Engineer GOLD Closes over Subscribed 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 OVER SUBSCRIBED

PRIVATE PLACEMENT

Vancouver, B.C., September 6, 2019. Engineer Gold Mines Ltd. (EAU: TSX -V) (“Engineer

Gold”, or the “Company”) announces it has closed the private placement announced on June 5,

2019.

The Private Placement was closed over subscribed, raising a total of $ 1,304,320 through the

issuance of 13,043,200 units (“Units”) at a price of $0.10 per Unit. The final tranche raised

$425,320 through the issuance of 4,253,200 units (“Units”) at a price of $0.10 per 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 Co mpany

at a price of $0.15 per share for a period of 30 months. All securities are subject to a four month

hold period. For the final tra nche the Company paid $17,760 in cash commissions and issued

177,600 broker Units. The proceeds will be used for the on-going 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 exploration and development of the

100%-owned, 14,020 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 modest, 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] [email protected]

(604) 722-0041

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Cautionary Note Regarding Forward-Looking Statements

Neither TSX Venture Exchange nor it s 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 statements which involve known an d 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 depending 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.