Evergold's Bold Reset: New Leadership Targets Golden Lion's Riches

TORONTO, ON – January 19, 2026 – Junior explorer Evergold Corp. has initiated a significant corporate overhaul, announcing a complete reset of its management team and board of directors. The move installs new leadership and sharpens the company's strategic focus exclusively on its promising Golden Lion gold-silver project in British Columbia.

Effective immediately, seasoned geologist and current director Alex Walcott, P.Geo., has been appointed President and CEO. He is joined by Charles “Charlie” Greig, the company's Chief Exploration Officer since 2023, who now steps into the role of Executive Chairman. The shuffle sees the departure of former President and CEO Kevin Keough and former CFO Tracy Albert.

This leadership change is the culmination of a strategic repositioning that began with a corporate restructuring in 2025. The company now moves forward as a self-described “clean, tightly held vehicle” with approximately 13 million shares outstanding and high insider ownership, a structure designed for efficiency and alignment with shareholder interests.

“I am excited to join Evergold as President and CEO,” said Alex Walcott in a statement. “With high insider ownership and a new leadership team in place, we are now fully focused on advancing the Golden Lion project. This reset positions Evergold to execute efficiently and realize meaningful value creation for shareholders.”

A Proven Team Behind the Pivot

The new leadership team brings a formidable track record of discovery and value creation, most notably their shared history with GT Gold Corp. Both Walcott and Greig were instrumental in GT Gold's success, which saw the discovery of the Saddle South and Saddle North deposits and the company's eventual acquisition by mining giant Newmont in 2021 for $456 million—a landmark deal in the junior exploration sector.

Alex Walcott’s more than 25 years of experience in mineral exploration extends beyond GT Gold. As the manager of geophysical contracting firm Peter E. Walcott & Associates Limited, he has been directly involved in geophysical surveys that were fundamental to major discoveries, including Amarc Resources’ Aurora project and Northwest Copper’s East Niv. His deep technical background and familiarity with the Toodoggone region are seen as critical assets for advancing Golden Lion.

Charlie Greig, now Executive Chairman, praised the appointment. “Alex brings a deep technical background, a long track record of exploration success, and a strong familiarity with our assets and the Toodoggone, which positions him well to lead the Company through its next phase of growth,” Greig commented. “On behalf of the Board, I would also like to sincerely thank Kevin Keough and Tracy Albert for their dedication and contributions to the Company, and we wish them both continued success in their future endeavors.”

Rounding out the new executive team is Leon Ho, CPA, who takes over as Chief Financial Officer. Mr. Ho is a principal at Cross Davis & Company LLP, an accounting firm that specializes in providing services to publicly listed mining companies, bringing essential financial discipline tailored to the exploration industry.

A Laser Focus on the Golden Lion

At the heart of Evergold's reset is a singular commitment to its 100%-owned Golden Lion project, a low- to intermediate-sulfidation epithermal system located in British Columbia’s highly prolific Toodoggone mining district. The region is a hotbed of activity, hosting advanced-stage projects like Benchmark Metals' Lawyers and Thesis Gold's Ranch projects.

The primary target, the GL1 Main Zone, has a history of promising results. Initial shallow drilling by Newmont in 1984 established a broad, low-grade mineralized envelope. While Evergold’s own drilling in 2020 confirmed these findings, it was the 2021 drill program that truly revealed the project's high-grade potential.

Despite being hampered by pandemic-related labor shortages, the final holes of the 2021 season delivered the best intercepts on the property to date. One notable hole returned a high-grade core of 10.35 g/t gold, 651.3 g/t silver, 10.9% zinc, and 3.7% lead over 2.81 metres. This intercept was situated within a broader 11.3-metre interval averaging 5.4 g/t gold. These results strongly suggest that the mineralizing system intensifies at depth, with high-grade domains coming to surface in previously untested areas. With strong soil sampling indicating a potential strike length of several kilometres, the company believes the system has significant scale.

Navigating the Market with a New Blueprint

While the Golden Lion project showed clear technical merit, its advancement was slowed by poor market conditions in 2022. The current strategic overhaul is designed to overcome such hurdles by combining a technically sound project with a robust capital markets strategy.

A key component of this new blueprint is a recently announced strategic partnership with OreGroup, a firm known for successfully financing and developing resource projects. OreGroup, whose principals were involved in the recent success of companies like Metal Energy and American Eagle Gold, will advise Evergold on capital markets, investor engagement, and corporate development. The partnership was solidified with a financial commitment, as OreGroup principals participated in a $300,000 private placement earlier in January.

The market has responded favorably to the series of strategic announcements. Evergold’s stock (TSX-V: EVER) has shown strong positive momentum, with a year-to-date price performance of over 90% as of January 19, signaling investor confidence in the new team and their focused plan for the Golden Lion. By combining a proven technical team, a high-potential asset, and sharp capital markets expertise, Evergold is positioning itself to unlock the value that its leadership believes has been overlooked by the market.