Emgold Closes First Tranche of Flow-Through Private Placement FOR $575,200
**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO
UNITED STATES NEWS WIRE SERVICES**
EMGOLD MINING CORPORATION
Suite 1015 – 789 West Pender Street
Vancouver, B.C. V6C 1H2
www.emgold.com
December 31, 2018 TSX Venture Exchange : EMR
OTC : EGMCF
Frankfurt Exchange : EMLN
EMGOLD CLOSES FIRST TRANCHE
OF FLOW-THROUGH PRIVATE PLACEMENT FOR $575,200
Vancouver, British Columbia - Emgold Mining Corporation (TSX -V: EMR) ("Emgold" or the
"Company") announces that it is carrying out a non-brokered flow-through private placement of up to
6,000,000 units ("FT Units") of the Company at CDN$0.1 3 per Unit to raise up to CDN$ 780,000. Each
Unit will consist of one common share issued as a flow -through share (a “FT Share”) of the Company
and one half non-transferable share purchase warrant (a " Warrant"). Each full Warrant will entitle the
holder to purchase, for a period of 24 months from the date of issuance, one common share (a “Share”) of
the Company at a price of CDN$0.25 per Share (the “Financing”).
The FT Shares issued in connection with this Financing, including the Shares issued upon exercise of the
Warrants, will be subject to a minimum hold period of four months. The Financing is subject to TSX
Venture Exchange (the “ Exchange”) approval. Finder's fees will be payable in connection with some or
all of the offering in accordance with Exchang e policies. The FT Shares will entitle the holder to receive
the applicable tax benefits, in accordance with the provisions of the Income Tax Act (Canada).
Emgold Closes First Tranche of Flow-Through Financing
Emgold announces that it has closed a first tranche of the Financing and will issue 4,424,615 FT Units for
gross proceeds of $575,199.95. In connection with the Financing, the Company will pay finder’s fees to
arm’s length third parties consisting of $ 34,016.00 in cash and 123,200 compensation warrants, bearing
the same terms as the Warrants described hereinabove . Emgold may elect to complete an additional
tranche of the Financing in January 2019.
Proceeds of the Financing will be used for qualifying exploration on the Casa South Property , Quebec.
As announced by press release on Dece mber 14, 2018. Emgold has signed a n Assignment Agreement
allowing it to acquire up to a 91% interest in the Casa South Property (the “Transaction”), located
adjacent to the Hecla Mining Corporation’s Casa Berardi Mine . The Transaction is subject to E xchange
approval, which Emgold is in the process of obtaining.
About Emgold
Emgold is a junior gold exploration company focused on Quebec, Nevada, and British Columba .
Through the recent sale of its Troilus North Property in Quebec , Emgold owns 3.7 5 million shares of
Troilus Gold Corporation (TSX: TLG). Emgold has a 100% interest in the Golden Arrow Property in
Nevada, an advanced stage gold and silver exploration property. On December 12, 2018, Emgold
announced it had signed a letter of intent to lease, with option to purchase, the Marietta Property in
Nevada. Marietta is an early stage exploration property with near surface gold and silver mineralization
and a conceptual copper porphyry target at depth. Details on these, and Emgold’s other properties, can be
found at www.emgold.com.
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Alain Moreau, P.GEO., a qualified person under the NI 43 -101 instrument, has reviewed and approved
the content of this press release. Note that the location of Casa South to the Casa Berardi Mine does not
guarantee exploration success at Casa South.
This news release does not constitute an o ffer of sale of any of the above -mentioned securities in the
United States. The foregoing securities have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "1933 Act") or any applicable state securities law s and may
not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as
defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an
applicable exemption from such registratio n requirements. This news release does not constitute an
offer to sell or the solicitation of an offer to buy nor will there be any sale of the foregoing securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful.
On behalf of the Board of Director
David G. Watkinson, P.Eng.
President & CEO
For further information please contact:
David G. Watkinson, P.Eng.
Tel: 530-271-0679 Ext 101
Email: [email protected]
This release was prepared by the Company's management. Neither TSX Venture Exchange nor its Regulation Services Provider
(as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of t his
release. For more information on the Company, investors should review the Company 's filings that are available at
www.sedar.com or the Company's website at www.emgold.com.
Cautionary Note on Forward-Looking Statements
This news release contains forward -looking statements and forward -looking information (collectively, "forward -looking
statements") within the meaning of applicable Canadian and U.S. securities legislation, including the Unit ed States Private
Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including ,
without limitation, statements regarding the anticipated business plans and timing of future activities of the Company, the
potential lease and option to purchase of the Marietta Property, the potential acquisition of up to a 91% interest in the Cas a South
Property, the successful completion of associated financing activities are forward -looking statements. Althoug h the Company
believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forwa rd-
looking statements are typically identified by words such as: "believe", "expect", "anticipate", "intend", "estima te", "postulate"
and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that an y
forward-looking statements by the Company are not guarantees of future results or performance, and that actual r esults may
differ materially from those in forward -looking statements as a result of various factors, including, issues raised during the
Company's due diligence on the Troilus North Property , operating and technical difficulties in connection with mineral
exploration and development activities, actual results of exploration activities, the estimation or realization of mineral re serves
and mineral resources, the timing and amount of estimated future production, the costs of production, capital expenditures, the
costs and timing of the development of new deposits, requirements for additional capital, future prices of precious metals,
changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities,
labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the
completion of development or construction activities, changes in laws, regulations and policies affecting mining operations, title
disputes, the inability of the Company to obtain any necessary permits, consents or authorizations required, including TSX -V
acceptance of any current or future property acquisitions or financings and other planned activities, the timing and possible
outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and ot her
risks and uncertainties disclosed in the Company's latest interim Management's Discussion and Analysis and filed with certain
securities commissions in Canada. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com
and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral
properties.
Readers are cautioned not to place undue reliance on forward -looking statements. The Company undertakes no obligation to
update any of the forward -looking statements in this news release or incorporated by reference herein, except as otherwise
required by law.