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DME Updates Shareholders on Operations and Expansion Plans

Desert Mountain Energy (DME) currently holds ~C$19.7mm in cash, thereby remaining in a strong financial position. Recent well swabbing activities at the McCauley Helium Processing Facility indicate the absence of formation water. The company has acquired heavy trucks and trailers to transport raw crude gases from multiple wells to the processing facility. Additionally, DME plans to drill two wildcat wells targeting helium commencing around early July, as its hydrogen drilling partner experiences financing delays The Company has ordered long lead time components for two processing facilities; the next is planned to have liquefication capabilities.

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