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Evergold Advances Golden Lion Field Program, Northern B.C., To Early July Drill Start

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TORONTO, June 16, 2021 (GLOBE NEWSWIRE) — Evergold Corp. (“Evergold” or the “Firm”) (TSX-V:EVER, FRA:A2PTHZ) is happy to announce that re-opening of the exploration camp is properly superior at its Golden Lion property, situated in northern BC’s Toodoggone area, 25 kms north of Benchmark Metallic’s Legal professionals property. Components of the geological crew are actually on website, and a man-portable reconnaissance drill will arrive on the 22nd. Geophysical crews will mobe-in on the 25th, and a big heli-portable drill needs to be coring by the tip of the primary week of July. Readers are directed to the Firm’s Might 11, 2021 information launch for additional particulars of exploration plans for each the Golden Lion and Snoball properties, the place a minimal mixed complete of 4,500 metres of drilling cut up between each properties is deliberate, concentrating on the big GL1 Important gold-silver zone at Golden Lion, and the high-grade gold-silver ‘C Zone’ at Snoball.

About Evergold

Evergold Corp. has been assembled by a crew with a file of latest success in B.C., particularly the institution of GT Gold Corp. (TSXV: GTT) in 2016 and the invention in 2017 of each the Saddle South and Saddle North copper-gold deposits, now holding greater than 20 million ounces of gold equal in all classes, and lately acquired by Newmont Company. Evergold combines 4 100%-owned properties in prime B.C. geological actual property from well-known geologist C.J. (Charlie) Greig, with the lately optioned Rockland property in Nevada, seasoned administration, and a professional board. The Firm’s flagship belongings include the Snoball property, situated within the coronary heart of BC’s famed Golden Triangle, the place drilling in 2020 achieved the invention of a brand new high-grade, gold-silver system on the highest elevations on Pyramid Peak; the Golden Lion property, situated on the north finish of B.C.’s Toodoggone area, the place drilling in 2020 confirmed the presence of a large-scale epithermal-style gold-silver zone on the GL1 Important prospect; and the past-producing high-grade Rockland gold-silver property in Nevada. All three of those properties host zones of valuable metals that the Firm believes supply appreciable near-term upside.  

Certified Particular person

Andrew J. Mitchell, P.Geo., Vice President, Exploration for Evergold Corp. and a Certified Particular person as outlined by NI 43-101, has reviewed and accredited the technical info on this information launch.

For added info, please contact:

Kevin M. Keough
President and CEO
Tel: (613) 622-1916

Neither the TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.

Cautionary Assertion Relating to Ahead-Trying Data

This information launch contains sure “forward-looking statements” which aren’t comprised of historic details. Ahead-looking statements embrace estimates and statements that describe the Firm’s future plans, targets or objectives, together with phrases to the impact that the Firm or administration expects a acknowledged situation or outcome to happen. Ahead-looking statements could also be recognized by such phrases as “believes”, “anticipates”, “expects”, “estimates”, “could”, “might”, “would”, “will”, or “plan”. Since forward-looking statements are primarily based on assumptions and tackle future occasions and situations, by their very nature they contain inherent dangers and uncertainties. Though these statements are primarily based on info at the moment out there to the Firm, the Firm gives no assurance that precise outcomes will meet administration’s expectations. Dangers, uncertainties and different components concerned with forward-looking info might trigger precise occasions, outcomes, efficiency, prospects and alternatives to vary materially from these expressed or implied by such forward-looking info. Ahead wanting info on this information launch contains, however just isn’t restricted to, the Firm’s targets, objectives or future plans, statements, exploration outcomes, potential mineralization, the estimation of mineral sources, exploration and mine growth plans, timing of the graduation of operations and estimates of market situations. Elements that might trigger precise outcomes to vary materially from such forward-looking info embrace, however aren’t restricted to failure to determine mineral sources, failure to transform estimated mineral sources to reserves, the lack to finish a feasibility examine which recommends a manufacturing determination, the preliminary nature of metallurgical check outcomes, delays in acquiring or failures to acquire required governmental, environmental or different undertaking approvals, political dangers, lack of ability to satisfy the responsibility to accommodate First Nations and different indigenous peoples, an lack of ability to foretell and counteract the results of COVID-19 on the enterprise of the Firm, together with however not restricted to the results of COVID-19 on the worth of commodities, capital market situations, restrictions on labour and worldwide journey and provide chains, uncertainties regarding the supply and prices of financing wanted sooner or later, modifications in fairness markets, inflation, modifications in trade charges, fluctuations in commodity costs, delays within the growth of tasks, capital and working prices various considerably from estimates and the opposite dangers concerned within the mineral exploration and growth business, and people dangers set out within the Firm’s public paperwork filed on SEDAR. Though the Firm believes that the assumptions and components utilized in making ready the forward-looking info on this information launch are affordable, undue reliance shouldn’t be positioned on such info, which solely applies as of the date of this information launch, and no assurance could be on condition that such occasions will happen within the disclosed time frames or in any respect. The Firm disclaims any intention or obligation to replace or revise any forward-looking info, whether or not on account of new info, future occasions or in any other case, apart from as required by regulation.

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