Emgold Announces Non-Brokered Equity Financing

Emgold Mining Corporation (the "Company" or "Emgold") is pleased to announce that, subject to TSX Venture Exchange approval, Emgold proposes to carry out a non-brokered private placement of up to 5,357,143 units ("Units") of the Company at US$0.14 per Unit to raise US$750,000. Each Unit will consist of one common share of the Company and one non-transferable share purchase warrant (the "Warrant"). Each Warrant will entitle the holder to purchase, for a period of 24 months, one additional common share of the Company at a price of US$0.35. The shares and warrants issued in connection with this non-brokered private placement are subject to a minimum hold period of four months.

Finder's fees comprised of up to 8% cash and 8% in finder's warrants priced at US$0.35 may be payable in connection with some or all of the offering in accordance with TSX-Venture Exchange policies. The finder's warrants will be exercisable for a period of 24 months from the date of issuance. The offering is subject to all necessary regulatory approvals.

Emgold is currently in the advanced stage of permitting the Idaho-Maryland Project, located in Grass Valley, CA. The Idaho-Maryland Mine was the second largest underground gold mine in California, producing 2.4 million ounces of gold at an average recovered grade of 0.43 ounce per ton. It is adjacent to the Empire Mine, Newmont Mining Corporation's first operating gold mine and historically California's largest underground gold mine, which produced 5.8 million ounces of gold. Newmont retains the mineral rights to the Empire Mine. The Grass Valley Mining District produced over 17 million ounces of gold from 1850 to 1956. Both the Idaho-Maryland Mine and Empire Mine shut down in 1956 due to the fixed price of gold at US$35 per ounce and rising labor and supply costs after WWII. The Idaho-Maryland Project contains a NI 43-101 compliant measured and indicated resource of 472,000 ounces of gold at a grade of 0.28 ounces per ton and an inferred resource of 1,002,000 ounces of gold at a grade of 0.39 ounce per ton, estimated as at March 1, 2007 (See Emgold's NI 43-101 compliant Technical Report titled "Idaho-Maryland Mine Project" dated December 8, 2009, filed under the Company's profile at www.sedar.com)

The reopening of the Idaho-Maryland Gold Mine will bring 400 jobs to the City of Grass Valley, California. Approximately half of the positions are expected to be local hires. The Idaho-Maryland Project is also expected to generate significant local, state, and federal tax dollars. In addition, the Idaho-Maryland Project will have the environmental benefit of cleaning up an existing legacy mine site. At closure, the site will be reclaimed and the buildings and property will be redeveloped for use as a business park, bringing additional future economic benefit of Grass Valley. The Idaho-Maryland Project also includes an Education Center and Outdoor Mining Display Park that will be a year-round tourist attraction for Grass Valley and Nevada County.

For more information about Emgold, the Idaho-Maryland Gold Project and the Buckskin Rawhide, Stewart, and Rozan Properties, please visit www.emgold.com.

Information in this news release that is of a scientific or technical nature was prepared by Mr. Robert Pease, Professional Geologist (California), Chief Geologist and a Qualified Person as defined in National Instrument 43-101.

This release is not an offer of securities for sales in the United States. Securities may not be offered or sold in the United States absent registration or exemption from registration.