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EMR.V ·

Emgold Files to Terminate SEC Registration and Reporting Obligations, Continues U.s. Trading ON OTC Pink Market

Corporate Updates

EMGOLD MINING CORPORATION

Suite 1015 – 789 West Pender Street

Vancouver, B.C. V6C 1H2

www.emgold.com

December 31, 2018 TSX Venture Exchange : EMR

OTC : EGMCF

Frankfurt Exchange : EMLN

EMGOLD FILES TO TERMINATE SEC REGISTRATION

AND REPORTING OBLIGATIONS,

CONTINUES U.S. TRADING ON OTC PINK MARKET

Vancouver, British Columbia - Emgold Mining Corporation (TSX-V: EMR) (OTC:EGMCF)

("Emgold" or the "Company") announces the Company has determined that the costs associated with

continuing its registration and reporting under the U.S. Securities Exchange Act of 1934 (“Exchange

Act”) outweigh the benefits of mai ntaining them, and therefore the Company will voluntarily file a Form

15F with the United States Securities and Exchange Commission to terminate the registration of its class

of common shares under Section 12(g) of the Exchange Act, and its reporting oblig ations under Section

13(a) of the Exchange Act.

The Company's shares will continue to trade on the TSX Venture Exchange and the OTC Pink Market,

and the Company will continue to meet its Canadian continuous disclosure obligations through filings

with the applicable Canadian securities regulators. All of the Company's filings can be found on the

SEDAR website at www.sedar.com.

About Emgold

Emgold is a junior gold exploration company focused on Quebec, Nevada, and British Columba .

Through the recent sale of its Troilus North Property in Quebec, Emgold owns 3.75 million shares of

Troilus Gold Corporation (TSX: TLG). Emgold has a 100% interest in the Golden Arrow Property in

Nevada, an advanced stage gold and silver exploration proper ty. On December 12, 2018, Emgold

announced it had signed a letter of intent to lease, with option to purchase, the Marietta Property in

Nevada. Marietta is an early stage exploration property with near surface gold and silver mineralization

and a conceptual copper porphyry target at depth. Details on these, and Emgold’s other properties, can be

found at www.emgold.com.

On behalf of the Board of Director

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 t his

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 le gislation, including the United States Private

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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 and the

results of terminating its SEC registration and reporting requirements , are forward -looking statements. Although the Company

believes that such statements are reasonable, it can give no assurance that such expec tations will prove to be correct. Forward -

looking statements are typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "postu late"

and similar expressions, or are those, which, by their nature, refer to future even ts. 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, issues raised during the

Company's due diligence on the Troilus North Property, 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, t he

costs and timing of the development of new deposits, requirements for additional capital, futur e 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, pe rmits 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 permits, consents or authorizatio ns 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 v enture 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 acce ssed 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 u ndertakes 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.