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EnGold Mines Ltd.: EnGold Announces $8 Million Non-Brokered Flow-Through Financing and Plans Consolidation of Capital Vancouver, British Columbia (Newsfile Corp. - May 25, 2021) - David H. Brett, President & CEO, EnGold Mines Ltd. (TSXV: EGM) ( EnGold or the Company ), reports that the Company has arranged an $8 million non-brokered private placement of flow-through units (the Financing ), subject to a consolidation of capital on a 10 for 1 basis (the Consolidation ). The Company currently has 256,465,446 common shares issued and outstanding. Upon completion of the Consolidation, the Company is expected to have approximately 25,646,544 common shares outstanding. Under the Financing, on a post-Consolidation basis, the Company will issue 16,000,000 units at a price of $0.50 per unit. Each unit will consist of one flow-through share and one-half of one warrant whereby each whole warrant will entitle the holder to purchase one common share at a price of $0.75 for period of two year

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