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News Releases

 June 18, 2004
Energold Announces Assays From Real De Belem Drilling And Underground Sampling

 Energold Mining Ltd. (EGD:TSX.V) announces results from the first seven drill holes of a 1500 metre drill program and from underground sampling on the Real de Belem Project in Mexico.

The first seven holes drilled on the Belem Vein System all returned low values with the highest assay at 38g/t Ag and 0.3g/t Au across 0.6m in drill hole B04-05. Assays from three additional holes drilled on the eastern extension of the Belem Vein System are pending. The present drilling tested sections of the veins between the known high-grade zones and demonstrated that the high-grade mineralization in the Belem Vein System occurs in small shoots with apparent limited size potential.

During the past month Energold has carried out an extensive mapping and sampling program on the old underground workings at the San Antonio Vein System that runs parallel to the Belem System. Mapping and sampling has revealed five subparallel veins over a minimum strike length of 600m. A total of 125 surface, underground, and dump samples were collected from this area. The best results from this area include the following from underground sampling:
Width (m)   Ag (g/t)   Au (g/t)      Width (m)   Ag (g/t)   Au (g/t)
1.00          151        0.3            0.65        24        0.13
1.20          532        0.87           0.65       309        0.75
0.85          116        0.65           0.85       121        0.83
0.85          544        0.84           0.90        42        0.48

Width (m)   Ag (g/t)   Au (g/t)      Width (m)   Ag (g/t)   Au (g/t)
0.35         1165        0.89           0.40       425        0.80
0.45          192        0.26           1.05       638        0.43
0.45          110        0.27           0.65       551        1.13
0.35          139        0.48           0.50        59        0.18
0.75          125        0.24           1.00       830        0.69

As originally planned, four to five holes of the drill program will be completed on the San Antonio Vein System. Drill results will be reported as they are received and compiled.

The Real de Belem property is located 120km southwest of Mexico City in a historic mining district well known for epithermal silver and gold mines including the Taxco silver camp located 50km southeast of Belem. Under the Belem Option Agreement, Energold has the right to purchase the property, its assets and the mining operation at a fixed price. (See Energold News Release dated December 22, 2003 for details.)


All sampling reported in this news release was carried out by or under the direct supervision of N. Hulme, P. Geo., a Qualified Person as defined under Canadian National Instrument 43-101. Drill core samples were collected by splitting or sawing the core in half and consistently collecting one half of the core for assay. The remaining core was left in the core boxes for reference and check assay purposes. Chip and channel samples were collected from cleaned rock faces in old mine workings and from bedrock outcrops over a continuous representative interval using a moil and hammer. Waste dump samples were collected with a shovel over 3 to 3.5 meter lengths from the bottoms of 0.3 meter wide by 0.5 meter deep trenches excavated in lines approximately at right angles across the faces of the dumps. Typical samples averaged 2.5 5 kilograms.

All samples were shipped to the ALS Chemex preparation laboratory in Guadalajara (Mexico) where they were fine crushed (70% passing a 2mm screen), pulverized (85% passing a 75 micron screen) and pulp split separated for assay by a riffle splitter. These pulps were shipped to the ALS Chemex laboratory in North Vancouver Canada where a 30 gram split of each was assayed for gold and silver by fire assay with a gravimetric finish.

Vancouver-based Energold Mining Ltd. is a profitable exploration company focusing on precious and base metals targets within Mexico and the Dominican Republic. Energold owns 50% of Kluane International Drilling, a contract diamond drilling company and a controlling interest in IMPACT Minerals International Inc. (IPT: TSX.V), a silver focused exploration Company with properties in Mexico and the Dominican Republic.

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.

900 - 543 Granville St.
Vancouver, B.C. V6C 1X8

Telephone 604 681-9501
Facsimile 604 681-6813

You can view the Next News Releases item: Thu Jul 15, 2004, Energold Completes Drill Program At Real De Belem, Will Not Proceed With Agreement

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