Emgold Mining Corporation (‘Emgold’ or the "Company announces it has acquired the remaining 50% interest in the East-West Property, Quebec (the ‘Property’) owned by Knick Exploration Inc. (‘Knick’). Pursuant to a Loan Agreement dated January 3, 2020 between Emgold and Knick (the ‘Loan Agreement’), Emgold had agreed to make available to Knick a loan of up to CND 50,000. In order to secure the execution and performance of its obligations under the Loan Agreement, Knick hypothecated its mining claims in the Property (the ‘Mining Claims’) in favour of Emgold. Further to the signature of a Deed of Giving in Payment (the ‘Deed’), Knick gave the Mining Claims, in repayment of the loan, to Emgold, and in exchange, Emgold gave acquittance for the hypothecary debt affecting said Mining Claims. The transaction may be subject to regulatory approval.