Everton Resources Inc.
TSX VENTURE : EVR

Everton Resources Inc.

March 21, 2007 08:30 ET

Everton Extends Surface Soil Anomalies to over 1.5 km on the Cuance Concession in the Dominican Republic

OTTAWA, ONTARIO--(CCNMatthews - March 21, 2007) - Everton Resources Inc. "Everton" (TSX VENTURE:EVR) and joint venture partner Globestar Mining (TSX:GMI) are pleased to announce that the soil geochemical survey currently underway on the Cuance concession, located in the central part of the Dominican Republic, has extended the zone of enriched multi-element soil anomalies by over 1.5 km SE of the Las Tres Bocas target located on the adjacent Loma El Mate concession (JV with Linear Gold). The new multi-element soil anomalies include: gold, copper, zinc, lead, and pathfinders cadmium, arsenic and barium, and are equally as strong as the soil anomalies that resulted in a high-grade drill intercept of 11.58 meters of 2.74 g/t Au, 96.73 g/t Ag, 1.87% Cu and 8.62% Zn at the Las Tres Bocas target (press release dated May 17, 2006). These soil anomalies are also on trend with the soil anomalies identified on the adjacent Los Hojanchos concession (JV with Globestar).

This survey is a continuation of exploration efforts that commenced in the summer of 2005 and to-date, 1332 soil samples have been collected on the Cuance concession, including 661 samples taken since September 2006. Exposures of mineralised quartz-sericitic schists which are similar to the Maimon Formation around the Las Tres Bocas area have been identified, mapped and sampled.

In addition, the comprehensive large-scale deep penetrating airborne magnetic and electromagnetic survey, announced on November 23, 2006, has been completed on the Cuance, Los Hojanchos and Loma El Mate concessions, in the central part of the Dominican Republic. A follow-up program will consist of additional definition soil and rock sampling that will be processed in conjunction with the airborne geophysical data, to identify targets for drilling in the summer 2007.

In other news, Everton has decided to increase the number of shares reserved for issuance under its stock option plan, subject to regulatory approval, from 4,500,000 options to 5,680,698 options, representing 10% of the outstanding shares.

This press release was prepared under the supervision of Marc L'Heureux, P.Geo., Everton's Vice-President of Exploration, who acts as the 'Qualified Person" as described by NI 43-101.

Everton is well funded and actively exploring in the Opinaca region of James Bay, Quebec where Everton has amassed one of the largest land claims adjacent to the Eleonore gold discovery, and where Goldcorp Inc. (NYSE:GG, TSX:G) is proposing to spend several hundreds of millions of dollars developing its recent property acquisition. Everton is also actively exploring 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 18 million ounce Pueblo Viejo gold deposit, one of the world's largest undeveloped gold deposits, at an estimated cost of $2.3 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