Emgold announces $10,000,000 brokered private placement


    TSX Venture Exchange:     EMR
    OTC Bulletin Board:         EGMCF
    U.S. 20-F Registration:   000-51411
    Frankfurt Stock Exchange: EML

    VANCOUVER, June 8 /CNW/ - Emgold Mining Corporation (EMR - TSX Venture)
(the "Company" or "Emgold") is pleased to announce that it has entered into an
agreement with M Partners Inc. ("M Partners" or the "Agent"), to act as its
exclusive lead agent in connection with a brokered private placement offering
(the "Offering") on a best efforts basis to raise gross proceeds of up to
$10,000,000 through the offer and sale of units of the Company.
    The Company will issue up to 50 million units (the "Units") at a price of
$0.20 per Unit. Each Unit will comprise one common share and one share
purchase warrant. Each warrant will entitle the holder to purchase one
additional common share for a period of 24 months from closing at an exercise
of $0.35 per share.
    The Agent will receive a cash fee equal to 8% of the aggregate gross
proceeds of the Offering and compensation warrants exercisable to acquire that
number of units that is equal to 8% of the total number of units sold in the
Offering, at an exercise price of $0.20 per unit for a period of 18 months
from closing.
    All securities issued or issuable in connection with the Offering will be
subject to a hold period and may not be traded for four months plus one day
from the date of closing.

    The securities offered have not been registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or an available exemption from the
registration requirements. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy nor shall there be any sale of the
securities in any State in which such offer, solicitation or sale would be

    The proceeds of the Offering will be used to complete permitting on the
Company's Idaho-Maryland gold project, basic engineering of long lead items
for the mine in anticipation of receipt of the permit and for general
corporate purposes.
    The Company has been working on permitting the Idaho-Maryland Mine in
Grass Valley, California. The Idaho-Maryland project is entering the final
stages of the permitting process and will require significant expenditures on
third party consultants to complete the Environmental Impact Report and
associated studies and applications to the City of Grass Valley as Lead
Agency. In addition the Company is initiating design and engineering in
preparation for dewatering the Idaho Maryland gold mine, the design of the
decline, the head frame and hoist house for the New Brunswick shaft,
associated underground development and infrastructure services and facilities.
The intention is to have significant design and costing work completed by the
anticipated grant of permit date so that initial mine development work can
commence soon thereafter.
    For more information about Emgold, the Idaho-Maryland Project in Grass
Valley, the Stewart, Rozan and Jazz Properties in British Columbia, please
visit www.emgold.com or www.sedar.com.

                     On behalf of the Board of Directors,

                       William J. (Bill) Witte, P.Eng.
                    President and Chief Executive Officer

    No regulatory authority has approved or disapproved the information
    contained in this news release.

    This news release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other than
statements of historical facts, that address future production, reserve
potential, exploration drilling, exploitation activities and events or
developments that the Company expects are forward-looking statements. Although
the Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors that could
cause actual results to differ materially from those in forward-looking
statements include market prices, exploitation and exploration successes, and
continued availability of capital and financing, and general economic, market
or business conditions. Investors are cautioned that any such statements are
not guarantees of future performance and that actual results or developments
may differ materially from those projected in the forward-looking statements.
For more information on the Company, Investors should review the Company's
filings that are available at www.sedar.com or the Company's website at

For further information:

For further information: Michael O'Connor, Manager, Investor Relations,
Tel: (604) 687-4622, Fax: (604) 687-4212, Email: info@emgold.com

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