Engold Mines Ltd., CA29330R1001

Engold Mines Ltd., CA29330R1001

12.04.2017 - 22:43:12

EnGold Closes $2 Million Financing

Vancouver, British Columbia (Newsfile Corp. - April 12, 2017) - David H. Brett, President & CEO, EnGold Mines Ltd., (TSXV: EGM) ('EnGold') reports that EnGold has closed a non-brokered private placement of 4,000,000 flow-through ('FT') units at $0.50 per unit (the 'Units') for gross proceeds of $2,000,000. The Units consist of one FT share and one warrant to purchase one non-FT common share at a price of $0.60 for a period of two years. One insider of EnGold participated in the private placement. All securities issued through the private placement are subject to a four month hold period expiring August 12, 2017. The proceeds of the financing will be used to fund ongoing exploration at EnGold's 100% owned Lac La Hache Property in the Cariboo region of BC, where drilling is expected to resume next week.

'Interest in this financing was strong and the offering was significantly oversubscribed,' said EnGold President & CEO David Brett. 'We are looking forward to recommencing our drill program at Lac La Hache next week.'

A 7% cash finder's totaling $140,000 was paid and 280,000 (7%) finder's warrants were issued granting the holder to purchase one non-FT share at $0.60 per share for a period of two years.

Engold Mines Ltd.Per/

David Brett, MBAPresident & CEOwww.engold.ca

For further info contact David Brett, 604-682-2421 or david@engold.ca

This news release may contain 'forward-looking statements'. Readers are cautioned that any such statements are not guarantees of future performance and that actual development or results may vary materially from those in these 'forward looking statements.'

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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12.04.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English

Company: Engold Mines Ltd.

Canada ISIN: CA29330R1001   End of News DGAP News Service

564747  12.04.2017 

@ dgap.de

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