Emgold completes second and final closing on its CDN$9.18 million non-brokered private placement

TSX Venture Exchange Symbol: EMR
SEC 12g3-2(b): 82-3003

VANCOUVER, June 13 /CNW/ - Emgold Mining Corporation (EMR-TSX-V)
("Emgold") is pleased to announce that on June 10, 2005, it received final
acceptance from the TSX Venture Exchange to close on and issue 14,880,000
Units at CDN$0.50 per Unit, pursuant to the non-brokered private placement
financing, previously announced on March 31, 2005. Each Unit is comprised of
one common share in the capital of Emgold and one non-transferable share
purchase warrant.
On May 3, 2005, Emgold received conditional acceptance from the TSX
Venture Exchange to close on and issue 3,480,000 Units of the total 
18,360,000 Units subscribed for purchase pursuant to the above noted private
placement. In conjunction with the May 3, 2005, first closing Emgold has now
issued a total of 18,360,000 Units for gross proceeds of CDN$9,180,000.
Each share purchase warrant issued on May 3, 2005, entitles the holder to
purchase one additional common share of the Company at an exercise price of
CDN$0.70 per share up to and including May 3, 2007. Each share purchase
warrant issued on June 10, 2005, entitles the holder to purchase one
additional common share of the Company at an exercise price of CDN$0.70 per
share up to and including June 10, 2007.
14,880,000 of the total Units subscribed for were purchased by Galaxy
Fund, Inc. ("Galaxy"), a well-established mutual fund based in Road Town,
British Virgin Islands. Emgold welcomes its participation in the private
placement as a significant vote of confidence in its Idaho-Maryland Project
and the business plan associated with its development. On issuance of the
shares subscribed for, Galaxy now holds approximately 23% of the issued and
outstanding voting shares of Emgold, and if all of the warrants included in
the private placement are exercised, this percentage could increase to
approximately 36%. Under the rules and policies of the TSX Venture Exchange,
this shareholding constitutes Galaxy a "control person" of Emgold, and
accordingly Emgold sought and received shareholder approval of the private
placement to Galaxy at its annual and special general shareholders meeting
held on June 8, 2005.
All shares, warrants and any shares issued upon exercise of the warrants
with respect to the above May 3, 2005, and June 10, 2005, closing are subject
to a hold period and may not be traded for a four month period expiring
September 4, 2005 and October 11, 2005, respectively.
In consideration for introducing Emgold to purchasers for the         
non-brokered financing, Emgold issued cash finder's fees equal to 4% of the
total gross proceeds received to UCA Ventures Ltd.
The securities offered have not been registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or an applicable exemption from the
registration requirements. This press release shall not constitute an offer of
securities for sale in the United States or Canada or the solicitation of an
offer to buy securities in the United States or Canada, nor shall there be any
sale of the securities in any jurisdiction or state in which such offer,
solicitation or sale would be unlawful.
Proceeds from the Offering will be used to fund further exploration and
development of the Company's Idaho-Maryland Project in Grass Valley,
California, on-going development and commercialization of the Ceramext(TM)
process and for general administrative purposes. Expenses for the        
Idaho-Maryland Project include the activities associated with the application
for a Conditional Use Permit, on-going geologic investigations and
exploration, property acquisitions, mine planning and community relations
activities. The further development of the Ceramext(TM) process includes
research and development, operation and expansion of the pilot plant, design
of a demonstration plant, marketing studies, feasibility and protection of
intellectual property. Additional testing of the Ceramext(TM) process is being
conducted on other feed materials for a wide range of new applications.
For more information about Emgold, the Stewart, Rozan and Jazz Properties
in British Columbia, the Idaho-Maryland Project and the Ceramext(TM) Process,
please visit www.emgold.com or www.sedar.com.

                      William J. Witte, P.Eng.
                President and Chief Executive Officer

       No regulatory authority has approved or disapproved the
             information contained in this news release.

This news release includes certain statements that may be deemed 
"forward-looking statements". All statements in this release, other than
statements of historical facts, that address future production, reserve
potential, exploration drilling, exploitation activities and events or
developments that the Company expects are forward-looking statements. Although
the Company believes the expectations expressed in such forward looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors that could
cause actual results to differ materially from those in forward-looking
statements include market prices, exploitation and exploration successes, and
continued availability of capital and financing, and general economic, market
or business conditions. Investors are cautioned that any such statements are
not guarantees of future performance and that actual results or developments
may differ materially from those projected in the forward-looking statements.
For more information on the Company, Investors should review the Company's
filings that are available at www.sedar.com or the Company's website at
www.emgold.com.