Everlert (EVLI) Signs Letter of Intent for Proposed Reverse Merger with South American Copper Ltd

Proposed transaction would position a development-stage Bolivian gold, copper and silver project within a U.S. public company platform

LOS ANGELES, April 29, 2026 (GLOBE NEWSWIRE) — Everlert, Inc. (OTC: EVLI) (“Everlert” or the “Company”) today announced that it has executed a non-binding Letter of Intent with South American Copper, Ltd. to pursue a proposed reverse merger transaction under which Everlert would acquire 100% of South American Copper’s mining business and continue as the surviving public reporting company, subject to due diligence, definitive agreements and customary closing conditions.

South American Copper, through its Bolivian operating subsidiary Minerasac S.A. S.R.L., controls a large-scale mineral project in the Ascensión de Guarayos region of eastern Bolivia, including gold, copper and silver mineralization across multiple volcanogenic massive sulfide zones, together with related surface rights, infrastructure and operating permits.

The proposed transaction is intended to combine South American Copper’s development-stage mining assets with Everlert’s public company platform to support future development, expanded exploration and access to U.S. capital markets.

Richard Hawkins, CEO of Everlert, said, “We believe this opportunity introduces a substantially different operating profile for Everlert, centered on hard assets, development-stage production potential and long-term resource value. The project appears to have significant historical technical work behind it, existing permits, active infrastructure, and what we believe is a compelling growth profile, subject to continued diligence.”

According to information provided by South American Copper in its January 2026 Corporate Business Summary made available to Everlert in connection with due diligence, the project includes four contiguous concessions covering approximately 42,175 hectares, substantial historical drilling and assay data, active test production history in the C-Zone, and a phased development plan directed at expanded gold and copper production. South American Copper states that test mining has been conducted in the C-Zone since 2014 using a gravity recovery process, which management believes distinguishes the project from earlier-stage exploration-only opportunities. South American Copper has also indicated that currently identified resources may represent significant in-ground metal value based on referenced commodity prices; however, such estimates are preliminary, are not NI 43-101 compliant, have not been independently verified by Everlert, and are subject to standard assumptions and risks. A copy of the South American Copper Corporate Business Summary provided by the company is available here: South American Copper Business Summary

Project metrics and operational information summarized below have been provided by South American Copper from materials supplied to Everlert during due diligence:

• Approximately $30 million reportedly invested to date in exploration and development activities.
• More than 90 geological reports, extensive drilling, trenching and assay work, according to South American Copper.
• Test gold production history in the C-Zone utilizing a gravity recovery circuit.
• A phased development plan described by South American Copper as requiring approximately US$10 million to advance initial phases.
• Existing permits and operating approvals, as represented by South American Copper, supporting contemplated expansion activities.
• Materials provided by South American Copper also describe a senior technical team with extensive in-country and international mining experience supporting ongoing development planning.

The LOI contemplates an equity-based exchange transaction, transfer of control securities at closing, restructuring of certain legacy debt instruments, and a PCAOB-compliant audit process to support post-closing SEC reporting, subject in all respects to due diligence, definitive documentation, regulatory filings and customary closing conditions.

Brent Nelson, President of South American Copper, added, “Our objective has been to position these assets within a public structure capable of supporting development at a broader scale. We believe Everlert provides a logical platform for that next phase of development and potential public-market growth.”

The parties are targeting execution of definitive agreements on or before May 30, 2026, although there can be no assurance a transaction will be completed.