Everton Resources Inc.

Everton Resources Inc.

February 25, 2014 08:30 ET

Everton Announces Share Consolidation

OTTAWA, ONTARIO--(Marketwired - Feb. 25, 2014) - Everton Resources Inc. ("Everton" or the "Company") (TSX VENTURE:EVR)(FRANKFURT:ERV) is pleased to announce that the TSX Venture Exchange ("TSX-V" or the "Exchange") has approved the consolidation of the Company's common shares ("Common Shares") on a basis of one (1) post-consolidation Common Share for each five (5) pre-consolidation Common Shares (the "Consolidation") and has no objection to the Common Shares trading on a post-consolidated basis effective at the opening of market on February 25, 2014 under the new CUSIP number 300410305. The number of Common Shares of the Corporation issued and outstanding will be reduced from 154,654,225 common shares to 30,930,845 common shares.

At the Special Meeting of shareholders held on December 13th, 2013, the shareholders voted to approve the consolidation of the Company's common share capital on the basis of one (1) post-consolidation common share for every five (5) pre-consolidation common shares held.

Letters of transmittal with respect to the Consolidation have been mailed out to all registered shareholders by the Company's transfer agent, Computershare Investor Services Inc. ("Computershare"). The letter of transmittal describes the process by which registered shareholders may obtain new certificates representing consolidated Common Shares and all registered shareholders of the Company will be required to send their certificates representing pre-Consolidation Common Shares with a properly executed letter of transmittal to Computershare, in accordance with the instructions provided in the letter of transmittal. No fractional Common Shares will be issued. Where the Consolidation results in a fractional Common Share, the number of post-Consolidation Common Shares will be rounded down to a lower unit where the fraction obtained is less than 0.5 and rounded up to the higher unit where the fraction obtained is equal to or greater than 05. Shareholders who hold their Common Shares through a broker or other intermediary and do not have Common Shares registered in their name will not need to complete a letter of transmittal.

About Everton Resources Inc.

Everton is actively exploring in the Dominican Republic adjacent to the Pueblo Viejo Mine, owned by the world's two largest gold mining companies, Barrick Gold Company (60%) in partnership with Goldcorp Inc. (40%) ("Goldcorp"). Everton also holds an interest in the Opinaca region of James Bay, Quebec where the Company has partnered with Hecla Mining Company (formerly Aurizon Mines Ltd.) which is advancing Everton's interest by funding 100% of all exploration work on one of the largest land packages adjacent to Goldcorp's Eleonore gold deposit.

For further information on Everton Resources Inc. please visit www.evertonresources.com.

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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