EMR Emergent Metals Corp

THIS NEWS RELEASE IS INTENDED FOR DITRIBUTION IN CANADA ONLY AND IS NOT
AUTHORIZED FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR
DISSMINATION IN THE UNITED STATES


Emgold Mining Corporation (the "Company" or "Emgold") (TSX
VENTURE:EMR)(OTCBB:EGMCF)(FRANKFURT:EML) is pleased to announce that with the
strength of investor interest, it has elected to increase the amount of its
previously announced non-brokered private placement financing (see Emgold's
October 26th, 2011 Press Release). The Company has elected to increase the
offering from CDN$1,000,000 to a maximum of CDN$2,000,000. This will result in
issuance of up to an additional 10,000,000 Units (an aggregate of up to
20,000,000 Units) at the price of CDN$0.10 per Unit, with each Unit consisting
of one common share of the Company and one non-transferable share purchase
warrant (a "Warrant"). Each Warrant will entitle the holder to purchase, for a
period of 24 months, one additional common share of the Company at a price of
CDN$0.15. The Shares issued in connection with this non-brokered private
placement, including any issued on the exercise of the Warrants, will be subject
to a minimum hold period of four months.


Finder's fees comprised of up to 8% cash and 8% in finder's warrants may be
payable in connection with some or all of the offering in accordance with TSX
Venture Exchange policies. Each finder's warrant would be exercisable for one
Share at a price of $0.15, for a period of 24 months from the date of issuance.
Shares issued on the exercise of the finder's warrants would also be subject to
a minimum hold period of four months.


The initial closing of the financing is expected to occur as early as November
8th 2011 and is subject to all necessary regulatory approvals. The proceeds of
the financing will be primarily used for exploration activity on the Company's
Buckskin Rawhide Property in Nevada, property acquisition in Nevada, exploration
of its Stewart Property in British Columbia, and general working capital.


Information Regarding Emgold

Emgold is currently in the advanced stage of permitting the Idaho-Maryland
Project, located in Grass Valley, CA. The Idaho-Maryland Mine was once the
second largest underground gold mine in California and is reported to have
produced 2.4 million ounces of gold at an average recovered grade of 0.43 ounce
per ton. Emgold has a number of earlier stage exploration properties including
the Buckskin Rawhide Property in Nevada, and the Stewart Property and the Rozan
Property in British Columbia. The Rozan Property is currently optioned to
Valterra Resource Corporation. For more information about Emgold, the
Idaho-Maryland Gold Project and the Buckskin Rawhide, Stewart, and Rozan
Properties, please visit www.emgold.com. Company filings are available at
www.sedar.com.


The scientific or technical information contained in this news release has been
reviewed and approved by Mr. Robert Pease, P.Geo., Chief Geologist of the
Company, a Qualified Person as defined in National Instrument 43-101. 


On behalf of the Board of Directors

David G. Watkinson, P.Eng., President & CEO

This release was prepared by the Company's management. 

This news release includes certain statements that are "forward-looking
statements" within the meaning of applicable securities laws including
statements regarding the proposed private placement and the use of proceeds
thereof. Forward-looking statements are based on certain assumptions of the
Company, including that it will complete the proposed private placement in a
reasonable time frame or at all, that results of exploration on the Buckskin
Rawhide Property are consistent with management's expectations. 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 the
inability of the Company to secure the funds required to complete the private
placement, the inability to obtain TSX Venture Exchange approval for the private
placement, exploration results that are different than those anticipated,
inability to raise or otherwise secure capital, changes to metal prices and the
price of the Company's shares. Investors are cautioned that any such statements
are not guarantees of future performance and actual results or developments may
differ materially from those projected in the forward-looking statements. The
Company does not intend to update or revise any forward-looking information
whether as to a result of new information, future events or otherwise, except as
required by law. 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 www.emgold.com.


U.S. 20-F Registration: 000-51411

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