Engineer GOLD Closes Non-Brokered 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

CLOSES NON-BROKERED

PRIVATE PLACEMENT

Vancouver, B.C., November 15, 2019. Engineer Gold Mines Ltd. (EAU: TSX-V) is pleased to

announce that it has closed its private placement, announced on November 1 st, 2019. The non-

brokered private placement raised $300,000 through the issuance of 3,000,000 units (“Unit”) at a

price of $0.10 per each Unit. Each Unit is 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 f rom the

date of closing of the financing. Finder’s fees of $8,000 in cash and 80,000 broker Units will be

issued.

The private placement is s ubject to TSX Venture Exchange approval and all securities are

subject to a four month hold period. The proceeds will be used for the Phase 1 exploration

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

working capital.

About Engineer Gold Mines Ltd.

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

100%-owned, 12,032 ha Engineer Gold Mine Property, centered on the Historic high- grade

Engineer Gold Mine situated 32 km southwest of Atlin, B.C. Previous work has identified a

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

bulk-tonnage gold exploration targets and a small, high- grade gold production opportunity.

Engineer Gold is fully permitted for surface and underground exploration 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] (604) 722-0041

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.