EVR Everton Resources Inc

Everton Resources Inc. ("Everton")(TSX VENTURE:EVR)(OTCQX:EVRRF)(FRANKFURT:EVR)
is pleased to announce that it has entered into an option letter agreement (the
"Agreement") with Viking Gold Exploration Inc. ("Viking Gold")(TSX-V: VGC), a
junior exploration company with properties in Ontario, Quebec and the Northwest
Territories, whereby Viking Gold can acquire up to a 60% undivided interest in
certain mining concessions (the "Jobo Claro Concessions" and the "Maimon
Concessions", each a "Concession Group") located in the Dominican Republic.


Andre Audet, Chairman and CEO of Everton said, "these earn-in agreements will
help Everton advance these under explored concessions. With $3 Million in
exploration commitments over 3 years, Everton can greatly benefit from potential
new discoveries."


The Jobo Claro Concessions comprise a 53 sq. km area situated adjacent to the
recently opened Pueblo Viejo mine in the Dominican Republic. Pueblo Viejo is
owned 60% by Barrick Gold Corporation and 40% by Goldcorp Inc., and Barrick, the
mine operator, reports that as at December 31, 2011, the underlying property had
proven and probable gold reserves of 25.3 million ounces (100% basis).


The Maimon Concessions (three polymetallic concessions) comprise a 24 sq. km
area situated near the Cerro de Maimon volcanongenic massive sulphide deposit,
which was discovered by Globestar Mining and subsequently acquired by Perilya
(Australia) in its $184-million acquisition of Globestar in late 2011.


The two Concession Groups are currently owned 100% by Everton.

Viking Gold's payment commitment to Everton under the Agreement are as follows:



--  Pay $50,000 cash and issue 3,000,000 common shares on closing; 
--  Pay $50,000 cash and issue 2,000,000 common shares on or before the
    first anniversary; and 
--  Pay $50,000 cash and issue 2,000,000 common shares on or before the
    second anniversary. 



In addition, Viking Gold's exploration expenditure commitments under the
Agreement are as follows:




--  Incur exploration expenditures of $500,000 prior to the first
    anniversary; 
--  Incur additional exploration expenditures of $1,000,000 prior to the
    second anniversary; and 
--  Incur additional exploration expenditures of $1,500,000 prior to the
    third anniversary. 



The Agreement allocates the payment and expenditure commitments above as being
90% for the Jobo Claro Concessions and 10% for the Maimon Concessions. Viking
Gold may earn a 50% undivided interest in a Concession Group upon satisfying the
related allocated commitments. Viking Gold may earn an additional 10% interest
in a Concession Group by completing a feasibility study within five years of
giving notice to Everton of completing the related 50% earn-in.


The Parties will execute a Definitive Agreement after the completion of the
necessary due diligence, as outlined in the Agreement. The Agreement and the
transactions contemplated therein are subject to the approval of the TSX Venture
Exchange.


About Everton Resources Inc.

Everton is actively exploring in the Dominican Republic adjacent to Pueblo Viejo
project, currently being mined by the world's largest gold mining company,
Barrick Gold Corporation (60%) in partnership with Goldcorp Inc. (40%)
("Goldcorp") (NYSE:GG)(TSX:G). Everton also holds an interest in the Opinaca
region of James Bay, Quebec where the Company has partnered with Aurizon Mines
Ltd. who is advancing Everton's interest by funding 100% of all exploration work
on one of the largest land packages adjacent to Goldcorp's Eleonore gold
deposit.


For further information on Everton Resources Inc. please visit
www.evertonresources.com.


This news release contains certain forward-looking statements that involve risks
and uncertainties, such as statements of Everton's plans, objectives,
strategies, expectations and intentions. The words "may", "would", "could",
"will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and
similar expressions, as they relate to Everton, or its management, are intended
to identify such forward-looking statements. Many factors could cause Everton's
actual results, performance or achievements to be materially different any
future results, performance or achievements that may be expressed or implied by
such forward-looking statements. The forward-looking statements included in this
press release represent Everton's views as of the date of the release. While
Everton anticipates that subsequent events and developments may cause its views
to change, it specifically disclaims any obligation to update these
forward-looking statements, except in accordance with applicable securities
laws. Accordingly, readers are advised not to place undue reliance on
forward-looking information. All subsequent written and oral forward-looking
statements attributable to Everton or persons acting on its behalf are expressly
qualified in their entirety by this notice.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Andre Audet, Chairman and CEO
andre@evertonresources.com
Tel: 613-241-2332
Fax: 613-834-7708

Everton Resources (TSXV:EVR)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Everton Resources (TSXV:EVR)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024