Evergold Announces Closing of $350,000 Convertible Debenture Private Placement with CJ “Charlie” Greig; Drilling at DEM is Underway

Core Points - Evergold Corp. has closed a non-brokered private placement of an unsecured convertible debenture for gross proceeds of $350,000 [1] - The convertible debenture has an interest rate of 7.5% per annum and matures on November 6, 2027 [1] - The principal amount can be converted into up to 1,521,739 common shares at a conversion price of $0.23 per share [1] - Investors will receive 3,000 detachable common share purchase warrants for each $1,000 of principal, totaling 1,050,000 warrants [1] - C.J. Greig Holdings Ltd., a related party, acquired the entire $350,000 principal amount of the convertible debenture [3] - The issuance of securities is exempt from formal valuation and minority shareholder approval requirements under MI 61-101 [3] - Evergold Corp. is a mineral exploration company with a successful track record, including the establishment of GT Gold Corp. and a significant discovery sold to Newmont for $456 million [4] Drilling Update - Drilling has commenced on a core hole below promising intersections of precious and critical metals at the DEM Mountain Zone [2] - The drilling is expected to take one week to ten days [2]