Everett Announces Work Commitment  Deadline with
Pro-Or Extended on the Menarik Property, Quebec

VANCOUVER, BRITISH COLUMBIA - (August 09, 2011 - TSX-V: EAR) Everett Resources Ltd. (“Everett”) is pleased to announce that Resources Minières Pro-Or Inc. ("Pro-Or"; TSX-V: POI) has agreed to a revision of the option agreement made between Pro-Or and Everett with respect to the Menarick Property (the "Property"). The revision allows until October 15, 2011 for the extension of the August 19th, 2011 deadline to complete the $1,000,000 in expenditures required pursuant to the option agreement.

President Mike Waggett comments, "We have a drill contractor in place and the drill targets are selected. We look forward to getting the next program started and evaluating the VTEM targets interpreted from the March survey.”

A panoramic view of the Menarik polymetallic property, which outlines the main areas of mineralization as well as additional defined areas of mineralization, can be seen on the Everett Website at the following link: http://bit.ly/MenarikMap

Please click http://bit.ly/VtemMay2011 to view the Menarik VTEM map.

Pro-Or has identified five types of mineralization on the Menarik Property.  Mineralization within the Menarik Ultramafic intrusion include stratiform chromite, massive Cu-Ni-PGEsulphides and Cu-Ni sulphides within sheared and altered zones.  In the area around the intrusion, gold showings and copper-zinc mineralization is located within the felsic volcanics.

A 43-101 compliant measured and indicated resource estimate of chromite made for joint venture partner Ressources Minières Pro-Or Inc. in 2006 by the consultant group Roche from Quebec City and updated in 2009 by Yvan Bussières, P.Eng. reports a total exceeding 6.2 million metric tons grading on average 7.69% Cr2O3. The report can be found on SEDAR (www.sedar.com) or Company's website www.everettresources.com

About Everett Resources Ltd.

Everett is a junior resource mineral exploration company with interests in two mineral properties, the Menarik located in Quebec and the San Juan Property located in New Mexico, U.S.A. To find out more about Everett Resources Ltd., visit Everett's website at www.everettresources.com

The Menarik Property, Quebec

As set out in the joint news release issued by Everett and Pro-Or Inc. ("Pro-Or") on September 23, 2010, the Menarik Property is located in northwestern Quebec, approximately 45 kilometers to the south east of the town of Radisson. It comprises a contiguous group of 67 claims, for a total area of 3,062 hectares, fully owned by Pro-Or, free of any royalties. Pro-Or, to date, has incurred expenditures in the order of $6,900,000 on the Property. Based on a compilation report by consultant geologist, Yvan Bussieres, five different types of mineralization have been indentified on the Menarik Property.. A 43-101 compliant estimate of chromite resources made for Pro-Or in 2006 by the consultant group Roche from Quebec City and updated in 2009 by Yvan Bussières, P.Eng. reports a total of measured and indicated resources exceeding 6.2 million metric tons grading on average 7.69% Cr2O3. Gold showings and mineralized felsic volcanics were found on the edges. The chromitite formations are similar to those of the UG2 horizon in the Bushveld complex of South Africa, the gold bearing mineralization associated with ultramafic intrusions are similar to the Cadillac-Larder Lake Archean gold deposits and the mineralized felsic volcanics are similar to Noranda's Horne Mine.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

For more information, please contact:

Everett Resources Ltd. Michael Waggett
President, CEO and Director
(604) 669-2151 Office
E: mike@everettresources.com
W: www.everettresources.com

Or

Tribeca Capital Partners Inc.
Jamie Hyland
1-877-882-7894 Office
(778) 938-8760 Cell
E: jamie@tribecacap.com
W: www.everettresources.com


Forward Looking Statements

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Particular risks applicable to this press release include risks associated with planned production, including the ability of the company to achieve its targeted production outline due to regulatory, technical or economic factors. In addition, there are risks associated with estimates of resources, and there is no guarantee that a resource will have demonstrated economic viability as necessary to be classified as a reserve. There is no guarantee that additional exploration work will result in significant increases to resource estimates. The reader is referred to the Company's most recent annual and interim Management's Discussion and Analysis for a more complete discussion of such risk factors and their potential effects, copies of which may be accessed through www.everettresources.com or the Company's page on SEDAR at www.sedar.com.