Adventure Gold Inc
		Symbol			AGE
		Shares Issued			30,731,143
		Close 2009-05-21			C$ 0.09
		Recent Sedar Documents

It seems there is a beginning of a relationship between Adventure Gold and Everton Resources developing. Adventure has been turning up gold intersections lately around the Beaufor Mine property. McEwen has about a $4 million investment in Everton. Both Everton and Adventure Gold own other Quebec properties.

With Richmont and Louvem more than doubling their drilling efforts at Beaufor over 2008, it may have got the attention of McEwen. If this is true, McEwen has proven that he has an exceptional nose for gold.

Adventure Gold to share costs with Everton

2009-05-22 17:02 ET - News Release

Mr. Marco Gagnon reports

ADVENTURE GOLD ANNOUNCES THE SIGNATURE OF A COST SHARING AGREEMENT WITH EVERTON RESOURCES

Adventure Gold Inc. has signed a cost-sharing agreement with Everton Resources Inc., which include the sharing of the administrative and management costs related to their day-to-day operations. The terms of the agreement were approved by the boards of directors of both companies and are subject to the approval of the TSX Venture Exchange. The material terms of the agreement, which has an effective date of Jan. 1, 2009, are as follow:

(i) Everton and the company have agreed to share the costs of (a) their offices in Ottawa and Sorel-Tracy such as rent and office equipment, (b) employees of Everton who also provide similar services to the company, and (c) the annual compensation of the chief financial officer of Everton, who is also the chief financial officer of Everton.

(ii) Everton will provide the company with quarterly statements of its share of the costs.

(iii) Upon receipt of such statements, the company will have the option, at its sole discretion, to pay the administrative and management costs included in such statements in common shares of the company in lieu of cash, by giving Everton a written notice to that effect within 30 days of the receipt of the statement, at a price equal to the greater of 11 cents per share or the discounted market price (as defined in the policies of the exchange) on the last day of the quarter covered by the statement.

(iv) As for the payment of insider management costs included in each statement, the company will also have the option, at its sole discretion, to pay for such costs in common shares on the same terms and conditions as disclosed above, except that (a) the company will need to obtain disinterested shareholder approval for such payment which shall be obtained no later than Dec. 31, 2009, (b) the payment of such insider management costs will occur on or after Dec. 31, 2009 (should the company not elect to pay for such costs in common shares), and (c) the price per share shall be equal to the greater of 11 cents per share or the discounted market price on Dec. 31, 2009.

All securities which may be issued to Everton pursuant to this agreement will be subject to a four-month holding period.