08/23/2007
EVERTON RESOURCES CONFIRMS NO EXPOSURE TO ASSET BACKED COMMERCIAL PAPER
Everton Resources Inc. (TSX-V: EVR; Frankfurt: ERV) has confirmed it has no exposure to asset backed commercial paper. Everton is well financed and has working capital of over $10 million.
Everton Resources is well funded and actively exploring in the Opinaca region of James Bay, Quebec where Everton Resources has amassed one of the largest land claims adjacent to Goldcorp’s (NYSE:GG, TSX:G) Eleonore gold deposit where Goldcorp recently announced an initial gold resource of 2.8 million ounces. Everton Resources is also actively exploring in the Dominican Republic adjacent to where the world’s largest gold mining company, Barrick Gold (NYSE/TSX: ABX) is partnering with Goldcorp to develop, at an estimated cost of $2.3 billion, the Pueblo Viejo deposit, that contains 18.1 million ounces of gold, 2.6 billion pounds of zinc, 358 million pounds of copper and 88 million ounces of silver.
For more information, please contact:
The TSX Venture Exchange neither approves nor disapproves of the information contained in this
News Release.
The Company's Shares are listed on the TSX Venture Exchange and trade under
the symbol "EVR"
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