Energold Drilling Corp.
TSX VENTURE : EGD
FRANKFURT : X9X

Energold Drilling Corp.

August 11, 2011 19:28 ET

Energold Announces Appointment of New Chief Financial Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 11, 2011) - The Board of Directors of Energold Drilling Corp. (TSX VENTURE:EGD)(FRANKFURT:X9X) (the "Company") wishes to announce the retirement effective August 11, 2011 of Mr. Richard S. Younker, CA, CMC as CFO of the Company and the appointment of Craig A. Geier, Energold's current Vice-President of Corporate Development, to succeed him.

Mr. Younker has been the CFO of the Company throughout the past six years and has assisted the significant growth and expansion of the Company during that time from 24 drill rigs in 2005 to over 234 rigs today, including 119 rigs recently acquired as part of the recently announced completion on July 25, 2011 of the acquisition of the operations of Bertram International Corporation which will significantly add to the Company's overall operations.

The Board of Directors thanks Mr. Younker for his assistance during the past six years and wishes him well in his retirement. Mr. Younker has agreed to remain in the employ of the Company until June 30, 2012 to assist in the transition.

Energold Drilling Corp. is an environmentally and socially sensitive diamond drilling company, taking the lead on what is rapidly becoming the new standard for the mining industry. Energold holds 7 million shares of IMPACT Silver Corp., a profitable silver producer in Mexico.

On behalf of the Directors of Energold Drilling Corp.,

Frederick W. Davidson, President, CEO

Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to proposed activities, work programs and future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the effects of general economic conditions, a reduction in the demand for the Company's drilling services, the price of commodities, changing foreign exchange rates, actions by government authorities, the failure to find economically viable acquisition targets, title matters, environmental matters, reliance on key personnel, the ability for operational and other reasons to complete proposed activities and work programs, the need for additional financing and the timing and amount of expenditures. Energold Drilling Corp. does not assume the obligation to update any forward-looking statement.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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