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Evrim Resources Corp. (TSX VENTURE:EVM) ("Evrim" or the "Company") is pleased to
announce that it has signed an agreement with Callinan Royalties Corporation
(TSX VENTURE:CAA) ("Callinan") for a four year, C$1.5 million regional
exploration alliance (the "Alliance") in Mexico. The Alliance will initially
focus on generating gold and silver targets within a 40,000 square kilometre
area of interest (AOI) in prospective mineral belts with a firm commitment of
C$500,000 in year one. 


Callinan will provide annual funding to the Alliance and Evrim will conduct
generative exploration within the AOI to stake and acquire new projects (the
"Projects") and develop the Projects for joint venture purposes. Projects
acquired within the AOI during the term of the Alliance will be 100% owned by
Evrim and subject to a 1.5% Net Smelter Royalty (NSR) in the case of precious
metals and a 1.0% NSR in the case of base metals to Callinan. Evrim will grant
to Callinan a Right of First Offer on the sale of any royalties owned by Evrim
on Alliance properties.


"The Alliance with Callinan allows Evrim to expand its capabilities to deliver
quality exploration opportunities to our current and prospective exploration
partners," commented Paddy Nicol, President and CEO of Evrim. "In addition,
combining our generative expertise with Callinan's capital provides Callinan
excellent potential to realize value through future royalty streams. We look
forward to a long relationship with Callinan."


Private Placement

The Company has arranged a 4,000,000 share non-brokered private placement at
$0.33 per share to raise gross proceeds of $1.32 million. Callinan plans to
participate in the private placement. The shares will be subject to a 4 month
hold from the date of closing under Canadian Securities Law. Proceeds from the
private placement will be used for working capital purposes. 


About Evrim Resources

Evrim is a mineral exploration company with a diverse portfolio of quality gold
and copper projects, and a geological database covering Mexico and portions of
southwestern United States. Evrim's business plan is to generate exploration
targets that it will advance through option and joint venture agreements with
industry partners to create shareholder value. The projects generated to date
form a solid foundation for Evrim's execution of the joint venture business
model, which will be further enhanced by a pipeline of new internally developed
projects.


For further information on Evrim please visit www.evrimresources.com.

About Callinan Royalties

Callinan Royalties is a Canadian company that creates and acquires mineral
royalties. The company uses its royalty income to provide alternative financing
options to mineral exploration and development companies with attractive
projects. Callinan's strategy is to create shareholder value over the long term
by generating a portfolio of profitable mineral royalties.


The Corporation currently has two producing royalties. Callinan holds a 6 2/3%
net profits interest royalty and a $0.25 per ton royalty on lands that include
the 777 Mine owned by HudBay Minerals Inc. located in Flin Flon, Manitoba,
Canada as well as the adjacent 777 North Mine scheduled for production in 2012.
Callinan also holds the 777 Deeps (War Baby) property and an associated royalty
option on the property, which is located adjacent to the 777 Mine. 


Callinan is a dividend paying Tier 1 company listed on the TSX Venture Exchange
under the symbol CAA. The Corporation has a strong financial position with no
debt, approximately $30 million in cash and approximately 48.2 million shares
outstanding.


On Behalf of the Board

EVRIM RESOURCES CORP.

Paddy Nicol, President & CEO

Forward Looking Information

This news release includes certain statements that may be deemed "forward
looking statements". All statements in this news release, other than statements
of historical facts, that address events or developments that Evrim Resources
Corp. (the "Company") expects to occur, are forward looking statements. Forward
looking statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects", "plans",
"anticipates", "believes", "intends", "estimates", "projects", "potential" and
similar expressions, or that events or conditions "will", "would", "may",
"could" or "should" occur. 


Although the Company believes the expectations expressed in such forward looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results may differ materially from
those in the forward looking statements. Factors that could cause the actual
results to differ materially from those in forward looking statements include
market prices, exploitation and exploration successes, and continued
availability of capital and financing, and general economic, market or business
conditions. Investors are cautioned that any such statements are not guarantees
of future performance and actual results or developments may differ materially
from those projected in the forward looking statements. Forward looking
statements are based on the beliefs, estimates and opinions of the Company's
management on the date the statements are made. Except as required by securities
laws, the Company undertakes no obligation to update these forward looking
statements in the event that management's beliefs, estimates or opinions, or
other factors, should change.


THIS PRESS RELEASE, PROVIDED PURSUANT TO APPLICABLE CANADIAN REQUIREMENTS, IS
NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.
THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR
SOLD IN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION OR APPLICABLE
EXEMPTION FROM REGISTRATION REQUIREMENTS.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Evrim Resources Corp.
Paddy Nicol
President
604-248-8648


Evrim Resources Corp.
Rob Duncan
Vice President, Business Development
604-248-8648
604-248-8663 (FAX)
www.evrimresources.com

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