Frankfurt and Berlin Exchanges : EMLM Emgold Releases Positive Soil Sampling Results Expanding and Adding Exploration Targets At Its Mindora Property, NV

EMGOLD MINING CORPORATION

Suite 1010 – 789 West Pender Street

Vancouver, B.C. V6C 1H2

www.emgold.com

January 19, 2022 TSX Venture Exchange : EMR

OTCQB : EGMCF

Frankfurt and Berlin Exchanges : EMLM

Emgold Releases Positive Soil Sampling Results

Expanding and Adding Exploration Targets

At Its Mindora Property, NV

Vancouver, British Columbia, January 19, 202 2 – Emgold Mining Corporation (TSX -V: EMR)

(“Emgold” or the “Company”) is pleased to report results of a soil sampling program at its Mindora

Property, Nevada (“Mindora” or the “Property”). A total of 1,254 soil samples were taken on the eastern

half of the Property. Gold and silver assay results indicate that mineralization in the historic resource area

(“HRA”) can be expanded from an east -west strike length of 2,000 ft (600 m) to 6,000 ft (1,800 m) . In

addition, four other secondary exploration areas (“S EA1, S EA2, S EA3, and SEA4 ”) were identified

outside the HRA for further work.

Property Location

Mindora is a precious and base metal property located in the Garfield Hills, 20 miles southeast of Hawthorne

in Mineral County, as shown in Figure 1. It is in the Garfield Mining District.

Figure 1

Mindora Location, Claim Outline, and Historic Resource Area (HRA)

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Geology

The geology of the Mindora property was first examined by E&B Explorations Inc. (“E&B”) between

1980-1982. E&B produced large scale geologic, surface sample and other maps on a topographic base. A

few years later the U.S. Geological Survey (“USGS”) published a geology map of the Mable Mountain

Quadrangle (Oldow and Steuer 1985) and Eureka Resources Inc. (“ Eureka”) refined the local geology in

1988. These mapping programs, along with a structural analysis conducted by Eureka in 1989, established

an understanding of the complex structural geology of the region.

Limestone and intermediate volcanic rocks of the Triassic Luning Formation underlie the east and central

portion of the Property. Quartz rhyolite and quartz latite dikes and sills, and an altered granodiorite intrude

these meta-sedimentary and metavolcani c rocks. Late Tertiary volcanic rocks and overburden cover the

western portion of the Property.

Two dominant structural trends traverse the P roperty. The Mindora Lineament, an E -W trending, en-

echelon structure, hosts the princip al gold-silver mineralization. The NE -SW Santa Fe lineament, that

intersects the western portion of the claim block, extends northeast 12 mi (19 km) to the historic past

producing Santa Fe Gold Mine . Crosscutting faults and thrust faulting complicate interpretation of the

precious metal targets.

Mineralization discovered on the Property includes epithermal gold and silver, and porphyry style

molybdenum below the gold and silver mineralization. There is also evidence of copper skarn and porphyry

mineralization from historic surface sampling on the Property.

Historical Exploration

Hawthorne Gold Corporation (“Hawthorne”) acquired the property in 1979 and, in the following year,

brought in E&B Explorations Inc. as a joint -venture partner and operator. From 1980 to 1982 E&B

conducted surface and underground geology mapping, geophysical surveys, rock-chip sampling, and

exploration drilling. E&B’s work resulted in the development of four gold-silver historic resource zones.

Eureka acquired E&B’s interest in 1983 and conducted additional exploration and development. Total

historic drilling on the Property is 42,836 ft (13,056 m), mostly in vertical holes ranging from 200 to 400 ft

(61-122 m) depths, with a maximum drilling depth of 700 ft (214 m). Drilling methods were mostly rotary

and reverse circulation. Two core holes were also drilled.

The original focus of exploration at Mindora was to look for a deposit similar to the historic Santa Fe Gold

Mine, one of the first open pit heap leach mines in Nevada and located about 12 mi (19 km) to the northeast.

Several resource and reserve estimates are described in historic documents. Technical work in the 1980’s

included mine planning, metallurgical test work , pit design, scoping studies, and a feasi bility study by

Kilborn Engineering to look at heap leach and milling alternatives and to evaluate the potential for a small

open pit mine.

Molybdenum was encountered and recognized in assaying of drill holes in 1981. However due to the low

molybdenum prices at the time, that metal was not the focus of exploration. In the 1990’s, with falling gold

prices, Eureka started to focus on the potential for molybdenum and copper porphyry mineralization on the

Property. Drilling results were re-analyzed for molybdenum potential and surface sampling was done to

evaluate copper skarn and porphyry potential. Several exploration targets were identified.

Due to low metal prices, no exploration work was done on the Property after 1995 and Eureka abandoned

the Property in 2001. The Property was subsequently staked by two separate parties, Nevada Sunrise LLC

and BL Exploration. The Property continued to remain idle until it was acquired by Emgold in 2020.

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No current mineral resources or reserves have been delineated on the Property that meet CIM Standards on

Mineral Resources and Reserves or NI 43-101 Standards of Disclosure for Mineral Projects.

Emgold Exploration Activities

Since acquiring the Property in 2020, Emgold has staked 117 additional unpatented claims at Mindora ,

bringing the total number of claims to 147, encompassing about 2,940 acres. The claim expansion was

designed to cover mineralized structures, the historic resources, and visible alteration zones. The Property

boundary and the areas where the historic resources are located (“HRA”) is shown in Figure 1 above.

Emgold had a helicopter magnetic -radiometric geophysical survey, flown by Precision GeoSurveys, BC

Canada, completed over the entire property in December 2020. Data, obtained in 2021, included magnetic

and radiometric maps, a logistics report, and data files.

Analysis of the geophysical data indicates that the targets within the HRA are on the edge of, and within, a

magnetic low area. The Mindora and the North Targets (hatched areas in Figure 2 below) are in this low,

although the Mindora Target is on the edge of it. Soil sample assays, historic workings, and a graben zone

with stockwork veining are within the magnetic low. Some of the magnetics results correlate well with

faults and lithologies.

In 2021, t he Company contracted with Rangefront Mining Services to collect 1,254 soil samples on the

eastern half of the Property. The goal of the soils survey was to expand current historic resource areas and

also to identify new exploration targets away from the known historic resource areas. The survey grid

consisted of 100 f t sample spacing, with sample lines 400 ft apart. Soil samples were analyzed by ALS

USA Inc.

Results of the Soil Sampling Program

Emgold’s technical team conducted a statistical analysis of the sample assays and created a series of maps

showing the sample results from key pathfinder elements, including gold, silver, molybdenum, and copper.

The results were overlayed onto the geology and geophysics maps. The soil sample results combined with

geology and geophysics data indicate that the HRA can be expanded from a strike length of 2,000 f t (600

m) to 6,000 ft (1800 m) and has a width of up to 1,000 ft (300 m) as shown in Figure 2 below.

Figure 2 shows the Mindora and North Targets (hatched areas, historic drilling, and soil sampling results

superimposed on geologic structures and magnetic geophysics data. Geologic structures in the HRA

include a fault graben, stockwork quartz veins and breccias. The results indicate that the main area of

epithermal mineralization is in and on the edge of a magnetic low zone, and that zone is fault -controlled.

Faults trend in a northeast direction. Hi gher grade soil gold and silver assays also exist within and on the

edge of the magnetic low. Historic gold-silver resources, including those that were delineated in the 1980’s,

were in this low and on the edge of it.

Figure 2 also shows that the magnetic low extends beyond the areas drilled and soil sampled, and therefore

there is potential to expand the mineralized areas further. Other magnetic features have yet to be interpreted

in relation to the soils data, so those other exploration targets are labeled as secondary . Four secondary

exploration areas (“SEA’s”) have been delineated to date.

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Figure 2

Mindora Property

Soil Sampling Results

In the Historic Resource Area (HRA) and Secondary Exploration Areas (SEAS)

David Watkinson, President and CEO of Emgold states, “ Mindora is a property that had over 43,000 ft of

historic drilling on it from the period of about 1980 to 1995. It subsequently has sat idle for over 25 years.

There are numerous historic shafts and adits from historic mining activities and the soils work shows both

large and numerous exploration targets for follow up. Plans are to do additional soil work on the western

half of the claim block to further define drill targets . Ultimately, the Company plans to conduct a drilling

program to verify historic drill ing results and subsequently to start to define mineral resources on the

Property, subject to exploration success.”

QA/QC Procedures

Using sampling procedures approved by Emgold, Rangefront inserted a QA/QC sample at every 20th soil

sample, for a total of 54 samples. Specifically, this included six standards, 32 blanks and 16 field duplicates.

Samples were collected on site, shipped and stored in Rangefront’s warehous e in Elko, and then delivered

by Rangefront in a single batch to the ALS preparation lab in Elko. The samples were analyzed by ICP

methods, specifically ALS code AuME -ST-43, which is the 25g Super Trace Au+ Multi Element PKG.

ALS also conducted internal QA/QC analyses using standards, blanks and duplicates for each batch of

samples analyzed. The QA/QC results were reviewed by Emgold and found to be adequate.

Qualified Person

Robert Pease, C.P.G., a qualified person under the NI 43-101 instrument, has reviewed and approved the

content of this press release.

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About Emgold

Emgold is a gold and base metal exploration 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 value 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 Corporation’s

(TSX:OIII) Malarctic Property (Marban Project). Th e Trecesson Property is located 50 km north of Val

d’Or Mining Camp. 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 adjacent 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 bas ed 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.