Desert Mountain Energy Announces the Appointment of Dr. Kelli Ward to the Board of Directors

Rhea-AI Summary

Desert Mountain Energy Corp. has appointed Dr. Kelli Ward to its Board of Directors, enhancing its leadership as it aims for growth in Arizona's rare earth gas sector. Dr. Ward brings 25 years of experience across medicine, business, and politics, expected to provide valuable insights for the company. Additionally, the board has granted 300,000 stock options set at the previous day's closing price, valid for three years with full vesting in 12 months. The company is also progressing with drilling plans and infrastructure development.

Positive

• Appointment of Dr. Kelli Ward is expected to provide fresh insights and perspectives.
• Granting of 300,000 stock options may align interests between management and shareholders.
• Progress on drilling and infrastructure development supports operational growth.

Negative

• None.

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

VANCOUVER, BC, April 1, 2021 /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 in its ongoing efforts to actively seek out the most qualified and diverse board members in keeping with corporate policy, Dr. Kelli Ward has agreed to join the Board of Directors. (For bio, click HERE) She has dedicated herself to medicine, business, politics and helping children for the past 25 years. As a leader in politics, medicine and education in multiple states, Dr. Ward's experience as a legislator and party head will be extremely helpful as the Company seeks to grow exponentially with its leases in Arizona.

The Company board also granted and set 300,000 options based on the price of shares at the close of business on 03/31/2021. The options have an expiry of three years, fully vesting in 12 months, per the Company's stock option plan as approved by the board in January 2021.

The Company would like to advise that it has an agreement with a drilling company,cementing, open hole loggers, other associated contractors and suppliers of all equipment, with regards to the next three planned wells. The heavy truck haul road from the main access road to the proposed processing facility, (approximately one mile in length,) will be completed this week.

About Desert Mountain Energy

Desert Mountain Energy Corp. is a publicly traded exploration and resource company focused on the discovery and development of rare earth gas fields in the US.  The Company is primarily looking for elements deemed critical to the green energy and high technology industries.

We seek safe harbor

"Robert Rohlfing"                             
Robert Rohlfing
Chairman & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in polices 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 forwardlooking 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 does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law. 

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SOURCE Desert Mountain Energy Corp.

FAQ

What is the significance of Dr. Kelli Ward's appointment to Desert Mountain Energy Corp. on April 1, 2021?

Dr. Kelli Ward's appointment as a board member is significant as she brings 25 years of experience in medicine, politics, and business, which is expected to aid the company's growth efforts in Arizona.

How many stock options were granted to the board of Desert Mountain Energy Corp.?

The board granted 300,000 stock options at the price of shares as of March 31, 2021, which will fully vest in 12 months.

What drilling plans does Desert Mountain Energy Corp. have?

Desert Mountain Energy Corp. has agreements with contractors for the next three planned wells, and is completing infrastructure necessary for operations.

When was the press release announcing Dr. Kelli Ward's appointment published?

The press release was published on April 1, 2021.