Everton Resources Inc.
TSX VENTURE : EVR

Everton Resources Inc.

January 17, 2007 08:30 ET

Everton Announces Winter 2007 Exploration Program & New Claim Concessions-Opinaca Gold Discovery Region, James Bay, Quebec

OTTAWA, ONTARIO--(CCNMatthews - Jan. 17, 2007) - Everton Resources (TSX VENTURE:EVR) and joint venture partner Azimut Exploration (TSX VENTURE:AZM) are pleased to present the winter 2007 exploration program for Opinaca Blocks "A" and "B" and to announce the granting of new claims on Opinaca A (optioned from Azimut). Everton Resources is also pleased to announce the winter 2007 exploration program on its 100%-owned Wildcat 5 property and the addition of a new 100%-owned property named Wildcat 8. All properties are located in the vicinity of the Eleonore gold discovery purchased by Goldcorp in the Opinaca region of James Bay, Quebec.

The winter program will consist of a 2000-meter drill campaign and three comprehensive magnetic and induced polarization (IP) ground geophysics programs totaling 226 line-kilometers. The majority of this program will focus on the Claude-Manuel Corridor. For the location of the Claude-Manuel Corridor, please visit the properties section on Everton's web-site at www.evertonresources.com

Claude Target (Opinaca B)

During the 2007 winter exploration program, Everton will commence a 2000-meter drill campaign at the Claude Target on Opinaca B (Azimut option), where very anomalous gold values closely associated with arsenopyrite content and silica alteration were obtained last fall in the initial drill-test hole OP-06-07. The whole drill section graded 221 ppb Au over 186.8 meters, including 1.4 g/t Au over 12 meters (press release of November 9, 2006). The drill program is planned to begin after freeze-up in mid-February and will aim to identify the core of the mineralizing system.

Claude - Manuel Corridor (Opinaca B - Wildcat 5)

The 10-kilometer long gold-bearing strike along the northeast trending deformation corridor between the Claude Target on Opinaca B and the Manuel Showings (12.01 g/t Au over 4.6 meters) on Everton's 100%-owned Wildcat 5 property will be entirely covered with magnetic and induced polarization (IP) ground geophysics. This deformation zone coincides with lake-bottom sediment gold and arsenic anomalies lined up over its strike. A total of 80 line-kilometers will be conducted on Opinaca B and 66 line-kilometers on Wildcat 5. The line cutting and survey will begin during the week of January 22, 2007.

Smiley Target (Opinaca A)

At the Smiley Target located on Opinaca A (Azimut option), an 80 line-kilometer magnetic and IP survey will be conducted to follow-up on several trends of gold-in-soil anomalies located 5 km north of the Eleonore gold discovery. The soil anomaly is supported by the presence of gold values of 2.41 g/t Au, 0.77 g/t Au and 0.18 g/t Au in three different till samples collected down-ice of the soil anomaly. The geophysical survey will start during the week of January 22, 2007 and the anomalies will be drill-tested this summer.

New Claims (Wildcat 8)

Everton Resources has increased its 100%-owned land position and now holds 397 km2 of land comprised of 760 claim concessions, in the Opinaca region of James Bay, Quebec. Included in this total are 181 new claims recently granted adjacent to Wildcat 5 (158 claims) and Wildcat 7 (23 claims). The new claims adjacent to Wildcat 5 are designated as a new property called Wildcat 8, which is 100%-owned by Everton Resources, and are located east of Wildcat 5 where the Manuel Showings were discovered.

New Claims (Opinaca A)

In addition, land optioned from Azimut Exploration adjacent to Opinaca A has increased by 67 claims. The total land position under option from Azimut Exploration (Opinaca A & B) is now 356 km2 consisting of 683 claim concessions. For the location of these new claims, please visit the properties section on Everton's web-site at www.evertonresources.com.

Work on other Properties

The above winter exploration program only covers approximately 3.6 % of the claim area. An aggressive 2007 summer exploration program is currently being designed to accelerate exploration work on other highly prospective areas in the Opinaca region of James Bay, Quebec.

This press release was prepared under the supervision of Marc L'Heureux, P.Geo., Everton's Vice-President of Exploration, who acts as the 'Qualified Person" as described by NI 43-101.

Everton Resources is actively exploring in the Opinaca region of James Bay, Quebec where Everton Resources has amassed one of the largest land claims adjacent to the Eleonore gold discovery, and where Goldcorp Inc. (NYSE:GG, TSX:G) is proposing to spend several hundreds of millions of dollars developing its recent property acquisition. Everton Resources is also actively exploring in the Dominican Republic adjacent to where the world's largest gold mining company, Barrick Gold (NYSE/TSX:ABX), is partnering with Goldcorp to develop the 15 million ounce Pueblo Viejo gold deposit, one of the world's largest undeveloped gold deposits, at an estimated cost of $1.4 billion.

The TSX Venture Exchange neither approves nor disapproves of the information contained in this News Release. The Company's Shares are listed on the TSX Venture Exchange and trade under the symbol "EVR".

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