new
June 14, 2012
TSX Symbol: ELT
Electra Gold Options Hot Spring (B.C.) Property From Everton Resources
Electra Gold Ltd. (TSX.V:ELT) (“Electra” or the “Company”) is pleased to announce that it has optioned
the “Hot Spring Property” comprising 6 mineral claims situated in the North Harrison (Sloquet Creek) Area
of British Columbia from Everton Resources Inc. ("Everton") (TSX.V:EVR; OTCQX:EVRRF; FSE:ERV) in an
arms-length transaction.
“We are pleased with this opportunity for Electra to acquire the Hot Spring Property” announced Jo
Shearer, President of Electra. “The Electra team knows the North Harrison area intimately and we have
the skills, experience and resources to conduct a comprehensive exploration program on the property.
We are looking for exciting results from this property!”
Historic drill results by Noranda and Mount Hope Resources (prior to 43-101 standards) indicate an
extensive disseminated precious metal mineralized zone between 20 and 120 metres thick grading
significant values of gold and silver with accessory copper, zinc and lead. The Company’s independent
geological team suggest that the historic results, while completed prior to the implementation of NI 43-
101 standards, are indicative of the overall potential of the property.
A more technical news release will be forthcoming in the next few days. The exploration model is
volcanic in nature.
The option agreement, which is conditional upon the approval of the TSX Venture Exchange, grants
Electra the right to explore and acquire the Hot Spring Property subject to Electra’s issuing common
shares, making cash payments and incurring expenditures on the property as follows:
Date Common Shares Cash Payments Expenditures
On Acceptance of the TSX-V 2,000,000 $25,000 $100,000 in the first year
1
st
Anniversary 2,000,000 $25,000 (additional) $200,000 in year two
2
nd
Anniversary 2,000,000 $50,000 (additional) $200,000 in year three
3
rd
Anniversary 2,000,000 $100,000 (additional)
4
th
Anniversary 2,000,000 $200,000 (additional)
5
th
Anniversary 10,000,000 $500,000 (additional)
On completion of feasibility
study
$1,000,000 payment
Total: 20,000,000 $1,900,000 $500,000
Everton will retain a “net smelter return royalty” of 2%, which Electra may reduce to 1% on the payment of
$1,000,000 to Everton. Unit 5 – 2330 Tyner Street, Port Coquitlam, B.C. V3C 2Z1
Phone: 604-696-1022 Fax: 604-944-6102
E-mail jo@electragoldltd.com
Mr. W. B. Lennan, P.Geo., a qualified person for the purposes of NI 43-101, supervised the preparation of
the technical information in the News Release. Mr. Lennan has worked on the property in the past
supervising the drilling, sample collection and data interpretation.
About Everton Resources Inc.
Everton Resources and Brigus Gold Inc., Everton's exploration partner in the Dominican Republic, have
reached an agreement whereby Everton will acquire 100% ownership of Brigus' remaining interest in the
Ampliación Pueblo Viejo II ("APV"), Ponton and La Cueva concessions in the Dominican Republic. Everton
is actively exploring adjacent to the US$3.8 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 Inc. (40%) ("Goldcorp") (NYSE:GG)(TSX:G). 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.
Andre Audet, Chairman and CEO
Tel: 613-241-2332 Fax: 613-241-8632
About Electra Gold Ltd.
Electra Gold Ltd. was incorporated in 1976 and has since September 2003 been in continuous production
with a cement raw material operation on North Vancouver Island and operated the Aurora Gold Mine in
Nevada in the 1990’s. Electra also has a portfolio of promising gold properties in BC.
Jo Shearer, President
Tel: 604-696-1022 Fax: 604-944-6102
On behalf of the Board of Directors,
J. T. Shearer
President, Director
Forward-Looking Statement
This document may contain or refer to forward-looking information based on current expectations,
including, but not limited to timing of mineral resource estimates, future exploration or project
development programs and the impact on the Company of these events. Forward-looking information is
subject to significant risks and uncertainties, as actual results may differ materially from forecasted
results. Forward-looking information is provided as of the date hereof and we assume no responsibility to
update or revise them to reflect new events or circumstances. For a detailed list of risks and
uncertainties, as it relates to Electra Gold Ltd., please refer to the Company's 2010 Annual Financials filed
with SEDAR on April 24, 2012.Unit 5 – 2330 Tyner Street, Port Coquitlam, B.C. V3C 2Z1
Phone: 604-696-1022 Fax: 604-944-6102
E-mail jo@electragoldltd.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or
accuracy of the contents herein.
For further information, please contact Jo Shearer, President at 604-970-6402 or Mark Tommasi at 604-