Evergold Announces Proposed Share Consolidation

Core Viewpoint - Evergold Corp. plans to consolidate its outstanding common shares at a ratio of ten pre-consolidation shares for one post-consolidation share, in connection with acquiring the Copper King inlier claims related to its Golden Lion property in British Columbia [1][3]. Share Consolidation Details - The company currently has 120,075,696 pre-consolidation shares, which will reduce to approximately 12,007,569 post-consolidation shares after the consolidation [2]. - No fractional shares will be issued; any fractional shares will be rounded down to the nearest whole number without cash compensation [2]. - The consolidation is expected to take effect on October 17, 2025, with a record date of October 16, 2025, pending necessary regulatory approvals [3]. Shareholder Instructions - Registered shareholders will receive a letter of transmittal with instructions for exchanging pre-consolidation share certificates for post-consolidation shares [4]. - Shareholders holding shares in brokerage accounts or in book-entry form do not need to take any action [4]. - Outstanding securities convertible into common shares will also be adjusted according to the consolidation ratio [4]. Company Background - Evergold Corp. is a mineral exploration company listed on TSX-V, with projects in British Columbia and Nevada [5]. - The company has a successful track record in the junior exploration sector, including the establishment of GT Gold Corp. and the discovery of significant mineral deposits sold to Newmont for a fully diluted value of $456 million, representing a 1,136% return on exploration expenditures of $36.9 million [5].