Mr. Alex Walcott reports

EVERGOLD ANNOUNCES UPSIZED NON-BROKERED PRIVATE PLACEMENT OF UP TO $6,000,000

Further to Evergold Corp.'s news release of March 10, 2026, it is increasing the size of its non-brokered private placement financing by up to $1-million to aggregate gross proceeds of up to $6-million of any combination of: (i) hard-dollar units of the company (HD units) at a price 55 cents per HD unit; and (ii) flow-through shares (FT shares) at a price of 65 cents per FT share. There are no changes to any other terms of the upsized offering.

It is expected that the upsized offering will close on or about April 1, 2026, or such other date or dates that the company may determine, subject to the receipt of all required regulatory approvals, including the acceptance of the TSX Venture Exchange. All securities issued and issuable in connection with the upsized offering will be subject to a hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws.

Qualified person

Charles J. Greig, MSc, PGeo, the company's executive chairman and a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information in this news release.

About Evergold Corp.

Evergold is focused on advancing the Golden Lion project, its 100-per-cent-owned, gold-silver (copper) project in Northern British Columbia's prolific Toodoggone mining district. At the southern end of the Golden Lion project, at the GL1 Main zone, previous drilling by the company, along with historical work, has outlined a near-surface, epithermal-style gold- and silver-bearing system with excellent potential for expansion along trend and down dip. The property was last explored by the company in 2021, when the final three holes yielded some of the most significant gold-silver intercepts ever drilled on the property (see news release dated Jan. 17, 2022). To the north of the GL1 Main zone, the property also has copper potential that is clearly evident in historical data, and which has been realized recently elsewhere in the district.

We seek Safe Harbor.