DESERT MOUNTAIN ENERGY CORP. APPOINTS NEW MEMBER TO THE BOARD OF DIRECTORS

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Aug 09, 2023, 08:30 ET

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

VANCOUVER, BC, Aug. 9, 2023 /PRNewswire/ - DESERT MOUNTAIN ENERGY CORP. (the "Company") (TSXV: DME) (U.S. OTC: DMEHF) (Frankfurt: QM01) From the President of the Company. Desert Mountain Energy Corp. is pleased to announce the appointment of Michael O'Shea to the Board of Directors. Michael has agreed to become the head of the audit committee as an independent director. The Company acknowledges that being a publicly traded entity, it requires a board filled with competent independent members to meet the corporate governance standards set by the BCSC.

Michael O'Shea (CNW Group/Desert Mountain Energy Corp.)

"We are fortunate to have Michael join our board and bring years of accounting expertise to the audit committee," comments Robert Rohlfing, Executive Chairman and CEO of DME. "DME has built multiple revenue streams that require the head of the audit committee to have the level of expertise that Michael possesses."

Michael is an accomplished professional with significant experience in senior audit and management roles. His career spanned +35 years initially articling with KPMG and the Ontario Provincial Auditor's Office, followed by senior audit positions at Enbridge and Gulf Canada. Michael then returned to the Ontario government where he held senior management and audit roles, including Ontario Hydro and regulatory positions at the Ontario Telephone Commission and the Ontario Energy Board. Michael has acted as a director on several boards including Whitby Minor Lacrosse and a Condominium Board.

In addition to his professional career, Michael has taught Audit and Accounting courses at York University and several colleges. He is an active member of the Quinte Health Board, which oversees four hospitals and serves on the Audit and Resources and Senior Leadership Evaluation and Compensation Committees.

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 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 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.

SOURCE Desert Mountain Energy Corp.