Everton Resources Inc.
TSX VENTURE : EVR
FRANKFURT : ERV

Everton Resources Inc.

October 01, 2014 16:30 ET

Everton Completes a $325,000 Flow-Through Shares Private Placement

OTTAWA, ONTARIO--(Marketwired - Oct. 1, 2014) -

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Everton Resources Inc. ("Everton" or the "Company") (TSX VENTURE:EVR)(FRANKFURT:ERV) is pleased to announce that it has closed a private placement of 4,062,500 "flow-through" common shares at an issue price of $0.08 per share for aggregate gross proceeds to Everton of $325,000.

Everton will use the proceeds raised from the issuance of the "flow-through" common shares to incur Canadian Exploration Expenses on the Company's properties located in the Province of Quebec.

In connection with the private placement, the Company paid a cash finder's fee equal to 7% of the gross proceeds raised pursuant to the private placement and issued non-transferable finder's warrants equal to 10% of the number of "flow-through" common shares issued under the private placement. Each finder's warrant will entitle the holder to purchase one common share of the Company at a price of $0.08 per common share for a period of 24 months following the closing of the private placement.

Pursuant to the National Instrument 45-102 Resale of Securities, all of the securities issued pursuant to the private placement are subject to a four-month "hold period". As a result of the closing of the private placement there are 48,388,345 common shares outstanding.

About Everton Resources Inc.

Everton is an exploration company with concessions in the Dominican Republic adjacent to the Pueblo Viejo Mine, owned by the world's two largest gold mining companies, Barrick Gold Corporation (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.

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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