Everton Resources Inc.

Everton Resources Inc.

March 11, 2005 16:30 ET

Everton Increases its Financing and Completes $800,000 Private Placement


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: EVERTON RESOURCES INC.

TSX VENTURE SYMBOL: EVR

MARCH 11, 2005 - 16:30 ET

Everton Increases its Financing and Completes $800,000
Private Placement

OTTAWA, ONTARIO--(CCNMatthews - March 11, 2005) - Everton Resources Inc.
(TSX VENTURE:EVR) has closed a non-brokered private placement for gross
proceeds of $800,000.

The offering consisted of 2,282,857 units at a price of 35 cents per
unit. Each unit was comprised of one common share and one-half of one
common share purchase warrant. Each whole common share purchase warrant
entitles the holder thereof to purchase one common share at price of 40
cents per share for a period of 24 months from the closing. The units
are subject to a four month hold period from the closing.

Four Quebec based institutions participated in the financing: SIDEX for
an amount of $200,000; James Bay Development Corporation for an amount
of $200,000; FTQ Nord du Quebec for an amount of $150,000and Sodemex I
and II for $100,000 each.

The proceeds from the offering will be used to explore the Company's
James Bay, Quebec gold projects.

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".

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