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Everton Amends Stock Option Plan and Retains Investor Relations Advisors

^{Published on 2009-11-20 13:48:46 - Market Wire}
 

OTTAWA, ONTARIO--(Marketwire - Nov. 20, 2009) - Everton Resources Inc. (TSX VENTURE:EVR)(FRANKFURT:ERV) ("Everton" or the "Company") announces that the Board of Directors has approved an amendment to the Company's Stock Option Plan. Pursuant to the policies of the TSX Venture Exchange, the maximum number of shares reserved for issuance under the Stock Option Plan will be increased to 7,712,893 common shares, being 10% of the Company's issued and outstanding shares. Concurrently with the increase, the Company has granted options to purchase up to 1,230,000 common shares of the Company to Directors, Officers, Consultants, and Employees. Each option entitles the holder to purchase one common share of the Company at a price of $0.22 per share for a period of five years. The increase and grant of options are subject to the approval of the TSX Venture Exchange (the "Exchange") and none of the options granted may be exercised until such approval is obtained.

Investor Relations Advisors

In other news, the Company is pleased to announce that it has retained First Canadian Capital Corp. ("First Canadian") as a consultant to provide strategic marketing and corporate communications advice. Under the terms of the agreement, Everton will pay First Canadian C$5,000 per month for a twelve month initial term and grant 300,000 stock options at an exercise price of C$0.22. First Canadian will assist Everton Resources in opening productive and continuing dialogue with private investors, analysts, brokers, money managers and other financial professionals.

First Canadian will generate awareness among the investment community as Everton advances exploration on their properties in the Dominican Republic, in Ontario and in Quebec. "The Company provides investors with an exceptional portfolio of active projects in three separate and distinct emerging gold and base metals districts", says Jason Monaco, Partner at First Canadian Capital Corp.

Andre Audet, Chief Executive Officer of Everton stated, "We are pleased to have First Canadian as our partner in an Investor Relations capacity. First Canadian has a proven track record and recent success and a wealth of experience and contacts from within our sector. We look forward to their involvement at this important stage of our corporate growth and development."

Based in Toronto and in business for over a decade, First Canadian Capital Corp. ([ www.firstcanadiancapital.com ]) has assisted numerous North American corporations in gaining exposure and recognition within the global investment community.

For European markets, Everton has retained General Research GmbH, an Investor Relations consulting firm in Munich, Germany. Under the terms of the agreement, Everton will pay C$5,000 per month for a twelve month term and grant 300,000 stock options at an exercise price of C$0.22 for a period of one year. The options are vested over 12 months according to Exchange policies.

Everton recently acquired Hays Lake Gold Inc., a private company with various options to acquire a 38 km2 consolidated land package located in the Shoal Lake area, near Kenora, Ontario. The Shoal Lake Gold Project is comprised of two significant high grade gold deposits: Duport and Cedar Island. Everton is 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. The Company 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's Eleonore gold deposit, which currently hosts an estimated mineral resource of 5.3 million ounces of gold.

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.