Desert Mountain Energy Announces Life Offering to Raise Up To $3,000,000

Executive Summary

• Desert Mountain Energy Corp. announced a best‑efforts private placement of up to 6,976,744 Units at $0.43 per Unit, targeting gross proceeds of up to C$3 million.
• Each Unit consists of one common share and one warrant (exercise price C$0.70, exercisable for 36 months).
• Proceeds will be used to tie into the Kinder Morgan natural gas pipeline, recomplete gathering pipelines on southern property wells, and fund working capital/general corporate purposes.

Key Details

• Units Offered: Up to 6,976,744 Units (each = 1 common share + 1 warrant).
• Price per Unit: $0.43 CAD.
• Maximum Gross Proceeds: C$3,000,000.
• Warrant Terms: One warrant per Unit; each warrant allows purchase of one additional common share at C$0.70, exercisable any time up to 36 months after the Closing Date.
• Use of Proceeds:
• Connect to Kinder Morgan natural gas pipeline.
• Recomplete gathering pipeline system from southern wells to processing facility.
• Working capital and general corporate purposes.
• Closing Deadline: No later than April 8, 2026 (subject to extension by the Company and Haywood).
• Placement Agent & Bookrunner: Haywood Securities Inc., acting as sole agent and bookrunner on a best‑efforts basis under the LIFE exemption.
• Commission & Fees to Haywood:
• Cash commission equal to 6% of gross proceeds.
• Additional Units equal to 6% of Units sold.
• Corporate finance fee equal to 6% of gross proceeds (half cash, half Units).
• Regulatory Conditions: Offering subject to acceptance by the TSX Venture Exchange and compliance with NI 45‑106 prospectus exemptions; not registered in the United States and unavailable to U.S. persons without exemption.

Notable Quotes

“We are pleased to announce this financing which will enable us to advance our gas properties, tie into existing pipeline infrastructure, and support ongoing exploration and development activities.” – Robert Rohlfing, Exec Chairman & CEO

All forward‑looking statements are subject to risks and uncertainties detailed in the release.