Vancouver, BC – (“EagleMountain” or the “C

Vancouver, BC – (“EagleMountain” or the “Company”) (Z: TSX-V)   TheCompany reports that it has closed the non-brokeredfinancing (the “Financing”),previously announced on October 12, 2012 in the amount of $541,500 by theissuance of 3,800,000 units (each a “Unit”)at a price of $0.1425 per Unit.Each Unitconsists of one common share (a “Share”)and one transferable share purchase warrant (a “Warrant”).  Each Warrantentitles the holder to purchase one additional common share (a “Warrant Share”) at a price of $0.19until November 27, 2017, being five years from the closing of the Financing. Nofinder’s fees are payable. All securities issuedabove are subject to a hold period expiring on March 28, 2013, being four monthsand one day after closing of the Financing. In addition, an aggregate of 3,650,000 of the Shares,and up to 3,650,000 Warrant Shares issuable on exercise of the Warrants, aresubject to a voluntary pooling agreement and may not be sold or otherwisetransferred for a period of 12 months following the closing of the Financing. The proceeds of the PrivatePlacement will be used to fund the advancement of the Company’s Eagle MountainProject in Guyana, and for general working capital.This news release does notconstitute an offer to sell or a solicitation of an offer to buy any of thesecurities in the United States. The securities have not been and will not beregistered under the United States Securities Act of 1933, as amended (the “USSecurities Act”), or any state securities laws and may not be offered or soldwithin the United States or to U.S. Persons unless registered under the U.S. SecuritiesAct and applicable state securities laws or an exemption from such registrationis available.Onbehalf of The Board of Directors of Eagle Mountain Gold Corp.“Ioannis (Yannis)Tsitos”President, CEO &Director   This document contains certain forward lookingstatements which involve known and unknown risks, delays, and uncertainties notunder the corporations control which may cause actual results, performance orachievements of the corporation’s to be materially different from the results,performance or expectation implied by these forward looking statements.  Neitherthe TSX Venture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) accepts responsibility forthe adequacy or accur

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