TSX.V: DME
U.S.OTCQX:DMEHF
Frankfurt:QM01
VANCOUVER, BC, Sept. 28, 2021 /CNW/ - DESERT MOUNTAIN
ENERGY CORP. (the "Company") (TSXV: DME) (U.S. OTC: DMEHF)
(Frankfurt: QM01) From the President of the
Company.
Desert Mountain Energy Corp. (DME-TMX.V) is pleased to announce
that it has entered into an agreement with Earl Resources Ltd.
(ERL-TMX.V), to provide geologic, land, well planning, drilling and
completion for the purposes of developing bedded and domal salt
cavern energy storage in Arizona
and the southwest. The Company will be reimbursed for all expenses
and a modest handling charge. For those efforts the Company will
receive a carried override position on any projects without any
financial input. Likewise, if during drilling operations for Earl
Resources Ltd., helium is discovered, then Earl Resources Ltd. will
have an equivalent carried position on any production by the
Company.
"DME is pleased to announce the joint venture with Earl
Resources Ltd. and the opportunity to participate in their energy
storage business," says Robert
Rohlfing, CEO of Desert Mountain Energy Corp. "The expansion
of the DME team has provided the resources to contribute to the
joint venture and participate in its future success. Our treasury
is committed to our plan of becoming a vertically integrated helium
producer with the discovery of the McCauley Field and our decision
to put it into production in 2022. DME intends to produce, process
and sell finished processed helium directly to domestic helium
consumers in the US."
The Company is excited to provide these services and looks
forward to development of our long-term strategic goals in the
Southwestern United States.
Furthermore, the Company has acquired specific leases and will be
assigning those to Earl Resources Ltd. Currently all the leases to
be assigned fall outside of the Company's current operational
area.
ABOUT DESERT MOUNTAIN ENERGY
Desert Mountain Energy Corp. is a publicly traded exploration
and resource company focused on the discovery and development of
rare noble and hydrogen gas fields in the U.S. 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
Executive 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.