Evergold Releases 3D Video of Golden Lion Main Zone, B.C., Highlighting Scale of Target and High-Grade Gold-Silver Domain
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NEWS RELEASE
Evergold Releases 3D Video of Golden Lion Main Zone, B.C., Highlighting Scale of
Target and High-Grade Gold-Silver Domain
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 p roperty’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://vimeo.com/664395801/d4f64d0a12
“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
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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 identif ied 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. Forward looking information in this news
release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization,
the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market
conditions. 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, failure to convert estimated mineral resources to reserv es, the inability to complete a feasibility study which
recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required
governmental, environmental or other project approvals, polit ical risks, inability to fulfill the duty to accommodate First Nations and other
indigenous peoples, an inability to predict and counteract the effects of COVID -19 on the business of the Company, including but not limited to
the effects of COVID-19 on the price of commodities, capital market conditions, restrictions on labour and international travel and supply chains,
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.