EnGold Reports Initial Results of Ann North Drilling

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EnGold Reports Initial Results of Ann North Drilling

For Immediate Release. April 22, 2020. Vancouver, BC. David H. Brett, President & CEO, EnGold

Mines Ltd., (TSX -V: EGM, “EnGold” or the “Company”) reports that assay results from the first

604 metres of its planned 800 m Ann North drill hole on EnGold’s 100% owned Lac La Hache

Property in the Cariboo Region of Central BC have returned anomalous copper, gold and

molybdenum results, confirming the metalliferous nat ure of the porphyry environment. Assay

values correlate with alteration and fracturing intensity observed throughout drill core . Drilling of

the final 200 metres and hole deviation surveying will commence when believed safe under

Covid-19 health restrictions. Assay results are tabulated below.

“We’re looking forward to surveying and completing the hole as soon as possible,” said EnGold

President & CEO David Brett. “EnGold management remains enthusiastic about the potential for a

Cadia/Red Chris style discovery on this part of the multi-zone Lac La Hache property.”

“Although drilling has not reached the planned target depth, zones with intense potassic alteration

and moderate development of thin stockwork fracturing within the quartz -bearing

monzonite/monzodiorite correlate with increased grades for copper, gold and locally,

molybdenum” said Rob Shives, VP Exploration. “ Quartz-bearing intrusive phases, and

molybdenum, are not observed elsewhere at Lac La Hache within the alkalic Peach intrusions.

Sulphides +/- quartz, associated with thin fractures /veins, include chalcopyrite, bornite, possibly

chalcocite, and pyrite. A wider (20cm core length) quartz-carbonate-sulphide vein carried 2.11 %

Cu, 0.63 gpt Au and 6.3 gpt Ag.”

DDH AN20-1 assays are reported below for all intervals sampled to date

(174 samples totalling 343.18 metres of drill core.

From To Interval Cu Au Ag Mo

m m m % gpt gpt ppm

9.14 23.00 13.86 0.02 0.01 0.36 4.68

59.00 69.00 10.00 0.20 0.07 0.62 3.20

incl 65.00 67.00 2.00 0.54 0.19 1.40 6.00

97.00 105.00 8.00 0.10 0.07 0.43 3.25

incl 101.00 103.00 2.00 0.29 0.21 1.10 3.00

219.00 298.00 79.00 0.08 0.04 0.29 11.31

incl 229.00 231.00 2.00 0.24 0.08 0.60 1.00

298.00 308.00 10.00 0.21 0.07 0.76 7.00

incl 298.00 302.00 4.00 0.25 0.09 0.90 7.50

308.00 396.15 88.15 0.10 0.03 0.37 53.30

incl 388.00 390.00 2.00 0.13 0.05 0.80 1820.00

396.15 410.00 13.85 0.28 0.08 0.25 106.21

incl 396.15 400.00 3.85 0.37 0.11 1.19 335.84

incl 398.45 398.65 0.20 2.11 0.63 6.30 913.00

410.00 503.00 93.00 0.11 0.03 0.19 18.08

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507.00 515.00 8.00 0.06 0.00 0.10 3.50

521.00 525.00 4.00 0.11 0.01 0.10 11.00

571.70 579.00 7.30 0.09 0.03 0.15 5.73

596.00 604.02 8.02 0.09 0.03 0.15 4.50

All reported intervals are core lengths only as the geometry of the zone has yet to be determined.

In other news, EnGold continues to work with SRK on its previously announced maiden resource

calculation for the G1 Copper Zone and a recalculation of the Spout Copper Deposit using a high

grade model.

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 inter dependent 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.

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, uncer tainties 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 regardin g 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 expectati ons

reflected in our forward looking statements are reas onable, 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.