EnGold Closes $2 Million Financing

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EnGold Closes $2 Million Financing

April 12, 2017. Vancouver, BC. David H. Brett, President & CEO, EnGold Mines Ltd., (TSX-V:

EGM, “EnGold”) reports that EnGold has closed a non-brokered private placement of 4,000,000

flow-through (“FT”) units at $0.50 per unit (the “Units”) for gross proceeds of $2,000,000. The

Units consist of one FT share and one warrant to purchase one non-FT common share at a

price of $0.60 for a period of two years. One insider of EnGold participated in the private

placement. All securities issued through the private placement are subject to a four month hold

period expiring August 12, 2017. The proceeds of the financing will be used to fund ongoing

exploration at EnGold’s 100% owned Lac La Hache Property in the Cariboo region of BC, where

drilling is expected to resume next week.

“Interest in this financing was strong and the offering was significantly oversubscribed,” said

EnGold President & CEO David Brett. “We are looking forward to recommencing our drill

program at Lac La Hache next week.”

A 7% cash finder’s totaling $140,000 was paid and 280,000 (7%) finder’s warrants were issued

granting the holder to purchase one non-FT share at $0.60 per share for a period of two years.

Engold Mines Ltd.

Per/

David Brett, MBA

President & CEO

www.engold.ca

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

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