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Everton Resources Inc.: Everton to Study Strategic Alternatives on its Quebec Lithium Project

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^{Published in Business and Finance on Wednesday, September 23rd 2009 at 8:48 GMT by Market Wire}  

OTTAWA, ONTARIO--(Marketwire - Sept. 23, 2009) - Everton Resources Inc. ("Everton") (TSX VENTURE:EVR) (FRANKFURT:ERV) wishes to give an update on its 100%-owned Sirmac lithium deposit ("Sirmac Lithium Project") located 110 kilometers north of Chibougamau, Quebec.

The 645 ha Sirmac Lithium Project is comprised of 15 contiguous claims accessible from a secondary road via the all-weather Route du Nord. The claims were acquired by map-staking in 2007. The project is covered by quartz-biotite-hornblende schists intruded by over a dozen spodumene-rich granitic pegmatite dykes containing a high concentration of lithium. Dykes range from 1 to 120 meters in thickness and can be followed over a strike length of 500 meters. A historical resource estimate, done in 1994, yielded an uncategorized mineral inventory of 288 770 tonnes at 2.04% Li2O in Dyke #5 only (source: Ministere des Resources naturelles et de la Faune du Quebec (MRNF); GM-53771, non-NI 43-101 compliant). Three other dykes on the Sirmac Lithium Project are known to be of economic interest.

An evaluation study performed by a consulting firm in 1994 (source: MRNF; GM-53768) concluded that the historical resource estimate of the deposit was conservative, since only the first 40 meters of vertical drilling were included in the historical estimated resource calculation of Dyke #5 and the mineralization is still open at depth and on strike. The consulting firm also recommended the realization of a feasibility study on this project.

Everton is currently studying strategic opportunities to add value to this high-grade lithium project.

This news release was prepared under the supervision of Marc L'Heureux, P. Geo. and VP Exploration of Everton, who acts as Everton's Qualified Person as defined by NI 43-101.

In Other News

Following the acquisition of Hays Lake Gold Inc. ("HLG"), a private mining exploration company (see Everton's press release dated September 17, 2009), Everton would like to announce the nomination of Mr. Alexander Stewart to its Board of Directors. Mr. Stewart is the Chief Executive Officer of HLG.

Everton is well funded and actively exploring in the Dominican Republic adjacent to the US$2.7 billion Pueblo Viejo project, currently being developed by the world's largest gold mining company, Barrick Gold Corporation (60%) (NYSE/TSX: ABX) in partnership with Goldcorp (40%) ("Goldcorp") (NYSE: GG, TSX: G). Pueblo Viejo is estimated to contain 22.4 million ounces of gold, 455 million pounds of copper and 131.3 million ounces of silver. Everton is also exploring in the Opinaca region of James Bay, Quebec where the Company has amassed one of the largest land claims adjacent to Goldcorp Inc.'s Eleonore gold deposit, which currently hosts an estimated mineral resource of 5.3 million ounces of gold. Everton also recently acquired Hays Lake Gold Inc., a company that has various options to acquire a consolidated land package located in the Shoal Lake area, near Kenora, Ontario. The 38 km2 Shoal Lake Project is comprised of two significant high grade gold deposits, Dupont and Cedar Island.

This news release contains certain forward-looking statements that involve risks and uncertainties, such as statements of Everton's plans, objectives, strategies, expectations and intentions. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to Everton, or its management, are intended to identify such forward-looking statements. Many factors could cause Everton's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. The forward-looking statements included in this press release represent Everton's views as of the date of the release. While Everton anticipates that subsequent events and developments may cause its views to change, it specifically disclaims any obligation to update these forward-looking statements. All subsequent written and oral forward-looking statements attributable to Everton or persons acting on its behalf are expressly qualified in their entirety by this notice.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.