Mr. David Brett reports

ENGOLD CLOSES NON-BROKERED FLOW-THROUGH FINANCING

Engold Mines Ltd. has closed an insider-lead non-brokered private placement of four million flow-through units at a price of eight cents per unit for gross proceeds of $320,000. The units consist of one flow-through common share and one two-year warrant to purchase one non-flow-through common share at a price of 10 cents per share. Finders' fees of $8,400 in cash were paid and 105,000 finders' warrants were issued in connection with the financing. Each finders' warrant entitles the holder to acquire on common share at 10 cents per share for two years.

Proceeds of the financing will be used to explore the company's 100-per-cent-owned, fully permitted Lac La Hache copper-gold property in the southern Cariboo region of British Columbia. The exploration costs incurred as a result of the financing will qualify as critical mineral flow-through mining expenditures.

About Engold Mines Ltd.

Engold is a Vancouver-based copper, gold, silver and magnetite exploration company focused solely on its 100-per-cent-owned Lac La Hache property in the Cariboo region of B.C. which hosts the Spout copper deposit, the Aurizon gold deposit and the G1 copper deposit, 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.