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Re: News Release - Thursday, April 19, 2007
Energold Announces Record Year-End Results
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Energold Drilling Corp. (EGD:TSX.V) ("the Company") is pleased to
announce its 2006 consolidated results. Earnings for the year were
$3,697,000 (2005- $1,087,000), which includes a "dilution gain" on the
investment in IMPACT Silver Corp. Gross revenues were $25.5 million on
190,000m of drilling up 71% from gross revenues of $14.9 million in
2005 on 118,000m of drilling. Earnings per share were $0.17 up from
$0.05 in the prior year. A dilution gain of $1,177,000, net of future
income taxes, on the investment in IMPACT was recorded for the year
(2005- $184,000). This "dilution gain" arises when a subsidiary issues
its own shares to third party interests, which results in a difference
between the Company's share of the proceeds and its carrying value of
the subsidiary.

The Company ended the year with a very strong balance sheet with a net
consolidated working capital position of about $18.6 million, an
increase of just over $5.0 million from its net consolidated working
capital position of $13.5 million at December 31, 2005. Consolidated
group cash and cash equivalents at the end of the year were about $10.8
million. A significant portion of our increased working capital
position reflects our increased investment to $8.2 million in drilling
inventories. Our balance sheet strength also does not reflect the
current market value of our equity investment in IMPACT. Based on
closing market prices at April 18, 2007 the investment has a current
market value of $13 million or $10 million more than our carrying cost.
Energold had 22.2 million shares outstanding as of December 31, 2006.

Year-end Results Comparison (Canadian $ 000's except per-share amounts
and meters drilled)

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December 31 2006 2005
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Income before Taxes 5,459 1,296
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Net Income 3,697 1,087
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Earnings Per Share - Basic 0.17 0.05
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- Diluted 0.16 0.05
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Cash and Term Deposits 10,800 5,400
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Consolidated Working Capital 18,600 13,500
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Metres Drilled 190,000 118,000
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The Company fully consolidates its 50.01%-owned Pac Rim Drilling
S.A.C., 50%-owned subsidiary Kluane International Drilling Inc. and its
affiliates. The Company's 16.7% interest in IMPACT Silver Corp. (IPT:
TSX.V) is accounted for on an equity basis. As at December 31, 2006,
the Company shared a 50% ownership with partners in 17 drill rigs.

The increase in the overall level of activity reflected the existing
demand within the industry and the growth of the Company's particular
niche within that industry. With the exception of Central America,
every region experienced significant growth. The efforts of prior
years provided the establishment of the infrastructure necessary to
handle this increase and the Company is anticipating further growth in
2007. The Company anticipates the addition of approximately 6-7 new
rigs during the period, and plans to more deeply penetrate certain
existing markets while expanding into at least one new market.

A webcast discussing the annual results is being been scheduled.
Further details will follow.

Energold Drilling Corp. is an environmentally- and socially-sensitive
diamond drilling company that services the mining industry. Energold
also holds 6.6 million shares of IMPACT Silver Corp. (IPT: TSX-V) and a
portfolio of exploration projects in the Dominican Republic.

On behalf of the Directors of Energold Drilling Corp.

"Frederick W. Davidson"
President, CEO

For further information, please contact:
Darrell Rader - Corporate Development

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Copyright (c) 2007 ENERGOLD DRILLING CORP. (EGD) All rights reserved.
For more information visit our website at http://www.energold.com/ or
send mailto:info@energold.com
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