New Risk • Feb 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$28.8m market cap, or US$21.2m). Announcement • Feb 11
Desert Gold Ventures Inc. announced that it has received CAD 7.1818 million in funding On February 10, 2026, the company has amended the terms and closed the transaction. The company will now issue non-brokered private placement of 89,772,500 units at an issue price of CAD 0.08 per unit for gross proceeds of CAD 7,181,800. Company paid an aggregate of CAD 265,986 in finder's fees and issued, in aggregate, 3,324,825 non-transferable finders warrants, entitling the holder thereof to purchase one Common Share at a price of CAD 0.08 at any time on or before the date which is 24 months following the date of issuance. Announcement • Jan 27
Desert Gold Ventures Inc. announced that it expects to receive CAD 5 million in funding Desert Gold Ventures Inc. announced a non-brokered private placement for issuance of up to 62,500,000 units at a price of CAD 0.08 per unit for gross proceeds of up to CAD 5,000,000 on January 26, 2026. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant shall entitle the holder to purchase one common share at a price of CAD 0.12 at any time on or before the date which is 24 months after the closing date. The closing of the offering is anticipated to occur on or about February 20, 2026, or such other date(s) as may be determined by the company. The closing of the offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the conditional approval of the TSX Venture Exchange. Finder's fees will be payable in accordance with the policies of the TSXV. 
