Evergold Intersects 41.0 Metres of 1.10 g/t AuEq and 31.9 Metres of 1.43 g/t AuEq on New Northern Fence, Extending Mineralization North at Golden Lion

Evergold Corp. (EVER) has reported results from two new holes, GL26-032 and GL26-033, collared approximately 80 meters north-northwest of the 2021 drilling at the GL1 Zone of the Golden Lion project in Toodoggone, British Columbia. The company stated that the new data extends mineralization to the northwest. These results bring the total number of reported holes from the 2026 program to eight out of sixteen planned.

• GL26-033 (near-vertical, -89°): 31.90 m @ 1.32 g/t Au, 7.8 g/t Ag, 1.43 g/t AuEq from 146.90 m; incl. 10.55 m @ 2.41 g/t Au, 22.0 g/t Ag, 2.73 g/t AuEq; plus 4.80 m @ 0.52 g/t Au, 191.0 g/t Ag, 3.34 g/t AuEq (individual samples 980.7 and 839.1 g/t Ag); plus 2.50 m @ 1.26 g/t Au, 1.31 g/t AuEq.
• GL26-032 (-77°): 41.00 m @ 1.06 g/t Au, 2.4 g/t Ag, 1.10 g/t AuEq from 118.00 m; incl. 6.85 m @ 2.65 g/t Au, 10.6 g/t Ag, 2.81 g/t AuEq; incl. 3.00 m @ 1.72 g/t Au, 1.73 g/t AuEq; plus 3.20 m @ 0.47 g/t Au, 0.48 g/t AuEq.

The AuEq formula used is Au + (Ag × 0.01474), based on metal prices of US$3,315/oz for gold and US$51.53/oz for silver, applying a 25% discount to the trailing average. Recoveries of 93.2% for gold and 88.4% for silver were borrowed from Thesis Gold's Ranch PFS, as no Golden Lion metallurgical testwork has been conducted. The calculation assumes a cutoff of 0.30 g/t Au with up to 5 meters of internal dilution. The estimated true width is between 65% and 95% of the core length.

Evergold Corp. (EVER), an explorer with a market capitalization of approximately C$4.1 million, reported cash holdings of C$4.54 million as of June 30, 2026, while facing a going-concern flag. The company’s latest drilling results confirm that the GL1 structure continues approximately 80 meters northwest of the 2021 fence line, adding demonstrable strike to the system and revealing coherent silver zoning. This finding provides incremental scale to a system already known to be continuous over approximately 2 kilometers.

The assay results, however, remain consistent with the property’s historical performance, reporting grades of 0.7–1.4 g/t AuEq over widths of 32–66 meters. These figures fall below the gram-metre performance of the 2021 anchor hole. The company still lacks true metallurgy, a defined resource, and comprehensive drilling fencing. On a gold-only gram-metre basis, the current results are not materially superior to the GL26-031 intercept reported recently, which preceded a roughly 50% decline in the stock price.

The most recent comparable result, GL26-031, was published on October 2, 2026, when shares traded at approximately C$0.45. The stock price fell to C$0.23 within a week and dropped to C$0.17 by October 30. The equity currently trades near its 52-week low and roughly at its cash value, indicating that the market has not previously priced in drilling success. This release represents an incremental step-out into a geological trend that has not recently rewarded GL1 drilling, rather than a transformative event or a miss against an embedded valuation benchmark.

Evergold Corp. (TSXV: EVER) is a pre-revenue junior exploration company focused on its 100%-owned Golden Lion gold-silver (copper) project in the Toodoggone district of northern British Columbia. The property spans more than 12,500 hectares, located approximately 9 km north of Thesis Gold's Ranch property. The company flagged going-concern uncertainty in its Q2-2026 MD&A.

The Golden Lion (GL1) deposit is an intermediate-sulphidation epithermal gold-silver system situated along a reactivated structure off the Claw Mountain fault. Historical drilling by Newmont between 1982 and 1984, followed by Evergold’s programs from 2019 to 2021 and a 2026 reactivation, has explored the system to depths of approximately 250 meters. The current 2026 exploration program consists of 16 holes totaling 3,988 meters across three fences. To the north, the Copper King claims and a district-scale copper-in-stream-sediment anomaly present a separate early-stage porphyry/copper target.

Management includes CEO Alex Walcott, P.Geo., and Executive Chairman and Qualified Person Charlie Greig, P.Geo. As of Q2-2026, the company’s balance sheet reported cash of approximately C$4.54 million and working capital of approximately C$4.45 million. A convertible debenture valued at C$0.35 million is held by the Executive Chairman. The company’s current market capitalization is approximately C$4.1 million.