Mr. Alex Walcott reports

EVERGOLD DRILLS 4.9 M OF 7.70 G/T AU AND 186.0 G/T AG WITHIN 13.5 METRES OF 2.84 G/T AU AND 127.6 G/T AG IN FIRST 2026 DRILL HOLES AT GOLDEN LION

Evergold Corp. has released assay results from the first six of 16 diamond drill holes completed in 2026 at the GL1 zone of its 100-per-cent-owned Golden Lion project in the Toodoggone district of Northern British Columbia. Multielement ICP results, including copper, lead and zinc, are also pending for all six holes reported herein.

"GL26-031 is the standout so far," said Alex Walcott, president and chief executive officer of Evergold. "Nearly five metres of 7.7 grams per tonne gold and 186 grams per tonne silver, 100 metres along trend from the best hole we drilled in 2021, tells us the high-grade domain at GL1 has room to grow both along strike and to depth. These are the first six of 16 holes, and we look forward to reporting the remaining 10 as results arrive."

The program, which is now complete, followed up the company's 2021 drilling, which returned 66 metres of 1.36 g/t Au and 11 g/t Ag in GL21-024 and 11.3 metres of 5.4 g/t Au and 62 g/t Ag in GL21-025 (see news release dated Nov. 16, 2021). The 2026 holes reported herein were drilled from two fences, stepping out roughly 40 and 100 metres southeast of the 2021 holes, to test the continuity of mineralization along strike and downdip.

Discussion of results

Fence 1: GL26-026 to GL26-028

Collared about 40 metres southeast of the 2021 fence, holes GL26-026 to GL26-028 intersected a broad and continuous mineralized envelope. GL26-027 returned 53.2 metres of 0.94 g/t from approximately 101 to 151 metres vertical depth, including a higher-grade core of 9.35 metres of 2.36 g/t Au. GL26-026 returned 44.0 metres of 0.74 g/t Au from approximately 83 to 119 metres vertical depth. Shallower mineralization in GL26-026 begins at about 56 metres vertical depth. The envelope is continuous along strike and sits close to surface, immediately downdip of an historical gold- and silver-in-soil anomaly outlined by Newmont in the 1980s.

Fence 2: GL26-029 to GL26-031

Collared 100 metres southeast of holes GL21-023 to GL21-025, holes GL26-029 and GL26-030 intersected a broad, lower-grade envelope consistent with the fences to the northwest, starting at about 81 metres vertical depth in GL26-030. GL26-031, drilled steeply beneath GL26-029 and GL26-030, cut a distinct higher-grade zone of 13.5 metres of 2.84 g/t Au and 127 g/t Ag at about 199 to 212.5 metres vertical depth, including 4.9 metres of 7.7 g/t Au and 186 g/t Ag. This zone is similar in tenor to the high-grade interval in GL21-025 and may represent its extension at depth to the southeast.

2026 exploration program:

• Diamond drilling: 16 holes totalling 3,988 metres at GL1, completed between July and August, 2026;
• Airborne magnetic and radiometric surveys: a 725 line-kilometre helicopter-borne survey over the entire property at 75-metre line spacing was also recently completed;
• 3-D modelling is under way;
• MobileMT: a 264-line-kilometre property-wide survey at 250-metre line spacing was completed in June; 3-D conductivity inversion is also complete;
• Drone lidar and detailed magnetics: 2.8 square kilometres of lidar coverage along and across the GL1 trend produced a 0.2-metre terrain model and orthophoto, along with detailed drone magnetic surveying at an approximate spacing of 25 metres;
• Mapping and sampling: 30 square kilometres of 1:10,000-scale mapping and 138 rock and 1,555 soil samples, focused on Copper King, the northern claim block and the GL1 trend; results are pending.

Next steps

Once all results are received, the company will integrate the 2026 drilling, geophysical and surface data into a 3-D model to aid with the 2027 program planning. An area-based permit application covering induced polarization surveys and drilling at GL1 and at showings and targets in the northern claim block will be submitted over the coming months.

Appointment of investor relations manager

Evergold is pleased to announce the appointment of Alwin Fernandez as investor relations manager. Mr. Fernandez has supported the company's communications and marketing over the past year through C.J. Greig & Associates in British Columbia and brings more than 15 years of communications, marketing, stakeholder engagement and project management experience, including roles with Take-Two Interactive and Transport for London. Mr. Fernandez's salary will be $6,000 per month. Mr. Fernandez holds 6,363 common shares in the capital of the Company.

About Evergold Corp.

Evergold is advancing its 100-per-cent-owned Golden Lion gold-silver (copper) project in the Toodoggone district of Northern British Columbia. The property, including the recently acquired Copper King claims, covers more than 12,500 hectares and lies about nine kilometres north of Thesis Gold's road-accessible Ranch property and 40 kilometres north of the Sturdee River airstrip. Newmont drilled 2,475 metres at Golden Lion between 1982 and 1984, and Evergold drilled 4,825 metres between 2019 and 2021 prior to returning in 2026. At the GL1 main zone, the fault zone, likely a reactivated syn-mineral structure, hosts intermediate-sulphidation-style epithermal gold-silver mineralization, with high-grade intercepts inside a broad lower-grade halo. The extensional structure can be traced for at least two kilometres by gold-silver soil anomalies and coincident low resistivity in direct-current/IP surveys. The GL1 geology is described further in the news release dated Jan. 17, 2022. To the north of GL1, historical data point to copper potential of the kind recently realized elsewhere in the district.

Quality assurance/quality control

Drill core was logged and sawn in half on site, and samples were submitted to MSALABS in Prince George, B.C. Gold and silver were analyzed by PhotonAssay on approximately 500-gram samples. All samples have been submitted for multielement ICP analysis, with results pending. Certified reference standards, blanks and duplicates were inserted into the sample stream at a rate of 2 per cent to 4 per cent, in addition to the laboratory's internal checks. Screen fire assays will be completed on select high-grade samples.

Qualified person

The technical information in this news release has been reviewed and approved by C.J. (Charlie) Greig, PGeo, who is the executive chairman of the company and a qualified person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects. Mr. Greig is not independent of the company within the meaning of NI 43-101.

We seek Safe Harbor.