|November 30, 2000|
Normal Course Issuer Bid
|Energold Mining Ltd. (the "Company") advises that its notice of intention to make a normal course issuer bid (the "Bid"), whereby it may purchase up to 1.2 million of its shares representing 10% of the Public Float of the Company, has been accepted by the Canadian Venture Exchange.|
The Bid will be effective on December 1, 2000 and end on November 30, 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.
Shareholders can obtain a copy of the notice of intention to make a normal course issuer bid, without charge, by contacting the Company.
On behalf of the Directors
Frederick W. Davidson
For further information please contact:
Walter Sellmer or
Director Fred Davidson
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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