Everton Resources Inc.

Everton Resources Inc.

August 15, 2006 09:00 ET

Everton Discovers a New High-Grade Gold Showing on its 100%-Owned Wildcat Property, in the Opinaca Region, James Bay, Quebec

OTTAWA, ONTARIO--(CCNMatthews - Aug. 15, 2006) - Everton Resources Inc. (TSX VENTURE:EVR) is pleased to announce the discovery of a new high-grade gold outcrop on its 100%-owned Wildcat Property, in the Eleonore gold discovery area, in the Opinaca region, James Bay, Quebec.

Prospecting and sampling on the Wildcat property led to the discovery of the "Manuel" Showing where encouraging gold results were returned. A rock-chip sampling channel made perpendicularly to the mineralized structure returned 10.6 g/t Au over 3.0 m. Two grab samples collected on the same outcrop graded values of 18.0 g/t Au and 29.2 g/t Au. Field observation from prospecting work indicates that the mineralization may extend over several hundreds of meters on strike. Mechanical stripping and diamond rock saw channel sampling are currently underway on the Manuel Showing and on its lateral extensions. More results are expected soon.

The Showing is characterized by moderately to strongly silicified paragnessic rocks containing up to 3% fine to medium-grained disseminated, pyrite, pyrrhotite, arsenopyrite, with some traces of chalcopyrite. Small quartz veinlets are also present.

Field work was performed by the personnel of IOS Geosciences Inc. of Chicoutimi, Quebec, the personnel of Services Technominex, of Bellecombe, Quebec, and the staff of Everton, under the supervision of Marc L'Heureux, P. Geo. and VP Exploration of the Company who acts as the "Qualified Person" as described by the NI 43-101. Samples were assayed at the Laboratoire Expert Inc. of Rouyn-Noranda, Quebec and re-assayed at the ALS-Chemex Laboratory of Val d'Or, Quebec.

Everton Resources is actively exploring in the Opinaca region near James Bay, Quebec where Everton has amassed one of the largest land claims adjacent to the Eleonore gold discovery, where Goldcorp Inc. (NYS:GG TSX:G) is proposing to spend several hundreds of millions of dollars developing its recent property acquisition. Everton Resources is also actively drilling in the Dominican Republic adjacent to where the world's largest gold mining company, Barrick Gold (NYSE/TSX:ABX), is partnering with Goldcorp to develop the Pueblo Viejo gold deposit, one of the world's largest gold deposits, at an estimated cost of $1.4 billion.

The TSX Venture Exchange neither approves nor disapproves of the information contained in this News Release. The Company's Shares are listed on the TSX Venture Exchange and trade under the symbol "EVR".

Contact Information

  • Everton Resources Inc.
    Todd Opalick
    Manager Investor Relations
    (613) 241-2332
    (613) 241-6005 (FAX)
    todd @evertonresources.com
    Everton Resources Inc.
    Andre Audet
    Chairman & CEO
    (613) 241-2332
    (613) 241-6005 (FAX)