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DME Closes Over-Allotment Option for Excess of C$1 Million

Beacon Securities has fully exercised the remainder of its over-allotment option to sell an additional 545,000 units of Desert Mountain Energy at a price per Over-Allotment Unit of C$1.95. The Offering has resulted in aggregate gross proceeds of ~C$23mm. Each Over-Allotment Unit is comprised of one common share of the Company and one Common Share purchase warrant.

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