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Engineer Gold Mines Ltd. Capital/Financing Update 2020

Jul 24, 2020

47574_rns_2020-07-24_fc6a1a43-bf39-40b1-8d6e-48eb5349a506.pdf

Capital/Financing Update

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ENGINEER GOLD MINES LTD.

Suite 804 - 750 West Pender Street Vancouver, B.C. V6C 2T7 Telephone: 604.682.2928 Fax: 604.685.6905 www.engineergoldmines.com

Engineer Gold Grants Options

July 24, 2020

Vancouver, BC – Engineer Gold Mines Ltd. (the “Company”) (TSXV: EAU) announces it has granted 2,750,000 stock options with an exercise price of $0.12 to directors, officers employees and consultants for a period of three years from the date of the grant.

About Engineer Gold Mines Ltd .

Engineer Gold is focused on the exploration and development of the 100%-owned, 14,020 ha Engineer Gold Mine Property, centered on the Historic high-grade Engineer Gold Mine situated 32 km southwest of Atlin, B.C. Previous work has identified a small, Inferred high-grade gold Mineral Resource, numerous high-grade vein and shear-hosted bulk-tonnage gold exploration targets.

For additional information please visit the company website at www.engineergoldmines.com

On Behalf of the Board of Directors Contact Information Engineer Gold Mines Ltd. Corporate Inquiries: "Andrew H. Rees" Andrew H. Rees : 604-505-3739 Mr. Andrew H. Rees Email: [email protected] President

Cautionary Note Regarding Forward-Looking Statements

Neither 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 release.