TORONTO, Ontario — January 5, 2026 — Leads & Copy — Evergold Corp. will reposition to focus on its Golden Lion gold-silver project in British Columbia’s Toodoggone district, according to a press release.
The company (TSX-V: EVER) announced a strategic non-brokered private placement with principals associated with the Ore Group. Officials say the investment marks the beginning of a broader repositioning of Evergold, including a singular strategic focus on the company’s 100%-owned Golden Lion gold-silver project, located in the Toodoggone district of British Columbia. The terms of the financing were provided in the release.
Ore Group will advise Evergold on capital markets strategy, investor engagement, and corporate development as the company enters its next phase of growth.
Stephen Stewart, Ore Group Chairman, said Evergold is a clear value opportunity that has been overlooked by the market. He added that the company was founded and advanced by one of British Columbia’s premier technical teams, including Charlie Greig, Alex Walcott and Kevin Keough, who together had success in exploring the Tatogga property with GT Gold, work which ultimately led to the sale of GT to Newmont in 2021.
Stewart said Golden Lion is a project with a meaningful history, and is better characterized as undercapitalized, rather than under-endowed. He added that the technical evidence suggests that there is significantly more potential at Golden Lion than has been recognized to date, and the project warrants renewed focus, capital, and systematic exploration.
The Golden Lion property hosts a broad, near-surface, gold-silver-rich, base metals-bearing, low- to intermediate-sulfidation epithermal system (the GL1 Main Zone) adjacent to the Takla Fault.
GL1 Main Zone lies 9 kms from road access to Thesis Gold’s Lawyers-Ranch project, for which a pre-feasibility study published in December 1, 2025 returned a 55% internal rate of return.
Prior to Evergold’s involvement, the system had been tested only in a single season of drilling and bulldozer trenching carried out by Newmont Corporation in 1984 (22 holes for 2,474 metres). This established a continuously mineralized low-grade envelope, with hints of higher-grade potential, over a core 400 metres of strike length and, with undrilled gaps, over 1.7 kms of strike length, with mineralization exposed at surface tested only to shallow depths.
Evergold drill-tested GL1 Main for the first time in 2020 (10 holes for 1,622 metres), primarily with the intent of replicating the Newmont results, which was accomplished, while also testing other targets on the property to the north and northeast, as well as peripheral parts of the zone (6 holes for 1,386 metres).
The company’s best gold-silver results came in the final 3 holes (GL21-23/24/25) of a COVID-shortened drill program in 2021 (9 holes for 1,811 metres) when, drilling between previous Newmont intercepts, the company identified the first high-grade domain within the broad system envelope.
Bulk-tonnage style gold-silver mineralization has been demonstrated at GL1 Main Zone in 9 Newmont and 19 Evergold core holes to date. All of these holes collared at surface in mineralization, and all returned broad zones of lower to moderate-grade, near-surface, open-pit style mineralization, including for example, a true width 66.0 metres of 1.36 g/t Au & 11 g/t Ag in hole GL21-24.
High-grade domains occur within the broader system, for example a true width 3.3 metres of 11.30 g/t Au and 12 g/t Ag within the broader intercept cited above in hole GL21-24 and, in undercut GL21-25, an estimated 60% true width 11.3 metres of 5.4 g/t Au and 62 g/t Ag, including one metre of 26.1 g/t Au, 619 g/t Ag, 10.0% Zn, and 3.5% Pb.
The shallow precious metals-rich zones at GL1 Main remain open both along strike and down dip, with soil and outcrop sampling by Evergold returning high gold and silver values along approximately 2.7 kms of strike, well beyond the limits of drilling to date.
The Toodoggone district is a metal-endowed terrane, hosting both advanced and emerging projects and prospects, with good regional infrastructure including road access and airstrips. Golden Lion benefits from this district-scale context while remaining underexplored relative to its peers.
The company recently acquired 100% of four inlier claim groups totaling 173 hectares located within the northern part of the Golden Lion property known as the “Copper King” claims. Historical drilling in 1975 of five shallow holes each returned numerous references in drill logs to copper mineralization. None of the holes were assayed at the time and there has been no follow-up in the years since.
Evergold intends to focus its efforts at Golden Lion by refining the geological and structural model; prioritizing high-confidence drill targets, primarily at the GL1 Main Zone; advancing toward the next phase of drilling, which will be to systematically test to depth and along strike at GL1 Main, and further evaluate the porphyry potential in the vicinity of the recently acquired “Copper King” inlier claims on the northern part of the Golden Lion property.
Additional details regarding exploration plans, including anticipated drill timing and budgets, will be provided in early 2026.
The financing will consist of the sale of up to 1,304,348 units of the company at a price of $0.23 per unit, with each unit comprising one common share of the company and one full common share purchase warrant. Each warrant will be exercisable to acquire one additional common share at an exercise price of $0.30 for a period of two years from the date of issuance.
The company intends to use the proceeds from the financing for exploration activities on the company’s properties and general corporate and working capital purposes.
Charles J. Greig, the company’s Chief Exploration Officer, reviewed and approved the technical information in this release.
Kevin M. Keough, President and CEO, can be reached at (613) 622-1916 or kevin.keough@evergoldcorp.ca
Source: Evergold Corp.
