DESERT MOUNTAIN ENERGY SIGNS JOINT OPERATING AGREEMENT & GUNNAR DOME WELL UPDATE


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

VANCOUVER, BC, Oct. 3, 2022 /PRNewswire/ – DESERT MOUNTAIN ENERGY CORP.  (the “Firm”) (TSXV: DME) (OTC: DMEHF) (Frankfurt: QM01) From the President of the Firm.

The Firm is happy to announce that it has signed a Joint Working Settlement (JOA) with Beam Earth Ltd. The JOA initially encompasses the shallow hydrogen zones discovered whereas drilling within the McCauley helium subject.  The settlement offers for the Firm’s continued capability to stay targeted on its helium prospects, while using Beam Earth ltd. experience in hydrogen. Moreover, this settlement offers the premise for alternatives for different JOA’s with Beam in jurisdictions exterior of Arizona.  

“The cooperation of our technical groups offers a like-minded method to exploration, improvement and manufacturing of helium and the rising applied sciences surrounding the optimization of decrease value, naturally occurring hydrogen,” says Robert Rohlfing, CEO of Desert Mountain Power Corp. “We stay up for working along with Beam Earth on the complexity of the geological settings and particular geophysical choices required to have the ability to repeatedly duplicate profitable exploration.” 

The Firm has examined two zones within the Gunnar Dome nicely and located helium. The gaseous composition of that particularly examined interval wouldn’t be appropriate for manufacturing with the deliberate McCauley Helium Processing Facility. Subsequently, the Firm is scheduling the rig and related gear to come back out, isolate the examined zone and full the nicely into one other zone the place helium was seen on the mass spectrometer with out the inclusion of different noble gases. DME will advise upon completion of that work.

The Firm would additionally advise that it has filed a counterclaim for damages regarding the authentic injunctive motion by the Metropolis of Flagstaff. The Firm will solely remark as applicable on this matter. A replica of the submitting could also be discovered on-line, on the Coconino County Clerks’ workplace.

ABOUT DESERT MOUNTAIN ENERGY

Desert Mountain Power Corp. is a publicly traded useful resource firm primarily targeted on exploration, improvement and manufacturing of helium, hydrogen and noble gases. The Firm is primarily on the lookout for parts deemed crucial to the renewable vitality and excessive know-how industries.

We search protected harbor

“Robert Rohlfing”
Robert Rohlfing
Exec Chairman & CEO

Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined in polices of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch. The statements made on this press launch might comprise sure forward-looking statements that contain numerous dangers and uncertainties.  Precise occasions or outcomes might differ from the Firm’s expectations.

Cautionary Notice Concerning Ahead-Wanting Statements

This information launch incorporates “forward-looking statements” inside the which means of the US Non-public Securities Litigation Reform Act of 1995 and “forward-looking info” inside the which means of relevant Canadian securities laws. Such ahead wanting statements and data herein embody however usually are not restricted to statements concerning the Firm’s anticipated efficiency sooner or later the deliberate exploration actions, receipt of constructive outcomes from drilling, the completion of additional drilling and exploration work, and the timing and outcomes of varied actions.

Ahead-looking statements or info contain identified and unknown dangers, uncertainties and different elements that will trigger the precise outcomes, stage of exercise, efficiency or achievements of the Firm and its operations to be materially completely different from these expressed or implied by such statements. Such elements embody, amongst others, adjustments in nationwide and native governments, laws, taxation, controls, laws and political or financial developments in Canada and the US; monetary dangers as a result of helium costs, working or technical difficulties in exploration and improvement actions; dangers and hazards and the speculative nature of useful resource exploration and associated improvement; dangers in acquiring crucial licenses and permits, and challenges to the Firm’s title to properties.

Ahead-looking statements are primarily based on assumptions administration believes to be cheap, together with however not restricted to the continued operation of the Firm’s exploration operations, no materials opposed change available in the market value of commodities, and such different assumptions and elements as set out herein. Though the Firm has tried to establish necessary elements that would trigger precise outcomes to vary materially from these contained in forward-looking statements or info, there could also be different elements that trigger outcomes to be materially completely different from these anticipated, described, estimated, assessed or supposed. There may be no assurance that any forward-looking statements or info will show to be correct as precise outcomes and future occasions may differ materially from these anticipated in such statements or info. Accordingly, readers mustn’t place undue reliance on forward-looking statements or info. The Firm doesn’t intend to, and nor doesn’t assume any obligation to replace such forward-looking statements or info, aside from as required by relevant regulation.

SOURCE Desert Mountain Power Corp.



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