Evergold Corp. reported that its maiden drill program on the Company's 100% owned Holy Cross gold-silver property, located in central B.C., has successfully wrapped up, on time and under budget, for a total of 1,556 metres completed in four holes (Figures 1, 2 and 3, below). Drilling targeted geophysical anomalies coincident with soil geochemical anomalies within the footprint of the very large Holy Cross target area, interpreted to be an intact, felsic intrusive-extrusive flow-dome-related, epithermal gold-silver system, with the higher-grade parts of the system lying at depth (see August 4 news release Figure 1).

Significant intervals of sulphide-mineralized rhyolite breccia and quartz stockwork veining accompanied by elevated to (locally) strongly elevated values of precious metal pathfinder elements as determined in the field by x-ray fluorescence (XRF), were observed in hole HX22DH02 and particularly in the final hole of the program, HX22DH04, located approximately 600 metres to the west of hole HX22DH02. Assay results will be released when received and evaluated, currently anticipated for the first quarter of 2023.