August 12, 2020. Vancouver, BC. David H. Brett, President & CEO, EnGold Mines Ltd., (TSX-V: EGM, “EnGold” or the “Company”) reports that the Company has increased the size of its previously announced (August 7, 2020) non-brokered private placement of 4,666,667 flow-through units at a price of $0.075 per unit for gross proceeds of $350,000 to up to 8,000,000 units for gross proceeds of up to $600,000, subject to TSX Venture Exchange acceptance.  The units consist of one flow-through common share and one half of one warrant, whereby each whole warrant will entitle the holder to purchase one non-flow-through common share at a price of $0.10 per share for a period of two years. The net proceeds will be used to explore the Company’s Lac La Hache Project in the Cariboo region of BC.

The Company expects to pay a 7% finder’s fee in connection with part of the financing consisting of 7% cash and 7% finder’s share purchase warrants entitling the holder to purchase one non-flow-through common share at a price of $0.10 per share for one year.

About EnGold

EnGold is a Vancouver-based copper, gold, silver, magnetite exploration company focused solely on its 100% owned Lac La Hache property in the Cariboo region of BC which hosts the Spout Copper Deposit, the Aurizon Gold Deposit and the G1 Copper Discovery and other targets within a large porphyry mineralizing system. With world class infrastructure at its doorstep, Lac La Hache is a great location to be exploring.

EnGold Mines Ltd.
David Brett
President & CEO
For further info contact David Brett, 604-682-2421 or david@engold.ca