Evergold Corp. announced completion of initial 3D geological modeling of the GL1 Main Zone, located on the Golden Lion property in the Toodoggone district, north-central British Columbia, Canada. Images from the model are included as Figures 1 through 4 below.

The shape shown in the figures is an outer bounding surface that broadly outlines the current drilled extent of mineralization defining the GL1 Main zone along approximately 400 metres, as located within a larger, roughly 2.7 kilometre-long trend of surface geochemical anomalies (Figure 1). It includes all significant mineralized intersections drilled to date in 19 Evergold core holes totalling 3,458 metres and 9 historical Newmont core holes totalling 1,224 metres, and in places includes internal zones of negligible grade. The shapes are not to be confused with grade shells or mineral resource estimations; the Golden Lion property does not currently host any NI 43-101 compliant resources.

The model highlights in red the location of the first high-grade domain drilled on the property, intersected by the Company in the final 3 holes of the 2021 program. This high-grade domain, which comes to surface and returned the grades of precious and base metals yet seen in drilling at Golden Lion, will be the focus of follow-up drilling in the 2022 field season. Drilling in this domain returned (news, November 16, 2021) multiple high-grade polymetallic intercepts within broad envelopes of bulk-tonnage style mineralization, including, for example, 2.81 metres of 10.35 g/t Au, 651.3 g/t Ag, 10.9% zinc and 3.7% lead within 11.3 metres of 5.4 g/t Au, 62 g/t Ag, 3.2% Zn, 1.3% Pb and 40.3 metres of 1.99 g/t Au, 23.7 g/t Ag, 1.2% Zn, 0.5% Pb in hole GL-21-025.

Program highs for individual core samples, each 0.5-0.6 metres in length, achieved 44.70 g/t Au, 924.0 g/t Ag, 20.2% Zn and 10.0% Pb. Zone strike is NNW-SSE and dip is approximately 75 degrees ENE Average zone true width exceeds 100 metres Mineralization is open along strike to the northwest and southeast, and to depth down-dip to the northeast Alteration and grades appear to increase down-dip on all 3 sections drilled by the Company in 2021 Previous operators erred historically by not executing undercuts to any of their shallow angle holes High grades can and do come to surface, as confirmed by 2021 drill section GL21-23/24/25 Drill density must be increased in both the lateral and vertical dimensions to find and delineate the high-grade domains; drilling must push out both to depth and along strike Geochemical anomalism (Au-Ag-Zn-Pb-Cu) extends along some 2.7 kms of strike to the northwest and southeast from GL1 Main, suggesting strong zone expansion /exploration potential Ag-Au zonation is visible in drill assays and surface sampling results.