|February 20, 2004|
Arrangement for Sale of Shares
|Energold Mining Ltd. announces that certain shareholders of the Company entered into an arrangement for the sale of 1,000,000 previously issued common shares of the Company. Under the arrangement, these common shares have been sold by Bolder Investment Partners Ltd. through the facilities of the TSX Venture Exchange. The shareholders that participated in this sale are participating in the Company's recently announced private placement of 1,000,000 units at $0.70 per unit.|
On behalf of the Directors of Energold Mining Ltd.
"Frederick W. Davidson"
For further information, please contact:
Fred Davidson or
Darrell Rader -- Corporate Development
The TSX Venture Exchange has neither approved nor disapproved this news release.
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