Exploration Update For New York Canyon Property

VANCOUVER - Emgold Mining Corporation reported on exploration diamond core holes and re-assay results from one historic diamond core hole drilled at its New York Canyon Property in Nevada. Exploration activities are being carried out by Kennecott Exploration Company (KEX), a subsidiary of Rio Tinto plc, in connection with KEX's earn-in obligations under the Earn-In with Option to Joint Venture Agreement (the " Agreement ") between Emgold and KEX first announced by press release on February 11, 2020.

Key exploration results include: 1) Hole NYCN0008 intersected 101.89 m of 0.350% CuEq, including 17.14 m of 0.734% CuEq, 4.76 m of 0.783% CuEq, and 3.00 m of 1.062% CuEq; 2) Assay results and favorable rock alteration in hole NYCN0008 expands one of the three main exploration targets on the Property, the Copper Queen Target, to the southeast, where it remains open for further expansion; and 3) Re-assaying of selected core intervals of historic drill hole MN-27, originally drilled in 1972 and located to approximately 300 m to the west of NYCN0008, reported 30.48 m of 0.300% CuEq, 30.48 m of 0.124% CuEq, and 11.28 m of 0.148% CuEq.

David Watkinson, President and CEO, said, "KEX has wrapped up its 2021 exploration field work at New York Canyon and we are now awaiting assay results from three diamond drill holes. Results to date are encouraging with hole NYCN0008 showing higher grade CuEq intercepts as well as expanding the Copper Queen Target to the southeast. After obtaining the remaining exploration data from its 2021 exploration program, analyzing the results, and completion of a 3-D exploration model in the first half of 2022, KEX plans to continue its exploration efforts at New York Canyon".