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EMR.V ·

Emgold Announces Completion of Share Consolidation, Moving Forward with Golden Arrow Acquisition

Corporate Actions

**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED

STATES NEWS WIRE SERVICES**

EMGOLD MINING CORPORATION

Suite 1010 – 789 West Pender Street

Vancouver, B.C. V6C 1H2

www.emgold.com

September 1, 2017 TSX Venture Exchange : EMR

OTC : EGMCF

Frankfurt Exchange : EMLN

EMGOLD ANNOUNCES COMPLETION OF SHARE CONSOLIDATION,

MOVING FORWARD WITH GOLDEN ARROW ACQUISITION

Emgold Mining Corporation (TSX-V: EMR) ("Emgold" or the "Company") is pleased to

announce that it has received the necessary regulatory approval f or a consolidation (the

"Consolidation") of the Company’s issued and outstanding common shares ( each a "Share") on

the basis of ten (10) pre-Consolidation Shares for one (1) post-Consoli dation Shares. The

Consolidation was previously announced in the Company's press release dated July 18, 2017.

Prior to the Consolidation, Emgold had 79,712,350 Shares issued and outstanding. Post-

Consolidation, the Company has 7,971,206 Shares issued and outstanding. Any fractional Share

will be converted to nearest whole Share. The Shares will trade under the new CUSIP Number

290928407 and ISIN number CA2909284077. The Company’s name and trading symbol wil l

remain the same. The Shares are expected to begin trading on a consolidated basis on or about

September 1, 2017.

No action is required to be taken by shareholders who hold their shares through a securities broker,

dealer, bank or trust company. Emgold’s transfer agent, Computer share Investor Services Inc.

("Computershare"), has sent a letter of transmittal to the registered shareholders that are required

to submit a duly-completed letter of transmittal and their pr e-Consolidation Share certificates to

Computershare in exchange for a post-Consolidation Share certific ate. If necessary, additional

copies of the letter of transmittal can be obtained by contacting Computershare at 1-800-564-6253

or by e-mail at [email protected].

As previously announced, Emgold is proceeding with its acquisition of a n 80% interest in the

Golden Arrow gold-silver property in Nevada (the "Golden Arrow Property"). The Golden Arrow

Property is an advanced-stage exploration property with a c omprehensive exploration database

including geochemical sampling, geophysics, and over 190,000 feet of r everse circulation and

diamond core drilling. A description of the property and details of the acquisition can be found in

the Company's press release dated July 18, 2017.

Also as previously announced, Emgold intends to complete an equity financ ing (the "Offering")

in conjunction with the execution of a definitive option agreement for the Golden Arrow Property.

The net proceeds of the Offering will be used to fund the initial acquisition cost of the Golden

Arrow Property, to conduct exploration on the property and Emgold' s other properties, and for

general working capital purposes. Details of this financing will be forthcoming.

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About Emgold

Emgold is a junior gold exploration and mine development company that has several exploration

properties located in the western United States and Canada. These include the Buckskin Rawhide

East, Buckskin Rawhide West, and Koegel Rawhide gold and silver properties in Nevada, and the

Stewart and Rozan poly-metallic properties in British Columbia.

This news release does not constitute an offer of sale of any of the above-mentioned securities in the United

States. The foregoing securities have not been and will not be registered under the United States Securities

Act of 1933, as amended (the "1933 Act") or any applicable state securities laws and may not be offered or

sold in the United States or to, or for the account or benefit of , U.S. persons (as defined in Regulation S

under the 1933 Act) or persons in the United States absent registrat ion or an applicable exemption from

such registration requirements. This news release does not constitute an offer to sell or the solicitation of

an offer to buy nor will there be any sale of the foregoing securities in any jurisdiction in which such offer,

solicitation or sale would be unlawful.

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]

This release was prepared by the Company's manageme nt. Neither the TSX Venture Exchange ("TSX-V) nor its

Regulation Services Provider (as the term is define d in the policies of the TSX-V) accepts responsibil ity for the

adequacy or accuracy of this 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 statemen ts 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 Litigation Reform Act of 1995. All statements, other than statements of hist orical fact,

included herein including, without limitation, statements regarding the anticipated business plans and timing of future

activities of the Company, the successful negotiation and execution of a definitive option agreement f or the Golden

Arrow Property and the successful completion of ass ociated financing activities are forward-looking st atements.

Although the Company believes that such statements are reasonable, it can give no assurance that such expectations

will prove to be correct. Forward-looking statement s are typically identified by words such as: "belie ve", "expect",

"anticipate", "intend", "estimate", "postulate" and similar expressions, or are those, which, by their nature, refer to

future events. 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 Golden

Arrow Property, operating and technical difficultie s in connection with mineral exploration and develo pment

activities, actual results of exploration activitie s, the estimation or realization of mineral reserve s and mineral

resources, the timing and amount of estimated futur e production, the costs of production, capital expe nditures, the

costs and timing of the development of new deposits , requirements for additional capital, future price s 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 dispute s, the inability of the Company to obtain any neces sary permits,

consents or authorizations required, including TSX- V acceptance of any current or future property acqu isitions or

financings and other planned activities, the timing and possible outcome of any pending litigation, en vironmental

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issues and liabilities, and risks related to joint venture operations, and other risks and uncertainti es disclosed in the

Company's latest interim Management's Discussion an d Analysis and filed with certain securities commis sions in

Canada. All of the Company's Canadian public discl osure 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.

Readers are cautioned not to place undue reliance o n forward-looking statements. The Company undertake s no

obligation to update any of the forward-looking statements in this news release or incorporated by ref erence herein,

except as otherwise required by law.