Mr. David Watkinson reports

EMGOLD CLOSES THIRD TRANCHE OF A FLOW-THROUGH PRIVATE PLACEMENT

Emgold Mining Corp. has completed a third tranche of its non-brokered flow-through private placement by the issuance of 553,000 flow-through units issued at a price of 15 cents per FT unit for gross proceeds of $83,025. Together with the first and second tranches closed on June 27, 2018, and July 10, 2018, respectively, the company has raised aggregate gross proceeds of $685.214.75 to date as part of its flow-through financing. Each FT unit consists of one common share issued as a flow-through share of the company and one-half non-transferable common share purchase warrant. Each full FT warrant will entitle the holder to purchase, for a period of 24 months from the date of issuance, one additional common share issued at a price of 25 cents per share.

Finders' fees of $7,242 along with 10,000 finders' shares and 28,280 finders' warrants were payable to two parties in association with the closing of this third tranche of the flow-through financing. The closing of the third tranche of the flow-through financing and payment of finders' fees are subject to TSX Venture Exchange acceptance. Securities issued as part of the flow-through financing are subject to a statutory four-month-and-one-day hold from date of closing.

As announced in its press release dated May 22, 2018, and updated by a press release on June 5, 2018, Emgold is also in the process of completing a $1.5-million non-brokered non-flow-through private placement with the flow-through financing being up to an additional $1.0-million. Further details on the financings can be found by referring to those press releases.

About Emgold Mining Corp.

Emgold is a junior gold exploration and mine development company with several exploration properties located in the Quebec, Nevada and British Columbia. These include the Troilus North property in Quebec (under option), the Buckskin Rawhide East, Buckskin Rawhide West and Koegel Rawhide properties in Nevada, and the Stewart and Rozan properties located in British Columbia. The company is also in the process of acquiring a 51-per-cent interest in the advanced Golden Arrow property in Nevada with an option to acquire 100-per-cent interest.

Alain Moreau, PGeo, a qualified person under National Instrument 43-101, has reviewed and approved the content of this press release.

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