|November 26, 2003|
Energold Announces Third Quarter Results And Webcast
|Energold Mining Ltd. (EGD:TSX.V) is pleased to announce a third quarter profit of $197,902 and a year to date profit of $433,973. Gross drilling revenues were $1.58 million for the quarter and $4.56 million year to date. Cash and cash equivalents ended the quarter at $778,285. Working capital was $2,331,569. The results of the consolidated company include a 46.7% interest in IMPACT Minerals International Inc. (IPT:TSX.V) and a 50% interest in Kluane International Drilling Inc.|
Kluane continues to expand its drilling activities while re-investing a good portion of its cash flows in order to maintain its momentum. As of the end of September, the Company owns eleven drills.
Exploration also continues, as the Company proceeds to work on its Dominican properties on its own account and with a joint venture partner. The Company's search for suitable exploration projects in Mexico continues with a focus on precious metal targets beyond the conventional grassroots stage.
Energold Mining Ltd. is pleased to announce that its review of the 2003 Third Quarter results will be broadcast live via the Internet at 12:30 PM ET, 9:30 AM PT, Friday, November 28, 2003.
The live webcast (audio only) can be accessed at: http://www.vcall.com/CEPage.asp?ID=85291 and will feature management discussing Energold's financial and operational results ending with a question and answer period. Since this webcast will be broadcasted in a listen-only mode, shareholders and interested investors are encouraged to submit any questions they may have to Energold by Thursday, November 27, 2003.
For those unable to listen to the webcast live, it will be archived at the Vcall website for the next 90 business days.
Vancouver-based Energold Mining Ltd. is a profitable exploration company focusing on precious and base metals targets within the Dominican Republic and South America.
On behalf of the Directors of Energold Mining Ltd.
"Frederick W. Davidson" For further information, please contact:
President Fred Davidson or
Darrell Rader - Corporate Development
The TSX 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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