|March 31, 2010|
Energold Completes Shares For Debt Transaction
|Energold Drilling Corp. ("Energold" or "the Company") is pleased to announce that following TSX Venture Exchange ("Exchange") approval of a shares for debt settlement to five individuals as partial payment of the purchase price for the Company's acquisition of the assets and drilling operations of Envirodrill Ltd., United Kingdom, Energold has issued an aggregate of 107,225 common shares at a deemed price of $2.30 per share to settle outstanding third party debt for $246,617. The common shares issued are subject to a four-month hold period under Exchange policies. |
Energold Drilling Corp. is a contract diamond drilling company servicing the international mining industry. Throughout its operations in the developing world, Energold emphasizes an environmentally and socially sensitive approach to drilling. Energold also holds 6.6 million shares of IMPACT Silver Corp., a profitable silver producer in Mexico.
On behalf of the Directors of Energold Drilling Corp.,
"Frederick W. Davidson"
For further information, please contact:
Craig Geier, VP Corporate Development
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
1100 - 543 Granville Street
Vancouver, BC V6C 1X8
Telephone 604 681 9501
Facsimile 604 681 6813
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