Engineer GOLD Announces Private Placement

ENGINEER GOLD MINES LTD.

Suite 804 - 750 West Pender Street

Vancouver, B.C. V6C 2T7

Telephone: 604-682-2928

Fax: 604-685-6905

www.engineergoldmines.com

For Immediate Release

ENGINEER GOLD ANNOUNCES PRIVATE PLACEMENT

Vancouver, B.C., November 1, 2019 . Engineer Gold Mines Ltd. (EAU: TSX-V) (“Engineer

Gold”, or the “Company”) announces that it is raising up to $300,000 through a non-brokered

private pla cement (the “Private Placement ”) through the issuance of up to 3,000,000 units

(“Unit”) at a price of $0.10 per each Unit. Each Unit will be comprised of one common share and

one-half of one share purchase warrant (a “Warrant”). Each whole Warrant is exercisable to

purchase one common share of the Company at a price of $0.15 per share for a period of 30

months from the date of closing of the financing. The proceeds will be used for the Phase I

exploration program at the Engineer Gold Mine Property, 32 km west of Atlin in northern BC,

and general working capital. Finder’s fees may be payable in connecti on with the private

placement, in accordance with the policies of the TSX Venture Exchange.

Completion of the Private Placement is subject to the approval of the TSX Venture Exchange

About Engineer Gold Mines Ltd.

Engineer Gold is a recently listed Company focused on the exploration and development of the

100%-owned, 14,020 ha Engineer Gold Mine Property, centered on the Historic high -grade

Engineer Go ld Min e situated 32 km southwest of Atlin, B.C. Previous work has identi fied a

small, Inferred high -grade gold Mineral Resource, numerous high -grade vein and shear -hosted

bulk-tonnage gold exploration targets and a modest, high -grade gold production opport unity.

Engineer Gold is fully permitted for surface and underground expl oration drilling, small -scale

test mining and on-site milling at the Engineer Gold Mine Property.

For additional information please visit the company website at www.engineergoldmines.com.

On behalf of the Board of Directors, For further information, please contact:

Mr. Brian P. Fowler, P.Geo. Nelson Da Silva

President and Director Manager Corporate Communications

[email protected] [email protected]

(604) 722-0041

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Cautionary Note Regarding Forward-Looking Statements

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains certain forward looking statement s which involve known and unknown risks,

delays, and uncertainties not under the control of Engineer Gold Mines Ltd. which may cause actual

results, performance or achievements of Engineer Gold Mines Ltd. to be materially different from the

results, performance or expectation implied by these forward looking statements. By their nature, forward

looking statements involve risk and uncertainties because they relate to events and depend on factors that

will or may occur in the future. Actual results may vary d epending upon exploration activities, industry

production, commodity demand and pricing, currency exchange rates, and, but not limited to, general

economic factors. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is

defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy

of this release.