Mr. Andre Audet reports

EVERTON ANNOUNCES A $600,000 NON-BROKERED PRIVATE PLACEMENT AND PLANS 3,000 METRES DRILLING PROGRAM ON MULTIPLE GOLD AND COPPER TARGETS ON ARROYO CARPINTERO (PONTON) IN DOMINICAN REPUBLIC

Everton Resources Inc. has arranged a non-brokered private placement of up to 12 million units at a price of five cents per unit for aggregate gross proceeds of up to $600,000. Each unit will consist of one common share with one-half of one common share purchase warrant. Each whole warrant entitles the holder thereof to acquire one additional common share in the capital of the corporation at a price of seven cents per common share for a period of 24 months following the closing of the offering. All securities issued in the private placement are subject to a four-month hold period. The proceeds of the financing will be used primarily to complete the phase I drilling program on the Arroyo Carpintero property, advance exploration work in other Dominican Republic properties and for general working capital requirements.

The corporation may pay finders' fees on a portion of the private placement not relating to insiders of the corporation.

Drilling program on Arroyo Carpintero (Ponton)

The recent results of the induced polarization survey indicate that there is a large, deep and strong chargeability anomaly that is centred on Majagual Hill. There is a strong resistivity signature which has a strong correlation with the chargeability. Additionally, there is a positive correlation between the locations of both the resistivity and chargeability anomalies with elevated concentrations of gold and copper in the soil and rocks. This signature is indicative of a potential large-scale copper porphyry system (reference -- news release of Dec. 14, 2016).

Geologically, the Arroyo Carpintero project is part of a series of volcanic centres that developed during the formation of the Island Arc. The Pueblo Viejo deposit seems to be in the northwesternmost volcanic centre; Arroyo Carpintero lies in the central volcanic centre, and deposits such as the ones in the Bayaguana region are interpreted to be in the southeastern end of this belt.

Everton has outlined seven diamond drill holes that range between 400 metres and 600 metres in length, with a program total of 3,000 metres to be started in early February, 2017.

The technical content of this release was reviewed by Wade Kornik, PGeo, a qualified person as defined by the National Instrument 43-101.

About Everton Resources

Everton is an exploration company with concessions in the Dominican Republic adjacent to the Pueblo Viejo mine, owned by the world's two largest gold mining companies, Barrick Gold Corp. (60 per cent) in partnership with Goldcorp Inc. (40 per cent). Everton also holds an interest in the Opinaca region of James Bay in Quebec where the company has partnered with Hecla Mining Company, which is advancing Everton's interest in the Opinaca B project by financing 100 per cent of all exploration work on one of the largest land packages adjacent to Goldcorp's Eleonore gold deposit. Everton recently announced the acquisition of two properties: the Blue Sky Jackpot lithium property in Ontario and the Detour Lake gold property in Quebec.

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