Evergold Updates on Drilling and Exploration Plans for Golden Lion in
NEWS RELEASE
Evergold Updates on Drilling and Exploration Plans for Golden Lion in
Toodoggone, British Columbia
Highlights:
• First drilling at Golden Lion since 2021, with 4,000 meters in 12 holes planned
• Drilling to focus on Golden Lion Main Zone (GL1), where final 2021 holes returned best-
ever intercepts – GL21-024 66 m of 1.36 g/t gold and 11 g/t silver and GL21 -025 11.3 m
of 5.4 g/t gold and 62 g/t silver (see News November 16th, 2021)
• Geophysics, geochemistry and mapping to target a large-scale copper system in the north
• Drilling starts in June, with all contractors and technical staff committed
Toronto, Ontario – May 21, 2026 – Evergold Corp. ( EVER: TSXV) ("Evergold" or the
"Company") is pleased to outline its 2026 exploration program at the Golden Lion Property (“GL”
or the “Property”), located in the Toodoggone district, British Columbia. The 2026 program, set to
begin in June, represents a revitalization of Golden Lion, with a significant advancement of its
‘GL1’ gold-silver zone in the south and emerging copper potential in the north.
CLICK HERE: View Video of CEO & President Alex Walcott Discussing Drilling and Exploration
Plans for Golden Lion
Exploration Program Details
Drill Program
• 4,000 meters across 12 holes targeting extensions of the GL1’s best-ever drill intercepts
• Drilling will test a 2 km long west-northwest trending gold-silver-soil anomaly first outlined
by Newmont
• Holes will test the GL1 structure beneath peak geochemical values
• Targets coincide with resistivity anomalies which run parallel to known mineralized trends
• Mineralization at GL1 comes to surface and has only been drilled to a depth of 250 meters
• Mobilization scheduled for June, under the direction of Project Manager Taylor Quinn
MSc., who brings extensive Golden Lion and Toodoggone district experience
CLICK HERE: View Figure 1: Map View of Proposed Drill Holes at Golden Lion
Targeting a Large-Scale Copper Mineralizing System: “Copper King”
The northern GL property hosts a large, coherent copper -gold geochemical anomaly in an area
previously referred to as “Copper King,” with features typical of porphyry -style mineralization,
including:
• Highly anomalous copper-in-stream sediment samples collected across three adjoining
drainages spanning roughly 30 sq km
• Corroboration from three Regional Geochemical Survey stream sediment samples
collected by the Provincial Government in the 1990s from the same area, returning copper
values in the 90th to 99th percentile for B.C.
• Provincial assessment reports from the 1970s documenting drillholes that encountered
extensive copper mineralization from limited ridgetop drilling within the anomaly
To advance copper-gold exploration in the Copper King area, Evergold plans the following work
to run concurrently with its 2026 GL1 drilling:
• A property -scale MobileMT airborne geophysical survey to map conductivity features
potentially associated with porphyry mineralization, combined with airborne magnetic
surveying to complete geophysical coverage over the northern property
• Geological mapping, prospecting, and soil and stream sediment sampling, focused
primarily on the broad and underexplored northern area, with further delineation of existing
anomalies in the south
• Follow-up ground geophysical surveys (IP/AMT, 12 –15 line -km) later in the season to
better define potential mineralizing systems and structures
CLICK HERE: View Figure 2: Historical Copper Silt Samples (Copper King Area, Golden Lion)
Golden Lion Property Overview
The Golden Lion property, with the recently-acquired Copper King inlying claims, now includes
more than 12,500 hectares of mineral tenures. The Golden Lion claim block lies approximately
9 km north of Thesis Gold’s road-accessible Ranch property, and 40 km north of the Sturdee
River airstrip. Although undocumented exploration dates as far back as the 1930s in this part of
the Toodoggone, little systematic exploration was undertaken on the property until Newmont’s
work between 1982 and 1984 culminated in 2,475 m of diamond drilling. There was a further
hiatus in systematic exploration Evergold’s work between 2019 and 2021, which included 4,825
m of drilling. Almost all of the drilling on the Property has been focused on the Golden Lion Main
zone (GL1), where the Claw Mountain fault, likely a reactivated syn-mineral feature, hosts
intermediate sulfidation epithermal mineralization. The GL1 zone is characterized by the
presence of high-grade gold-silver intercepts hosted within a broad halo of lower-grade gold-
silver. The structure, although poorly exposed, can be tracked across at least two kilometers at
GL1 by anomalous gold-silver soil geochemistry and coincident lower resistivity, imaged in
ground DC/IP surveys.
Consulting Agreement
Further to its announcement of February 13, 2026, the Company wished to provide the following
updates regarding the consulting agreement (the "Agreement"), dated February 13, 2026, with
Dylan Berg, (the "Consultant"), pursuant to which the Consultant will provide corporate advisory
and investor relations services to the Company.
Mr. Berg is a BC-based consultant who provides corporate advisory, investor relations, and
communications services. Prior to entering into the Agreement, Mr. Berg had no prior
relationship with the Company, and as of the date hereof, Mr. Berg holds 43,478 shares of the
Company.
Pursuant to the Agreement, Mr. Berg will provide the Company with corporate advisory services
for a term commencing on the date of the Agreement and ending on June 30, 2026, including
the following activities:
• Facilitating communications with existing and prospective investors;
• Advising the Company on investor targeting and marketing strategies;
• Gathering market intelligence and advising the Company on shareholder engagement
and feedback;
• Providing general capital markets advisory services;
In consideration for the services to be rendered under the Agreement, the Company will pay Mr.
Berg a monthly cash fee of $7,500 plus GST.
This Agreement is subject to the receipt of all necessary approvals including the approval of the
TSX Venture Exchange.
QP Statement
The technical information contained in this news release has been reviewed and approved by
C.J. “Charlie” Greig, P.Geo ., a Qualified Person as defined in "National Instrument 43 -101,
Standards of Disclosure for Mineral Projects."
About Evergold
Evergold Corp. is focused on advancing the Golden Lion project, its 100%-owned, gold-silver
(copper) project in northern British Columbia’s prolific Toodoggone mining district. At the
southern end of the Golden Lion Project, at the GL1 Main Zone, previous drilling by the
Company, along with historical work, has outlined a near-surface, intermediate sulfidation
epithermal-style gold and silver bearing system with excellent potential for expansion along
trend and down dip. The property was last explored by the Company in 2021, when the final
three holes yielded some of the most significant gold-silver intercepts ever drilled on the
property (see News January 17, 2022). To the north of the GL1 Main Zone, the property also
has copper potential that is clearly evident in historical data, and which has been realized
recently elsewhere in the district.
On Behalf of the Board of Directors
Alex Walcott, P.Geo
President ,CEO & Director
For additional information, please contact:
Alex Walcott, P.Geo
President ,CEO & Director
Tel: (604) 891-6200
Alwin Fernandez
Investor Relations
Tel: (778) 559-2205
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, risks related to the amendment of the size of the Upsized Offering and the
completion, terms and expected closing date of the Upsized Offering, 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.