Quebec

Overview

Everton Resources holds an impressive land position with over 699 km² in Quebec and is one of the largest landholders around the Eleonore gold discovery in the Opinaca region which was acquired by Goldcorp for approximately $500 million.

In May 2008, Everton announced the sale of 18 of its non-Opinaca properties to a new entity, NQ Exploration Inc., which will control an impressive property portfolio in the James Bay area of Quebec. This sale will enable Everton to focus all of its resources in the Opinaca Reservoir Area adjacent to Goldcorp's Eleonore gold deposit. Furthermore, it allows Everton shareholders to participate in the growth of the new vehicle and converts these assets at approximately three times Everton's acquisition and exploration costs.