EnGold Adds to Lac La Hache Land Package, 2021 Drill Program Assays Still Pending

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EnGold Adds to Lac La Hache Land Package, 2021 Drill Program

Assays Still Pending

For Immediate Release . January 2 4, 20 22. Vancouver, BC. Da vid H. Brett,

President & CEO, EnGold Mines Ltd., (TSX -V: EGM, “En Gold” or the

“Company”) reports that EnGold has reached an agreement with Pacific Empire

Minerals Corp ( “Pacific Emp ire,” TSXV – PEMC) to acquire the LLH1 mineral

claim, comprising 1,315 hectares, for consideration of a 2% NSR of the claim,

purchasable by EnGold at any time for $1,000,000. The area of the claim adjoins

EnGold’s Lac La Hache Property in the Cariboo region of BC and is the same

property as the tenures that were part of the “Red Joint Venture” entered into by

EnGold & Pacific Empire in 2016 that ended in 2018.

In other news, assay results from the Company ’s 2021 de ep drilling program

remain pending due to long delays at assay lab s and the large volume of

samples submitted. Due to the delay in results, EnGold has delayed the start of

the next phase of its deep drilling program by one month to March 1, 2022.

“Acquisition of the Red JV ground rounds out our land package and makes

EnGold’s preexisting Red Claim contiguous with the rest of the Lac La Hache

Property,” said EnGold President and CEO David Brett. “The Lac La Hache

Property is a d istrict-scale land package now comprising a total of 28,873.5

hectares (280 square kilometres).”

Rob Shives P.Geo., VP Exploration and a Qualified Person as defined under

National Instrument 43-101, has reviewed and approved the technical c ontent of

this release.

About EnGold

EnGold is a Vancouver -based copper , gold, silver, magnetite explo ration

company focused solely on its 100 % owned Lac La Hache propert y in the

Cariboo region of BC which hosts the Spout Copp er Deposit, the Aurizon Gold

Deposit and the G1 Co pper Deposit and other targets within a large porphyry

mineralizing system. With world class infrastructure at its doorstep, Lac La Hache

is a great location to be exploring.

EnGold Mines Ltd.

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David Brett

President & CEO

For further info contact David Brett, 604-682-2421 or [email protected]

This news release contains “forward ‐looking s tatements” within the meani ng of Canadian securities

legislation. Forward‐looking statements include, but are not limited to, th e expected use of proceed s of the

financing. Such statements and information are based on numerous assumptions regardi ng present and

future business strategies and the environment in which EnGold will operate in the future. Certain important

factors that c ould cause actual results , performances or achievements to differ materially from those in the

forward‐looking stateme nts includ e, amongst others, the glob al economic climate, dilution, share price

volatility and competition. Although EnGold has attempted to identify important factors that could cause

actual results to differ materially from those containe d in forward ‐looking state ments, there may be other

factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that

such statements will prove to be accurate, as actual results and future events could differ mater ially from

those anticipated in such statements. Acco rdingly, readers should not place undue reliance on

forward‐looking statements. EnGold does not undertake to update any forward‐looking statements, except in

accordance with applicable securities laws.