DESERT MTN ENERGY CORP - DMEHF STOCK NEWS

Desert Mountain Energy Corp. announces successful reassembly of natural gas and helium processing facility, receiving final operational permit from BLM. Plant modifications increase gas production and accommodate upcoming regulatory changes. Company aims to increase gas throughput to 1,500 MCFGPD in December 2023 without significant capital investment. Plans to further improve production through well workovers, aiming to exceed 3,000 MCFGPD from existing wells and perforations.

Desert Mountain Energy Corp. provides a progress report on the West Pecos Slope Abo project in New Mexico. The company confirms the delivery of all necessary components for the helium processing plant and anticipates operational start-up in November. Gas flow has increased significantly, and additional workovers could enhance production. The company aims to increase production to meet its goal of 1,500+MCFGPD. The presence of natural gas carriers strengthens the company's position to explore potential end-user contracts. The company is also committed to reducing emissions and converting CO2 to food-grade CO2. CEO Robert Rohlfing will be a speaker at the 2023 Helium Super Summit.

Desert Mountain Energy Corp. announces success in reassembling helium processing facility in New Mexico, adding dehydration unit to remove helium and increase net price for methane gas. Continued maintenance program and pigging of flow lines to lower flowing pressures. Plans for geophysical survey in Arizona to improve accuracy of drill targets. Appointment of Mr. Michael O'Shea to the Board of Directors with 300,000 options set at a premium to Friday's closing price.

Desert Mountain Energy Corp has successfully completed the disassembly of the helium processing plant and has begun reassembly at the West Pecos Slope Abo Gas Field. The process is expected to take 5-6 weeks. The company plans to start up the plant after pressure testing of critical components. The company has cash on hand of approximately $14.7 million CDN and intends to maintain solid cash balances. Pigging of flow lines and removal of choke points are underway to optimize production. The company has purchased smaller volume compressors to boost production from wells with higher levels of helium. The goal is to target wells with helium values above 0.7% and an initial aggregate plant throughput for helium production above 0.50%. Well flow line pressures have risen due to the IACX gas plant being down for repairs and maintenance. The company will not pay royalties on inert gases recovered through plant operations. The company is exploring options for long-term operations in Arizona.

Desert Mountain Energy Corp. (TSXV: DME, OTC: DMEHF) announced the acquisition of 80 acres in the McCauley Helium Field for $125 per acre. This property could enhance the Company’s operations in hydrogen and noble gases. Additionally, the Company secured 50% of the mineral rights in the South Winslow prospect, reducing royalties from 12.5% to 6.25%. The goal is to maximize shareholder returns. A rig will be operational in the McCauley Helium Field by mid-week, with new trucks and trailers acquired for operations.

The Company focuses on exploring and developing helium, hydrogen, and noble gases, critical for renewable energy and high-tech industries.

Desert Mountain Energy Corp. (DMEHF) has entered the final stage of development towards commercial production of helium. Recent financing will facilitate the completion of infrastructure needed to bring six helium wells into production. The McCauley Helium Processing Facility is operational, with testing successfully isolating helium. The company plans to optimize production in 60-90 days, aiming for commercial gas sales within the quarter. Valorie Farley has been appointed CFO, focusing on transitioning accounting practices to the U.S. and identifying potential tax benefits. These developments position DMEHF for growth in the helium market.

Desert Mountain Energy Corp. (DME) announced that an additional 545,000 common share purchase warrants will commence trading on the TSX Venture Exchange on April 6, 2023. These warrants are priced at $2.70 per common share and are set to expire on March 24, 2025, unless accelerated by the company. If the share price exceeds $4.50 for ten consecutive days, DME may accelerate the expiry date of these warrants with proper notice. DME focuses on the exploration of rare earth gas fields in the U.S., essential for green energy and high-tech industries, amidst various exploration and operational risks.

Desert Mountain Energy Corp. (TSXV: DME, OTC: DMEHF) announced that 11,300,000 common share purchase warrants will begin trading on the TSX Venture Exchange on March 31, 2023. The warrants have an exercise price of $2.70 and are valid until March 24, 2025. If the share price exceeds $4.50 for ten consecutive trading days, the Company may accelerate the expiry date with a notice. Additionally, up to 545,000 additional warrants may be issued as part of an over-allotment option. This initiative aims to support the Company’s exploration of rare earth gas fields in the US, critical for green energy industries.