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 believes that the expectations expressed in such forward – looking Ventures Inc. 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: TSX.V: DAU Board & Executive Officers OTC: DAUGF Sonny Janda, Jared Scharf, Shares in Issue: 20.9 million Director & CEO Director & President Fully Diluted: 37.5 million Bruce Thorndycraft, Dr. Luc Antoine, Director (Bsc. Eng) Director (Phd. Geo) Share Price: CDN $0.21 Market Cap: $4.3 million Larry Tsang Salif Keita CFO (CPA) VP, Exploration Advisory Board 21% 21% Don Dudek, André Vézina, (P.Geo) Hon. Col. Peter Parsley, 9% (P.Geo) 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 40.3% gold recovery was achieved material 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 Mass pull of 21.6% at recovery of concentrate 61.8% gold 4 High intensity leach Leaching of spiral and CVD Gold recovery of 93.4% after 24 concentrate 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 NW- trending 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 Mining’s West are Endeavour 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
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