Vancouver, British Columbia--(Newsfile Corp. - September 1, 2017) - Emgold Mining Corporation (TSXV: EMR)
("Emgold" or the "Company") is pleased to announce that it has received the necessary regulatory approval for 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-Consolidation 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 will 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, Computershare 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 pre-Consolidation Share
certificates to Computershare in exchange for a post-Consolidation Share certificate. 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 corporateactions@computershare.com.
As previously announced, Emgold is proceeding with its acquisition of an 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 comprehensive
exploration database including geochemical sampling, geophysics, and over 190,000 feet of reverse 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 financing (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.
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 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 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: info@emgold.com
This release was prepared by the Company's management. Neither the TSX Venture Exchange ("TSX-V) nor its Regulation Services
Provider (as the term is defined in the policies of the TSX-V) 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 statements of historical 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 for the Golden Arrow Property and 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 statements 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, including, issues raised during the Company's due diligence on the
Golden Arrow 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, 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 permits, consents or authorizations 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 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.
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