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Gold/Mining/Energy : Emgold-Lang Mining Group -- Ignore unavailable to you. Want to Upgrade?

To: robert b who wrote (53)	5/27/1999 9:43:00 PM
From: robert b	Read Replies (1) \| Respond to of 77

MORE CASH IN THE TILL ,,, press release... EMGOLD MINING CORPORATION 1610 - 777 Dunsmuir Street, P.O. Box 10435 Vancouver, B.C. V7Y 1K4 langmining.com April 13, 1999 Ticker Symbol: EMR.vse Standard & Poors Listing NEWS RELEASE The Company advises that it has closed a private placement for the issue of 982,000 units at a price of $0.25. Units are comprised of one common share and one non-transferable share purchase warrant entitling the holder thereof to purchase one additional share at a price of $0.30 for a period of 12 months. Frank A. Lang, P. Eng. President For further information please contact: The Investor Relations Department of the Lang Mining Group Tel: (604) 687 – 4622 Fax: (604) 687 - 4212 Toll Free: 1-888-267-1400 *********************************** So now we have a penny stock company that was able to collect nearly half a million dollars even in a rough resource market ... so they have enough cash to start their drilling program and/or feasibility study to "prove" in today's terminology a mineable resource/reserve or something to that effect. That should not be so hard considering this is a gold mine from the start and not just another "shot-in-the -dark" !

To: robert b who wrote (53)	5/27/1999 9:48:00 PM
From: robert b	Respond to of 77

First Quarter Interim Report - summary of activities EMGOLD MINING CORPORATION 1610 - 777 Dunsmuir Street, P.O. 10435 Vancouver, BC V7Y 1K4 Tel:(604) 687- 4622 Fax: (604) 687-4212 www.langmining.com First Quarter Interim Report For the Three Months Ended March 31, 1999 May 27, 1999 Ticker Symbol: EMR-vse SEC 12g3-2(b): 82-3003 Standard & Poors The Company is pleased to present an update of activities for the first quarter ended March 31, 1999. The Company continues to take steps to reduce cash-outflows while attempting to raise additional financing. The Company has curtailed activity at the project site and head office and has reduced staff levels and staff involvement accordingly. In April 1999, the Company completed a 982,000 unit private placement to raise a total of $245,500. Each unit consisted of one share and one share purchase warrant. Each warrant entitles the holder to acquire one additional share in the Company at $0.30 for a period of one year. Working capital commitments did not allow for the funds to be used to conduct the previously proposed 4,000-foot surface diamond drilling program. In May 1999, the Company obtained regulatory approval, for the amendment to the Lease and Option to Purchase Agreement for an 80-acre land parcel adjacent to the Company's 3,460 foot vertical New Brunswick shaft. The land parcel will be required to de-water and conduct underground diamond core drilling of the Company's 100% owned Idaho-Maryland Mine Property located in Grass Valley California and is expected to host the mill and tailings complex in the event the property is put into production. The Company has paid US$600,000 of the original US$2,000,000 option price. The amendment extends the payment date for the final US$1,400,000 option payment to December 10, 1999. As compensation for the amendment, the vendor has been issued one million common shares at a deemed value of $230,000. In the event the Company's average share price for 30 consecutive days anytime between the date of the amendment and December 10, 1999 is greater than or equal to US$3.00 per share, the Company will obtain immediate title to the property with no further compensation payable. The amendment also cancels the US$28,000 quarterly interest payments payable by the Company past June 10, 1998. The vendor holds the option to extend the terms of the amendment for one additional year to December 10, 2000. The Company plans to review its geological database to identify those resource blocks that are readily accessible with expected grades in excess of one ounce of gold per ton. If a sufficient resource can be identified, the Company hopes to use the information to attract additional financing or joint venture partners. The Company anticipates that the cost of putting together this resource information and a corresponding presentation will be approximately US$20,000. The Company continues to use the services of an investor relation's consultant to help raise investor awareness at a cost of $1,600 per month which has been reduced from the initial $4,000 per month charge. The Company has also incurred expenses of approximately $11,000 towards an E-mail promotional campaign and printing of additional shareholder information. Frank A. Lang, P.Eng. President & Chairman For further information, please contact: Andrew Hunter of the Investor Services Department of the Lang Mining Group Tel: (604) 687-4622 Fax: (604) 687-4212 Toll Free: 1-888-267-1400