Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release. EVERETT RESOURCES LTD.

710 - 890 W. Pender St - Vancouver, BC - V6C 1J9 Tel: 604.669.2151 / Fax: 604.669.2136 Website: www.everettresources.com

EAR-NR-1-12

January 13, 2012 TSX-V: EAR

PRIVATE PLACEMENTS CLOSED

Vancouver, B.C. - (January 13, 2012 - TSX-V: EAR) Everett Resources Ltd. (“Everett”) announces that further to its private placements announced August 22, 2011, in addition to the 4,000,000 flowthrough units the closing of which was included in the August news release, the Company received subscriptions for and closed with respect to a further 6,795,453 flow-through units of its securities at a price of $0.055 per unit for proceeds of $373,750. Each unit (the "Unit") consists of one common share in the capital of the Company and one non-transferable share purchase warrant with each warrant entitling the holder to acquire one additional non-flow-through common share of the Company at a price of $0.10 per share for two years. In conjunction with this flow-through private placement, the Company has paid finder's fees of $21,897 in cash to finders and has issued 507,636 broker's options, each to acquire an additional Unit of securities of the Company at a price of $0.055 per Unit, each such Unit having the same composition and terms as the Units under the offering. The Units and any underlying shares issued in this flow-through offering are subject to a hold period and may not be traded, with respect to 6,345,453 of the Units and the 507,636 broker's options, and any shares underlying the Units and the options, until February 4, 2012, and with respect to the remaining 450,000 Units, and any underlying shares, until March 19, 2012.

The Company also received subscriptions for and closed with respect to 2,240,000 non-flowthrough units of its securities at a price of $0.05 per unit for proceeds of $112,000. Each unit consists of one common share in the capital of the Company and one non-transferable share purchase warrant with each warrant entitling the holder to acquire one additional common share of the Company at a price of $0.10 per share for two years. The units and any underlying shares issued in this non-flow-through offering are subject to a hold period and may not be traded, with respect to 1,240,000 of the units, and any underlying shares, until March 19, 2012, and with respect to the remaining 1,000,000 units, and any underlying shares, until April 13, 2012.

EVERETT RESOURCES LTD.

Per: "Michael Waggett"

Michael Waggett, President

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release.