Emgold Enters Into Amended Option Agreement for the Troilus North Property, QC

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[{"type":"text","content":"Emgold Enters Into Amended Option Agreement for the Troilus North Property, QC(via TheNewswire)\n \n \nVancouver, British Columbia / TheNewswire / August 13th, 2018 - Emgold Mining Corporation (TSX-V: EMR) (OTC:EGMCF) (Frankfurt:EMLN) (\"Emgold\" or the \"Company\") is pleased to announce it has entered into an Amendment to the option agreement (the \"Option Agreement\"), entered with Chimata on June 27, 2018 and announced by press release on the same day, granting Emgold the option to acquire up to a 100% interest in the Property from Chimata. \n\n\n \nIn return for C$200,000 in cash and a payment of one million shares of the Company's stock, Chimata will reduce the exploration requirements under the Option Agreement for the Property from C$750,000 to C$300,000. With exploration work expected to completed on the Property in 2018, Emgold expects to complete 100% of the exploration requirements under the Option Agreement allowing the Company to subsequently move forward with the acquisition of the Property by making the remaining share payments outlined in the Option Agreement at timing of Emgold's choice, ensuring payments do not create a new control person under TSX Venture Exchange policies. \n\n\n \nAbout Emgold\n\n\n \nEmgold 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% interest in the advanced Golden Arrow Property in Nevada with an option to acquire 100% interest.\n\n\n \nAlain Moreau, P.Geo., a qualified person under the NI 43-101 instrument, has reviewed and approved the content of this press release.\n\n \n \nOn behalf of the Board of Directors\n\n\n \nDavid G. Watkinson, P.Eng.\nPresident & CEO\n\nFor further information please contact:\n\n\n \nDavid G. Watkinson, P.Eng.\nTel: 530-271-0679 Ext 101\nEmail: [email protected]\n\n \n \nThis release was prepared by the Company's management. Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for...

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