Everton Terminates Agreement for the Sale of Shoal Lake Gold Properties to Kaskattama Inc.

Everton Resources Inc. ("Everton" or the "Company") (TSX
VENTURE:EVR)(FRANKFURT:ERV)(OTCQX:EVRRF), announces that the share purchase
agreement dated February 22, 2011, as amended, with Kaskattama Inc.
("Kaskattama") has been terminated. Under the terms of agreement, Kaskattama was
granted the right to acquire the Shoal Lake properties for the price of CAD$2
million and 14 million shares (See Everton's press release dated September 29,
2010 for more information on the transaction with Kaskattama).


About Everton Resources Inc. 

Everton Resources and Brigus Gold Inc., Everton's exploration partner in the
Dominican Republic, have reached an agreement whereby Everton will acquire 100%
ownership of Brigus' remaining interest in the Ampliacion Pueblo Viejo II
("APV"), Ponton and La Cueva concessions in the Dominican Republic. Everton is
actively exploring adjacent to the US$3.8 billion Pueblo Viejo project,
currently being developed by the world's largest gold mining company, Barrick
Gold Corporation (60%) in partnership with Goldcorp Inc. (40%) ("Goldcorp")
(NYSE:GG)(TSX:G). Planned divestiture of its 100%-owned subsidiary Hays Lake
Gold containing the Shoal Lake Gold Project in Kenora, Ontario is expected to
provide internal funding to advance the Ampliacion Pueblo Viejo project. Everton
also holds an interest in the Opinaca region of James Bay, Quebec where the
Company has partnered with Aurizon Mines Ltd. who is advancing Everton's
interest by funding 100% of all exploration work on one of the largest land
packages adjacent to Goldcorp's Eleonore gold deposit. 


For further information on Everton Resources Inc. please visit
www.evertonresources.com.