Everton Resources Inc.
TSX VENTURE : EVR
FRANKFURT : ERV
OTCQX : EVRRF

Everton Resources Inc.

August 27, 2012 16:47 ET

Everton Closes $1,597,000 Non Brokered Private Placement

OTTAWA, ONTARIO--(Marketwire - Aug. 27, 2012) -

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. ("Everton" or the "Corporation") (TSX VENTURE:EVR)(FRANKFURT:ERV)(OTCQX:EVRRF) is pleased to announce it has completed a non brokered private placement of 19,962,500 units (each, a "Unit") at a price of $0.08 per Unit for gross proceeds of $1,597,000 (the "Offering"). Each Unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of $0.15 per share for a period of 24 months ending August 24, 2014. Insiders participated in the Offering for total gross proceeds of $102,000.

In connection with the Offering, the Corporation paid finders' fees totalling $60,270 and issued 1,103,375 non-transferable warrants, each warrant entitling the holder thereof the right to acquire one common share of the Corporation at a price of $0.08 for a period of 24 months ending August 24, 2014. All securities issued in connection with the Offering are subject to a four month hold period expiring December 25, 2012.

The proceeds of the private placement will be used to advance the exploration of the Company's Dominican properties and for general corporate and administrative purposes.

About Everton Resources Inc.

Everton Resources and Brigus Gold Inc., Everton's exploration partner in the Dominican Republic, have reached an agreement whereby Everton will acquire 100% ownership of Brigus' remaining interest in the Ampliación Pueblo Viejo II ("APV"), Ponton and La Cueva concessions in the Dominican Republic. Everton is actively exploring adjacent to the US$4.0 billion Pueblo Viejo project, recently put into production by the world's largest gold mining company, Barrick Gold Corporation (60%) in partnership with Goldcorp Inc. (40%) ("Goldcorp") (NYSE:GG)(TSX:G). Everton also holds an interest in the Opinaca region of James Bay, Quebec where the Company 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.

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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