Mines Ltd., (TSX-V: EGM, “EnGold” or the “Company”) reports that the Company has signed an agreement (the “Agreement”) with Peach Lake Resources Ltd. (“PLR”) to reduce from $3 million to $2 million the total payable to PLR relating to its 1% net smelter royalty (“NSR”) on mineral claims acquired

14579462.1

EnGold Agreement with Peach Lake Resources Ltd.

For Immediate Release. October 26, 2017. Vancouver, BC. David H. Brett, President & CEO, EnGold

Mines Ltd., (TSX-V: EGM, “EnGold” or the “Company”) reports that the Company has signed an

agreement (the “Agreement”) with Peach Lake Resources Ltd. (“PLR”) to reduce from $3 million to $2

million the total payable to PLR relating to its 1% net smelter royalty (“NSR”) on mineral claims acquired

from PLR by EnGold under an option and joint venture agreement originally entered into by the parties in

1992. The PLR claims underlie EnGold’s Spout Deposit and other prospective areas. The PLR claims are

also subject to a 3% NSR, capped at $500,000, payable to the original vendor of the claims to PLR. The

PLR claims in question do not underlie the Company’s recent copper-gold-silver discovery, which is not

subject to any underlying royalties.

Under the Agreement, which is subject to the approval of the TSX Venture Exchange, EnGold will pay

PLR $10,000 and 350,000 shares of EnGold.

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 rest s 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

exceptional shareholder and stakeholder value by discovering and developing mineral resources.

Engold Mines Ltd.

Per/

David Brett, MBA

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

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.