Mr. Kevin Keough reports

EVERGOLD ANNOUNCES PROPOSED SHARE CONSOLIDATION

Further to its news release of Sept. 15, 2025, Evergold Corp. intends to complete a consolidation of its outstanding common shares on the basis of one postconsolidation share for 10 preconsolidation shares in connection with the option granted to the company to acquire the Copper King inlier claims to its Golden Lion property in the Toodoggone region of British Columbia.

Prior to giving effect to the proposed consolidation, the company has 120,075,696 preconsolidation shares issued and outstanding. Following the consolidation, the company will have approximately 12,007,569 postconsolidation shares issued and outstanding. No fractional common shares will be issued upon the consolidation. In the event a holder of common shares would otherwise be entitled to receive a fractional common share in connection with the consolidation, the number of common shares to be received by such shareholder will be rounded down to the next whole number and no cash consideration will be paid in respect of fractional shares.

It is currently expected that the consolidation (which will also affect all outstanding options and warrants of the company) will be effected on Oct. 17, 2025, with a record date of Oct. 16, 2025. Completion of the consolidation is subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. The company will not be changing its name or stock symbol in connection with the consolidation.

A letter of transmittal will be mailed to registered shareholders providing instructions with respect to surrendering share certificates representing preconsolidation shares in exchange for postconsolidation shares issued as a result of the proposed consolidation. Until surrendered, each certificate representing preconsolidation shares will be deemed to represent the number of postconsolidation shares the holder received as a result of the consolidation. Shareholders who hold their shares in brokerage accounts or in book-entry form are not required to take any action. Outstanding securities convertible or exercisable into common shares will also be adjusted by the consolidation ratio, and the exercise price of such securities will be adjusted accordingly.

About Evergold Corp.

Evergold is a TSX-V-listed mineral exploration company with projects in British Columbia and Nevada. The Evergold team has a record of success in the junior exploration space, most recently the establishment of GT Gold Corp. in 2016 and the discovery of the Saddle epithermal vein and 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.

We seek Safe Harbor.