Desert Gold Ventures Inc. (TSX VENTURE:DAU) (the "Company" or "Desert Gold") is
pleased to announce that the Company's updated corporate website is now live.
The newly updated website can be accessed at www.desertgold.ca and includes
detailed information about the Company's African projects in Mali, Rwanda, and
Senegal; executive management and board member bios; and an overview of the
Company's most recent technical reports and news releases. Interested persons
can visit the site to add their names to the mailing list to receive news and
information about the Company. 


"We're excited to have the new website available for our shareholders, and for
the mineral exploration and investment communities, where visitors can learn
more about the Desert Gold story," said Roeland van Kerckhoven, President & CEO.



AGM Results

The annual general meeting of shareholders was held on January 31, 2012 at the
Company's head office in Vancouver, BC. At the meeting, shareholders voted in
favour of motions electing the Company's nominees for director: Roeland van
Kerckhoven, Ayub Khan, Louw van Schalkwyk, Theo Christodoulou, Thomas Tough, and
Sonny Janda. Davidson & Company LLP, Chartered Accountants was appointed as the
Company's auditor. The 2012 Desert Gold Stock Option Plan was approved by the
shareholders; shareholders also voted in favour of a motion to amend the
exercise price of 625,000 stock options previously granted to insiders that have
a current exercise price of $1.25. The amended exercise price of options will be
reduced to $0.80 per share, with no change in the expiry date of the options. 


Under the 2012 Stock Option Plan, the board has granted incentive stock options
to certain directors, officers, and consultants of the Company to purchase up to
an aggregate total of 3,675,000 common shares at a price of $0.80 per common
share. The stock options will vest in four equal tranches at three, six, nine,
and twelve months from the date of grant and will be fully vested at such time.
The stock options will expire five years from the date of the grant. The 2012
Stock Option Plan and amendment to the exercise price are subject to TSX Venture
Exchange acceptance.


Immediately following the AGM, the board of directors appointed the following
officers: Roeland van Kerckhoven as President and CEO; Jared Scharf as CFO and
Corporate Secretary; and Louw van Schalkwyk as VP Exploration; the board named
Ayub Khan as non-executive chairman of the board. 


About Desert Gold

Desert Gold Ventures Inc. is an advanced exploration and development company
which holds mining assets in Mali, Rwanda, and Senegal, and a 50% participating
interest in a joint venture agreement with Kinross Goldbanks Mining Company (a
subsidiary of Kinross Gold Corporation of Toronto, Ontario) in respect of the
Goldbanks Mining property located in Pershing County, Nevada, USA.


To learn more, visit our website at: www.desertgold.ca.

This press release includes certain "forward-looking statements". All statements
regarding the ability of the Company to delineate new resources in proposed
drilling programs are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ materially from those
anticipated in such statements. All statements that are not historical facts,
including without limitation statements regarding future estimates, plans,
objectives, assumptions or expectations of future performance, are
"forward-looking statements". We caution you that such "forward looking
statements" involve known and unknown risks and uncertainties that could cause
actual results and future events to differ materially from those anticipated in
such statements. Such risks and uncertainties include risk factors as discussed
in the Company's filings with Canadian securities regulatory agencies. The
Company expressly disclaims any obligation to update any forward-looking
statements except as may be required by law.


For further information concerning Desert Gold and the TransAfrika material
properties, please refer to Desert Gold's SEDAR profile at www.sedar.com, or see
the contact information below.
Common Shares (TSXV:DAU)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Common Shares Charts.
Common Shares (TSXV:DAU)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Common Shares Charts.