Evermount Ventures Inc. (the 'Company') (TSX-V: ETV.H), a capital pool company, the Company announces that the Annual and Special General Meeting (the 'Meeting') that was originally scheduled on February 19, 2021 will be postponed to March 4, 2021.

At the Meeting, shareholders will be asked to approve, among other things, a long-term performance incentive plan for the Company; amendments to the articles of the Company in order to create a new class of subordinate voting shares (the 'Subordinate Voting Shares') and a new class of multiple voting shares (the 'Multiple Voting Shares'), re-designation of outstanding common share of the Company as a Subordinate Voting Share, adoption of an advance notice policy, issuance of Multiple Voting Shares to Samuel Jones pursuant to the acquisition of VCG by the Company in connection with the Qualifying Transaction, and an amendment to the CPC Escrow Agreement whereby the escrow term will be reduced from 36 months to 18 month. The Company has filed a copy of the Management Information Circular for the Meeting under the Company's profile on SEDAR at www.sedar.com.

Forward Looking Information

Information set forth in this news release contains forward-looking statements. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to the Company's expectation to list its common shares on the TSXV, its ability to identify, evaluate and complete a Qualifying Transaction and other risks and uncertainties, including those described in the Company other disclosure documents filed with the Canadian Securities Administrators and available on www.sedar.com. Accordingly, actual and future events, conditions and results may differ materially form the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.

Contact:

Tel: (604) 961-8188

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