|December 22, 2005|
Energold Retains Ascenta Capital Partners to Provide Investor Relations Services
|Energold Drilling Corp. (EGD:TSX.V) is pleased to announce that it has, subject to regulatory approval, retained Ascenta Capital Partners Inc., a Vancouver-based company specializing in corporate finance and communications, to provide the company with investor relations services.|
"As Energold moves forward as a drilling services company, we look forward to working alongside Ascenta Capital," stated Fred Davidson, President & CEO. "Their expertise will ensure that our messages reach a whole new investor audience."
Ascenta is a full and comprehensive provider of corporate finance and investor relations services and will assist the company in fostering productive, continuing dialogues with analysts, brokers, investors and other financial professionals.
Ascenta will receive a monthly retainer of $5,000 for a 9-month term with a 3-month renewal subject to termination by either party on 30 days written notice. Energold will also issue as compensation an option to purchase 150,000 common shares at an exercise price of $1.14 per share for a one-year term. The options granted will vest in accordance with applicable regulations.
Energold Drilling Corp. is an environmentally and socially sensitive diamond drilling company that services the mining industry.
On behalf of the Directors of Energold Drilling Corp.
"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.
Vancouver, BC V6C 1X8
Telephone 604 681-9501
Facsimile 604 681-6813
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