Mr. Jean Yves Therien reports

ESGOLD ANNOUNCES CLOSING OF FINANCING

Esgold Corp. has closed a non-brokered private placement of common share units.

The company raised gross proceeds of $37,000 by the issuance of 274,074 share units at a price of 13.5 cents per share unit. Each share unit comprises one common share and one-half common share purchase warrant. Each whole warrant is exercisable into one common share at a price of 20 cents for a period of 12 months from the date of closing. The company will use the proceeds of the share units for general corporate purposes.

All securities issued in connection with the offering are subject to a restricted hold period of four months and one day from the date of closing of the offering, under applicable securities legislation.

About Esgold Corp.

Esgold is a Canadian, environmentally aware resource exploration and processing company. Management has demonstrated expertise in advancing gold exploration projects into acquisition targets, most notably in the province of Quebec. Esgold's principal restoration and recovery project is the Montauban property in Quebec, just 80 kilometres west of Quebec City.