Desert Gold Updates Financing

About this update from Desert Gold Ventures Inc.

Desert Gold Updates FinancingSurrey, British Columbia--(Newsfile Corp. - February 20, 2026) - Desert Gold Ventures Inc. (TSXV: DAU) ("Desert Gold" or the "Company") announces that it has accepted an arms-length subscription agreement that was submitted during the Company's recent $7,181,800 private placement closing but was missed due to clerical error. As a result, the Company will issue 375,000 units for a total of $30,000. Each unit consists of one common share and one half of a common share purchase warrant, each whole warrant exercisable for 2 years at $0.12. No finder's fees will be payable, the securities issued will be subject to trading restrictions of 4 months and a day, and proceeds will be added to general working capital. This placement is subject to TSXV approval.About Desert Gold Ventures Desert Gold is a gold exploration and development company which controls properties in both Mali and Cote d'Ivoire. This includes the 440km2 SMSZ Project in Western Mali as well as the newly optioned 297km2 Tiegba Gold Project in Western Cote d'Ivoire within the prolific Birimian greenstone belt.Cautionary Note Regarding Forward-Looking StatementsThis news release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws (collectively, "forward-looking information"). Such forward-looking information is provided to inform the Company's shareholders and potential investors about management's assessment of the Company's plans and operations relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as "anticipate", "proposed", "estimates", "would", "expects", "intends", "plans", "may", "will", and similar expressions, although not all forward-looking information contains these identifying words.More particularly and without limitation, the forward‐looking information in this news release includes (i) expectations regarding the Company's financing plans; (ii) expectations concerning the Company's plans and objectives in respect of the Offering's net proceeds; (iii) final TSXV approval in respect of the Offering and the timing of receipt thereof; and (iv) expectations concerning the Company's future plans, objectives, strategies, and goals relating to its business. ...

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