Evergold Announces Closing of $5.4 Million Non-Brokered Private Placement

• On April 6 2026 Evergold closed a non‑brokered private placement raising $5.41 million gross proceeds.
• The offering consisted of:
• 6,612,758 HD Units @ $0.55 → $3,637,016.90 (each unit = 1 common share + 0.5 warrant exercisable at $0.80 for 24 months)
• 2,722,047 flow‑through shares @ $0.65 → $1,769,330.55 (each FT share = 1 common share qualifying as a Canadian exploration expense)
• Proceeds are earmarked for:
• FT shares – Canadian exploration on the Golden Lion Project (to be renounced for FY 2026 and incurred by Dec 31 2027)
• HD units – exploration activities at Evergold’s properties and general working capital
• Related‑party purchases were disclosed and approved under MI 61‑101:
• Director Brian Butterworth: 60,000 HD Units
• CEO Alexander Walcott: 61,540 FT Shares
• Executive Chairman Charles Greig: 77,000 FT Shares
• Finder compensation: 378,234 warrants (exercise $0.80, 2‑year term) plus cash fees of $217,460.
• All securities are subject to a four‑month‑plus‑one‑day hold period; closing remains subject to TSX Venture Exchange approval.

• The financing was first announced March 10 (up to $5 M) and upsized March 16 to up to $6 M, with an expected closing around April 1 2026.
• Actual closure on April 6 aligns closely with the previously disclosed timeline and size; no surprise or material deviation from expectations.
• Therefore the news confirms a routine positive development: it delivers the anticipated liquidity without altering the fundamental outlook.

Evergold Corp. is a junior mineral exploration company focused on advancing its Golden Lion gold‑silver project in the Toodoggone district of northern British Columbia. The company also holds the DEM prospect (gold‑antimony) and has optioned additional copper‑king claims on the Golden Lion property. Management emphasizes a sharpened focus on the 100 % owned Golden Lion asset following a series of corporate restructurings and share consolidations in late 2025.