Desert Gold Ventures Inc. Announces the Adoption of Semi-Annual Reporting

Desert Gold Ventures (OTC: DAUGF) has elected to participate in the semi-annual reporting pilot program under Coordinated Blanket Order 51-933.

Rhea-AI Summary

Desert Gold Ventures (OTC: DAUGF) has elected to participate in the semi-annual reporting pilot program under Coordinated Blanket Order 51-933. The company will move from quarterly to semi-annual financial reporting to reduce administrative and financial burdens while maintaining required annual and six-month filings.

Argus Jun 1 session

+3.19% close to close Open Argus

Details

News Market Reaction – DAUGF

On Jun 1, the first trading day after this news, DAUGF closed 3.19% above the previous close.

Data tracked by StockTitan Argus for the Jun 1 session.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Surrey, British Columbia--(Newsfile Corp. - May 29, 2026) - Desert Gold Ventures Inc. (TSXV: DAU) (the "Company") elects to adopt the policies outlined in the semi-annual reporting ("SAR") pilot program utilizing the exemptions provided under Coordinated Blanket Order 51-933, Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers (the "Blanket Order").

The SAR pilot program is implemented under the Blanket Order, which allows eligible venture issuers listed on the TSX Venture Exchange or the Canadian Securities Exchange to voluntarily move from quarterly to semi-annual financial reporting. By adopting the SAR, the Company aims to reduce the administrative and financial burden associated with quarterly reporting.

The Company will not file interim financial statements and related management discussion and analysis ("MD&A") for the three-month period ended March 31, 2026 and the nine-month period ended September 30, 2026, and the three-month and nine-month periods going forward. Should the Company cease to continue participating in the SAR pilot program, it will announce it in a future news release.

The Company will continue to file audited annual financial statements due within 120 days of December 31 and six-month interim financial reports due within 60 days of June 30.

The Company confirms it meets the SAR pilot program's eligibility criteria, which include being a venture issuer with annual revenues of less than $10-million and maintaining a clean 12-month continuous disclosure record and having filed all required periodic and timely continuous disclosure documents. The Company remains committed to timely disclosure and will continue to report all material changes and significant developments as required under National Instrument 51-102, Continuous Disclosure Obligations.

The Company confirms that this news release is being filed pursuant to Coordinated Blanket Order 51-933, Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers.

Contact Information

For further information, please contact:

Jared Scharf | President and CEO

jared.scharf@desertgold.ca

phone: +1 (604) 357-4726

desertgold.ca/

Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299502

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What semi-annual reporting change did Desert Gold Ventures (OTC: DAUGF) announce on May 29, 2026?

Desert Gold Ventures chose to adopt semi-annual financial reporting under Coordinated Blanket Order 51-933. According to Desert Gold Ventures, this SAR pilot program lets eligible venture issuers replace quarterly reports with six-month and annual filings while still meeting core disclosure obligations.

Which financial statements will Desert Gold Ventures stop filing under the semi-annual reporting pilot?

Desert Gold Ventures will stop filing quarterly interim financial statements and related MD&A. According to Desert Gold Ventures, this includes the three-month period ended March 31, 2026 and the nine-month period ended September 30, 2026, and comparable three- and nine-month periods going forward.

What financial reports will Desert Gold Ventures continue to file under semi-annual reporting?

Desert Gold Ventures will continue to file audited annual financial statements and six-month interim reports. According to Desert Gold Ventures, annual statements are due within 120 days of December 31 and six-month interim financial reports are due within 60 days of June 30 each year.

What eligibility criteria does Desert Gold Ventures meet for the semi-annual reporting pilot program?

Desert Gold Ventures meets the SAR pilot criteria as a qualifying venture issuer. According to Desert Gold Ventures, this includes annual revenues under $10 million, a clean 12‑month continuous disclosure record, and having filed all required periodic and timely continuous disclosure documents.

Will Desert Gold Ventures still provide timely disclosure of material changes under semi-annual reporting?

Desert Gold Ventures states it remains committed to timely disclosure obligations. According to Desert Gold Ventures, the company will continue to report all material changes and significant developments as required under National Instrument 51‑102, despite moving from quarterly to semi‑annual financial reporting.

Can Desert Gold Ventures exit the semi-annual reporting pilot program in the future?

Desert Gold Ventures may cease participating in the SAR pilot program in the future. According to Desert Gold Ventures, if participation ends, the company will announce this change in a future news release, implying a potential return to more frequent financial reporting requirements.