Private Placement Closed Stock Options Granted

Vancouver, Canada, April 20, 2011 --(PR.com)-- (TSX-V: EAR) Everett Resources Ltd. (“Everett”) is pleased to announce that it has closed its private placement announced February 22, 2011, consisting of 5,485,000 units (the "Offering") of its securities at a price of $0.055 per unit, for proceeds of $301,675. Each unit consists of one common share in the capital of the Company and one-half of a non-transferable share purchase warrant with each whole warrant, entitling the holder to acquire one additional common share of the Company at a price of $0.10 per share for two years. In conjunction with the private placement, the Company has paid finder's fees of $15,048 in cash to finders. The units and any underlying shares are subject to a hold period and may not be traded until August 1, 2011.

Grant of Stock Options
Everett also announces that it has granted Incentive Stock Options on 2,600,000 shares of its capital stock, exercisable for five (5) years at a price of $0.10 per share which price is not lower than the last closing price of Everett’s shares prior to this announcement, less the applicable discount. The options are granted pursuant to the Everett's Share Option Plan and will be subject to applicable regulatory hold periods.

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.

The San Juan Property, New Mexico
Everett continues to hold and maintain its interest in the uranium prospective San Juan Property which is comprised of 496 mineral claims located in the San Juan Basin of New Mexico. The San Juan Property contains lands where earlier drilling by the U.S. Department of Energy encountered conditions consistent with those of other uranium occurrences identified in the area. With its current exploration focus on the Menarik Property, Everett may seek a joint venture participant to carry out an exploration program.

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Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Per: "Michael Waggett" Michael Waggett, President

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