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Date 07-29-2010
Time 10:30
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Proposed Pipe Financing Terminated

 Emgold has elected not to proceed with the Interim and Equity Line Financing previously announced on July 23, 2009 and has terminated negotiations with Dunn Capital Corporation in this regard. Alternative financing arrangements are being considered along with potential new property acquisitions, but no definitive agreements have yet been entered into. The Company will continue to inform shareholders of its progress as developments occur.

On behalf of the Board of Directors,

David G. Watkinson, P.Eng.

President and Chief Operating Officer
For further information please contact:
Jeff Stuart, Manager, Investor Relations
Tel: (604) 687-4622 Fax: (604) 687-4212
Email: info@emgold.com

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release.
 
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You can view the Next News Releases - 2009 item: Tue Oct 27, 2009, Response To Dunn Capital

You can view the Previous News Releases - 2009 item: Wed Sep 23, 2009, Emgold Mining Corporation Annual And Special Meeting

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