Definitive Agreement To Option Rockland Gold-Silver Property

TORONTO - Evergold Corp. has now entered into a Definitive Agreement with vendor Enigma Resources LLC for an option to purchase the Rockland, Nevada gold-silver property. The terms of the Definitive Agreement remain the same as those of the Letter Agreement previously announced. The Rockland Property hosts a long (+800 metres), broad (~200 metres), gold-silver zone encompassing high-grade intervals and accompanied by strong trace element geochemistry.

The Rockland property’s near-term exploration potential and drive-on, year-round access make it strongly complementary to the Company’s flagship Snoball and Golden Lion prospects in northern British Columbia. At Snoball, the Company discovered an early-stage high-grade gold-silver vein system in Phase 1 sampling and drilling in 2020, and a large-scale gold-silver zone has been outlined at Golden Lion by the Company’s 2020 Phase 1 drilling and by historical drilling carried out by Newmont in the 1980’s.