Everton Resources Inc.

Everton Resources Inc.

August 31, 2012 08:30 ET

Everton Resources Appoints New CFO and Amends Stock Option Plan

OTTAWA, ONTARIO--(Marketwire - Aug. 31, 2012) - Everton Resources Inc. ("Everton") (TSX VENTURE:EVR)(OTCQX:EVRRF)(FRANKFURT:ERV) is pleased to announce the appointment of Sabino Di Paola as new Chief Financial Officer effective August 31, 2012. Mr. Di Paola is replacing Ms. Judith Mazvihwa-MacLean who has resigned her position as CFO on August 31st, 2012 to pursue other interests.

The Board would like to thank Ms. MacLean for her service and wish her the best of luck in her future endeavours.

Sabino Di Paola, CA, is the President and owner of Accounting Made Easy Plus. Mr. Di Paola is a Chartered Accountant. He has close to a decade of experience in audit, finance and accounting while working as an auditor for international accounting firms such as PricewaterhouseCoopers and BDO Canada. This has allowed him to gain a wide variety of experience in accounting and auditing for private and public companies as well as non-profit organizations. Sabino is involved with numerous financing and spin out transactions and is responsible for all aspects of financial services, financial reporting, and corporate governance. He currently serves as the Chief Financial Officer of Undur Tolgoi Minerals Inc. which is a publicly listed junior exploration company. He is also the Chief Financial Officer of Red Ore Gold Inc. which is a junior exploration company which is in the process of a listing application with the TSX-V.

In addition, the Company announced it has made the following changes to their stock option plan:

The Stock Option plan has been amended to increase the time allowed for directors, officers, consultants, or employees to exercise their options from 60 days to 12 months from the date they cease to be a director, officer, consultant, or employee of the company.

The company increased the maximum number of common share reserved for issuance under its stock option plan from 11,691,725 to 13,152,922, representing 10% of the outstanding common shares to date. These options may be granted to the Company's employees, officers, directors and persons providing ongoing services to the Company, subject to regulatory approval.

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$3.8 billion Pueblo Viejo project, currently being developed 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.


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 the 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.

Contact Information