DESERT MOUNTAIN ENERGY ADDS HELIUM ACREAGE IN ARIZONA

Rhea-AI Summary

Desert Mountain Energy Corp (TSXV: DME, OTC: DMEHF) announced the lease of an additional 15,600 acres in Arizona for helium production, boosting its total holdings by over 18% to more than 100,000 acres. This strategic move enhances the Company's focus on helium exploration, which is critical for renewable energy and tech industries. The Company is also securing surface property agreements to support future production facilities, demonstrating its commitment to growth and expansion in the helium market.

Positive

• Acquired an additional 15,600 acres for helium exploration.
• Overall holdings increased by over 18% to more than 100,000 acres.
• Focus on critical elements for renewable energy enhances growth potential.

Negative

• None.

TSX.V: DME
U.S. OTC: DMEHF
Frankfurt: QM01

VANCOUVER, BC, Jan. 30, 2023 /PRNewswire/ - DESERT MOUNTAIN ENERGY CORP. (the "Company") (TSXV: DME) (U.S. OTC: DMEHF) (Frankfurt: QM01) From the President of the Company. The Company is pleased to announce that it has leased an additional 15,600 acres situated on indicated structural traps for helium. With this acreage combined with the previously announced 8023 acres, Desert Mountain Energy Corp has increased its Arizona holdings by more than 18% and over 100,000 acres. The Company continues to remain focused on its Arizona properties whilst evaluating long-term expansion opportunities. The Company has either acquired or made agreements for surface property to support future required possible production facilities.

ABOUT DESERT MOUNTAIN ENERGY

Desert Mountain Energy Corp. is a publicly traded resource company primarily focused on exploration, development and production of helium, hydrogen and noble gases. The Company is primarily looking for elements deemed critical to the renewable energy and high technology industries.

We seek safe harbor

"Robert Rohlfing"
Robert Rohlfing
Exec Chairman & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties.  Actual events or results may differ from the Company's expectations.

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward looking statements and information herein include but are not limited to statements regarding the Company's anticipated performance in the future the planned exploration activities, receipt of positive results from drilling, the completion of further drilling and exploration work, and the timing and results of various activities.

Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, changes in national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and the United States; financial risks due to helium prices, operating or technical difficulties in exploration and development activities; risks and hazards and the speculative nature of resource exploration and related development; risks in obtaining necessary licenses and permits, and challenges to the Company's title to properties.

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the continued operation of the Company's exploration operations, no material adverse change in the market price of commodities, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not intend to, and nor does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.

View original content:https://www.prnewswire.com/news-releases/desert-mountain-energy-adds-helium-acreage-in-arizona-301733067.html

SOURCE Desert Mountain Energy Corp.

FAQ

What did Desert Mountain Energy announce on January 30, 2023?

Desert Mountain Energy announced the lease of an additional 15,600 acres in Arizona for helium exploration.

How much has Desert Mountain Energy increased its holdings?

Desert Mountain Energy has increased its holdings by over 18%, totaling more than 100,000 acres.

What is the significance of the additional acreage for Desert Mountain Energy?

The additional acreage enhances Desert Mountain Energy's focus on helium exploration, which is vital for renewable energy and high-tech industries.

What are Desert Mountain Energy's future plans regarding production facilities?

Desert Mountain Energy is securing surface property agreements to support future production facilities as part of its growth strategy.

What is the stock symbol for Desert Mountain Energy?

The stock symbol for Desert Mountain Energy is DMEHF on the OTC market.