Mr. Kevin Keough reports

EVERGOLD STARTS DRILL PROGRAM AT DEM COPPER-GOLD-SILVER PROSPECT, B.C.

First-ever drilling of Evergold Corp.'s road-accessible DEM porphyry copper-gold-silver prospect, located in central British Columbia, is now under way. The program will encompass up to 1,000 metres of drilling in multiple holes targeting the DEM geochemical trend and underlying high-order geophysical anomalies, with completion anticipated for early November. Field operations are being carried out from a base in Fort St. James, located 40 kilometres to the southeast of site.

"It is always a thrill to drill the first holes into a really strong-looking exploration prospect," said Kevin Keough, president and chief executive officer. "I'd like to thank those shareholders who have made this possible by supporting our recent financing. DEM offers the real prospect of delivering a new discovery, to which end we are very much looking forward to the results of this program. In the event it goes well, the company will be well positioned to embark on a follow-up program in the spring."

The DEM prospect is a roughly four square km copper-gold-silver porphyry system defined by multiple supporting data sets. These include multielement geochemical anomalism in soils, including highs to 2.1 parts per million Au, 160 ppm Ag, greater than 10,000 ppm arsenic, 651 ppm Cu, 0.5 per cent lead and 0.41 per cent zinc, and overlying compelling strong magnetic and induced polarization chargeability and resistivity anomalies associated with favourable geology and regional-scale structures. These data sets, combined, suggest high discovery potential. Further details on the DEM prospect may be found on the company's website and in a National Instrument 43-101 technical report entitled "Technical Report on the DEM Property," dated Aug. 30, 2023, posted thereon and on the company's issuer profile at SEDAR+.

Quality assurance and quality control

Charles J. Greig, MSc, PGeo, 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.

About Evergold Corp.

Evergold is a TSX Venture Exchange-listed mineral exploration company with projects in B.C. and Nevada. The Evergold team has a 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-per-cent (12.4 times) return on exploration outlays of $36.9-million.

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