Emgold Closes Acquisition of an Option to Acquire up to a 91% Interest IN the CASA South Property, Quebec
EMGOLD MINING CORPORATION
Suite 1015 – 789 West Pender Street
Vancouver, B.C. V6C 1H2
www.emgold.com
March 20, 2019 TSX Venture Exchange : EMR
OTC : EGMCF
Frankfurt Exchange : EMLN
EMGOLD CLOSES ACQUISITION OF AN OPTION TO ACQUIRE UP TO
A 91% INTEREST IN THE CASA SOUTH PROPERTY, QUEBEC
Vancouver, British Columbia - Emgold Mining Corporation (TSXV: EMR) (“Emgold” or the
“Company”) announces it has closed this day the acquisition of an option to acquire up to a 91% interest
in the Casa South Property, QC (the “Property”), as previously announced and more fully described in
Company’s press release on December 14, 2018 and in March 19, 2019 (the “ Transaction”). All
currency amounts in this press release are in $CDN. The Transaction is an arms-length transaction.
As of the date hereof, the Company has completed the first option payment of $75,000 to Vendors as
required by the Option Agreement entered into between the Company and Vendors, and initiating the four
year Option Period. Concurrently, the Company has issued this day to the Assignor an amount of 807,692
common shares from its share capital representing $52,500, at a share price of $0.065 (based on the
Market Price, as defined in Exchange policies, of the common shares at the time of disclosing of the
Transaction).
Complete disclosure of the Transaction is pro vided in the Company’s press release da ted December 14,
2018 and March 19, 2019 and available at www.sedar.com.
About the Casa South Property
The Property is located approximately 80 kilometers north of the town of La S arre, Quebec or 105
kilometers west south -west of Matagami in the Casa Berardi township, James Bay Municipality. It is
located south of the Casa Berardi Mine, owned and operated by Hecla. It is accessible going north from
La Sarre via Casa Berardi Mine’s all season gravel road. The Property consists of 180 active mining titles
covering a total of 10,061 hectares. The claims are in one contiguous block.
The Property encompasses a lithologic context similar to the Cass Berardi deposit. Its exploration history
followed the same stages of evolution over a period of time from the 1960 to 1990 where exploration
focused sulfide rich polymetallic deposits similar to the Kidd Creek, Selbaie, or Mattagami deposits
discovered in the northern part of the Abitibi b elt. Exploration work on the claims was done by
companies such as Newmont, Noranda, and Cambior, among others.
Following the discovery of gold close to the Casa Berardi fault in 1981, various geophysical surveys were
done on the Property as well as soil and rock chip sampling and drilling looking for similar targets. The
historical gold potential appears to be located inside the Kama faults and related anomalies corresponding
to a three kilometer by two kilometer area where disseminated pyrite and arsenopyrite concentrations
were found in carbonated andesite along flow contacts. Over a period of 45 years, about 23,000 meters of
drilling was done on the Property in 47 drill holes. The Vendors have compiled a significant database of
information and conducted recent geophysics work that will aid Emgold in its exploration efforts.
Complete details on the Property are available in the Technical Report filed on SEDAR.
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About Emgold
Emgold is a Vancouver based gold exploration and mine development Company with exploration
properties located in the Quebec, Nevada, and British Columbia. These include 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. The Company recently acquired the Troilus
North property in Quebec and subsequently ven ded it to Troilus Gold Corporation (TSX: TLG) for 3.75
million shares and $250,000 in cash.
Alain Moreau, P.GEO. , a qualified person under the NI 43 -101 instrument, has reviewed and approved
the content of this press release.
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
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 Litig ation Reform Act of 1995. All statements, other than statements of historical fact, included herein including,
without limitation, statements regarding the anticipated results from exploration activities, the discovery and delineation o f
mineral deposits/ resources/reserves and 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 p rove 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, refe r to
future events.
The Company cautions investors that any forward -looking statements made 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 potential acquisition of the Casa South Property, further exploration, development, or mining activities on the
Casa South, Property, or its other Properties, operating and technical difficulties in connection with mineral exploration and
development a ctivities, 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 Company to obtain any
necessary permi ts, consents or authorizations required, including TSX Venture Exchange acceptance of any other current or
future property acquisitions or financings and other planned activities, the timing and possible outcome of any pending litig ation,
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. The
Company's Can adian 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.
The Company does not undertake to update any forwar d-looking information provided in this press release or Management's
Discussion and Analysis , except as, and to the extent required by, applicable securities laws. For more information on the
Company and its business, investors should review the Company’s annual information form and other regulatory filings filed
with securities commissions or si milar authorities in Canada that are available on SEDAR at www.sedar.com. The Company
reviews its forward-looking statements on an ongoing basis and updates this information when circumstances require it.
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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.