Eagle Mountain Gold Corp. Completes Name Change and Share Consolidation

Vancouver, British Columbia, CANADA

VANCOUVER, British Columbia, July 27, 2012 (GLOBE NEWSWIRE) -- EAGLE MOUNTAIN GOLD CORP. (the "Company") (Z: TSX-V, OTCQX SDMTD, Frankfurt E9X)

The Company announces that the TSX Venture Exchange (the "Exchange") has approved the Company's application for the share consolidation (the "Consolidation") on a ratio of five (5) old shares for every one (1) new share.

The Exchange has also approved the Company's application to change its name to "Eagle Mountain Gold Corp." which has been made effective at the opening of trading on July 26, 2012. The Company's shares continue to trade under the stock symbol "Z".

The Company has issued 280,000 shares as a bonus to certain lenders and therefore currently has 15,047,279 shares issued and outstanding.  The shares issued to the lenders are subject to resale restrictions expiring on November 27,2012.

On behalf of The Board of Directors of Eagle Mountain Gold Corp.

"Ioannis (Yannis) Tsitos"
President, CEO & Director

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.

The Eagle Mountain Gold Corp. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=13828