September 17, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Aurizon Mines, Ltd. (AMEX: AZK) (TSX: ARZ) said it has signed a letter of intent with Everton Resources Inc., under which Aurizon can acquire up to a 65 % interest in Everton's wildcat property located in the James Bay region, 350 kilometres north of Matagami, Quebec.

According to Aurizon, the property is 100% owned by Everton and comprises 411 mining claims, covering 21,476 hectares, and is located near the area of Goldcorp's Eleonore deposit.

Under the deal, Aurizon can earn a 50% interest in the project by incurring expenditures of $3,250,000 over four years, including 3,000 metres of drilling within two years.

Aurizon will also subscribe for a private placement of one million units of Everton at a price of $0.25 per unit, each unit comprising one common share and one share purchase warrant, exercisable to acquire one additional common share at $0.40 per share for a term of two years.

Aurizon will be the operator during the earn-in period for the initial 50% interest in the project, after which a joint venture will be formed.

After earning its initial 50% interest in the project, Aurizon may then elect to earn an additional interest of 15%, for a total interest of 65%, by making cash payments totaling $300,000 over three years from the election date, incurring expenditures totaling $3 million over three years from the election date, and delivering an independent pre-feasibility study by the end of the fourth anniversary of the election date.

Canada-based Aurizon Mines is a gold producer with a growth strategy focused on developing its existing projects in the Abitibi region of north-western Quebec.

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