Evergold Drills a New Sulphide Vein System at the DEM Au-Cu-Ag Prospect, Central B.C., Assays Pending - Seite 2

About the DEM Project

The 10,451 hectare DEM property, located in moderate terrain only 40 kms northwest of Fort St. James in central B.C., lies toward the south end of the Nation Lakes porphyry camp and within the Quesnel Terrane, the latter of which hosts large deposits and long-life mines including the nearby Mount Milligan (50 kms to the northeast of DEM), and Lorraine deposits, and, farther south, Mt. Polley, Afton, Copper Mountain, Brenda, and the Highland Valley deposits (Figure 3). Located central to the DEM property is the “DEM Halo” prospect, a roughly 4km² target area defined by alteration and mineralogy suggestive of the presence of a porphyry system, by a multi-element soil geochemical signature, including highs to 2.1 ppm Au, 160 ppm Ag, >10,000 ppm As, and 651 ppm Cu, by compelling high-relief magnetic and IP-chargeability anomalies, and by the presence of nearby regional scale structures. Extensive logging in the area and forest service roads provide drive-on access directly to the DEM prospect. All of these factors, when combined, are suggestive of excellent discovery potential for a copper-gold-silver porphyry and related vein systems. Further details on the DEM prospect may be found on the Company’s website at www.evergoldcorp.ca/projects/dem-property/ and in a NI 43-101 technical report entitled “Technical Report on the DEM Property” dated August 30, 2023, posted thereon and on the Company’s issuer profile at SEDAR+.

Quality Assurance and Quality Control

Charles J. Greig, M.Sc., P.Geo., the Company’s Chief Exploration Officer and a Qualified Person as defined by NI 43-101, has reviewed and approved the technical information in this news release.

Figure 1: Plan View: Drilling on Topography and Total Field Magnetics

Figure 2: Section Views: Drilling on Induced Polarization Chargeability

Figure 3: DEM Property Location in Province-Wide Geological Context

About Evergold

Evergold Corp. is a TSX-V listed mineral exploration company with projects in B.C. and Nevada. The Evergold team has a track record of success in the junior mining space, most recently the establishment of GT Gold Corp. in 2016 and the discovery of the Saddle South epithermal vein and Saddle North porphyry copper-gold deposits near Iskut B.C., sold to Newmont in 2021 for a fully diluted value of $456 million, representing a 1,136% (12.4 X) return on exploration outlays of $36.9 million.