TSX.V: DME
U.S. OTC: DMEHF
Frankfurt: QM01
FOR IMMEDIATE RELEASE
DESERT MOUNTAIN ENERGY PROVIDES GENERAL UPDATE
Vancouver, Canada (May 5, 2026) — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) is advancing plans to reconfigure its Pecos Slope gas gathering system. As previously announced, the Company is raising capital to maximize natural gas sales and provide additional operational options with its helium plant. This work includes the replacement of many miles of existing, inefficient and aging gathering system lines, some of which are in excess of 45 years old and require increased maintenance.
The planned reconfiguration is expected to reduce long-term operating costs. The Company has many miles of existing Right of Ways (ROW’s) and is in the process of acquiring replacement gas lines and securing additional ROW’s, as needed, as the work progresses.
With respect to litigation initiated by the City of Flagstaff against DME, the Arizona Court of Appeals ruled in DME’s favor on a petition for special action and ordered that judgment be entered in DME’s favor on all claims brought by the City. The City subsequently filed a new lawsuit against DME, which DME has removed to Federal Court. DME will continue to vigorously defend against the City’s unfounded claims in any forum in which they are brought.
The Company continues to await a decision from the Arizona Department of Environmental Quality (AZDEQ) regarding its requests related to previously drilled wells in the field south of Winslow, Arizona. The Company continues to maintain its solar facilities located in the area.
In addition to the formation of Helios Data Company for its digital assets, the Company has formed a U.S.-based corporation in Wyoming to address future carbon capture initiatives. The new subsidiary, DME Carbon Cap LLC., is majority-owned by the Company. This entity is intended to support the Company’s future plans to provide its technology and plant design to third parties in the United States and internationally, as well as to support a potential uplisting to a senior U.S. exchange.
Desert Energy UK Ltd. has received significant gas and soil analysis, along with geological data, from independent third parties. The Company is currently working with two potential partners in connection with confirmation gas and soil analysis and the potential acquisition of seismic data based on those results. In connection with these initiatives, Mr. Tim Orr will assume the role of CEO of these new entities and will resign as COO of the Canadian parent, Desert Mountain Energy Corp., effective today.
ABOUT DESERT MOUNTAIN ENERGY
Desert Mountain Energy Corp. is a publicly traded resource company primarily focused on the exploration, development and production of helium, hydrogen and natural gas. The Company is focused on helium extraction from different raw gas sources in an environmental and economic manner, supplying elements deemed critical to the renewable energy and high technology industries.
We seek safe harbor
“Robert Rohlfing”
Robert Rohlfing
Exec Chairman & CEO
For more information, contact:
Robert Rohlfing CEO
(918)752-7020 E-mail Robert@desertmountainenergy.com
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. Any requests by the DoW or any other government agency are not to be construed as a binding contractual obligation on the part of OASW(IWP) or the Dow.
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.
