Everton Resources Inc. Elects New Director
OTTAWA, ONTARIO -- (Marketwire) -- 05/24/11 -- Everton Resources Inc. ('Everton' or 'Company')(TSX VENTURE: EVR)(FRANKFURT: ERV) is pleased to announce that David Massola was elected to the Board of Directors of the Company at the Annual General Meeting of Shareholders held May 20, 2011. Mr. Massola replaces Alexander Stewart, whose mandate expired at the Meeting.
'We are extremely pleased to have someone of David's calibre and reputation joining our board,' said Andre Audet, President of Everton. 'He has held senior positions with world-class producing mining companies, including GlobeStar which has a strong presence in the Dominican Republic. His proven abilities and experience will help guide the Company through an exciting period of rapid growth.'
Mr. Massola has over 25 years of experience in a broad range of financial functions, including mergers and acquisitions, tax, business planning and analysis, treasury, corporate accounting and internal audit.
Mr. Massola was the Senior Vice President Finance and Chief Financial Officer of GlobeStar Mining Corporation between 2006 and 2011. While at GlobeStar, Mr. Massola was active in facilitating Perilya Ltd.'s (ASX: PEM) acquisition and integration of GlobeStar.
Prior to joining GlobeStar, Mr. Massola was Chief Financial Officer of De Beers Canada Inc. ('De Beers') where he was in charge of all the financial aspects of the company's Canadian operations.
Previous to De Beers, Mr. Massola spent 20 years with BHP-Billiton in various positions in Canada, Chile and the United States. He was Vice President of Finance of BHP-Billiton's Ekati Diamond Mine from 1997 through 2001, responsible for the financial aspects of the mine from the construction period through commercial production.
The Board thanks Mr. Stewart for his service and contribution and welcomes Mr. Massola.
In other news, the Company is pleased to announce the granting of options to purchase in the aggregate 550,000 common shares of the Company to Mr. Massola and certain consultants. Each option entitles the holder to purchase one common share of the Company at the price of $0.35 per share.
The options are granted pursuant to the Company's incentive stock option plan and under the plan are available for exercise for a period of five years.
About Everton
Everton is partnered with Brigus Gold on actively exploring in the Dominican Republic adjacent to the US$3 billion Pueblo Viejo project, currently being developed by the world's largest gold mining company, Barrick Gold Corporation (60%) (NYSE: ABX)(TSX: ABX) in partnership with Goldcorp (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.
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.
Contacts:
Andre Audet, Chairman and CEO
andre@evertonresources.com
613-241-2332
613-241-8632 (FAX)
www.evertonresources.com