New Gold Zone Discovered At Stewart Property

TORONTO - Emgold Mining Corporation reported successful completion of its 2012 Exploration Program at its Stewart Property, BC. The Program is highlighted by: Discovery of a new gold exploration target called the Stewart Creek Gold Zone; Discovery of a new base metal exploration target at the Free Silver Zone; and Further expansion of the Stewart Moly Zone to depth.

Emgold completed 1,444.5 metres of BTW size diamond core drilling in 11 drill holes on the Property focusing on three exploration targets. Highlights of the Program for the Stewart Creek Gold Zone include: 3.0 gram per tonne ("g/t") gold over 1.35 metres ("m") (from 24.55 m to 25.90 m) in drill hole 12SC-01; 1.1 g/t gold over 2.2 m (from 31.95 m to 34.15 m) and 2.8 g/t gold over 1.60 m (from 46.8 m to 48.4 m) in drill hole 12SC-02; and 1.8 g/t gold over 1.0 meters (from 48.90 m to 49.90 m) and 2.4 g/t gold over 0.7 m (from 122.00 to 122.70 m) in drill hole 12SC-03.

Highlights of the Program for the Free Silver Zone include: 0.08% lead and 0.36% zinc over 2.10 m (from 8.20 m to 10.30 m), 0.20% lead and 0.36% zinc over 7.6 m (from 43.7 m to 51.30 m), and 0.11% lead and 0.34% zinc over 17.55 m (from 57.75 m to 75.3 m) in drill hole 12FS-01; 0.05% lead and 0.14% zinc over 30.34 m (from 64.60 m to 94.94 m) in drill hole 12FS-02; 0.07% lead and 0.19% zinc over 11.20 m (from 39.80 m to 51.0 m) in drill hole 12FS-03; 0.05% lead and 0.11% zinc over 25.4 m (from 37.90 m to 63.30 m) in drill hole 12FS-04; and 0.09% lead and 0.08% zinc over 4.2 m (from 45.90 m to 49.70 m) and 0.05% lead and 0.13% zinc over 3.85 m (from 108.50 m to 112.35 m) in drill hole 12FS-06.

The Stewart Creek Gold Zone was identified as an exploration target through analysis of historic geochemical sampling on the Property. Geochemical analysis showed an area with elevated zinc, lead, and molybdenum. In addition, veining in the target area has been exposed by a road cut created by logging activities. Emgold is pleased to announce that drilling has resulted in discovery of a new gold exploration target on the Property which, along with the Craigtown Creek Gold Zone located in the southwest portion of the Property, warrants additional exploration.