April 2020

Disclaimer

All statements in this presentation, other than historical facts, that address exploration activities and mining potential are forward-looking statements. Although Desert Gold

Ventures Inc. believes that the expectations expressed in such forward–looking statements are based on reasonable assumptions, such statements should not in any way

be construed as guarantees of future performance. Factors that could cause developments to differ materially from those expressed include exploration results; technical analysis; and lack of availability to the company of necessary capital to

progress its projects further. The company is subject to specific risks inherent in the mineral exploration business and general economic and business conditions.

Why Gold and Gold Equities Now??

• Gold and gold equities are a hedge against low to negative interest rates - G20 central banks are and will be running zero or negative interest rate policy for the foreseeable future, thus cash does not provide any returns

• Gold and gold equities are a hedge against currency devaluation– G20 government, corporate and consumer debt at all-time highs – US government debt forecast to be ~120% of GDP in 2020– US Federal Reserve balance sheet expands to $5.3 trillion in Q1, 2020 – an all time high– Global money supply expanding at historic pace; Global stimulus expected to top $9 trillion

vs. $2 trillion during 2008 financial crisis– In contrast to 2008 financial crisis, majority of global stimulus is aimed at consumers

translating into a direct debasement of fiat currencies; likely outcome is inflation

• Gold’s historic run from $700/oz to $1900/oz between between Oct 2008 and Oct 2011 – Gold is set to run again– was set off by a major correction in US and global equities which was then further

strengthened by unprecedented accommodative monetary policy and fiscal stimulus

– Global policy actions being enacted today are orders of magnitude more vast, sweeping and responsive then in 2008 suggesting the likelihood of an even greater run-up in the price of gold

• The above factors should translate into improved valuations in the underlying gold equities like they did between 2009 and 2012

Corporate Highlights

1. 1- 6 million ounce gold target

2. Increasing land package

3. Numerous historic gold zonesAshanti Gold/MMC/Altus/SUD acquisitions

4. Economic grade targets

5. Target-rich environment

6. Monetization of 2nd priority project

Senegal-Mali Shear Zone (SMSZ)

~400 km2 under-explored area along SMSZ

20 zones on combined property- Steps 2 of 3 of acquisition strategy

completed

6.3 g/t Gold over 13 metres - open

New targets in the right area

Lie adjacent to producing mines and have only seen limited exploration

Capital Structure & Corp. Info

Ticker TSX.V: DAU

Issued & Outstanding 109.4 million

Options 6.3 million

Warrants (Dau)

Warrants (ex-Ashanti)

52.1 million @$0.226 ($0.09 to $0.30 each) 2.1 million @$0.647

($0.28 to $0.46)

Fully Diluted 170 million

Board & Management

Sonny Janda,Chairman

Jared Scharf,Director, President &

CEO

Don Dudek (Geo.), Director

Larry Tsang (CPA), CFO

Salif Keita, VP Exp.

Major Shareholders

Grand Peak Capital Corp. 7.8%

Management & Board 5.8%

Sodinaf International 5.1%

Capital Drilling 4.7%

Ross Beaty 3.4%

Leede Jones 3%

Mali, West Africa

• Mali is Africa’s fourth largest gold producing country.v Annual gold production in 2018 ~2.14million oz

Auv >35 million oz Au of reservesv Recent new discoveries v Highly prospective and still underexplored to not

exploredv Major producers and Developers - Barrick,

B2Gold, Endeavour, Allied Gold, Hummingbird, Resolute and BCM

• Desert Gold controls 2 large exploration permits in strategic areas.v SMSZ Project – along Senegal Mali Shear and

Main Transcurrent Shear Zonesv Djimbala – Adjacent to 1.8 million ounce

Yanfolia Mine and on same geological trend as Endeavour’s advanced Kalana Project

Western Gold Belt of Mali

• Desert Gold is targeting 1 to 6 million oz Au - >> $1 billion in metal

• Gold mineralization in Western Mali is related to the Senegal Mali Shear Zone (“SMSZ”).

• Desert Gold’s property is directly on and proximal to the SMSZ:

• Major deposits in close proximity to Farabantourou and Segala West on the SMSZ:v Yatela: 3.5 Mozv Sadiola: 8.1 Moz v Loulo: 9.8 Moz v Gounkoto: 4.4 Moz v Tabakoto & Segala: 3.3 Mozv Fekola: 7 Moz

SMSZ Project, West Mali

• ~400 km2 Project spans the SMSZ v Significant drill results including 6.28

g/t Au over 13 meters. OPEN!

• 20 known sediment, volcanic and intrusion-hosted gold zonesv Mineralization style mimics that of the

nearby sulphide-replacement altered, limestone-hosted Sadiola and Yateladeposits that are host to more than 8 million ounces of gold.

• Additional Upsidev >100 untested gold-in-soil anomalies

>200 ppb, untested IP anomalies

THE PLAN

• 57 Target areas identified• 15,000 m+ drilling program started in

Q4, 2019. Mix of first pass to resource drilling

• 10,000 m+ auger drilling program planned in 1H 2020

• Resource report tentatively planned for late Q3, 2020

SMSZ Target Areas

• 59 target areas delineatedv Recent program began testing 4 of the

target areas with a 74 hole, 3,507 metredrill program

v Target areas consist of a combination ofo known zones with inferred

extensions both along strike and to depth,

o artisanal workings, o gold-in-soil anomalies of >200

ppb gold, o gold in auger anomalies of >100

ppb goldo IP chargeability high anomalieso Covered areas with inferred

structural targetso Areas along strike of known zones

that have not been exploredv Plan to develop new grassroots targets

and drill test grassroots to resource build targets

SMSZ Geophysical Anomalies

Southern Gold Belt of Mali

• The 100 km2 Djimbala prospect is proximal to several large mines and deposits

• Hummingbird’s Komana mine (1.8MM oz Au) occurs just west of the Djimbalapermit and Endeavour’s Kalana deposit with 2MM oz is ~18 km south of Djimbala.

• It is also 15 km north of ~2 million oz Au Kodieran mine.

• Bulk of the property has never been explored even though it appears to be in the ‘right area’

• Follow-up to include first pass soil sampling in the southern half of the concession, prospecting and mapping

Summary/Highlights

• Target 1 – 6 million ounce gold deposit in western and southern Mali

v SMSZ PROJECTØ Regional scale ~400 km2 land package spanning the SMSZ and MTSZØ 1 to 6 million ounce SMSZ target with abundant gold mineralization already discoveredØ Target model working - Encountering similar geology to nearby >10 million oz Au

Sadiola/Yatela minesØ 20 known gold zones with minimal exploration to dateØ Upside – New gold zones and compelling soil anomalies to follow up with >100, >200 ppb goldØ New results – 2.04 g/t gold over 30 metres and 3.03 g/t gold over 8 metres

v DJIMBALAØ Adjacent to new Hummingbird MineØ Reported major artisanal mining presence on propertyØ Initial, small, soil sampling program shows strong results with 20 samples >100 ppb goldØ Additional surface exploration to be completed to delineate first drill targets