixton’s Common Shares as well as the 1% NSR payable to the Company. At the same time, the Company is relieved of further costs associated with exploration, development, care and maintenance of the Property. From the standpoint of Brixton, it allows Brixton to assemble and consolidate the predominant land package in the Atlin mining camp. With its excellent access to capital and strong technical team, Brixton is in a position to successfully develop the Property to achieve commercial success on a regional basis. This creates a win-win for all concerned.”

This transaction is subject to the approval of the TSX Venture Exchange and certain other terms and conditions. It has been approved by the respective Boards of Directors of both companies.

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: tigertail@desertmountainenergy.com
Tel:  +1-604-899-0100
Fax: +1-604-899-0200

Carrie Howes
Corporate Communications
Email: carrie@desertmountainenergy.com
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.

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: tigertail@desertmountainenergy.com
Tel:  +1-604-899-0100
Fax: +1-604-899-0200

Carrie Howes
Corporate Communications
Email: carrie@desertmountainenergy.com
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: tigertail@desertmountainenergy.com
Tel:  +1-604-899-0100
Fax: +1-604-899-0200

Carrie Howes
Corporate Communications
Email: carrie@desertmountainenergy.com
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: tigertail@desertmountainenergy.com
Tel:  +1-604-899-0100
Fax: +1-604-899-0200

Carrie Howes
Corporate Communications
Email: carrie@desertmountainenergy.com
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.