Everton Resources Inc.
TSX VENTURE : EVR
FRANKFURT : ERV

Everton Resources Inc.

March 15, 2010 08:36 ET

Everton Completes Winter Drill Program at the Duport Gold Deposit in Northwestern Ontario

Intersects 9.72 g/t Au over 11.0 Meters

OTTAWA, ONTARIO--(Marketwire - March 15, 2010) - Everton Resources Inc. (TSX VENTURE:EVR)(FRANKFURT:ERV) is pleased to release the initial results returned from the first four holes from the winter drill program recently completed on the Shoal Lake West property, located 60 km west of Kenora, Ontario.

Commenting on these interim results, Everton's President and CEO, Andre Audet said:

"Last year's acquisition of Hays Lake Gold is proving out for us. The Shoal Lake project is a key component of our two-prong strategy in Dominican Republic and Canada. We've had very encouraging results in the Dominican Republic, and now with these results, we are well on our way to realizing our Canadian potential. 

These initial drilling results confirm the potential for Everton to substantially increase our resource estimate at the Shoal Lake West project. We are very excited about these developments as we await the rest of the drill results from our 28-hole drilling program which will become available over the next few weeks."

The highlights of results received to date from ALS/Chemex of Thunder Bay Ontario include (all lengths are core lengths):

SLW10- 04: The Main Zone was intersected on Line 8200N between 191.1 m and 208.2 m that returned 7.15 g/t Au over 17.1 m, including 9.72 g/t Au over 11.0 m and including 44.43 g/t Au over 1.4 m.

SLW10-01: The Main Zone was intersected on Line 10000N between 409.9 m and 411.3 m that returned 2.74 g/t Au over 1.4 m, including 6.17 g/t Au over 0.6 m;

SLW10-02: The Main Zone was intersected on Line 8200N from 124.2 m to 132.3 m and returned 2.22 g/t Au over 8.1 m, including 6.50 g/t Au over 1.8 m. 

In total, 8,271 meters of core were drilled in 28 holes from February 12 to March 10, 2010. Four light weight diamond drills were used for the program, two from Chibougamau Diamond Drilling Ltd. of Chibougamau, Quebec and two from Distinctive Drilling Services Ltd. of Dryden, Ontario.

The Duport Deformation Zone ("DDZ") that hosts the prospective Duport Gold Deposit has been drilled tested over a strike length of 6.1 km, from Line 13100N to Line 7000N to a vertical depth of 365 meters. The Duport gold deposit is characterized by two laterally persistent silicified shear zones referred to as the Main and East (Footwall) zones that contain stringer and disseminated pyrite, pyrrhotite and arsenopyrite. The zones dip 70 degrees to the west. National Instrument 43-101 compliant mineral resources at the Duport Gold Deposit are currently estimated at 424,000 tonnes grading 13.40 g/t Au for 182,000 contained ounces of gold in an indicated category and 387,000 tonnes grading 10.69 g/t Au for 131,000 contained ounces of gold in an inferred category (see press release of July 9th, 2009).

In addition, the parallel Stevens Island Deformation Zone ("SIDZ") was investigated with one hole and two short strike length AEM conductors were tested about 3.8 km south of Duport.

This press release was prepared by Marc L'Heureux, P. Geo. and VP Exploration of Everton, who acts as Everton's Qualified Person as defined by NI 43-101. Field work and drill program proposal and preparation were done under the direct supervision of Kevin Leonard, P. Geo.

In Canada, Everton has projects in Ontario and Quebec:

Through its 100%-owned subsidiary, Hays Lake Gold, Everton holds various options on a 81.3-km2 consolidated land package located in the Shoal Lake area, near Kenora, Ontario. The Shoal Lake Project is comprised of two significant high grade gold deposits, the Duport Gold Deposit on Shoal Lake West, optioned from Halo Resources Inc. and the Cedar Island Deposit, optioned from Kenora Prospectors and Miners Ltd.

Everton is also exploring in the Opinaca region of James Bay, Quebec where the Company has amassed one of the largest land claims adjacent to Goldcorp's Eleonore gold deposit, which currently hosts an estimated mineral resource of 9.4 million ounces of gold.

In the Dominican Republic, Everton is also actively exploring adjacent to the US$2.7 billion Pueblo Viejo project, currently being developed by the world's largest gold mining company, Barrick Gold Corporation (60%) in partnership with Goldcorp Inc. (40%). Pueblo Viejo is estimated to contain 22.4 million ounces of gold, 455 million pounds of copper and 131.3 million ounces of silver.

This news release contains certain forward-looking statements that involve risks and uncertainties, such as statements of Everton's plans, objectives, strategies, expectations and intentions. The Words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to Everton, or its management, are intended to identify such forward-looking statements. Many factors could cause Everton's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. The forward-looking statements included in this press release represent Everton's views as of the date of the release. While Everton anticipates that subsequent events and developments may cause its views to change, it specifically disclaims any obligation to update these forward-looking statements. All subsequent written and oral forward-looking statements attributable to Everton or persons acting on its behalf are expressly qualified in their entirety by this notice. 

Neither 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.

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