|November 21, 2000|
Normal Course Issuer Bid
|A M E N D E D|
Energold Mining Ltd. (the "Company") announces its intention to make a normal course issuer bid (the "Bid"), subject to regulatory approval, whereby it may purchase up to 1.2 million of its shares representing 10% of the Public Float of the Company, as defined by the Canadian Venture Exchange. The Bid will commence on November 24, 2000 and end on November 24, 2001 or such earlier date determined by the Company. All purchases will be made through the facilities of the Canadian Venture Exchange at the market price of the shares at the time of acquisition. The Company is of the view that the current market price of its shares is below their net asset value and, as a result, the purchase of its shares is a reasonable investment by the Company. The Company has not previously purchased any of its own shares.
On behalf of the Directors
H. Walter Sellmer
For further information please contact:
Walter Sellmer or
The Canadian Venture Exchange has neither approved nor disapproved this news release.
900-543 Granville St.
Vancouver, B.C. V6C 1X8
Telephone: (604) 681-9501
Facsimile: (604) 681-6813
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