|May 03, 2005|
Stock Options and Bonus Shares
|Energold Mining Ltd. (EGD:TSX.V) announces that it has today granted incentive stock options under its Stock Option Plan to directors, employees and consultants for the purchase of a total of 1,000,000 common shares in its capital. The options are exercisable on or before May 3, 2010 at a price of $1.20 per common share. Energold will not proceed with the grant of stock options previously announced in its press release of February 25, 2005.|
Energold also announces that it will issue 50,000 of its common shares at a deemed price of $1.15 per common share to a director/officer as a bonus, which shares are subject to a four-month hold period.
On behalf of the Directors of Energold Mining Ltd.
"Frederick W. Davidson"
For further information, please contact:
Darrell Rader - Corporate Development
The TSX Venture Exchange has neither approved nor disapproved this news release.
900 - 543 Granville St.
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