Everton Resources Inc.
TSX VENTURE : EVR
FRANKFURT : ERV

Everton Resources Inc.

June 22, 2011 16:00 ET

Everton Cancels Previously Announced Financing

OTTAWA, ONTARIO--(Marketwire - June 22, 2011) -

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

Everton Resources Inc. (TSX VENTURE:EVR)(FRANKFURT:ERV) ("Everton" or the "Corporation") said today it has cancelled its financing offering announced June 7, 2011 (the "Offering).

"After reviewing market conditions, coupled with the fact Everton has sufficient cash and assets to continue its drilling program at its Ampliacion Pueblo Viejo (APV) property, we decided to withdraw the short form prospectus in the best interest of our shareholders and the company," said Everton President and CEO Andre Audet.

"As our agreement to acquire Brigus Gold's interest in the APV property (announced May 25, 2011) demonstrates, we have tremendous confidence in the property," he said.

Mr. Audet said the company will re-visit its financing options at an appropriate time. For the time being, he said, Everton is advancing its drilling plans.

About Everton Resources Inc.

The Corporation holds a 50% interests in the Ampliacion Pueblo Viejo ("APV") and La Cueva projects (the "Concessions"), which are managed by Everton and are contiguous with Barrick's and Goldcorp's US$3 billion Pueblo Viejo gold project. Planned divestiture of its 100%-owned subsidiary Hays Lake Gold containing the Shoal Lake Gold Project in Kenora, Ontario is expected to provide internal funding to advance the APV project. Everton also holds an interest in the Opinaca region of James Bay, Quebec where the Corporation has partnered with Aurizon Mines Ltd. who 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.

Cautionary Note

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 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, except in accordance with applicable securities laws. Accordingly, readers are advised not to place undue reliance on forward-looking information. 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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