Desert Gold Provides Update on Barani East Gold Project Site Development Activities

About this update from Desert Gold Ventures Inc.

Surrey, British Columbia--(Newsfile Corp. - February 11, 2026) - Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTCQB: DAUGF) (the "Company") is pleased to provide an update regarding ongoing development activities at its fully permitted Barani East gold project in western Mali. As outlined in prior news releases and supported by the Company's updated Preliminary Economic Assessment ("PEA"), the Company is advancing the Barani East gold project through a staged approach focused on infrastructure readiness, risk reduction and disciplined capital deployment. In line with this approach, the Company has initiated a series of site preparations and infrastructure works that will be completed in parallel with the manufacturing and delivery of a gravity processing plant and equipment. "These activities reflect our disciplined, phased approach to advancing the Barani East oxide gold project," said Jared Scharf, President and CEO of Desert Gold. "Completing site preparation ahead of plant delivery and installation will reduce execution risk and support efficient advancement of the project as we progress. Our main goal is to advance the development timeline to commercial production as expeditiously as possible." Site Preparations and Infrastructure Activities Current and planned activities include civil works and infrastructure development intended to prepare the site for future plant installation and commissioning. These activities include, but are not limited to: These works are intended to reduce future construction timelines and support efficient execution of subsequent development phases. Figure 1. (A) Final Pit Design for Barani; (B) Proposed Site Layout for Infrastructure (Taken from recent PEA published on Jan. 09, 2026). To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/4954/283470_2da86096f44448e6_001full.jpg Processing Equipment Procurement The Company has advanced procurement of a modular, gravity-based gold processing plant as part of its phased development strategy. The selection and configuration of the processing equipment align with the conceptual development framework evaluated in the Company's most recently completed PEA (see news release dated November 25, 2025). The initial processing plant configuration has been designed for a nominal throughput ca...

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