Evergold Announces $300,000 Ore Group Financing, Sharpened Focus on Golden Lion Project, Toodoggone District, Northern BC

The news release dated January 5, 2026, announces a strategic $300,000 private placement from the Ore Group at $0.23 per unit. Each unit includes a common share and a two-year warrant exercisable at $0.30. Accompanying the financing is a strategic pivot; the company is refocusing exploration efforts on its 100%-owned Golden Lion project in the Toodoggone District of British Columbia. Ore Group Chairman Stephen Stewart joins the narrative, characterizing Evergold as an "undercapitalized" value opportunity rather than a project lacking geological merit.

The impact is Material - Positive primarily because it solves an immediate existential crisis. - Financial Rescue: As of the September 30, 2025, financial statements, Evergold had plummeted to a cash balance of just $9,050 against $80,851 in accounts payable. The company was technically insolvent. This $300,000, combined with the $350,000 convertible debenture from Director Charlie Greig in November 2025, provides the necessary working capital to continue operations. - Strategic Validation: The involvement of the Ore Group provides a technical "seal of approval." Stewart’s team is betting on the Golden Lion project’s 1.7km drilled strike length and 2.7km geochemical anomaly. - Valuation: The financing price of $0.23 is a 15% premium to the last closing price of $0.20. This is a rare and bullish signal for a micro-cap exploration company.

Evergold Corp. is a BC-focused explorer. - Flagship Project: Golden Lion (100% owned). It is located in the Toodoggone region, a tier-one jurisdiction. Historically explored by Newmont, the project has shown high-grade gold-silver-zinc-lead intercepts (e.g., 5.4 g/t Au and 62 g/t Ag over 11.3m). - Secondary Project: DEM (Option to earn 100%). A polymetallic prospect that recently showed high-grade antimony, but appears to be taking a backseat to Golden Lion in the current strategy.