Everton Resources Inc.

Everton Resources Inc.

February 10, 2010 16:00 ET

Everton Resources Inc. and Linear Gold Corp. Release More Drill Results from the La Lechoza Prospect, Ampliacion Pueblo Viejo Concession, Dominican Republic

OTTAWA, ONTARIO--(Marketwire - Feb. 10, 2010) - Everton Resources (TSX VENTURE:EVR) and partner Linear Gold (TSX:LRR) are pleased to announce results received for the first four holes of the drilling campaign at the La Lechoza Prospect, located in the Ampliación Pueblo Viejo concession in Central Dominican Republic. Highlights for these four holes are:

    From (m) To (m) Length (m) Au (g/t) Ag (g/t) Cu (%)
    0.00 33.50 33.50   41.5  
  Incl. 11.00 23.00 12.00   105.0  
  and 0.00 8.00 8.00 1.08    
    32.00 48.50 16.50     0.28
  Incl. 32.00 38.00 6.00     0.53
    From (m) To (m) Length (m) Au (g/t) Ag (g/t) Cu (%)
    0.00 5.00 5.00 0.52    
  Incl. 0.00 1.00 1.00 1.61    
    18.50 44.50 26.00     0.80
  Incl. 19.50 31.00 11.50     1.16
  Incl. 23.15 26.00 2.85     1.87
    From (m) To (m) Length (m) Au (g/t) Ag (g/t) Cu (%)
    10.00 14.50 4.50 5.80 59.37 1.19
  Incl. 10.00 13.00 3.00 7.89    
    10.00 71.00 61.00   18.49  
  Incl. 45.00 49.65 4.65   94.44  
    32.25 47.00 14.75     0.61
  Incl. 36.50 40.65 4.15     0.99
    From (m) To (m) Length (m) Au (g/t) Ag (g/t) Cu (%)
    0.00 26.60 26.60 0.44    
  Incl. 0.00 3.50 3.50 2.23   0.18
    11.00 17.00 6.00   >76.5* 0.13
* Assays over-limits pending.

To date, the program has completed ten drill holes for a total of 797 meters. Assays from holes APV10-05 to 10 are pending. The drill program is designed to test mineralization previously drilled with AirTrack drilling in the 1980s and core drilling in 2003 and 2004. The drilling is targeted around the main La Lechoza Prospect in the sectors named North Hill (original surface showing), Spanish Pit, a gossan zone approximately 250 meters to the southwest, and the newly discovered sector Pon Hill is located a further 200 meters southwest of Spanish Pit. The total extension of the mineralization is estimated to be 450 meters by 200 meters. Values up to 11.18 g/t gold, >300 g/t silver, 3.03% copper were returned from this drilling campaign. André Audet, Chairman and CEO, stated: "These results confirm the high potential of the La Lechoza prospect to develop a copper, gold, silver resource in the near future".

The intersected mineralization varies from semi-massive sulphide including pyrite, chalcopyrite, sphalerite and argentite associated with clay-rich breccias zones, to quartz-sulphide stockwork and veining in strongly silicified volcanic-derived breccias. A supergene oxidation zone with secondary copper oxides and carbonates cap most of the fresh hypogene sulphides or primary mineralization. Significant secondary copper enrichment (covellite-chalcosite) and locally visible gold have been observed in the core. (see map on www.evertonresources.com)

The drilling campaign is being oriented to define the extension of the mineralization system and to discern the structural and stratigraphical setting. Mineralogical and petrographical studies will be oriented to define the environment of formation. 

Further work planned in the Ampliación Pueblo Viejo will consist of an exhaustive alteration minerals' study using portable infrared spectrometer (PIMA) to orient further drilling at the extensive alteration lithocap at Loma La Cuaba in the southern sector of the concession and adjacent to the Pueblo Viejo gold deposit.

This news release was prepared under the supervision of Marc L'Heureux, P. Geo. and VP Exploration of Everton, who acts as Everton's Qualified Person as defined by NI 43-101.

Everton recently acquired Hays Lake Gold Inc., a private company with various options to acquire a 38 km2 consolidated land package located in the Shoal Lake area, near Kenora, Ontario. The Shoal Lake Gold Project is comprised of two significant high grade gold deposits: Duport and Cedar Island. Everton is actively exploring in the Dominican Republic adjacent to the US$2.7 billion Pueblo Viejo project, currently being developed by the world's largest gold mining company, Barrick Gold Corporation (60%) (NYSE/TSX: ABX) in partnership with Goldcorp (40%) ("Goldcorp") (NYSE: GG, TSX: G). Pueblo Viejo is estimated to contain 22.4 million ounces of gold, 455 million pounds of copper and 131.3 million ounces of silver. The Company is also exploring in the Opinaca region of James Bay, Quebec where the Company has amassed one of the largest land claims adjacent to Goldcorp's Eleonore gold deposit, which currently hosts an estimated mineral resource of 5.3 million ounces of gold.

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 from 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. 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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