Cision PR Newswire

DESERT MOUNTAIN ENERGY APPOINTS MARTA HODAN WASKO AS VICE PRESIDENT OF GEOLOGY

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

VANCOUVER, BC, June 1, 2022 /PRNewswire/ - DESERT MOUNTAIN ENERGY CORP.  (the "Company") (TSXV: DME) (OTC: DMEHF) (Frankfurt: QM01) From the President of the Company

The Company is pleased to announce that it has added Marta Hodan Wasko as VP of Geology. Marta is a petroleum geologist with a focus on sedimentology and stratigraphy with multiple years of experience in exploration, development, reservoir characterization, and wastewater injection. She has multiple degrees from the Colorado School of Mines, coupled with her experiences, in both the private sector and state regulation. Marta also has experience in well planning, permitting and drilling for oil, gas, helium and wastewater while working in both the private sector and state regulation. Her most recent position was as the Program Administrator for the Arizona Oil and Gas Conservation Commission. She worked on state regulations for oil, gas, and helium development while gaining knowledge of the historic and current helium exploration and development, in addition to gaining experience working with federal, state, local and Indigenous jurisdictions.

"We are extremely pleased we were able to have Marta join our company," says Robert Rohlfing, CEO of Desert Mountain Energy Corp. "She has an outstanding track record within the industry and her overall knowledge of both geology and regulatory compliance aspects are a great fit for our continued growth."

GENERAL UPDATE

  • Construction on the McCauley Helium Processing Facility continues and DME will be adding selected pictures of the assembly to the website as it approaches completion. The Company expects to drill the next wildcat in the early part of July after the rig is released from the project it is currently on. DME will announce the permits when they have been received.
  • Desert Mountain Energy's trucking company has sufficient work committed to keeping the equipment busy on average six days per week for the next 24+ months. This business segment will be adding cash flow immediately and those numbers will be reflected in the financials. Forecasts suggest the Company will get a full return on investment by the end of June.
  • The Company's extension into the pre-payment of a drill rig with 16,000' capabilities is starting to bear fruit. DME receives a predetermined amount on a daily basis for every day it is utilized. The rig has been contracted on an extended basis for all times other than when the Company will be utilizing it.
  • Management has decided to sell helium at spot price and not sign any long-term contracts. The recent deficit in the global helium market has resulted in strong demand and unprecedented helium prices. Desert Mountain Energy Corp. does not project any short-term solutions for the helium market and prices are expected to be at historically high levels for the foreseeable future.
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.

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SOURCE Desert Mountain Energy Corp.