Emgold Acquires One Hundred Percent Interest in East-West and Trecesson Properties, Quebec - Seite 2

It is also on trend, east of, and adjacent to O3 Mining Inc.'s (TSXV:OIII) Malarctic Property, which contains three past producing Mines (Marban, Norlartic, and Kierrans). These mines produced more than 590,000 ounces of gold. O3 Mining announced a positive Preliminary Economic Assessment, prepared in accordance with NI 43-101 for is Marban Project, which is part of the Malarctic Property (see O3 Mining's press release dated September 8, 2020 at www.o3mining.ca or under that company's corporate filings at www.sedar.com). The Marban Project and associated Marban resource is located just to the northwest of the East-West Property boundary.

Note that the location of the Property adjacent to the Kiena Complex or Malarctic Properties does not guarantee exploration success or that mineral resources and mineral reserves will be delineated on the East-West Property.

Historic drilling done on the property prior to Knick's ownership included 181 drill holes totaling 40,192 m. Selected significant drill intercepts (intercepts greater than 10.0 g/t Au and with lengths greater than 1.0 m) on the East-West Property from historic drilling prior to Knick's ownership (drilling between 1984 and 1987) include:

• 13.13 g/t Au over 1.83 m from a depth of 140.21 m to 142.04 m in hole CD-19
• 10.73 g/t Au over 1.22 m from a depth of 96.77 m to 97.99 m in hole CD-28
• 134.64 g/t Au over 1.68 m from a depth of 145.08 m to 146.86 m in hole CD-55
• 51.98 g/t Au over 3.20 m from a depth of 125.27 m to 127.47 m in hole CD-78
• 24.75 g/t Au over 1.52 m from a depth of 141.43 m to 142.95 m in hole CD-81
• 64.83 g/t Au over 2.75 m from a depth of 137.92 m to 140.67 m in hole CD-149
• 226.70 g/t Au over 2.24 m from a depth of 199.03 m to 201.17 m in hole CD-156
• 64.36 g/t Au over 1.68 m from a depth of 81.99 m to 83.36 m in hole CD-172

Selected significant drill intercepts (intercepts greater than 0.5 g/t and lengths greater than 3.0 m) from historic drilling prior to Knick's ownership of the property (drilling between 1984 and 1987) include:

• 2.26 g/t Au over 5.49 m from a depth of 89.61 m to 95.10 m in hold CD-84-10
• 4.09 g/t Au over 4.73 m from a depth of 96.01 m to 100.74 m in hold CD-84-10
• 4.14 g/t Au over 3.51 m from a depth of 103.17 m to 106.68 m in hole CD-84-10
• 51.98 g/t Au over 3.20 m from a depth of 125.27 m to 127.47 m in hole CD-78
• 2.11 g/t Au over 3.96 m from a depth of 103.02 m to 106.98 m in hold CD-79
• 1.29 g/t Au over 3.66 m from a depth of 78.94 m to 82.60 m in hole CD-83
• 3.60 g/t Au over 5.49 m from a depth of 210.31 m to 215.80 m in hole CD-92
• 2.79 g/t Au over 7.01 m from a depth of 26.88 m to 43.89 m in hole CD-111
• 1.54 g/t Au over 7.62 m from a depth of 201.32 m to 208.94 m in hole CD-114
• 1.03 g/t Au over 4.58 m from a depth of 70.10 m to 74.68 m in hole CD-145
• 1.20 g/t Au over 3.05 m from a depth of 106.68 m to 109.73 m in hole CD-150
• 3.86 g/t Au over 3.51 m from a depth of 150.72 m to 154.23 m in hole CD-152
• 0.86 g/t Au over 3.04 m from a depth of 159.11 m to 162.15 m in hole CD-161
• 0.69 g/t Au over 6.09 m from a depth of 128.02 to 134.11 m in hole CD-165
• 1.08 g/t Au over 4.12 m from a depth of 208.94 m to 213.06 m in hole CD-169
• 1.38 g/t Au over 3.05 m from a depth of 18.59 m to 21.64 m in hole CD-172
• 1.14 g/t Au over 4.57 from a depth of 32.92 m to 37.49 m in hole CD-173

Drilling indicates the potential for both higher grade mineralization (>10 g/t Au and withs > 1m) and lower grade bulk disseminated mineralization (>3 g/t and widths > 3 m). Note that no mineral resources or mining reserves have yet been defined on the East-West Property. True widths of intervals are unknown.