Everton Resources Inc.

Everton Resources Inc.

October 12, 2005 09:00 ET

Everton Signs a Strategic Alliance with Cambior on a Gold Bearing Project in James Bay, Quebec

OTTAWA, ONTARIO--(CCNMatthews - Oct. 12, 2005) - Everton Resources Inc. (TSX VENTURE:EVR) is pleased to announce the signing of a strategic alliance with Cambior Inc. on a gold bearing property in James Bay, Quebec.

The property is characterized by the presence of several gold anomalies in lake bottom sediments associated with kilometric extension structures. A first phase of exploration work is currently underway. The work consists of following up lake bottom samples as well as geological reconnaissance and rock sampling.

Within the framework of the agreement, Cambior will form a 50% joint venture with Everton by making a firm commitment of spending $100,000 in exploration work and making cash payments totaling $60,000 within the year. Everton is the manager of the project during the acquisition period.

Marc L'Heureux, P.Geo., and Vice President Exploration, acts as the "Qualified Person" on the project as requested by the NI 43-101.

Everton is a well-financed junior company with gold and base metal properties in James Bay, Quebec, the Dominican Republic, and Uruguay.

The TSX Venture Exchange neither approves nor disapproves of the information contained in this News Release.

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