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EMR.V ·

Emgold Retains German Market-Maker Services

Marketing Announcement

EMGOLD MINING CORPORATION

Suite 1015 – 789 West Pender Street

Vancouver, B.C. V6C 1H2

www.emgold.com

March 25, 2020 TSX Venture Exchange : EMR

OTC : EGMCF

Frankfurt Exchange : EMLM

EMGOLD RETAINS

GERMAN MARKET-MAKER SERVICES

Vancouver, British Columbia - Emgold Mining Corporation (TSXV:EMR, OTC:EGMCF,

FRA:EMLM) (“Emgold” or the “Company ”) announces that, subject to regulatory approval, it has

retained futurum bank AG ™ (“futurum” or “ futurum bank” ) to initiate market-making services and

provide assistance in maintaining an orderly trading market for the Company’s common shares on the

Frankfurt Stock Exchange (“FSE”). The futurum bank engages in the trading of stocks, bonds, and related

stock exchange products. Its clients include domestic and foreign banks, insurance com panies, assets

managers, and fund companies. It was originally founded in 1983 and is based in Frankfurt a m Main,

Germany.

The futurum bank is an arms-length entity to Emgold. Prior to the start of the contract, futurum had no

interest, direct or indirect, in the Company or its securities. There are no performance factors contained in

the agreement between futurum and the Company and futurum will not receive any shares or options from

the Company as compensation for the services rendered. Other than the fees disclosed below, any funds

required for the market-making services are provided by Futurum.

Emgold will pay a one -time up -front fee of 7,500 Euro and tri -annual fees of 10,000 Euros for these

services. The term of th e agreement is 12 months and can be extended for an additional 12 months . If

extended beyond 24 months, a 3 month notice period is required for cancellation. The agreement is subject

to TSX Venture Exchange approval.

About Emgold

Emgold is a junior 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. Our Nevada properties, owned or under option, include Golden Arrow, New York Canyon,

Mindora, Buckskin Rawhide East, Buckskin Rawhide West, and Koegel Rawhide. Our Quebec properties,

owned or under option, include Casa South and a 50% interest in the East -West Property (with option to

increase ownership to 55%).

Golden Arrow is a core asset for the Company with a measured and indicated gold and silver resource.

New York Canyon is an advanced stage exploration property under and Option to Joint Venture Agreement

with Rio Tinto Plc (NYSE: RIO) where subsidiary, Kennecott Exploration, can earn up to a 75% interest

in the property by completing US$22.5 million in expenditures after which a joint venture would be formed.

Buckskin Rawhide East is an inlying property to Rawhide Mining LLC’s operating Rawhide Mine. Casa

South is adjacent to Hecla Mining Corporation’s ( NYSE: HL) operating Casa Berardi Mine. East-West

is adjacent to and on strike with Wesdome Gold Mine Ltd.’s (TSX: WDO) Kiena Complex (past producing

Kiena Mine) and Osikso Mining Corporation’s ( TSX: OSK ) Marban Block (past producing Marban,

Norlartic, and Kierrans Mines). Note that the location of Emgold’s properties adjacent to producing or past

producing mines does not guarantee exploration success at Emgold’s properties. For more information on

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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 b e 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.