EnGold Mines Ltd. announced a non-brokered private placement of 3,500,000 units at a price of CAD 0.15 per unit for gross proceeds of CAD 525,000 on September 15, 2022. Each unit will consist of one common share and one warrant, each warrant will entitle the holder to purchase one share at a price of CAD 0.20 per share for a period of two years. The securities issued in the transaction will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities.

No finders' fees or commissions will be paid with respect to the transaction. The transaction is subject to TSX Venture Exchange acceptance.