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EVER.V ·

Evergold Announces Grant of Stock Options

Share Capital & Compensation

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NEWS RELEASE

Evergold Announces Grant of Stock Options

Toronto, Ontario - November 24, 2023 – Evergold Corp. (“Evergold” or the “Company”) (TSX-V: EVER, WKN:

A2PTHZ) announces, pursuant to the Company’s stock option plan, that a total of 3,951,000 stock options have been

granted to the directors, officers and consultants of the Company. The options are exercisable into one common share

of the Company at a price of $0.085 for a period of five years from the date of grant and are subject to vesting conditions.

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, most recently 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 i n 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

[email protected]

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.

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 risk s

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 f rom 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 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 acc ommodate

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

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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 w ill

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.