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EMR.V ·

Frankfurt and Berlin Exchanges : EMLM EMGOLD RECEIVES APPROVAL TO TRADE ON THE OTCQB MARKET

Permits & Approvals Listings & Exchange

EMGOLD MINING CORPORATION

Suite 1010 – 789 West Pender Street

Vancouver, B.C. V6C 1H2

www.emgold.com

July 30, 2021 TSX Venture Exchange : EMR

OTCQB : EGMCF

Frankfurt and Berlin Exchanges : EMLM

EMGOLD RECEIVES APPROVAL

TO TRADE ON THE OTCQB MARKET

Vancouver, British Columbia , July 30, 2021 - Emgold Mining Corporation (TSXV:EMR,

OTCQB:EGMCF, FRA:EMLM, BSE:EMLM) (“Emgold” or the “Company is pleased to announce

that after successfully completing the application process, the Company was approved for quotation on the

OTCQB®, operated by the OTC Markets Groups. The Company’s common shares will begin trading on the

OTCQB today, July 30, 2021, at the opening of the market, under its current U.S. stock symbol “EGMCF”

and will remain listed on the TSX Venture Exchange under the ticker symbol “EMR”.

David Watkinson, President and CEO, commented, " Up-listing to the OTCQB will enhance our visibility

and make the Company accessible to a much broader range of U.S. investors. Trading on the OTCQB is

expected to increase liquidity by providing current and potential investors with a transparent and easily

accessible trading platform where they can find Real-Time quotes and market information.”

Shareholders of existing Emgold shares, previously traded on the OTC® Pink Open Market, will now trade

on the OTCQB without any further action required.

The OTCQB Venture is the premier marketplace for companies that are committed to prov iding a high -

quality trading and information experience for their US investors. Qualifying for approval to trade on the

OTCQB requires a Company to be current on disclosure obligations, to pass a minimum bid price test, and

to provide an annual company ver ification and management certification process. The OTCQB quality

standards creates a solid baseline of transparency, as well as the technology to improve the information and

trading experience for investors.

About Emgold

Emgold is a gold and base metal e xploration company focused on Nevada and Quebec. The Company’s

strategy is to look for quality acquisitions, add value to these assets through exploration, and monetize them

through sale, joint ventures, option, royalty, and other transactions to create va lue for our shareholders

(acquisition and divestiture (A&D) business model).

In Nevada, Emgold’s Golden Arrow Property, the core asset of the Company, is an advanced stage gold

and silver property with a well-defined measured and indicated resource. New York Canyon is a base metal

property subject to an Earn-in with Option to Joint Venture Agreement with Kennecott Exploration, a

subsidiary of Rio Tinto Plc (NYSE:RIO). The Mindora Property is a gold, silver, and base metal property

located 12 miles from New York Canyon. Buckskin Rawhide East is a gold and silver property leased to

Rawhide Mining LLC, operators of the adjacent Rawhide Mine.

In Quebec, the Casa South Property, is an early-stage gold property adjacent to Hecla Mining Corporation’s

(NYSE:HL) operating Casa Berardi Mine. The East -West Property is a gold property adjacent to and on

strike with Wesdome Gold Mine Ltd.’s ( TSX:WDO) Kiena Complex and O3 Mining C orporation’s

- 2 -

(TSX:OIII) Ma larctic Property (Marban Project) . Emgold also has a 1% NSR in the Troilus North

Property, part of the Troilus Mine Property being explored by Troilus Gold Corporation (TSX:TLG).

Note that the location of Emgold’s properties a djacent to producing or past producing mines does not

guarantee exploration success at Emgold’s properties or that mineral resources or reserves will be

delineated. For more information on the Company, investors should review the Company’s website

at www.emgold.com or view the Company’s filings available at www.sedar.com.

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]

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.

Cautionary Note on Forward-Looking Statements

Certain statements made and information contained herein may constitute “forward looking information” and “forward looking

statements” within the meaning of applicable Canadian and United States securities legislation. These statements and information

are based on facts currently available to the Company and there is no assurance that actual results will meet management’s

expectations. Forward-looking statements and information may be identified by such terms as “anticipates”, “believes”, “targets”,

“estimates”, “plans”, “expects”, “may”, “will”, “could” or “would”. Forward-looking statements and information contained herein

are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the

realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and

development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title

disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking

statements and information are not guarantees of future performance and readers should not place undue importance on such

statements as actual events and results may differ materially from those described herein. The Company does not undertake to

update any forward-looking statements or information except as may be required by applicable securities laws. The Company's

Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including

any technical reports filed with respect to the Company's mineral properties.