Evergold Announces $300,000 Ore Group Financing, Sharpened Focus on Golden Lion Project, Toodoggone District, Northern BC
Evergold Announces $300,000 Ore Group Financing, Sharpened Focus on
Golden Lion Project, Toodoggone District, Northern BC
TORONTO, Jan. 05, 2026 -- Evergold Corp. (TSX-V: EVER, WKN: A2PTHZ) (“Evergold” or the “Company”) is pleased to
announce a strategic non-brokered private placement (the “Financing”) with principals associated with the Ore Group, acting
in their individual capacities. This investment marks the beginning of a broader repositioning of Evergold, including a singular
strategic focus on the Company’s 100%-owned Golden Lion gold-silver project, located in the prolific Toodoggone district of
British Columbia. The terms of the Financing are provided below.
Strategic Partnership with the Ore Group
The transaction brings together Ore Group’s capital markets and company-building expertise with a proven technical and
operational team that has successfully advanced a number of exploration companies. Ore Group and Evergold’s principals
have played key roles in the growth of companies such as American Eagle Gold Corp. and Metal Energy Corp., attracting
strong institutional, retail, and strategic investor support.
Ore Group will advise Evergold on capital markets strategy, investor engagement, and corporate development as the Company
enters its next phase of growth.
“We see Evergold as a clear value opportunity that has been overlooked by the market. The Company was founded and
advanced by one of British Columbia’s premier technical teams, including Charlie Greig, Alex Walcott and Kevin Keough, who
together had great success in exploring the Tatogga property with GT Gold, work which ultimately led to the sale of GT to
Newmont in 2021. Golden Lion is a project with a meaningful history, and is a project better characterized as undercapitalized,
rather than under-endowed. Located in the top-tier Toodoggone District, the technical evidence suggests that there is
significantly more potential at Golden Lion than has been recognized to date, and the project clearly warrants renewed focus,
capital, and systematic exploration,” said Stephen Stewart, Ore Group Chairman.
About Golden Lion
The Golden Lion property hosts a broad, near-surface, gold-silver-rich, base metals-bearing, low- to intermediate-sulfidation
epithermal system (the GL1 Main Zone ) adjacent to the Takla Fault, that is one of a number of extensive mineralizing
systems in the Toodoggone District of north-central British Columbia. GL1 Main Zone lies just 9 kms up a broad valley and
bulldozer track from road access to Thesis Gold’s Lawyers-Ranch project, for which a pre-feasibility study published in
December 1, 2025 returned a very strong 55% internal rate of return.
An animated video of the GL1 Main Zone is available for viewing on the Company’s home page at www.evergoldcorp.ca and a
powerpoint presentation summarizing all results to date is available at www.evergoldcorp.ca/investors/presentations.
• Prior to Evergold’s involvement, the system had been tested only in a single season of drilling and bulldozer trenching
carried out by Newmont Corporation (“Newmont”) in 1984 (22 holes for 2,474 metres). This established a continuously
mineralized low-grade envelope, with hints of higher-grade potential, over a core 400 metres of strike length and, with
undrilled gaps, over 1.7 kms of strike length, with mineralization exposed at surface tested only to shallow depths.
• Newmont’s broadly-spaced drill pads and lack of any undercuts left the depth potential and continuity between holes
largely untested. Evergold surmised that increasing the density of drilling would lead, as is commonly the case in such
epithermal systems, to the identification of higher-grade domains within the broad envelope.
• Evergold drill-tested GL1 Main for the first time in 2020 (10 holes for 1,622 metres), primarily with the intent of
replicating the Newmont results, which was accomplished, while also testing other targets on the property to the north
and northeast, as well as peripheral parts of the zone (6 holes for 1,386 metres) (see news, November 30, 2020 and
January 26, 2021).
• The Company’s best gold-silver results came in the final 3 holes (GL21-23/24/25) of a COVID-shortened drill program in
2021 (9 holes for 1,811 metres) when, drilling between previous Newmont intercepts, the Company identified the first
high-grade domain within the broad system envelope. Lack of drill crews prevented immediate follow-up (see news,
November 16, 2021).
Combined Bulk-Tonnage and High-Grade Components, Providing Both Volume and Value Drivers
• Bulk-tonnage style gold-silver mineralization has been demonstrated at GL1 Main Zone in 9 Newmont and 19 Evergold
core holes to date. All of these holes collared at surface in mineralization, and all returned broad zones of lower to
moderate-grade, near-surface, open-pit style mineralization, including for example, a true width 66.0 metres of 1.36
g/t Au & 11 g/t Ag in hole GL21-24. Notably, all holes carried intermittent gold and silver values down-hole beyond the
significant intercepts cited, suggesting a potential system true width approaching 100 metres (see news, November 30,
2020, January 26, 2021, and January 13, 2022).
• High-grade domains occur within the broader system, for example a true width 3.3 metres of 11.30 g/t Au and 12 g/t
Ag within the broader intercept cited above in hole GL21-24 and, in undercut GL21-25, an estimated 60% true width
11.3 metres of 5.4 g/t Au and 62 g/t Ag , including one metre of 26.1 g/t Au, 619 g/t Ag , 10.0% Zn, and 3.5% Pb
(see news, November 16, 2021 and animated video of the GL1 Main Zone available for viewing on the Company’s home
page at www.evergoldcorp.ca).
Golden Lion Open at Depth, Along Strike, and As Yet Unmodeled
The shallow precious metals-rich zones at GL1 Main remain open both along strike and down dip, with soil and outcrop
sampling by Evergold returning high gold and silver values along approximately 2.7 kms of strike, well beyond the limits of
drilling to date. This is strongly suggestive of remaining exploration upside:
• Preliminary modelling suggests that the system may increase in intensity to depth.
• Surface geochemical anomalies (soil, talus fines and outcrop) at GL1 Main stretch for 2.7 km along trend and into
covered areas, further suggesting exploration upside beyond drilled areas. For example, southeast of GL1 Main,
outcrop sampling returned 1.3 kilograms per tonne silver from a narrow, mineralized horizon atop GL1 South Ridge
and, to the north of GL1 Main at GL1 North Ridge, sequential soil sampling returned a 300 metre-long string of 10 very
strongly anomalous gold and copper values with peaks of 14.95 g/t Au and 1.59% Cu (see news, February 10, 2020).
• Historical drilling was shallow and widely spaced. Modern infill and undercut drilling could materially expand the known
footprint and lift overall grades with the identification of further high-grade domains.
Golden Lion Copper Potential and the Toodoggone District Context
• The Toodoggone district is a well-known, metal-endowed terrane, hosting both advanced and emerging projects and
prospects, with good regional infrastructure including road access and airstrips, in spite of its northerly latitude. The
district is well-established as a mining camp with past-producing and advanced-stage deposits, including Centerra’s
Kemess Cu-Au porphyry mine, Amarc-Freeport’s recent ‘AuRora’ Cu-Au porphyry discovery, Thesis Gold’s Lawyers-
Ranch project adjacent to Golden Lion, TDG Gold’s past-producing and actively explored Baker and Greater Shasta-
Newberry projects, and Sun Summit’s JD project. Golden Lion benefits from this district-scale context while remaining
underexplored relative to its peers.
• The Company recently acquired 100% of four inlier claim groups totaling 173 hectares located within the northern part of
the Golden Lion property known as the “Copper King” claims (see news, July 9, 2025). Historical drilling in 1975 of five
shallow holes each returned numerous references in drill logs to copper mineralization including native copper, bornite,
chalcopyrite, malachite, azurite and chrysocolla, for the most part hosted within porphyritic andesite. None of the holes
were assayed at the time and there has been no follow-up in the years since.
• Backpack drill sampling by the Company in 2021 and NQ-diametre core drilling in the previous year also returned high
grades of copper with strong gold and silver credits from mineralized outcrop at several sites to the north and northeast
of GL1 Main, for example: 11.9% copper, 0.69 g/t gold and 37.9 g/t silver over 1.47 metres in hole GL-21-BPD-024
and, in diamond core hole GL-20-014, drilled below previous outcrop sampling that had returned high values of copper
with associated strong silver and gold, including 13.5% Cu, 122 g/t Ag, and 0.146 g/t Au in grab sample GLAA18-
036R, a 1-metre intercept of chalcopyrite-rich sulphides which returned 3.34% Cu, 33.89 g/t Ag, and 3.66 g/t Au (see
news, January 13, 2022). Readers should note that rock grabs and to a lesser degree backpack drill samples are by
their nature selective, and are not necessarily representative of the mineralization hosted on the property).
Path Forward
Evergold intends to focus its efforts at Golden Lion by:
• Refining the geological and structural model;
• Prioritizing high-confidence drill targets, primarily at the GL1 Main Zone;
• Advancing toward the next phase of drilling, which will be to systematically test to depth and along strike at GL1 Main.
• Further evaluate the porphyry potential in the vicinity of the recently acquired “ Copper King ” inlier claims on the
northern part of the Golden Lion property.
Additional details regarding exploration plans, including anticipated drill timing and budgets, will be provided in early 2026.
Terms of the Financing
The Financing will consist of the sale of up to 1,304,348 units (the “ Units”) of the Company at a price of $0.23 per Unit, with
each Unit comprising one common share of the Company and one full common share purchase warrant (a “ Warrant ”). Each
Warrant will be exercisable to acquire one additional common share at an exercise price of $0.30 for a period of two (2) years
from the date of issuance.
The Company intends to use the proceeds from the Financing for exploration activities on the Company’s properties (as
described herein) and general corporate and working capital purposes. Completion of the Financing is subject to the receipt of
all required regulatory approvals including the approval of the TSX Venture Exchange. All securities issued and issuable
pursuant to the Financing shall be subject to a four month and one day hold period from the date of issuance.
Qualified Person
Charles J. Greig, M.Sc., P.Geo., the Company’s Chief Exploration Officer and a Qualified Person as defined by NI 43-101, has
reviewed and approved the technical information in this news release.
About Evergold
Evergold Corp. is a TSX-V listed mineral exploration company with projects in B.C. and Nevada. The Evergold team has a
track record of success in the junior mining space, including the establishment of GT Gold Corp. in 2016 and the discovery of
the Saddle South epithermal vein and Saddle North porphyry copper-gold deposits near Iskut B.C., sold to Newmont in 2021
for a fully diluted value of $456 million, representing a 1,136% (12.4 X) return on exploration outlays of $36.9 million.
For additional information, please contact:
Kevin M. Keough
President and CEO
Tel: (613) 622-1916
www.evergoldcorp.ca
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 news release.
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain “forward-looking statements” which are not comprised of historical facts. Forward- looking
statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words
to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may
be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since
forward-looking statements are based on assumptions and address future events and conditions, by their very nature they
involve inherent risks and uncertainties. Although these statements are based on information currently available to the
Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties
and other factors involved with forward-looking information could cause actual events, results, performance, prospects and
opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could
cause actual results to differ materially from such forward-looking information include, but are not limited to failure to complete
the offering of convertible debentures on the terms as announced or at all, failure to identify mineral resources, delays in
obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill
the duty to accommodate First Nations, uncertainties relating to the availability and costs of financing needed in the future,
changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development
of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral
exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although
the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release
are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company
disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by law.