Desert Gold Closes Financing

8  January  2015  

PRESS RELEASE

DESERT GOLD CLOSES FINANCING

Desert  Gold  Ventures  Inc.  (“Desert  Gold”  or  “the  Company”)  (TSX.V:DAU)  is  pleased  to  announce  it has   closed   its   non-­‐brokered   financing.   The Company has raised total of $400,000.00   for   working capital purposes.

Securities  issued  as  a  result  of  this  financing  are  subject  to  a  statutory  hold  period.    This  financing  is subject  to  approval  by  the  TSX  Venture  Exchange.

Contact  information:  

Desert  Gold  

Roeland  van  Kerckhoven   or Jared  Scharf President  and  CEO     CFO Tel:  +27  83  455-­‐7847   Tel:  1  (416)  662-­‐3971 Fax:  +27  86  635-­‐5438   Fax:  1  (604)  408-­‐9301 Email:  [email protected]     Email:  [email protected]

For   further   information   please   visit   our   website   www.desertgold.ca or information available on www.SEDAR.com under the company’s profile.

NEITHER  THE  TSX  VENTURE  EXCHANGE  NOR  ITS  REGULATION  SERVICES  PROVIDER  (AS  THAT  TERM  IS   DEFINED   IN   THE   POLICIES   OF   THE   TSX   VENTURE   EXCHANGE)   ACCEPTS   RESPONSIBILITY   FOR   THE   ADEQUACY  OR  ACCURACY  OF  THIS  RELEASE.  

This  news  release  does  not  constitute  an  offer  to  sell  or  a  solicitation  of  an  offer  to  buy  the  securities described  herein  in  the  United  States.  The  securities  described  herein  have  not  been  and  will  not  be registered  under  the  United  States  Securities  Act  of  1933,  as  amended,  and  may  not  be  offered  or sold  in  the  United  States  or  to  the  account  or  benefit  of  a  U.S.  person  absent  an  exemption  from  the registration  requirements  of  such  Act.

This  news  release  contains  forward-­‐looking  statements  respecting  the  Company's  ability  to  comply  with  filing  requirements  in  respect  of  its   Farabantourou  and  Djimbala  mining  permits.  These  forward-­‐looking  statements  entail  various  risks  and  uncertainties  that  could  cause   actual   results   to   differ   materially   from   those   reflected   in   these   forward-­‐looking   statements.   Such   statements   are   based   on   current   expectations,  are  subject  to  a  number  of  uncertainties  and  risks,  and  actual  results  may  differ  materially  from  those  contained  in  such   statements,  including  the  inability  of  the  Company  to  meet  all  necessary  filing  requirements  to  keep  its  mining  permits  in  Mali  or  elsewhere   in   good   standing.   These   uncertainties   and   risks   include,   but   are   not   limited   to,   the   strength   of   the   capital   markets,   the   ability   of   the   Company  to  raise  debt  or  equity  in  order  to  fund  its  business  objectives;  the  price  of  gold;  operational,  funding,  and  liquidity  risks;  the   degree  to  which  mineral  resource  estimates  are  reflective  of  actual  mineral  resources;  and  the  degree  to  which  factors  which  would  make  a   mineral  deposit  commercially  viable  are  present;  the  risks  and  hazards  associated  with  mining  operations.  Risks  and  uncertainties  about   the  Company's  business  are  more  fully  discussed  in  the  company's  disclosure  materials  filed  with  the  securities  regulatory  authorities  in   Canada  and  available  at  www.sedar.com  and  readers  are  urged  to  read  these  materials.  The  Company  assumes  no  obligation  to  update   any  forward-­‐looking  statement  or  to  update  the  reasons  why  actual  results  could  differ  from  such  statements  unless  required  by  applicable   securities  law.