Desert Mountain Energy Closes $3,000,000 Offering

(TheNewswire)Vancouver, Canada – TheNewswire - April 9,2026 — DESERT MOUNTAIN ENERGY CORP. (“DME” or the “Company”)(TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) is pleased to announcethat it has closed a brokered private placement of 6,976,744 units ofthe Company (“Units”) at a price of $0.43 (the “OfferingPrice”) each, for aggregate gross proceeds of $3,000,000 (the“Offering”). The Offering was conducted on a “best efforts” basis by Haywood Securities Inc., acting as lead agent and solebookrunner (the “Agent”) for the Offering.Each Unit consisted of one common share in the capital of the Company(a “Share”) and one common share purchase warrant of the Company(a “Warrant”). Each Warrant entitles the holder thereof to acquireone common share in the capital of the Company (a “WarrantShare”), at a price per Warrant Share equal to $0.70, at any time upto April 9, 2029. The private placement financing was offered under the Listed IssuerFinancing Exemption (LIFE) in Part 5A of National Instrument 45-106Prospectus Exemptions and has no hold period. The Company intends touse the net proceeds from the sale of Units to recomplete thegathering pipeline system from the wells in the south of the propertyto the processing facility and for working capital and generalcorporate purposes.In consideration for their services, the Company paid the Agent a cashcommission of $180,000 and issued 418,604 non-transferable options(the “Compensation Options”). Each Compensation Option entitlesthe holder to purchase one Unit at the Offering Price, and such Unitswill also be comprised of one Share and one Warrant (with the sameexercise price and term as the Warrants purchased under the Offering) but all securities issuable pursuant to the exercise of theCompensation Options shall be subject to a four-month hold expiring onAugust 10, 2029.In addition, the Company paid the Agent a corporate finance feeconsisting of $90,000 cash and 209,302 Units, such Units havingidentical terms and conditions to the Units sold under the Offering,and also in reliance of the LIFE Exemption. ABOUT DESERT MOUNTAIN ENERGYDesert Mountain Energy Corp. is a publicly traded resource companyprimarily focused on the exploration, development and production ofhelium, hydrogen and natural gas. The Company is focused on heliumextraction from different raw gas sources in an environmental andeconomic manner, supplying elements deemed critical to the renewableenergy and high technology industries.We seek safe harbor“Robert Rohlfing “Robert RohlfingExec Chairman & CEOFor more information, contact:Don Mosher, President & DirectorTel: (604) 617-5448E-mail:Don@desertmountainenergy.com Cautionary NoteRegarding Forward-Looking StatementsThis news release contains“forward-looking statements” within the meaning of the UnitedStates Private Securities Litigation Reform Act of 1995 and“forward-looking information” within the meaning of applicableCanadian securities legislation that involve a number of risks and uncertainties. Actual events or results may differ from the Company’s expectations.Such forward looking statements andinformation herein include but are not limited to the Offering, theanticipated closing date of the Offering, the intended use of proceeds, approval ofthe Offering from the TSX Venture Exchange, the filing of theOffering Document. statementsregarding the Company’s anticipated performance in the future theplanned exploration activities, receipt of positive results fromdrilling, the completion of further drilling and exploration work, andthe timing and results of various activities.Forward-looking statements orinformation involve known and unknown risks, uncertainties and otherfactors that may cause the actual results, level of activity,performance or achievements of the Company and its operations to bematerially different from those expressed or implied by suchstatements. Such factors include, among others, changes in nationaland local governments, legislation, taxation, controls, regulationsand political or economic developments in Canada and the UnitedStates; financial risks due to helium prices, operating or technicaldifficulties in exploration and development activities; risks andhazards and the speculative nature of resource exploration and relateddevelopment; risks in obtaining necessary licenses and permits, andchallenges to the Company’s title to properties.Forward-looking statements are basedon assumptions management believes to be reasonable, including but notlimited to the continued operation of the Company’s explorationoperations, no material adverse change in the market price ofcommodities, and such other assumptions and factors as set out herein.Although the Company has attempted to identify important factors thatcould cause actual results to differ materially from those containedin forward-looking statements or information, there may be otherfactors that cause results to be materially different from thoseanticipated, described, estimated, assessed or intended. There can beno assurance that any forward-looking statements or information willprove to be accurate as actual results and future events could differmaterially from those anticipated in such statements or information.Accordingly, readers should not place undue reliance onforward-looking statements or information. The Company does not intendto, and nor does not assume any obligation to update suchforward-looking statements or information, other than as required byapplicable law.Neither the TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.Copyright (c) 2026 TheNewswire - All rights reserved.