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EMR.V ·

Emgold Grants Stock Options

Share Capital & Compensation

EMGOLD MINING CORPORATION

Suite 1015 – 789 West Pender Street

Vancouver, B.C. V6C 1H2

www.emgold.com

EMGOLD GRANTS STOCK OPTIONS

Vancouver, British Columbia / TheNewswire / November 20, 2018 - Emgold Mining Corporation

(TSX-V: EMR) (OTC:EGMCF) (Frankfurt:EMLN) ( “Emgold” or the " Company") announces the

grant of 3.0 million incentive stock options (the “ Options”), pursuant to its Stock Option Plan (the

“Plan”), to directors, officers, employees, and consultants of the Company. The Options are exercisable

at a price of C$0.15 per common share of the Company for a period of 5 years from the date of grant.

Any shares issued upon the exercise of the Options will be subject to a statutory four-month hold period

from the date of the issuance. The Option grant is subject to the approval of the TSX Venture Exchange.

About Emgold

Emgold is a junior gold exploration and mine development company with exploration properties located

in the Quebec, Nevada, and British Columbia. These include the Troilus North property in Quebec, the

Golden Arrow, Buckskin Rawhide East, Buckskin Rawhide West, and Koegel Rawhide properties in

Nevada, and the Stewart and Rozan properties located in British Columbia.

On behalf of the Board of Directors

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 this

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 United 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 are

forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that

such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believe",

"expect", "anticipate", "intend", "estimate", "postulate" and similar expressions, or are those, which, by their nature, refer to

future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future

results or performance, and that actual results may differ materially from those in forward-looking statements as a result of

various factors, including, operating and technical difficulties in connection with mineral exploration and development activities,

actual results of exploration activities, the estimation or realization of mineral reserves 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

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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 other 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.