(NOT FOR DISSEMINATION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES)


Desert Gold Ventures Inc. (TSX VENTURE:DAU) (the "Company" or "Desert Gold")
announces that it received notice from Kinross Goldbanks Mining Company ("KGMC")
advising that KGMC has elected to exercise its pre-emptive right and acquire
Desert Gold's 50% participating interest in the Goldbanks mineral exploration
project located in Pershing County, Nevada, USA (the "Goldbanks Project") on the
same price and on the same terms and conditions set forth in the purchase
agreement dated July 10, 2012, as amended by amending agreement dated August 10,
2012 (the "Winnemucca Agreement") entered into between Desert Gold and
Winnemucca Gold Corp. ("Winnemucca"). 


Accordingly, KGMC and Desert Gold closed the purchase agreement on October 15,
2012 (the "Closing") whereby Desert Gold will receive an aggregate cash payment
of $3,500,000, of which $850,000 was paid on Closing, $650,000 is payable six
months after Closing and $2,000,000 is payable 12 months after Closing. 


As a result of the exercise by KGMC of its pre-emptive right, the Winnemucca
Agreement is terminated and Desert Gold will pay Winnemucca a break fee of 8% of
the aggregate value of the consideration agreed to be received by Desert Gold
for its interest in the Goldbanks Project.


Desert Gold's CEO, Roeland van Kerckhoven commented, "We are delighted to close
this transaction successfully with Kinross. The sale of Goldbanks will provide
our company with important working capital in a very challenging capital markets
environment without diluting our shareholders through the issuance of additional
capital stock. We intend to use these cash flows to further develop our
properties in Africa as we move ever closer to our goal of going into
production."


About Desert Gold Ventures Inc.

Desert Gold Ventures Inc. is an advanced exploration and development company
which holds a portfolio of advanced mineral projects located in Rwanda, Mali and
Senegal. 


This news release has been prepared on behalf of the Board of Directors of
Desert Gold, which takes full responsibility for its contents.


For further information on Desert Gold Ventures Inc. please visit our website
at: www.desertgold.ca.


FORWARD-LOOKING STATEMENTS 

This press release includes certain "forward-looking 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". All statements regarding the
successful completion of the sale of the Goldbanks project and achieving
commercial production on the Company's properties in Africa 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.
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. For additional
information on such risks, please consult "Risks and Uncertainties" found on
page 14 of the Company's Management Discussion and Analysis for the year ended
December 31, 2011. The Company expressly disclaims any obligation to update any
forward-looking statements except as may be required by law.
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