EMGOLD MINING CORPORATION
Suite 1400 – 570 Granville Street
Vancouver, B.C. V6C 3P1
www.emgold.com
September 20, 2006
TSX Venture Exchange:EMR
OTC Bulletin Board:EGMCF
U.S. 20-F Registration:000-51411
Frankfurt Stock Exchange:EML
EMGOLD COMPLETES NON-BROKERED FINANCING
Emgold Mining Corporation (EMR-TSX-V) (“Emgold”) is pleased to announce that it has completed a non-brokered private placement of 1,426,202 units (the “Units) at a price of $0.60 per Unit for aggregate gross proceeds of $855,721 (the “Offering”). Each Unit is comprised of one common share in the capital of Emgold and one-half of one non-transferable share purchase warrant. Each whole share purchase warrant entitles the holder to purchase one additional common share of Emgold at an exercise price of $1.00 per share until September 15, 2008.
Bolder Investment Partners Ltd., John H. Mesrobian Esq., CIBC World Markets Inc. and Loeb Aron & Company Ltd. received, in aggregate, finder’s fees totalling $44,316, being 6% of gross proceeds on $738,601 (exclusive of insider subscriptions). All shares, warrants and any shares issued upon exercise of the warrants with respect to the Offering are subject to a hold period expiring January 16, 2007.
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 is not an offer of securities for sale in the United States or Canada. These securities may not be offered or sold in the United States or Canada absent registration or qualification or an exemption from registration or qualification. Any public offering of securities to be made in the United States and Canada will be made by means of a prospectus that may be obtained from Emgold and that will contain detailed information about Emgold and management, as well as financial statements.
Proceeds from the Offering will be used to fund further exploration, permitting and development of Emgold’s Idaho-Maryland project in Grass Valley, California, on-going development and commercialization of the Ceramext™ process, exploration of Emgold’s properties in British Columbia and for general working capital.
For more information about Emgold, the Stewart, Rozan and Jazz Properties in British Columbia, the Idaho-Maryland Project in California and the Ceramext™ Process, please visitwww.emgold.com orwww.sedar.com.
On Behalf of the Board of Directors,
William J. (Bill) Witte, P.Eng.
President and Chief Executive Officer
For further information please contact:Michael O’Connor,Manager, Investor Relations
Tel: (604) 687-4622 Fax: (604) 687-4212 Toll Free 1-888-267-1400
Email:info@emgold.com
No regulatory authority has approved or disapproved the information contained in this news release.
