EnGold Drilling Underway at Newly Identified Gold Target at Lac La Hache Assays Pending from New Extensions to G1 Copper

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EnGold Drilling Underway at Newly Identified Gold Target at Lac La Hache

Assays Pending from New Extensions to G1 Copper

For Immediate Release. October 20, 2020. Vancouver, BC. David H. Brett, President & CEO, EnGold

Mines Ltd., (TSX-V: EGM, “EnGold” or the “Company”) reports that drilling is underway to test a new

gold bearing structure on its 100% owned Lac La Hache Property in the Cariboo region of south-central

BC. The Road Gold Zone is a 60 metre wide structure defined by mineralized quartz veins and

fracturing within strongly altered monzonite, along a magnetic low that extends for more than 1,600

metres. B-soils here assayed up to 325 parts per billion (ppb) gold and 0.39 % copper. Bedrock grab

samples assaying up to 2.5 grams per tonne (gpt) gold, 1.2 % Cu and 1.9 gpt silver have been

collected from a 30 m wide portion of the zone. At the G1 Zone (copper-magnetite-gold-silver), assays

are pending from recently completed holes G20-49 through G20-51, which have extended

mineralization more than 100 metres to the southeast.

The Road Gold Zone was recently discovered during follow-up to the strong gold and copper B-soil

values obtained last year. It lies along a very well-defined 1,600 m long ground magnetic low that

strikes 020 degrees, extending from the Ann North Zone to the Jodie showing, located 300 m to the

south of Road Zone (see attached map image). At Jodie, B-soils up to 662 ppb gold led to discovery of

visible gold in quartz-pyrite-chalcopyrite fractures within potassically altered monzonite that assayed

2.83 and 4.8 gpt gold.

Nine bedrock grab samples collected from a 30 m section across the Road Zone average 1.3 gpt gold,

ranging up to 2.5 gpt gold. One sample assayed 1.9 gpt gold, 1.8 % Cu and 2.1 gpt silver. Drilling is

underway to test the width and grades of the structure.

“The Road Gold/Jodie area has many characteristics in common with the Aurizon South Gold Deposit,

with potential for larger width on surface and even longer strike length,” said EnGold VP of Exploration

Rob Shives. “The Aurizon South structure is also magnetically low and strikes 020 degrees, so we see

this as a compelling target.”

At G1 Zone, three vertical 50 m step-out holes have now been completed to the southeast. These have

encountered extensions of the semi-massive, carbonate replacement copper-magnetite typical of the

main zone, but with additional lower-grade intervals starting higher up in the holes and extending

downwards for more than 100 m true width. Marker horizons within the sub-horizontal host strata

appear to deepen toward the southeast towards DDH 18-42, where 58 m grading 0.47 % copper

included narrow semi-massive intervals within porphyry-style alteration containing disseminated

chalcopyrite. Assays are pending for all three holes.

“Drilling at G1 this Fall has demonstrated the potential to extend the zone in all directions,” said EnGold

President & CEO David Brett. “Several other geophysical (magnetic and gravity) anomalies within our

10 km mineralized corridor are very similar to those at G1 and remain completely untested.”

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About EnGold

EnGold (www.engold.ca) is focused on exploring its 100% owned mineral property located

near the town of Lac La Hache in BC’s prolific Cariboo mining region. EnGold’s corporate

philosophy rests on three interdependent pillars: Environment, Engagement and Gold.

Through sound environmental stewardship, commitment to transparent engagement with

local communities, the Company is dedicated to driving shareholder and stakeholder value

by discovering and developing mineral resources.

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

Instrument 43-101, has reviewed and approved the technical content of this release.

Engold Mines Ltd.

Per/

David Brett, MBA

President & CEO

Contact: David Brett, 604-682-2421 or [email protected]

Forward Looking Statements: The information in this news release contains forward looking statements that are subject

to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ

materially from those anticipated in our forward looking statements. Factors that could cause such differences include:

changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry,

change in government and changes to regulations affecting the mining industry and failure to obtain regulatory approval

in a timely manner. Forward-looking statements in this release include statements regarding plans to raise financing for

operations, future exploration programs and operation plans and anticipated timing for completion of the next tranche

of the financing. Although we believe the expectations reflected in our forward looking statements are reasonable,

results may vary, and we cannot guarantee future results, levels of activity, performance or achievements. EnGold

disclaims any obligations to update or revise any forward looking statements whether as a result of new information,

future events or otherwise, except as may be required by applicable law.

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.