Overview

Everton Resources holds an impressive land position with over 1,106 km² in Quebec and is the second largest landholder around the Eleonore gold discovery in the Opinaca region which was acquired by Goldcorp for approximately $500 million.

In November 2007, 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. NQ Exploration completed its IPO on April 30th, 2008. 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.

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