News Releases

 December 08, 2016
Energold Drilling Corp. Announces Management Change at Dando

 Energold Drilling Corp. (EGD: TSX.V) ("Energold" or "the Company" or "Energold Group") announces that Martin Fitch-Roy, Managing Director of Dando Drilling International Ltd., will step down from the management of the company as of December 2, 2016. Under his leadership, Dando has become a world leader in the design and manufacture of specialized drilling rigs. He will remain involved with Dando as an advisor to the Dando Board.

Wolf Raymer, Chairman of the Dando Board and a Director of Energold Drilling Corporation which is Dando's parent, will assume Chief Executive responsibility.

Energold Drilling Corp. is a leading global specialty drilling company that services the mining, energy, water, infrastructure, green and manufacturing sectors in approximately 25 countries. Specializing in a socially and environmentally sensitive approach to drilling, Energold provides a comprehensive range of drilling services from early stage exploration to onsite operations for both metals and energy in addition to its established drill rig manufacturer, Dando.

On behalf of the Directors of Energold Drilling Corp.,

"Frederick W. Davidson"
President, CEO

For further information, please contact:

Steven Gold -- Chief Financial Officer
(416) 275-4070 or via email at


Jerry Huang -- Manager, Corporate Development & Investor Relations
(604) 681-9501 or via email at

1100-543 Granville Street
Vancouver, BC, Canada V6C 1X8
Telephone      604 681 9501
Facsimile      604 681 6813

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements: Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to proposed activities, work programs and future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the effects of general economic conditions, a reduction in the demand for the Company's drilling services, the price of commodities, changing foreign exchange rates, actions by government authorities, the failure to find economically viable acquisition targets, title matters, environmental matters, reliance on key personnel, the ability for operational and other reasons to complete proposed activities and work programs, the need for additional financing and the timing and amount of expenditures. Energold Drilling Corp. does not assume the obligation to update any forward-looking statement.

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