Energold Mining Ltd.

Energold Mining Ltd.

September 29, 2005 14:41 ET

Energold Mining Ltd.: Name Change Without Consolidation

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 29, 2005) - Energold Mining Ltd. (TSX VENTURE:EGD) announces that effective on September 30, 2005 Energold Mining Ltd. has changed its name to "Energold Drilling Corp."

Energold's shares were not consolidated. The shares of the Company will continue to trade under the Company's current trading symbol of "EGD".

Energold has changed its name to reflect its focus on providing environmentally and socially sensitive contract drilling services to the mining industry throughout the world.

Energold believes its new name reflects the Company's evolution from an exploration company to a pure drilling company and its ability to offer investors an opportunity to participate in the metals bull market without investing in speculative mining equities.

Energold provides drilling services through its four operating subsidiaries to companies ranging in size from junior explorers to major producers. The Energold Drilling Group currently has 21 rigs, servicing contracts in markets as diverse as Africa, Asia, and in Latin America.

On behalf of the Directors of Energold Mining Ltd.

Frederick W. Davidson, President

The TSX Venture Exchange has neither approved nor disapproved this news release.

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