Evrim announces Resource Upgrade at the Ermitaño Project

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Vancouver B.C. – April 1, 2020: Evrim Resources Corp. (TSX.V:EVM) (“Evrim” or the “Company”) is pleased to announce an update to the gold-silver resource on the Ermitaño Project in Sonora, Mexico. Property owner First Majestic Silver Corp. (“First Majestic”) announced a 15% increase in grade and a 345% increase in contained silver-equivalent ounces in the indicated resource for year-end 2019 compared to the 2018 indicated resource (First Majestic news release of March 30, 2020). Ermitaño is located approximately four kilometres from First Majestic’s Santa Elena mine and is being developed as a satellite deposit. Evrim holds a 2% net smelter royalty (NSR) on the Ermitaño Project.

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