Mr. Alex Walcott reports

EVERGOLD MOBILIZES DRILL TO GOLDEN LION AND COMPLETES MOBILEMT AIRBORNE GEOPHYSICAL SURVEY, TOODOGGONE DISTRICT, NORTHERN BC

Evergold Corp.'s movement to its 100-per-cent-owned Golden Lion property, located in the Toodoggone district of north-central British Columbia, is complete and that diamond drilling is now under way at the GL1 Main zone.

Highlights:

• Drill rig, camp and crews fully mobilized to Golden Lion property; drilling now under way.
• Drilling focused on Golden Lion Main zone (GL1), where final 2021 holes returned best-ever intercepts -- GL21-024 66 metres of 1.36 grams per tonne gold and 11 g/t silver and GL21-025 11.3 m of 5.4 g/t gold and 62 g/t silver (see news dated Nov. 16, 2021).
• Property-scale MobileMT airborne electromagnetic survey completed, totalling 264 line kilometres.
• MobileMT data processing and inversion under way; results to help guide follow-up geochemical, geological and ground geophysical surveys to begin shortly.
• President and chief executive officer Alex Walcott will participate in a live webinar hosted by the Ore Group on Tuesday, July 14, 2026.

The company is also pleased to report the completion of a property-scale MobileMT airborne geophysical survey, flown by Expert Geophysics Ltd., covering the full extent of the property including the recently acquired Copper King inlier claims.

Drilling under way at GL1

The planned program of approximately 4,000 metres in 12 holes is the first drilling at Golden Lion since 2021, when the final three holes of that campaign returned the best intercepts ever drilled on the property, including 66 m of 1.36 g/t gold and 11 g/t silver in hole GL21-024 and 11.3 m of 5.4 g/t gold and 62 g/t silver in hole GL21-025 (see news dated Nov. 16, 2021).

Drilling will test the GL1 structure beneath peak gold-silver soil geochemical values along a two-kilometre west-northwest trend, targeting depth extensions of the known mineralization, which has to date been drilled to only 250 metres below surface. The program is being executed under the direction of project manager Taylor Quinn, MSc.

MobileMT airborne survey completed

The MobileMT survey comprised 264 line kilometres flown at 250 m line spacing and completes modern geophysical coverage of the property.

MobileMT is a passive, natural-field airborne electromagnetic method that measures ground conductivity across a broad bandwidth, making it well suited to mapping the conductive alteration and sulphide signatures associated with buried porphyry copper-gold systems.

Survey coverage was focused in particular on the northern portion of the property, host to the Copper King target -- a large, coherent copper-gold stream sediment geochemical anomaly corroborated by provincial regional geochemical survey sampling with results in the 90th to 99th percentile for copper in the extensive B.C. database. Limited historical drilling from the 1970s also encountered copper mineralization in a number of ridgetop holes.

Data processing and inversion of the geophysical data is under way, with final products expected next week. The results will be integrated with geological mapping, prospecting, and soil and stream sediment sampling about to commence, with priority targets to be the focus for follow-up ground geophysical surveys (IP/AMT, 12 to 15 line km).

Upcoming live webinar and Q&A (question and answer)

President and CEO Alex Walcott will participate in a live webinar and question-and-answer session hosted by the Ore Group on Tuesday, July 14, 2026, at 1 p.m. ET.

The webinar will provide shareholders and prospective investors with an opportunity to hear directly from management and submit questions regarding the company's exploration strategy and continuing activities. Questions may also be submitted in advance by e-mail to info@oregroup.ca.

Golden Lion property overview

The Golden Lion property, with the recently-acquired Copper King inlying claims, now includes more than 12,500 hectares of mineral tenures. The Golden Lion claim block lies approximately nine km north of Thesis Gold's road-accessible Ranch property and 40 km north of the Sturdee River airstrip. Although undocumented exploration dates as far back as the 1930s in this part of the Toodoggone, little systematic exploration was undertaken on the property until Newmont's work between 1982 and 1984 culminated in 2,475 m of diamond drilling.

There was a further hiatus in systematic exploration Evergold's work between 2019 and 2021, which culminated with 4,825 m of drilling. Almost all of the drilling on the property was focused on the Golden Lion Main zone (GL1), where the Claw Mountain fault, likely a reactivated syn-mineral feature, hosts intermediate sulphidation epithermal mineralization. The GL1 zone is characterized by the presence of high-grade gold-silver intercepts hosted within a broad halo of lower-grade gold-silver values. The structure, although poorly exposed, can be tracked across at least two kilometres at GL1 by anomalous gold-silver soil geochemistry and coincident lower resistivity, imaged by ground DC/IP surveys.

QP (qualified person) statement

The technical information contained in this news release has been reviewed and approved by C.J. "Charlie" Greig, PGeo, a qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

About Evergold Corp.

Evergold is focused on advancing the Golden Lion project, its 100-per-cent-owned, gold-silver (copper) project in Northern British Columbia's prolific Toodoggone mining district. At the southern end of the Golden Lion project, at the GL1 Main zone, previous drilling by the company, along with historical work, has outlined a near-surface, intermediate sulphidation epithermal-style gold- and silver-bearing system with excellent potential for expansion along trend and down dip. The property was last explored by the company in 2021, when the final three holes yielded some of the most significant gold-silver intercepts ever drilled on the property (see news dated Jan. 17, 2022). To the north of the GL1 Main zone, the property also has copper potential that is clearly evident in historical data, and which has been realized recently elsewhere in the district.

We seek Safe Harbor.