August 2017 1
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 exploration and mining business and general economic and business conditions. 2
Company Overview Desert Gold is an advanced gold exploration company with assets of significant potential on the continent of Africa principally located in Mali and Rwanda. Desert Gold Ventures Inc. acquired TransAfrika Resources in November, 2011 by way of share exchange in a transactions that was valued at CDN $15 million. 4 Highly prospective advanced exploration properties located near world class mines 2 Targeted exploration programs at world class gold prospects in Western Mali 1 Mining feasibility study underway at Rutare (Byumba) gold deposit in Rwanda 3
Corporate Info Ticker: Shares in Issue: Fully Diluted: TSX.V: DAU OTC: DAUGF 20.9 million 37.5 million Share Price: CDN $0.21 Market Cap: $4.3 million Board & Executive Officers Sonny Janda, Director & CEO Bruce Thorndycraft, Director (Bsc. Eng) Larry Tsang CFO (CPA) Jared Scharf, Director & President Dr. Luc Antoine, Director (Phd. Geo) Salif Keita VP, Exploration 21% 21% 9% Don Dudek, (P.Geo) Peter Parsley, (P.Geo) Advisory Board André Vézina, Hon. Col. 49% Insiders & Management Ins tu onal Retail Float 4
Mali Projects MALI Significant land position 3 Projects located in highly prospective terrains Extensively mineralized belt Focus on Farabantourou Project to the West Targeting a small scale mine starter project from 140,000 oz. initial resources 5
Farabantourou and Segala West Projects Locality Gold mineralization at Farabantourou is related to the Senegal Mali Fault Zone ( SMFZ ) structural event Deposits in near proximity to Farabantourou on SMFZ: Randgold; Loulo Mine; 9.8 Moz Gounkoto Mine; 4.4 Moz Eandeavour Mining; Tabakoto & Segala Mines; 3.3 Moz IAMGOLD/AngloGold Ashanti JV; Sadiola Mine; 8.1 Moz Yatela Mine; 3.5 Moz NB: these resources included Measured and Indicated categories reported from companies annual reports as at December 2016 6
Farabantourou Project Overview Targeting initial resources for two prospects in addition to Barani East: Barani targeting 50,000 ounces based on Hyundai previous drilling Keniegoulou 24,000 targeting ounces based on Hyundai previous drilling Several other anomalies remain untested. 7
Farabantourou Project 8
Farabantourou Project Barani East Resource Barani East mineral resource statement was made by Minxcon Consulting, November 2015. This resource statement was made in compliance with the specifications set out by the Canadian Code for reporting of resources and reserves as prescribed in the National Instrument 43-101. Extensively drilled out by Hyundai and Desert Gold Initial indicated and inferred resources reported for Barani East The deepest intersect of mineralisation at Barani-East was made at a depth of 120m whilst the deepest end-of-hole reached 190m terminating within oxidised material, suggesting the oxidation zone may extend beyond 200m 9
Farabantourou Project - Barani East Metallurgy Test Metallurgy early results identify >90% recoverable by CIL, Gravity Concentration and Cyanide Leaching Pilot testing completed in 2014. Number Concentration Step Description Result 1 Semi-batch Knelson Knelson concentration of -2 mm material 40.3% gold recovery was achieved on the minus 2 mm material 2 CVD Knelson CVD on semi-batch Knelson tails Mass pull of 11.2% at a recovery of 46.1% 3 Spirals Spiral processing of CVD concentrate 4 High intensity leach Leaching of spiral and CVD concentrate Mass pull of 21.6% at recovery of 61.8% gold Gold recovery of 93.4% after 24 hours 5 Normal leach Normal leaching on CVD tails Gold recovery of 55% after 24 hours Based on this testwork, the following processing steps were envisaged: Scrubbing of RoM material; Crushing of scrubber oversize with the product recycled to scrubber; Semi-batch Knelson processing of scrubber undersize; CVD Knelson and spirals processing of semi-batch tails; High-intensity leaching of CVD/spiral concentrate; and Deposition of CVD/spiral and high intensity leach tails onto a dedicated tailings storage facility ( TSF ). 10
Farabantourou Project Barani East Drill Sections Sectional, flitch plan and 3D modelling has increased the confidence in the geological interpretation. Two domains identified - a main hanging wall domain and a secondary footwall domain NNE structures are mineralised in the hanging wall and show continuity along strike. 11
Farabantourou Project Barani East Recent Work Excellent results from Desert Gold 2012 drilling campaign. Consistently intersecting the mineralised structures along strike. Mineralisation wireframe completed defining footwall and hanging wall domains Mineralisation occurs in an eastward steeply dipping (55 to 60 ), tabular body, ranging in width between 4.5m to 15m, with a NNE strike. Mineralisation intersected along 700m strike Mineralisation remains open to the north and at depth. 12
Farabantourou Project Barani Overview Geology and mineralisation interpretation completed to improve the geological understanding. Mineralisation occurred within sedimentary units Sub-vertical tabular orebody with pinch and swell characteristics Structural control of the mineralisation along NS trending structure Mineralisation intersected over 1600 meters of strike open to the North and South. 13
Farabantourou Project Barani Prognostic Width of mineralisation: Average modelled width 6 m. Mineralisation intersected Up to 80 meters vertical depth in NS-trending mineralized envelope. Strike length of lodes: Approximately 1,600 meters in strike length. Possible tonnes oxide + grade oxide: The total modelled volume is 768,000 cu m, majority of modelled mineralization is situated above saprock fresh rock boundary. Assuming total volume 768,000 cu m in oxide at 1.7 density, possible tonnes of oxide at Barani is 1,305,600 with 62,971 oz. Au at 1.5 g/t Au average grade. 14
Farabantourou Project Keniegoulou Overview Geology and mineralisation interpreted using previous drilling. Defined multiple-parallel mineralised zones Minéralisation hosted within sedimentary unit Structural control of the mineralisation along NW trending structure Possibility of cross-cutting structure controlling the dilation zone in the center of the main load A gap of 400m between load needs to be to be filled up 15
Farabantourou Project Keniegoulou Prognostic Width of mineralisation: Average modelled width 5 meters, with two parallel mineralized zones to the north. Mineralisation intersected Up to 80 meters vertical depth in NWtrending mineralized envelopes Strike length of lodes: Varies significantly from 350 to 1000 meters for the main load. Possible tonnes oxide + grade oxide: The total volume is 400,000 cu m, majority of modelled mineralization is situated above saprock fresh rock boundary. Assuming total volume 400,000 cu m in oxide at 1.7 density, possible tonnes of oxide at Kegnekoulou is 680,000 with 36,077 oz. Au at 1,65 g/t Au average grade, modelled 16
Farabantourou Project Conceptual Plan Milestones Complete Social, Environmental and hydrological studies Advanced metallurgy test work by gravity and CIL Complete scoping study including detailed feasibility Applying for exploitation license for small scale mining operation with multiple pits within a 20 30 km radius of the plant. 17
Segala West Project Locality Surrounded by several large mines including Randgold s Loulo- Gounkoto mine complex to the West which has a mineral resource of 9.6 Moz Au, in 2015, and 9.8 Moz Au, in 2016, and had mining revenues of USD $724 million in 2015, and USD $882 million in 2016. Adjacent to the East of Segala West are Endeavour Mining s Tabakoto and Segala mines with a combined mineral resource of nearly 3.3 Moz Au, in 2015, and had mining revenues of USD $175 million in 2015 and 2.75 Moz Au, in 2016, and had mining revenues of USD $200 million. NB: these resources and revenue numbers are rounded numbers, taken from the respective companies websites. 18
Segala West Project Overview Historical area of artisanal mining > 300years Pit mapping and grab sampling completed to identified potential areas Positive results returned from 4 main artisanal working areas Geological setting similar to Endeavour Tabacoto and Segala mines Possibility of new discovery and to create a standalone mine operation 19
Segala West Baroya target Recent Work Identified more than 450m strike length and 50m width of artisanal working area Encouraging results demonstrate high potential of the area Structural control of the mineralization hosted in sedimentary units Sample Type Sample ID Description Au (g/t) Grab sample A2023 Quart vein 41g/t Grab sample A1967 Quartz vein 6g/t Grab sample A1970 Sandstone 2.8g/t Grab sample A1983 Quartz vein 2.37g/t Grab sample A1972 Quartz vein 2.32g/t 20
Segala West Baroya North target Recent Work Active artisanal working over 700 meters strike length Mineralisation is associated with sheared quartz veins strongly oxidized and brecciated Significant results highlight potential for mineralized structure Sample Type Sample ID Description Au (g/t) Grab sample A1996 Quart vein 19g/t Grab sample A2002 Quartz vein 7.17g/t Grab sample A1998 Sandstone 3.42g/t Grab sample A2005 Quartz vein 1.93g/t Grab sample A1995 Quartz vein 1g/t 21
Segala West Baroya North West target Recent Work Extensive artisanal working along 400m strike length Recently discovered by local miners when using metal detector Two types of gold mineralization systems were defined Mineralisation is associated with quartz veins linked hematite vein with visual gold Significant results highlight potential for mineralized structure Sample Type Sample ID Description Grab sample A2057 Sandstone+hemati te vein Au (g/t) 39.2g/t Grab sample A2059 Quartz vein 14.7g/t Grab sample A2069 Quartz vein 10.6g/t Grab sample A2061 Quartz vein 4.1g/t Grab sample A2068 Quartz vein 1.32g/t 22
Segala West Segala target Recent Work Along 350 meters strike correspond to Segala gold mine extension currently in production by endeavour mining. The mineralization is controlled by individual or network thin quartz veins with various thickness Mineralization is associated mainly to quartz veins striking SW (210 240 ) and dipping NW similar to what seen at Endeavour Segala mine. Encouraging assay results showed potential of the area Sample Type Sample ID Description Au (g/t) Grab sample A2044 Quartz vein 11.9g/t Grab sample A2034 Quartz vein 6.79g/t Grab sample A2033 Quartz vein 5.55g/t Grab sample A2036 Quartz vein 4.9g/t Grab sample A2028 Quartz vein 2.58g/t 23
Segala West Project Upside potential Mineralisation areas showed on the property from historical exploration Significant gold intersections reported from AXMIN previous drilling within the permit Mineralisation intersected over 3km trending NNW-SSE Coinciding with robust soil anomaly Developing conceptual intrusion ore body targeting shear zone along granite intrusion Planned to complete mapping combine with airborne magnetic and soil data to identify potential targets. NB: intersects reported are from AXMIN historical drilling 24
Segala West Project Upside Potential Several consistent soil anomalies remain untested. Need Air Core frame work to develop bedrock target Conceptual targeting and early stage work continuing behind the scenes Focus to develop mining operation with mils feed from multiple pits within 20-30km radius of the plant NB: these resources included Measured and Indicated categories reported from companies annual reports as at December 2016 25
Djimbala Project N 10 kilometres Komana West: Probable Reserves= 239,200 Ounces (Au) at 3,06 g/t (Hummingbird technical report, may 2017) Guirin West Komana East: Probable Reserves= 470,600 Ounces (Au) at 3,18 g/t (Hummingbird technical report, may 2017) Mali Gonka Guinea Kabaya South Favourable mineralized corridors Solona Djimbala permit (Desert Gold) Komana exploitation permit (Hummingbird) 26
Djimbala Project Overview Situated within the Yanfolila Gold Belt Favourable host rocks Extension of Faliko Fodela structures with significant intersections from Gold Fields AC and RC drilling Artisanal mining within the permit confirms Au presence 25 km north of Kodieran and Kalana Mines 10km southeast of Humming bird Komana Project First phase of soil sampling delivers positive results First phase of soil sampling delivers positive results with soil anomalies coinciding with favourable structures. 27
Djimbala Exploration Results Regional Geology Gold Soil Geochemical Sample Results Five North-South soil anomalies defined and coinciding with the regional structure trending Proximity to Kodieran mine plant Possibility to feed this plant bases on Desert Gold and Sodinaf strategic partnership 28
Mali Projects Exploration Plan To rapidly scope the exploration potential within the Farabantourou and Segala West Projects. Focus on three project areas; Farabantourou Define Inferred resource at Barani and Kegnekoulou and improve the geology and structural understanding Convert the initial resource to indicated category at Barani East and improve the geology and structural understanding Segala West Four artisanal working areas identified- complete first pass DD and RC drilling to define the shape and confirm the geology and structural control Djimbala Mapping and sampling over artisanal mining areas for generate early stage targets Auger drilling frame work to constrain bedrock target for RC and DD drilling 29
Mali Planned Works Summary Farabantourou Permit phase1 diamond drilling Prospects Hole type Hole EOH Total Metres Barani DD 4 Various 730 Barani East DD 4 Various 730 Keniegoulou DD 4 Various 640 TOTAL 2100 Segala West Permit phase1 diamond drilling Prospects Hole type Hole EOH Total Metres Baroya DD 2 200 400 Baroya North DD 2 200 400 Segala DD 2 Various 450 Baroya North West DD 1 150 150 TOTAL 1400 Farabantourou Permit phase1 RC drilling Prospects Hole type Hole EOH Total Metres Barani RC 14 80 1120 Barani East RC 15 80 1200 Keniegoulou RC 13 80 1040 TOTAL 3360 Segala West Permit phase1 RC drilling Prospects Hole type Hole EOH Total Metres Baroya RC 10 80 800 Baroya North RC 10 80 800 Segala RC 10 80 800 Baroya North West RC 10 75 750 TOTAL 3150 Summary 6,500 m RC, 3,500 m DD planned for Farabantourou and Segala West. DD will assist on geological understanding and structural control. RC is designed for resource conversion and expansion along strike. Selective twin will be completed to validate historical Hyundai drilling. DD drilling is due to start in July. RC drilling will start after rainy season. 5,000 m of Auger is designed at Djimbala to define early stage targets for follow up with RC and DD. 30