Announcement • Jun 22
Evergold Corp. Announces Appointment of Jim Gray to Board of Directors, Effective June 22, 2026 Evergold Corp. announced that, effective June 22, 2026, Jim Gray joined the board of directors. Mr. Gray is a Chartered Professional Accountant with nearly 30 years of experience in accounting, taxation, corporate finance, and public company governance. Jim joined DeVisser Gray LLP in 1997 and has served as a partner since 2001. His practice includes extensive work with public companies, particularly junior public companies in Canada and the U.S., with a focus on the junior mining sector. He has significant experience as a director and officer of publicly listed mining and exploration companies, including nearly 20 years as Chief Financial Officer and Director of Arcus Development Group Inc. He currently serves as a Director of Cascadia Minerals Ltd. and previously served as a Director of ATAC Resources Ltd. Mr. Gray served as Treasurer of the Association for Mineral Exploration in British Columbia (AME) for 15 years and was awarded the AME Gold Pan Award in 2009 in recognition of his service to the industry. New Risk • May 05
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$194k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Negative equity (-CA$194k). Shareholders have been substantially diluted in the past year (90% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.4m market cap, or US$9.88m). New Risk • Apr 08
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 89% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Shareholders have been substantially diluted in the past year (89% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$11.5m market cap, or US$8.33m). 
