Andre Audet, President and Chief Executive Officer of Everton stated: "This transaction with HLG provides a compelling opportunity for Everton to participate in the development of advanced gold projects in the prospective Archean Greenstone Belt of north-western Ontario. What makes this deal interesting is that HLG has, for the first time, assembled this large land package to make the overall project viable through the use of a common road network, power grid, and milling complex. The Shoal Lake gold project holds two significant high grade gold deposits with in-situ NI 43-101 compliant indicated and inferred mineral resource estimates and 5 former gold producing mines. Everton believes that the Shoal Lake package of properties hosts a significant gold target with excellent potential to increase the estimated gold resources through additional exploration. Everton intends to fast track the development of the Shoal Lake gold project. We look forward to working with the local communities as well as the Ontario government to advance the development of the project and believe that Canada's political stability represents a strategic advantage for the asset."

Transaction Details

Everton has signed share purchase agreements with all of the shareholders of HLG thereby acquiring 100% of HLG's issued and outstanding shares. In total, Everton has acquired 32,432,400 HLG shares (the "HLG Shares") in exchange for 12,000,000 common shares of Everton (the "Everton Shares"), based on an exchange ratio of 0.37 of an Everton Share for 1 HLG Share (the "Exchange Ratio"). Furthermore, the 3,916,725 share purchase warrants of HLG presently outstanding (the "HLG Warrants") have been exchanged for share purchase warrants of Everton (the "Everton Warrants") in accordance with the Exchange Ratio and the exercise price of such warrants has been adjusted accordingly, the whole in compliance with the policies of the TSX Venture Exchange (the "TSXV").

Within a period of three (3) years from the date hereof, should Everton announce the completion of a NI 43-101 compliant report for the combined Shoal Lake Project (property that falls within 100 km of Shoal Lake) that includes a total estimated mineral resource of 2,000,000 ounces of gold having an average grade of no less than 6.0 g/t Au, of which at least 1,000,000 ounces of gold shall be in the indicated mineral resource estimate category or better, Everton will issue to the shareholders of HLG on a pro-rata basis, within a period of five (5) business days following the announcement, additional Everton Shares having a total value of $1.5 million at a price per share equal to the closing price of the Everton's shares on the TSXV on the day prior to the date of such announcement, subject to a maximum of 7,000,000 Everton Shares.

Everton has agreed to pay a finders' fee totalling $112,000 in connection with the transaction, half of which is payable in cash and the other half in common shares of Everton. In total, Everton will issue 329,412 common shares as partial payment of the finders' fee. In compliance with applicable securities legislation, these securities will be subject to a 4 month hold period. Payment of the finders' fee is subject to TSXV approval.

Everton Highlights Following the Transaction

- over $5 million in cash and investments;

- an attractive capital structure with 76 million common shares issued and outstanding;

- two significant high grade gold deposits with significant NI 43-101 compliant mineral resource estimates;

- significant growth potential through exploration on Shoal Lake West and East properties and Everton's advanced gold and base metal exploration projects in the Opinaca region of Quebec and Dominican Republic;

- an updated NI 43-101 report is being prepared on the Shoal Lake East property incorporating an additional 35 deep drill holes for 10,011 meters. Significant drill results were generated during the final 2004 program, ranging up to 22.0 g/t Au over 9.2 m.;

- the portfolio also includes two highly prospective projects: one located 70 km west of the Hemlo Camp where high-grade gold-bearing veins were identified and the other, an option on a large package of properties within the Timmins Mining Camp located adjacent to past producing mines along the Porcupine-Destor Fault;

- Management and board of directors with experience developing and financing mining companies;

- Everton in a strategic position to consolidate the Kenora gold district in N-W Ontario.

Closing of a Private Placement

Everton also announces that, concurrently with the acquisition of HLG, it has closed a private placement offering (the "Offering") of 5,181,332 units at a price of $0.15 each for gross proceeds of $777,200. Each unit consists of one common share in the capital of the Company and one-half of one share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of Everton at a price of $0.25 per warrant share until the earlier of: a) on the 30th calendar day following receipt by the holder of a written notice from the Issuer advising that the trading price of the common shares on the TSXV has been equal to or greater than $0.40 for a period of 10 consecutive trading days commencing on the day following the expiry of the Hold period and b) on the date which is twenty-four (24) months following the closing date. The funds raised pursuant to the Offering will be used to fund the Company's general working capital. Directors and officers of the Company have participated in the private placement for a total amount of $55,500.

In connection with the Offering, Everton has agreed to pay finders' fees of (i) $58,216 in cash and (ii) 72,700 non-transferable warrants, each warrant entitling the holder to purchase one common share of Everton at a price of $0.25 per share. All securities issued in connection with the Offering, including the non-transferable warrants issued as partial payment of the finders' fee, are subject to a four month hold period from the closing of the Offering.

Everton is well funded and actively exploring in the Dominican Republic adjacent to the US$2.7 billion Pueblo Viejo project, currently being developed by the world's largest gold mining company, Barrick Gold Corporation (60%) (NYSE/TSX: ABX) in partnership with Goldcorp (40%) ("Goldcorp") (NYSE: GG, TSX: G). Pueblo Viejo is estimated to contain 22.4 million ounces of gold, 455 million pounds of copper and 131.3 million ounces of silver. Everton is also exploring in the Opinaca region of James Bay, Quebec where the Company has amassed one of the largest land claims adjacent to Goldcorp Inc.'s Eleonore gold deposit, which currently hosts an estimated mineral resource of 5.3 million ounces of gold.

This news release contains certain forward-looking statements that involve risks and uncertainties, such as statements of Everton's plans, objectives, strategies, expectations and intentions. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to Everton, or its management, are intended to identify such forward-looking statements. Many factors could cause Everton's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. The forward-looking statements included in this press release represent Everton's views as of the date of the release. While Everton anticipates that subsequent events and developments may cause its views to change, it specifically disclaims any obligation to update these forward-looking statements. All subsequent written and oral forward-looking statements attributable to Everton or persons acting on its behalf are expressly qualified in their entirety by this notice.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Everton Resources Inc.

Everton Resources Inc.
Andre Audet, President & CEO
613-241-2332
613-241-8632 (FAX)
andre@evertonresources.com
www.evertonresources.com

- APV09-11: 1.5 g/t gold over 1.5 m (36.0 to 37.0 m); 1.2% zinc over 12.4 m (30.6 m - 37.0 m)

- APV09-13: 1.6 g/t gold over 1.0 m (31.0 to 32.0 m); 1.38% copper over 0.4 m (140.80 to 141.20 m; 1.05% zinc over 9.0 m (23.0 m - 32.0 m);

- APV09-15: 1.7 g/t gold over 1.0 m (13.5 to 14.5 m); 0.43% copper over 5.55 m (23.95 m - 29.50 m); 1.43% zinc over 12.0 m (61.0 to 73.0 m), including 6.42% zinc over 1.20 m (70.0 to 71.2 m).

Several short intervals over 1% zinc and 0.4% copper are present in holes APV09-11, -13 and -15. The drill program was designed to target mainly geochemical and geophysical anomalies defined during the surface exploration program conducted between 2007 and 2009. The surface program included an extensive soil and rock geochemical program, an airborne EM and Magnetics geophysical survey and IP and EM ground geophysics. Detailed geological mapping over the entire concession with further detailed work over high priority areas of interest was also accomplished.

The results of this work defined several target zones classified as of high priority for further follow up with further drilling. These zones are denominated Arroyo Hondo, Arroyo Hondo North, Colorado-La Bonita and Miguel de Pena in the southern sector, North Monte Negro and Miniel at the central sector, and a newly defined area designated La Lechoza West in the northern portion of the concession. All of these areas contain anomalies in gold, silver or base metals (copper, zinc) in soils and rocks and several are coincident with geophysical anomalies.

In the south sector, holes APV09-01, -02, -03 and -04 intercepted a complex lithological sequence that includes foliated and brecciated volcanics, porphyritic dacite, carbonaceous black sediments and different facies of crystal tuffs as observed at the Pueblo Viejo Mine. The sulphide mineralization is disseminated and within stockwork zones and appears to be controlled in part by high angle feeder structures cutting through the stratigraphic sequence and the low angle thrust faults.

In the central area, holes APV-05, -06, -06A, -07 and -08 encountered an extensive intrusive body with associated sulphide mineralization in veining. The veins appear to be controlled in high angle faults with a predominant north-south direction. Surface grab samples collected in 2007 yielded values up to 1.0 g/t gold and 90.0 g/t silver. Drilling in late 2007 intersected a massive pyrite-sphalerite zone with values up to 23% zinc.

In the north sector, holes APV09-11, -12, -13, -14 and -15 drilled into massive to disseminated mineralization hosted in strongly silicified vesicular basalts. The mineralization has characteristics suggestive of a volcanogenic massive sulphide-type (VMS) of occurrence, and is also associated with a zone of extensive stockwork veining. This occurrence appears to be associated to a mineral trend with a general WNW-ESE direction connecting the La Lechoza West target with La Lechoza to the east. Anomalous results obtained from drilling suggest that the potential may exist for proximal massive sulphide mineralization associated with VMS-type occurrences and further drill testing is warranted. Surface grab samples have yielded values up to 3.8 g/t gold in rock and 5.5 g/t gold in soils. Other surface showings are present along this trend which is being subject to detailed mapping and sampling.

The Company and its partner are currently integrating the new results obtained from the first phase of drilling with the existing dataset. A proposal for a second phase of drilling should be completed by the end of October prior to the drilling program in November.

This news release was prepared under the supervision of Marc L'Heureux, P. Geo. and VP Exploration of Everton, who acts as Everton's Qualified Person as defined by National Instrument 43-101.

In Other News:

Closing of a Private Placement

Everton is also pleased to announce the closing of a private placement on October 6th, 2009 with SODEMEX II s.e.c. for gross proceeds of $100,000. Everton issued 666,666 units (the "Units") at a price of $0.15 per Unit, with each Unit consisting of one (1) common share and one-half of one common share purchase warrant, each full warrant entitling the holder to purchase one (1) common share at a price of $0.25 for a period of two (2) years following the closing date.

However, if, at any time commencing four (4) months after the closing date, the weighted average trading price of the common shares of Everton, is or exceeds $0.40 for a period of 10 trading days, Everton may accelerate the expiry date by giving prior notice to the holders of warrants. In such event, the warrants, if unexercised, will expire on the 30th calendar day following the date on which such notice will be deemed to have been received by such holders.

The Units are subject to a hold period which will expire on February 7th, 2010.

Correction to Press Release of September 17, 2009

In reference to the press release of September 17, 2009, and under "Closing of a Private Placement", the number of non-transferable warrants should have been 481,133 instead of 72,770.

About Everton Resources Inc.

Everton is well funded and actively exploring in the Dominican Republic adjacent to the US$2.7 billion Pueblo Viejo project, currently being developed by the world's largest gold mining company, Barrick Gold Corporation (60%) (NYSE/TSX: ABX) in partnership with Goldcorp (40%) ("Goldcorp") (NYSE: GG, TSX: G). Pueblo Viejo is estimated to contain 22.4 million ounces of gold, 455 million pounds of copper and 131.3 million ounces of silver. Everton is also exploring in the Opinaca region of James Bay, Quebec where the Company has amassed one of the largest land claims adjacent to Goldcorp Inc.'s Eleonore gold deposit, which currently hosts an estimated mineral resource of 5.3 million ounces of gold. Everton also recently acquired Hays Lake Gold Inc., a company that has various options to acquire a consolidated land package located in the Shoal Lake area, near Kenora, Ontario. The 38 km2 Shoal Lake Project is comprised of two significant high grade gold deposits, Duport and Cedar Island.

This news release contains certain forward-looking statements that involve risks and uncertainties, such as statements of Everton's plans, objectives, strategies, expectations and intentions. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to Everton, or its management, are intended to identify such forward-looking statements. Many factors could cause Everton's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. The forward-looking statements included in this press release represent Everton's views as of the date of the release. While Everton anticipates that subsequent events and developments may cause its views to change, it specifically disclaims any obligation to update these forward-looking statements. All subsequent written and oral forward-looking statements attributable to Everton or persons acting on its behalf are expressly qualified in their entirety by this notice.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Everton Resources Inc.

Everton Resources Inc.
Andre Audet
President & CEO
613-241-2332
613-241-8632 (FAX)
andre@evertonresources.com
www.evertonresources.com