EnGold Mines Ltd. — Capital/Financing Update 2020

Jun 23, 2020

BC FORM 51-102F3

MATERIAL CHANGE REPORT

REPORTING ISSUER

Engold Mines Ltd. 120 – 601 West Cordova Street Vancouver, BC V6B 1G1

Date of Material Change

June 22, 2020

Press Release

A press release announcing the following material change was released on June 22, 2020 in Vancouver, BC through the facilities of Newsfile and Stockwatch pursuant to 85(1) of the BC Securities Act.

Summary of Material Change

The Issuer reports that it has closed the first tranche of the non-brokered private placement announced June 12th, 2020 and issued 1,900,000 units at $0.04 per unit for gross proceeds of $76,000. The units consist of one common share and one warrant, whereby warrant entitles the holder to purchase one common share at a price of $0.07 per share for a period of two years.

The Company paid a 7% finders’ fee in connection with part of the financing consisting of 7% cash and 7% finders’ share purchase warrants entitling the holders to purchase one share at a price of $0.04 for 2 years. All of the securities are subject to a hold period which will expire on October 23rd, 2020. The Company will continue with the offering as previously disclosed.

Full Description of Material Change

See attached News Release

Reliance on Subsection 7.1(2) or (3) of National Instrument 51-102

The Issuer is not relying on Subsection 7.1(2) or (3) of National Instrument 51-102

Omitted Information

There have been no omissions to this report.

Executive Officer

David H. Brett (604) 682-2421

DATED this 22nd day of June 2020 in Vancouver, BC Canada

Engold Mines Ltd.

“David H. Brett”

David Brett, President & CEO

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EnGold Closes First Tranche of Financing

For Immediate Release . June 22, 2020. Vancouver, BC. David H. Brett, President & CEO, EnGold Mines Ltd., (TSX-V: EGM, “EnGold” or the “Company”) reports that the Company has closed the first tranche of the non-brokered private placement announced June 12th, 2020, and issued 1,900,000 units at $0.04 per unit for gross proceeds of $76,000. The units consist of one common share and one warrant, whereby warrant entitles the holder to purchase one common share at a price of $0.07 per share for a period of two years.

The Company paid a 7% finders’ fee in connection with part of the financing consisting of 7% cash and 7% finders’ share purchase warrants entitling the holders to purchase one share at a price of $0.04 for 2 years. All of the securities are subject to a hold period which will expire on October 23rd, 2020. The Company will continue with the offering as previously disclosed.

About EnGold

EnGold is a Vancouver-based copper, gold, silver, magnetite exploration company focused solely on its 100% owned Lac La Hache property in the Cariboo region of BC which hosts the Spout Copper Deposit, the Aurizon Gold Deposit and the G1 Copper Discovery and other targets within a large porphyry mineralizing system. With world class infrastructure at its doorstep, Lac La Hache is a great location to be exploring.

EnGold Mines Ltd. David Brett President & CEO

For further info contact David Brett, 604-682-2421 or david@engold.ca

‐ This news release may contain "forward looking statements". Readers are cautioned that any such statements are not guarantees of future performance and that actual development or results may vary materially from those in these "forward looking statements.” 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 release.