Toronto, Ontario – January 24, 2022 – Evergold Corp. (“Evergold” or the “Company”) (TSX-V:EVER, OTC:EVGUF, WKN:A2PTHZ) is pleased to announce release of an animated video of the gold and silver-rich GL1 Main zone, located on the Company’s Golden Lion property in north-central B.C.  The video has been created, in part, from data generated by a 3D geological modeling exercise, imagery and results from which were released early last week (see news, January 17, 2022).  The video shows the progressive development of the GL1 Main zone through time, commencing with Newmont’s historical drilling in 1984, through drilling carried out by Evergold in 2020, and culminating with Evergold’s 2021 drill discovery, in its final 3 holes, of the property’s first high-grade domain. The high-grade domain, which comes to surface and returned the highest grades of precious and base metals yet seen in drilling at Golden Lion (see news, November 16, 2021), will be the focus of follow-up drilling in the 2022 field season.

The video may be viewed at: https://www.youtube.com/watch?v=XBPHfvzqogk&t=1s

“This video makes the large scale of the GL1 Main zone immediately evident, along with its considerable expansion potential,” said Kevin Keough, President & CEO.  “It does this by placing GL1 Main within the context of the much larger surface geochemical anomalies which encompass it.  Also helpful for assessing the potential of the zone is the topographical context, which by B.C. standards is moderate, and allows for site access directly up the broad valleys common to the Toodoggone area.”

About Evergold

Evergold Corp. has been assembled by a team with a record of recent success in B.C., namely the establishment of GT Gold Corp. in 2016 and the discovery in 2017-18 of the Saddle epithermal and porphyry copper-gold deposits near Iskut B.C., which hold more than 20 million ounces of gold equivalent in all categories (Saddle North NI 43-101 Technical Report, August 20, 2020). GT Gold was acquired in 2021 by Newmont Corporation.  Evergold combines four 100%-owned properties in prime B.C. geological real estate from well-known geologist C.J. (Charlie) Greig, with the recently optioned Rockland property in Nevada, seasoned management, and a qualified board. The Company’s flagship assets consist of the Golden Lion property, the Snoball property, and the past-producing high-grade Rockland gold-silver property in Nevada.  All three properties host zones of precious metals that the Company believes offer considerable upside. 

Qualified Person

Charles J. Greig, P.Geo., a Qualified Person as defined by NI 43-101, has reviewed and approved the technical information in this news release.

For additional information, please contact:

Kevin M. Keough
President and CEO
Tel: (613) 622-1916
www.evergoldcorp.ca
kevin.keough@evergoldcorp.ca