Emgold Announces Private Placement
**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO
UNITED STATES NEWS WIRE SERVICES**
EMGOLD MINING CORPORATION
Suite 1015 – 789 West Pender Street
Vancouver, B.C. V6C 1H2
www.emgold.com
March 8, 2019 TSX Venture Exchange : EMR
OTC : EGMCF
Frankfurt Exchange : EMLN
EMGOLD ANNOUNCES PRIVATE PLACEMENT,
CLOSES FIRST TRANCHE, AND PROVIDES UPDATES
Vancouver, British Columbia - Emgold Mining Corporation (TSX -V: EMR) ( “Emgold” or the
“Company”) announces that it plans to carry out a non-brokered private placement of up to 12,500,000
units (“Units”) of the Company at CDN$0.1 2 per Unit to raise up to CDN$ 1,500,000. Each Unit will
consist of one common share (a “ Share”) of the Company and one non-transferable share purchase
warrant (a “Warrant”). Each Warrant will entitle the holder to purchase, for a period of 24 months from
the date of issuance , one additional Share of the Company at a price of CDN$0. 17 per Share (the
“Financing”). The Shares to be issued in connection with the Financing , including the Shares to be
issued upon exercise of the Warrants, will be subject to a minimum statutory hold period of four months.
The Financing is subject to TSX Venture Exchange (the “ Exchange”) approval. Finder's fees may be
payable in connection with some or all of the Financing in accordance with Exchange policies.
Emgold Closes First Tranche of Financing
Emgold further announces it has closed this day a first tranche of the Financing and will issue 5,447,900
Units for gross proceeds of CDN$653,748. No finders’ fees were paid in connection to this first tranche
of the Financing . Proceeds of the Financing will be used for general working capital purposes,
acquisition, and exploration o f Emgold’s properties in Quebec and Nevada , including the Casa So uth
Property which Emgold is in the process of optioning.
Casa South Property Option Update
On December 13, 2018, the Company announced it had completed an assignment agreement allowing it
to option and acquire up to a 91% interest in the Casa South Proper ty, Quebec. The Company has
completed a Definitive Agreement with Greg Exploration Inc. and Affiliates ( collectively referred to as
the “Vendors”). Emgold and the Vendors are in the process of completing a NI 43-101 Technical Report
on the Property and m eeting other Exchange requirement to obtain approval of the transaction from the
Exchange. The Casa South Property is south of and adjacent to Hecla Mining Corporation’s ( NYSE:
HL)(“Hecla”) operating Casa Berardi Mine. According to Hecla ’s November 21, 2019 press release,
Casa Berardi Mine produced 162,744 ounces of gold in 2018. Note that the presence of mineral resources
and mining reserves at Casa Berardi Mine does not guarantee mineral resources and reserves will be
delineated on the Casa South Property.
Troilus Gold Update
Emgold holds 3.75 million shares of Troilus Gold Corporation (TSX:TLG)(“Troilus”). On January 3,
2019, Troilus file d a new Technical Report on the Troilus Project, QC which is available under that
company’s filings on SEDAR at www.sedar.com and on their website at www.troilusgold.com. On
February 7, 2019, Troilus announced a 2019 Exploration Program on the Troilus Project which includes
at least 40,000 meters of drilling.
- 2 -
Golden Arrow Property Update
In October 2018, Emgold acquired a 100 percent interest in the Golden Arrow Property, NV from Nevada
Sunrise Gold Corporation (TSX-V: NEV) (“Nevada Sunrise”). Emgold has changed the name of its 100
percent owned subsidiary Ida ho-Maryland Mining Corporation to Golden Arrow Mining Corporation.
Emgold is working with Nevada Sunrise to transfer the Golden Arrow Property and reclamation bonds for
the Golden Arrow Property into this subsidiary.
Buckskin Rawhide East Property Update
On February 19, 2019, Coral Reef Capital, New York announced that its portfolio company Rawhide
Mining LLC (“ RMC”) had received the permits from the Nevada Bureau of Land Management and
Nevada Division of Environmental Protection to expand the Rawhide Mine, NV. In conjunction with
receiving the permits, they closed a $21.1 million senior debt and equipment financing for the expansion.
The expansion includes Emgold’s Buckskin Rawhide East Property, which is leased by RMC. The new
Plan of Operations an d Environmental Assessment will allow RMC to drill on the Buckskin Rawhide
East Property with the goal of defining mineral resources and reserves that may potentially be minable at
the adjacent Rawhide Mine facilities , subject to exploration success and othe r factors. Note that no
mineral resources or reserves have currently be defined on the Property that complies with National
Instrument 43-101
Marietta Option Update
As announced by press release on December 12, 2018, the Company signed a Letter of Intent to lease,
with option to purchase, the Marietta Property, NV. The Letter of Intent was terminated on March 1,
2019 and the Company is currently evaluating other property acquisition opportunities.
About Emgold
Emgold is a junior gold exploration and development company focused on Nevada, Quebec, and British
Columba. Our properties include the Golden Arrow, Buckskin Rawhide East, Buckskin Rawhide West,
and Koegel Rawhide Properties in Nevada ; the Casa South Property in Quebec (subject to Exchange
approval); and the Stewart and Rozan properties in British Columbia. Through the sale of our Troilus
North Proper ty in Quebec , announced on November 28, 2018, Emgold owns 3.75 million shares of
Troilus Gold Corporation.
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 n ot 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 registration 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 b uy nor will
there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful.
- 3 -
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 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 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 Litigation Reform Act of 1995. All statements, other than sta tements of historical fact,
included herein including, without limitation, statements regarding the anticipated business plans and timing of
future activities of the Company, the potential acquisition of up to a 91% interest in the Casa South Property, the
successful completion of associated financing activities are forward -looking statements. 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: "believe", "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, 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, the
costs and timing of the development of new deposits, requirements for additional capital, future prices of precious
metals, changes in general economic co nditions, 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 c onstruction activities, changes in laws,
regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any
necessary permits, consents or authorizations required, including TSX -V acceptance of any current or f uture
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 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. All of the Company's Canadian 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.
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.