January 19, 2005  
Everton Resources arranges $700,000 financing and retains Investor Relations Consultant

Everton Resources has agreed to sell via non-brokered private placements, subject to regulatory approval, 2 million units at a price of 35 cents per unit for a total of $700,000.

Each unit will consist of one common share and one half of common share purchase warrant.  Each whole share purchase will be exercisable into one common share at a price of 40 cents for a period of two years form closing.  All securities issued will be subject to a four month hold period.

The proceeds of this offering will be used to fund exploration work at Everton’s newly acquired option on four properties in James Bay, Quebec.

Everton has also retained the services of Thalassa Reg. to provide investor relations services.  Under the terms of the agreement Thalassa Reg. will receive a fee of $7,000 per month plus expenses for one year and 300,000 incentive stock options at a price of 37 cents per share and 100,000 stock options at a price of 50 cents for a period of five years.


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. The Company’s Shares are listed on the TSX Venture Exchange and trade under the symbol “EVR”.

For more information, please contact

André Audet- Chairman and CEO - [email protected]
Tel: 613 241-2332  Fax: 613 241 6005

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   EVERTON RESOURCES, 2003. All Rights Reserved.