Evolving Gold

[Interview] Evolving Gold Featured on AOL Small Cap Show

06 Nov 2009 17:10:00 GMT

[Press Release] Evolving Gold Announces Bought Deal Private Placement Financing of $10,000,080

03 Nov 2009 20:34:00 GMT

VANCOUVER, BRITISH COLUMBIA--(Nov. 3, 2009) - Evolving Gold Corp. (TSX VENTURE:EVG) (FRANKFURT:EV7) ("Evolving" or the "Company") is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by National Bank Financial Inc. and Scotia Capital Inc. (the "Underwriters"), pursuant to which the Underwriters have agreed to purchase 11,111,200 units ("Units") of the Company on a bought deal basis, at a price of $.90 per Unit for aggregate gross proceeds to the Company of approximately $10,000,080. Each Unit will consist of one common share (a "Common Share") and one-half of one common share purchase warrant (each whole purchase warrant, a "Warrant"). Each Warrant will entitle the holder to acquire one Common Share at a price of $1.25 for a period of two (2) years from closing.

The offering is scheduled to close on or about November 24, 2009. The offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and the securities regulatory authorities.

The proceeds of the offering will be used for exploration of the Company's properties and for general corporate purposes, in particular for exploration, drilling, permitting, and other studies to move the Rattlesnake Hills project in Wyoming toward prefeasibility.

The Company will pay the Underwriters a cash commission of 5.0% of the number of Units sold under the offering. In addition, the Underwriters will receive warrants to purchase 5.0% of the number of Units sold under the offering at $1.25 per Unit for a period of two (2) years from closing.

On Behalf of the Board of Directors

EVOLVING GOLD CORP.

Robert Barker, CEO and Director

Investors can post questions and receive answers at the Evolving Gold Corp IR Hub at http://www.agoracom.com/IR/evolving

About Evolving

Evolving Gold is focused on exploring its significant discovery at Rattlesnake Hills, Wyoming, an alkalic gold system, similar to the Cripple Creek gold district in Colorado. Evolving Gold has the option to acquire 100% of the Rattlesnake Hills project.

Evolving also has nine other gold properties in New Mexico, Nevada in the United States, and southern Nunavut in Canada, including a lease agreement with subsidiaries of Newmont Mining Corporation on four prospective gold properties (North Carlin District Properties) in the prolific Carlin Trend.

For more information about Evolving Gold please visit: www.evolvinggold.com. To receive regular updates or to receive a follow-up call from Investor Relations please sign up at: http://evolvinggold.com/sign-up.php.

In compliance with National Instrument 43-101, Quinton Hennigh, Ph.D., P.Geo., is the Qualified Person responsible for the accuracy of this news release.

FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company's actual results and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: results of exploration activities and development of mineral properties, fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the ability to obtain financing, currency fluctuations, general market and industry conditions and other risks disclosed in the Company's filings with Canadian Securities Regulators.

Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact

Evolving Gold Corp.
Robert Bick
Executive Chairman
604 685 6375 or Toll Free: 1-866-604-3864
robert@evolvinggold.com
www.EvolvingGold.com
or
Investor Relations:
Leo Karabelas
905 553-7992
leo@frontlineir.com
or
Senergy Communications Inc.
Shiro Rae
778 331-2095
shiro@senergyir.com

[Industry Bulletin] Gold Prices Hit New Record - $1,079.10 Per Ounce

03 Nov 2009 16:52:00 GMT

Dear shareholders,

In an effort to keep you up to date on all pertinent information regarding the resource sector and more specifically gold bullion please see article titled, “Gold Prices Hit New Record”.

Gold came into the day with a firmer tone, which traders at the time linked to news that the Reserve Bank of India bought 200 metric tons of gold from the International Monetary Fund between Oct. 19 and 30. The transaction involves nearly half of the 403.3 metric tons that the IMF had earmarked for sale.

Regards,

AGORACOM Investor Relations

Gold Prices Hit New Record

By ALLEN SYKORA

Gold futures surged to new record highs on Tuesday due to a combination of weakness in the euro, chart-based buying and a large purchase announced by India's central bank overnight.

Around 11:04 a.m. EST, December gold was up $25.10 to $1,079.10 an ounce on the Comex division of the New York Mercantile Exchange.

Click here to read article in its entirety.

[Interview] Quinton Hennigh, Ph.D., P.Geo. goes “Beyond the Press Release"

23 Oct 2009 15:09:00 GMT

Quinton Hennigh, Ph.D., P.Geo. goes “Beyond the Press Release" to discuss Evolving Gold’s recent press release.

[Broadcast] President and Chief Geologist

03 Nov 2009 15:48:47 GMT

Quinton Hennigh, Ph.D., P.Geo. goes “Beyond the Press Release" to discuss Evolving Gold’s recent press release.

[Press Release] Evolving Gold Intersects 36.6 meters at 4.11 gpt Au included in 175.3 Meters ...

21 Oct 2009 18:08:00 GMT

Evolving Gold Intersects 36.6 meters at 4.11 gpt Au included in 175.3 Meters of 1.86 gpt Gold at Rattlesnake Hills

VANCOUVER, Oct. 21, 2009 - Evolving Gold Corp. (TSXV: EVG) (DE:EV7) (the "Company") is pleased to announce that drilling at its Rattlesnake Hills project continues to intersect long intervals of gold mineralization including intervals of higher grades.

Significant intersections include 175.3 meters at 1.86 gpt Au (575 feet at 0.054 opt Au) including 36.6 meters at 4.11 gpt Au (120 feet at 0.120 opt Au) in drill hole RSC-039 and 141.7 meters at 1.56 gpt Au (465 feet at 0.046 opt Au) including 7.6 meters at 16.41 gpt Au (25 feet at 0.479 opt Au) in drill hole RSC-041.

President and Chief Geologist, Dr. Quinton Hennigh states, "Drilling continues to support continuity of gold mineralization along the south side of North Stock. The strike length of the higher grade zone currently extends about 240 m and is open to the northeast. RSC-039 indicates that it can start less than 15 meters below surface and RSC-046 indicates it continues to a depth of approximately 300 m. The higher grade zone appears to be approximately 65 m wide where it is hosted in the diatreme breccia, widening to about 90 m at drill hole RSC-039."

Rattlesnake Hills is similar in geology to the Cripple Creek district in Colorado, where Anglo Ashanti currently produces approximately 275,000 ounces of gold annually in an open pit, heap leach operation with a recovered grade of 0.49 grams per tonne. More than 20 million ounces of gold has been produced from the Cripple Creek complex.

North Stock Target

-The broad interval of gold mineralization in hole RSC-039, 175.3 meters at 1.86 gpt Au (575 feet at 0.054 opt Au) including 36.6 meters at 4.11 gpt Au (120 feet at 0.120 opt Au), continues to demonstrate continuity of gold mineralization along the southern boundary of the North Stock diatreme complex. RSC-039 is located 80 meters northeast of RSC-020 (67.1 meters at 10.8 gpt Au) and 130 meters southwest of RSC-003 (146.3 meters at 2.92 gpt Au).

-Drill hole RSC-041 intersected 141.7 meters at 1.56 gpt Au (465 feet at 0.046 opt Au) including 7.6 meters at 16.41 gpt Au (25 feet at 0.479 opt Au). This hole intersects the southern boundary of the North Stock diatreme complex slightly above the interpreted highest grade portion of the contact zone mineralization.

-Drill hole RSC-046 intersected the mineralized diatreme contact approximately 180 meters vertically below drill hole RSC-020 and intersected 39.6 meters at 1.52 gpt Au (130 feet at 0.044 opt Au), including 3.0 meters at 13.23 gpt Au (10 feet at 0.386 opt Au). Alteration and mineralization is related in part to an intermediate porphyry similar to that encountered to the east in drill hole RSC-027. There is growing evidence of the importance of this porphyry in the development of gold mineralization at Rattlesnake Hills.

Drill holes RSC-033 and 037 targeted shallower levels of the North Stock target, largely above the upper portion of the higher grade gold mineralization in the vicinity of drill hole RSC-003. Drill hole RSC-036 appears to have intersected a late stage diatreme breccia or fault offset.

Dr. Hennigh comments, "Continuing development of evidence linking gold mineralization at North Stock to an intermediate porphyry, coupled with results previously reported for RSC-027, opens up exploration potential for a major, untested mineralized porphyry target at depth. This will likely be a significant focus of our continued exploration at Rattlesnake Hills."

Antelope Basin Target

-Drill hole RSC-038 intersected several long intervals of gold mineralization, such as 61.0 meters at 0.62 gpt Au (200 feet at 0.018 opt Au) in schist northwest of the diorite intrusion which hosts much of the Antelope Basin gold mineralization.

-Drill hole RSC-035 was lost due to open space caving. Prior to being lost it intersected 30.8 meters at 0.83 gpt Au (101 feet at 0.024 opt Au), starting at 13.7 meters (45 feet) down hole.

Drilling indicates that the Antelope Basin gold mineralization is not restricted to the diorite intrusion. The Antelope Basin mineralization is extensively oxidized. The character of the mineralization and alteration is similar to that at North Stock, suggesting a genetic link between the two. Mineralization appears to extend to the northeast, toward a known concentration of mineralized porphyry, and to the southwest toward a drill hole completed by ACNC (Inco) in the 1980's which contained reported anomalous gold values.

Gold assays were completed by SGS Canada Inc. in Toronto, using a 30 gram charge, fire assay, with an ICP finish. For over limit assay results, initial assays in excess of 10.0 gpt Au, a gravimetric finish is utilized. The Company will undertake a program of metallic screen fire assays, particularly of the higher grade intervals.

General Update for Rattlesnake Hills

The Company has made major progress in defining the potential and continuity of the high grade and bulk tonnage targets at North Stock and Antelope Basin during the 2009 drill program. It has also identified a gold minerralized porphyry target southeast of North Stock, which is an important exploration target for 2010. Assays from
approximately 51 drill holes remain to be reported.

Two track mounted core rigs will continue to operate at the Rattlesnake Hills project until approximately the end of October, when freezing weather and snow conditions mandate a termination of drilling due to logistical difficulties and safety concerns. The Company expects to complete hole number 93 on the property by the end of October.

Preliminary metallurgical studies indicate that floatation should produce a bulk sulfide concentrate that includes a high percentage of the gold. The Company plans to undertake an extensive program of cyanide leach gold assays to characterize the metallurgical nature of the mineralization at Rattlesnake. A program of leach testing on the oxide portion of the mineralization at North Stock and Antelope Basin will also be initiated, along with additional test work on the sulfide mineralization.

As part of an overall program of advancing the baseline studies for permitting development, archeological surveys have been expanded in 2009, and wildlife surveys are ongoing through the year. A thorough biological survey of plant species is planned for Spring and early Summer in 2010. Regulatory authorities have permitted the removal of an unoccupied eagle's nest on the access road, with the preparation of an alternative nesting site nearby that will not be disturbed by traffic accessing the drill site.

The Company plans to complete an updated NI 43-101 in the second quarter of 2010 addressing size, grade, metallurgy and economics of the Rattlesnake Hills project.

It has come to the attention of the Company that an assay conversion from grams per tonne to ounces per ton (opt) in the September 14, 2009 news release was incorrect. In the reported assays for RSC-027, the interval of 160.0-170.7 meters, at 3.87 gpt Au, should have been shown as 0.113 opt instead of 0.088 opt as previously reported.

Carlin Drilling

At the Carlin, Nevada property, two additional core holes (CAR-003 and CAR-004) have been completed subsequent to the completion of hole CAR-002 reported on September 10, 2009. These holes are drilled to depths of 1,130.2 meters and 1,030.2 meters (3,700 feet and 3,379 feet) and have intersected the interpreted Webb Formation which hosted the upper interval of gold mineralization intersected in drill hole CAR-002. One core rig is drilling at Carlin and will complete a fourth hole (CAR-007). CAR-007 is currently at a depth of 771.3 meters (2,530 feet) and will test the full sedimentary column that was tested in CAR-002, including the unit that hosted the lower intersection of gold mineralization in that drill hole. Assays are pending for CAR-003 and CAR-004 and will likely not be available for at least a month.

Kiyuk Gold Property:

The Company reports that a proposed joint venture on the Kiyuk property has been cancelled, and that the Company controls 100 percent of the property through an agreement with the underlying owner. Earlier this month, Ridgemont Capital Corp. indicated to the Company that it would not proceed with a proposal to acquire by joint venture a 70 percent interest in the Kiyuk Gold Property.

"Kiyuk is an exciting exploration property in southern Nunavut with alteration and anomalous gold in rock samples, commonly to levels of 3-5 gpt Au extending over a strike length of 18 kilometers." says Evolving Gold CEO, Dr. Robert Barker. "We have completed additional sampling, expanded the size of known prospects, and completed geophysical surveys to better define drill targets. This is large gold system that fits EVG's exploration expertise."

"Rattlesnake Hills continues to be our primary focus and we will carefully examine all our options for pursuing an exploration program on this property to optimize both our human resources and our cash."

About Evolving Gold Corp.

Evolving also has nine other gold properties in New Mexico, Nevada in the United States, and southern Nunavut in Canada. A lease agreement with subsidiaries of Newmont Mining Corporation on four prospective gold properties (North Carlin District Properties) in the prolific Carlin Trend. The Carlin property drilling described earlier in this news release is on one of these four properties.

For more information about Evolving Gold please visit: www.evolvinggold.com . To receive regular updates or to receive a follow-up call from Investor Relations please sign up at: http://evolvinggold.com/sign-up.php.

In compliance with National Instrument 43-101, Quinton Hennigh, Ph.D., P.Geo., is the Qualified Person responsible for the accuracy of this news release.

On Behalf of the Board of Directors
EVOLVING GOLD CORP.

"Robert Barker"
-------------------
Robert Barker
CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as

that term is defined in the policies of the TSX Venture Exchange) accepts

responsibility for the adequacy or accuracy of this release.

Evolving Gold Corp.,
Robert Bick, Executive Chairman,
robert@evolvinggold.com

Direct: (604) 685-6375,
Toll Free: 1-866-604-3864
www.EvolvingGold.com

Investor Relations:
Leo Karabelas,
First Canadian Capital Corp.,
Tel: (416) 543-3120,

lkarabelas@firstcanadiancapital.com

Shiro Rae, Senergy Communications Inc.,
Tel:(778) 331-2095,
shiro@senergyir.com

Investors can post questions and receive answers at the Evolving Gold Corp IR Hub at http://www.agoracom.com/IR/evolving

[Media] Toronto Resources Investment Conference - Interview

30 Sep 2009 15:12:00 GMT

[Industry Bulletin] A Treasury Funding Crisis For The US As Early As October?

28 Sep 2009 21:34:00 GMT

The rally has taken Treasury yields — which move opposite the bonds’ price — to their lowest levels since spring, and have helped push mortgage rates to their lowest levels in three months. The Fed’s active presence has also raised questions of whether the rally is sustainable.

Wall Street Journal, September 21, 2009

The Fed has accounted for half of all Treasury purchases in Q2 ($164 billion of total of $339 billion). Below we present data for what could be construed as a Treasury funding crisis borne out of lack of demand for longer maturities, once the QE portion of UST purchases expires. This crisis could hit as soon as October.

ZeroHedge.com, September 25, 2009

[Media] Evolving Gold Featured on Market Call

25 Sep 2009 18:41:00 GMT

Evolving Gold Mentioned at 6:30 and Top 3 Picks

[Industry Bulletin] Cambridge Conference Is Must Attend For Resource Investors In Toronto

23 Sep 2009 13:47:00 GMT

ATTENTION: ALL TORONTO AND SURROUNDING AREA RESOURCE INVESTORS

Evolving Gold Booth: 410

The Cambridge Conference is taking place this weekend and it will be as good as any given the state of commodity markets. The line-up of speakers is the best you’ll find at any conference in Canada and you’ll get a chance to meet with a number of great companies face-to-face.

Cambridge House will now be charging $20 entry fee at the door (not a gimmick, this is real) - BUT click on this link or the banner below and use our code (AGT9) to get in for free.

Second, AGORACOM will be meeting with members at our booth (#1006) on both Saturday (1:00) and Sunday (12:00). We will be drawing for cool prizes on the spot! Be sure to print off your profile page and bring it with you so you can enter the draw!

[Event] Join us at the Toronto Resource Investment Conference

21 Sep 2009 14:46:00 GMT

Toronto Resource Investment Conference - September 26 & 27, 2009 - Booth 410

Metro Toronto Convention Centre, North Building
255 Front Street West, Toronto, ON

Agenda | Speaker Line Up | Exhibitor List | Register | Floorplan

[Broadcast] Evolving Gold Identifies New Zone of Mineralization. Results include 30.5 meters 1.89 gpt Gold

15 Sep 2009 16:31:44 GMT

Evolving Gold Identifies New Zone of Mineralization. Results include 30.5 meters 1.89 gpt Gold

[Broadcast] CEO and Director

15 Sep 2009 18:23:33 GMT

Evolving Gold Identifies New Zone of Mineralization. Results include 30.5 meters 1.89 gpt Gold

[Press Release] Evolving Gold Identifies New Zone of Mineralization At Rattlesnake Hills

14 Sep 2009 16:06:00 GMT

VANCOUVER, Sept. 14 /CNW/ - Evolving Gold Corp. (TSXV: EVG) (FSE: EV7) (the "Company") is pleased to announce that drilling in the southeast portion of the North Stock has indicated a new zone of gold mineralization at depth. The mineralization occurs in association with porphyries of a type not previously seen in this system of alkalic intrusions and diatremes.

Drilling at Antelope Basin has confirmed the zone of gold mineralization identified in earlier drilling. (See news release 8/10/09.)

The drill results at both North Stock and Antelope Basin indicate new exploration potential for the discovery of additional gold mineralization.

Five diamond drills are now operating at Rattlesnake Hills. Forty-six core holes have been completed in the 2009 drill program with five additional in progress. Expectations are that a total of approximately sixty drill holes will be completed this year for a total of approximately 27,000 meters. Currently nine drill holes have been received by the lab and are awaiting assays.

Five drill holes have intersected projections of the high grade zone reported in holes RSC-003, RSC-007, and RSC-020. Assays are still pending on these intersections. For a complete summary of drilling progress, please click http://evolvinggold.com/investors/drill-update-2009/.

    <<
    North Stock Target

    -   Near the bottom of drill hole RSC-027 a new style of mineralization
        associated with intermediate porphyry and stockwork veining was
        encountered well outside the margin of the diatreme. Intersections
        included 30.5 meters 1.89 gpt gold (100 ft at 0.055opt Au), including
        7.6 meters at 3.75 gpt gold (25 ft at 0.109 opt Au), and 35.1 meters
        at 1.74 gpt gold (115 ft at 0.051 opt Au).
    -   Nearer surface, drill hole RSC-027 also intersected 135.6 meters at
        0.89 gpt Au (445 ft at 0.026 opt Au).
    -   Drill hole RSC-028 intersected 59.5 meters at 0.85 gpt Au (195 ft at
        0.025 opt Au) starting at 33.5 meters (110 ft) from surface.
    >>

"The gold values encountered deep in hole RSC-027 represent a significant exploration discovery in this year's program at Rattlesnake Hills," statesQuinton Hennigh , President and Chief Geologist. "This hole intersected numerous intervals of intrusive porphyry with associated stockwork veining unlike anything we had seen previously. This suggests the possibility that a focus of mineralization may lie to the southeast, completely outside of the diatreme itself and further exploration may show that stockwork system is the connecting link between North Stock and Antelope Basin."

    <<
    North Stock
    --------------------------------------------------------  ---------------
    Drill Hole   From        To       Interval      Gold      Interval  Gold
               (meters)   (meters)    (meters)   grams/tonne    (ft)   oz/ton
    --------------------------------------------------------  ---------------
    RSC-027       61.0      196.6       135.6        0.89       445.0  0.026
               ---------------------------------------------  ---------------
     includes    160.0      170.7        10.7        3.87        35.0  0.088
               ---------------------------------------------  ---------------
                 455.7      499.9        44.2        0.89       145.0  0.026
               ---------------------------------------------  ---------------
     includes    486.2      498.3        12.1        2.19        40.0  0.064
               ---------------------------------------------  ---------------
                 522.7      557.8        35.1        1.74       115.0  0.051
               ---------------------------------------------  ---------------
     includes    542.5      556.3        13.8        2.19        45.0  0.064
               ---------------------------------------------  ---------------
                 699.5      730.0        30.5        1.89       100.0  0.055
               ---------------------------------------------  ---------------
     includes    711.7      726.9        15.2        3.11        50.0  0.091
               ---------------------------------------------  ---------------
     includes    716.3      723.9         7.6        3.75        25.0  0.109
    --------------------------------------------------------  ---------------
    RSC-028       33.5       93.0        59.5        0.85       195.0  0.025
               ---------------------------------------------  ---------------
     includes     33.5       64.0        30.5        1.18       100.0  0.034
               ---------------------------------------------  ---------------
                 187.5      204.2        16.7        0.82        55.0  0.024
    --------------------------------------------------------  ---------------
    RSC-034       22.9      137.2       114.3        0.70       375.0  0.020
               ---------------------------------------------  ---------------
                 149.4      155.4         6.0        0.91        20.0  0.027
               ---------------------------------------------  ---------------
                 170.7      202.7        32.0        0.78       105.0  0.023
    --------------------------------------------------------  ---------------

    Antelope Basin

    -   Drill hole RSC-042 intersected several long mineralized intervals
        including 54.9 meters at 0.70 gpt Au (180 ft at 0.020 opt Au) and
        76.2 meters at 1.70 gpt Au (250 ft at 0.050 opt Au) which confirms
        the size potential of the Antelope Basin target.
    -   Drill hole RSC-042 also intersected 32 meters at 2.72 gpt Au (105 ft
        at 0.079 opt Au) including 3.0 meters at 10.19 gpt Au (10 ft at 0.297
        opt Au), confirming the presence of high grade intervals in the
        Antelope Basin target as previously reported in RSC-019.
    -   Drill holes RSC-029 and 030 in Antelope Basin drilled away from the
        main zone of mineralization which is focused on the diorite intrusion
        and intersected low levels of gold mineralization.
    >>

"Hole RSC-042 confirms that the Antelope Basin target has significant size potential and also potential for higher grade mineralization as was previously indicated in hole RSC-019," Dr Hennigh continues. "The results in RSC-042 emphasize the importance of the diorite intrusion, which appears to be a major control on gold mineralization in this target area at Antelope Basin."

    <<
    Antelope Basin
    --------------------------------------------------------  ---------------
    Drill Hole   From        To       Interval      Gold      Interval  Gold
               (meters)   (meters)    (meters)   grams/tonne    (ft)   oz/ton
    --------------------------------------------------------  ---------------
    RSC-042        1.5       16.8        15.3        0.35        50.0  0.010
               ---------------------------------------------  ---------------
                  22.8       80.8        58.0        0.52       190.0  0.015
               ---------------------------------------------  ---------------
                  85.3      140.2        54.9        0.70       180.0  0.020
               ---------------------------------------------  ---------------
                 147.8      224.0        76.2        1.70       250.0  0.050
               ---------------------------------------------  ---------------
     Includes    157.0      189.0        32.0        2.72       105.0  0.079
               ---------------------------------------------  ---------------
     Includes    157.0      160.0         3.0        4.97        10.0  0.145
               ---------------------------------------------  ---------------
     Includes    172.2      189.0        16.8        3.65        55.0  0.106
               ---------------------------------------------  ---------------
     Includes    184.4      187.5         3.1       10.19        10.0  0.297
    --------------------------------------------------------  ---------------
    RSC-029        6.1       18.3        12.2        0.35        40.0  0.010
               ---------------------------------------------  ---------------
                 224.0      243.8        19.8        0.34        65.0  0.010
    --------------------------------------------------------  ---------------
    RSC-030       33.5       48.8        15.3        0.61        50.0  0.018
               ---------------------------------------------  ---------------
                 126.5      153.9        27.4        0.27        90.0  0.008
               ---------------------------------------------  ---------------
                 161.5      189.0        27.5        0.37        90.0  0.011
    --------------------------------------------------------  ---------------
    >>

South Stock

Drill holes RSC-031 and 032 were drilled in and near South Stock. They intersected low level gold values, with some higher grade but narrow intervals. These holes indicate relatively low potential for the South Stock area and there are currently no plans for additional drilling in the South Stock area.

Summary of Key Mineralized Intervals to date for North Stock and Antelope Basin

The following table summarizes key intersections to date at the Rattlesnake Hills project. This table is not intended to provide a complete review of the drilling to date. For more details, please refer to the relevant releases available on the Evolving Gold website. For a map of hole locations for previously reported drill holes, please click

http://evolvinggold.com/a-rattle/Drill_Update_Web_Map.pdf

    <<
    North Stock - Selected High Grade Intervals

    --------------------------------------------------------  ---------------
    Drill Hole   From        To       Interval      Gold      Interval  Gold
               (meters)   (meters)    (meters)   grams/tonne    (ft)   oz/ton
    --------------------------------------------------------  ---------------
    RSC-003*   149.4      295.7       146.3        2.92       480.0  0.085
               ---------------------------------------------  ---------------
    RSC-007*   105.2      236.2       131.1        2.84       430.0  0.083
               ---------------------------------------------  ---------------
    RSC-020*   121.9      189.0        67.1       10.80       220.0  0.315
    --------------------------------------------------------  ---------------
    * Previously reported


    North Stock - Selected Potential Bulk Tonnage Style Intervals
    --------------------------------------------------------  ---------------
    Drill Hole   From        To       Interval      Gold      Interval  Gold
               (meters)   (meters)    (meters)   grams/tonne    (ft)   oz/ton
    --------------------------------------------------------  ---------------
    RSC-003*   342.9      416.1        73.2        0.90       240.0  0.026
               ---------------------------------------------  ---------------
    RSC-005*   109.7      163.1        53.3        1.18       175.0  0.034
               ---------------------------------------------  ---------------
    RSC-006*   135.6      219.9        84.2        0.95       276.4  0.028
               ---------------------------------------------  ---------------
    RSC-006*   446.5      544.7        98.1        0.92       322.0  0.027
               ---------------------------------------------  ---------------
    RSC-009*    94.5      274.3       179.8        0.64       590.0  0.019
               ---------------------------------------------  ---------------
    RSC-017*    48.8      186.0       137.2        0.87       450.0  0.025
               ---------------------------------------------  ---------------
    RSC-022*    56.4      184.4       128.0        1.23       420.0  0.036
               ---------------------------------------------  ---------------
    RSC-026*    83.8      163.1        79.3        1.76       260.0  0.051
               ---------------------------------------------  ---------------
    RSC-027       61.0      196.6       135.6        0.89       445.0  0.026
               ---------------------------------------------  ---------------
    RSC-028       33.5       93.0        59.5        0.85       195.0  0.025
               ---------------------------------------------  ---------------
    RSC-034       22.9      137.2       114.3        0.70       375.0  0.020
    --------------------------------------------------------  ---------------
    * Previously reported


    Antelope Basin - Selected Intervals

    --------------------------------------------------------  ---------------
    Drill Hole   From        To       Interval      Gold      Interval  Gold
               (meters)   (meters)    (meters)   grams/tonne    (ft)   oz/ton
    --------------------------------------------------------  ---------------
    RSC-016*   111.3      190.5        79.2        0.85       260.0  0.025
    --------------------------------------------------------  ---------------
    RSC-019*    85.3      248.4       163.1        1.25       535.0  0.036
               ---------------------------------------------  ---------------
     includes    167.6      190.5        22.9        4.18        75.0  0.122
    --------------------------------------------------------  ---------------
    RSC-042      147.8      224.0        76.2        1.70       250.0  0.050
               ---------------------------------------------  ---------------
     includes    157.0      189.0        32.0        2.72       105.0  0.079
    --------------------------------------------------------  ---------------
    * Previously reported

    Please note: Lengths of intersections reported in all tables are down
    hole intervals. Because of the relatively early stage of exploration of
    this system, it is not possible to report accurate estimates of true
    width.
    >>

Kiyuk Gold Property

On August 5, 2009, Evolving Gold announced that it completed the acquisition of the Kiyuk gold property in southern Nunavut, Canada. On September 10, 2009, Evolving Gold entered into a non-binding letter of intent (LOI) with Ridgemont Capital Corp. ("Ridgemont"). The LOI requires Ridgemont to spend$5 million on the project prior to the third anniversary of the date of the definitive agreement to earn 50% of Evolving's interest in the project and an additional$5-million prior to the fifth anniversary of the date of definitive agreement to earn an additional 20%. Evolving Gold will have the right to participate in any future financings by Ridgemont for up to 9 per cent. For more information please review Ridgemont's news release of9/11/09.

About Evolving Gold Corp.

Evolving also has eight other gold properties in New Mexico and Nevada including a lease agreement with subsidiaries of Newmont Mining Corporation on four prospective gold properties (North Carlin District Properties) located within the prolific Carlin Trend (see press release 12/5/2007).

The Company presently holds approximately $17 million in its Treasury after paying drilling and other exploration costs incurred to date.

In compliance with National Instrument 43-101, Quinton Hennigh, Ph.D., P.Geo, is the Qualified Person responsible for the accuracy of this news release.

    <<
    On Behalf of the Board of Directors
    EVOLVING GOLD CORP.

    "Robert Barker"
    ---------------
    Robert Barker
    CEO and Director
    >>

    <<
    Neither TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of this release.
    >>

For further information: Evolving Gold Corp., Robert Bick, Executive Chairman, robert@evolvinggold.com, Direct: (604) 685-6375, Toll Free: 1-866-604-3864, www.EvolvingGold.com; Investor Relations: First Canadian Capital Corp., Leo Karabelas, Tel: (416) 742-5600 ext. 235, lkarabelas@firstcanadiancapital.com; Senergy Communications Inc., Shiro Rae, Tel: (778) 331-2095, shiro@senergyir.com; Investors can post questions and receive answers at the Evolving Gold Corp IR Hub at http://www.agoracom.com/IR/evolving

[Press Release] Evolving Gold Intersects Gold at Carlin Property in Nevada

10 Sep 2009 17:08:00 GMT

VANCOUVER, Sept. 10 - Evolving Gold Corp. (TSXV: EVG) (FSE: EV7) (the "Company") is pleased to report that assay results have confirmed the presence of gold at its Carlin, Nevada property. The more significant gold intersections include 35.1 meters at 1.21 gpt gold (115 ft. at 0.035 oz/ton), and 22.8 meters at 1.11 gpt gold (75 ft. at 0.032 oz/ton). The highest gold value was a 1.5 meter (5.0 ft) interval with a grade of 11.9 gpt gold (0.35 oz/ton). The property is located on the Carlin Gold Trend, 11.5 kilometers (7.1 miles) northwest of the Rain deposit and 12.5 kilometers (7.8 miles) southeast of the Gold Quarry deposit.

As previously reported, drill hole CAR-002 intersected altered and mineralized rock units, interpreted as highly favorable Lower Plate formations (Webb, Rodeo Creek, and Popovich). Visible iron, arsenic and antimony sulfides were also reported.

The drill hole was terminated at 1,519 meters (4,983 ft.) in breccia with dark gray to black carbon and pyrite veinlets. Assays are still pending for the bottom 70.1 meters (230 ft.) of the drill hole. The Carlin property is one of four properties that are included in an agreement with subsidiary companies of Newmont Mining Corporation.

"We consider these results to be a major success for the first drill hole on this property. It is extremely encouraging to see the combination of significant intervals of highly anomalous gold values in Lower Plate formations, coupled with a very strong trace element signature," comments Quinton Hennigh, President and Chief Geologist. "We interpret these results as demonstrating strong exploration potential for a well mineralized gold system in this part of the Carlin Trend. We currently have two drill rigs working on the property to continue to test the potential of this gold mineralization."

About Evolving Gold Corp.

Evolving Gold is focused on its discovery property - Rattlesnake Hills, Wyoming. Rattlesnake Hills is an alkalic gold system, similar in geology with the Cripple Creek gold district in Colorado. Drilling at Rattlesnake Hills is focused on the North Stock and Antelope Basin targets. Evolving has the option to acquire 100% of the Rattlesnake Hills project.

The Company presently holds approximately $17 million in its Treasury after paying drilling and other exploration costs incurred to date.

For more information about Evolving Gold Corp please visit: www.evolvinggold.com. To receive regular updates from EVG or to receive a follow-up call from Investor Relations please sign up at: http://evolvinggold.com/sign-up.php

In compliance with National Instrument 43-101, Quinton Hennigh, Ph.D., P.Geo, is the Qualified Person responsible for the accuracy of this news release.

	    On Behalf of the Board of Directors
	    EVOLVING GOLD CORP.

	    "Robert Barker"
	    ---------------
	    Robert Barker
	    CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as

that term is defined in the policies of the TSX Venture Exchange)

accepts responsibility for the adequacy or accuracy of this release.

For further information

Evolving Gold Corp., Robert Bick, Executive Chairman, robert@evolvinggold.com, Direct: (604) 685-6375, Toll Free: 1-866-604-3864, www.EvolvingGold.com
Investor Relations: First Canadian Capital Corp., Leo Karabelas, Tel: (416) 742-5600 ext. 235l, karabelas@firstcanadiancapital.com
Senergy Communications Inc., Shiro Rae, Tel: (778) 331-2095, shiro@senergyir.com
Investors can post questions and receive answers at the Evolving Gold Corp IR Hub at http://www.agoracom.com/IR/evolving

[Industry Bulletin] Gold price could still hit $1,200 this year

02 Sep 2009 15:50:00 GMT

Dear shareholders,

In an effort to keep you up to date on all pertinent information regarding the resource sector and more specifically gold bullion, please see the attached article from The Gold Report titled, “Gold Price Could Still Hit $1,200 This Year”

Bullish on gold since it carried a $400-per-ounce price tag, Blue Phoenix Chief Investment Strategist John Licata expects the king of metals to ring in the New Year with a $1,200-per-ouncecrown. Interview with The Gold Report.

Please click here to read the article in its entirety.

Regards,

AGORACOM Investor Relations

Gold price could still hit $1,200 this year

Author: The Gold Report
Posted: Wednesday , 02 Sep 2009

VANCOUVER, BC -

Investment strategist John Licata reckons gold remains one of the best asset plays in the world. With recovery on the horizon, silver is also seen as a good investment - in part because a pickup in manufacturing will drive up demand. While it may be premature to claim economic recovery, copper is not seen as serving as the traditional harbinger of a return from recession this time. The rationale? Good economic news-while too inconsistent to make recovery imminent-is already baked in to copper's climb this year.

[WebLink] June 09: international resource journal

20 Aug 2009 14:33:31 GMT

http://www.internationalresourcejournal.com/BROUCHERS/june/evolving/evolving.swf

[WebLink] July 16: investor conference call

20 Aug 2009 14:33:04 GMT

http://evolvinggold.com/investors/call/

[WebLink] Ceo Bob Barker on Rattlesnake

20 Aug 2009 14:32:12 GMT

http://www.vantagewire.com/articles/showarticle/351

[WebLink] August 4: eric coffin on rattlesnake

20 Aug 2009 14:31:24 GMT

http://www.theaureport.com/pub/na/2879

[WebLink] Drill Core from Evolving Gold's Carlin property, Nevada

20 Aug 2009 14:30:35 GMT

http://evolvinggold.com/cores/carlin-gallery-julya/index.html

[Corporate Update] Clarification On Drilling in Nevada

10 Aug 2009 21:54:00 GMT

Dear EVG Investors,

We have noticed some confusion on the board regarding which property is being drilled in Nevada. Please see management's clarification below.

"I'd like to provide some clarification regarding the Carlin property. This property is part of the North Carlin Properties which comprise Sheep Creeks, Boulder Valley, Cottonwood, Jake Creek and Carlin. There is a more complete description at our website. Please visit http://evolvinggold.com/wp-content/themes/zen-min/properties/north-carlin_1024.php

We have two drills turning and will be providing assays as they come available.

Regards,

AGORACOM

[Press Release] Evolving Gold Drilling Update on Rattlesnake Hills

07 Aug 2009 22:58:00 GMT

Evolving Gold Corp. (TSXV: EVG) (DE:EV7) (the "Company") is pleased to report that drilling of the Antelope Basin target at its Rattlesnake Hills Property has expanded the potential of both the size and grade of the Antelope Basin target. Drilling at North Stock continues to confirm high gold grades within a large zone of bulk tonnage style halo gold mineralization.

"Drilling at Rattlesnake continues to define the large scale, bulk tonnage gold target, and also continues to identify high gold grades within the larger target. At Antelope Basin we are seeing the first indications of late stage, higher grade gold mineralization, similar to that encountered at North Stock. The mineralization starts at surface and is strongly oxidized to about 150 meters. These results indicate significant exploration potential at Antelope Basin, perhaps as much as at North Stock." comments Quinton Hennigh, President and Chief Geologist.

"Most of the holes RSC-21 to RSC-33 are within the bulk mineralization at North Stock and Antelope Basin. We have only recently begun completing holes that off-set the high grade zone announced last month. Those results will be available by early September," continues Hennigh. "The high grade zone is a 'blind' discovery that terminates before reaching surface. We are only just beginning to come to grips with its place in the system."

To date in the 2009 program, the Company has completed 24 drill holes totaling 9,376 meters (30,762 ft), with 4 more in progress. Core from all or part of 7 holes are at the lab with assays pending. Assay results will be released in groups as they are received. A map of the drill holes at Antelope Basin and North Stock, including a drilling update is available at http://evolvinggold.com/rattlesnake-hills.php.

Drilling in 2009 is designed to expand and confirm the body of bulk tonnage style mineralization, and the high grade zones within it which was reported at the end of 2008 drilling. The 2008 drilling defined a body which measured approximately 450 meters long, 200 meters wide, and 550 meters deep. The 2009 drilling is also designed to better define the mineralization at Antelope Basin, up to 750 meters to the south of North Stock, and explore the potential connection between the two zones of mineralization. Highlights from the current results include:


    
    Antelope Basin Target

    -  Drill hole RSC-019: 163.1 meters at 1.24 gpt Au (535 ft at 0.036 opt),
       including 50.2 meters at 2.71 gpt Au (165 ft at 0.079 opt) and which
       includes 22.9 meters at 4.15 gpt Au (75 ft at 0.121 opt).
       Mineralization in RSC-019 starts at the surface and is visually
       oxidized to at least 150 meters in depth.

    -  Drill hole RSC-019 confirms the presence of high grades in this target
       area. The *aggregate thickness of all significant intersections in
       RSC-019, 274.3 meters at 0.99 gpt Au (900 ft at 0.029 opt) confirms
       potential for a wide zone of bulk tonnage style mineralization
       approximately 750 meters south of the North Stock. Additional drilling
       is needed to define the geometry and size potential of this target in
       Antelope Basin.

    -  The Antelope Basin target remains open with additional drilling
       planned to test its potential to the south-southwest and northward
       towards the North Stock target.

    North Stock Target

    -  Drill hole RSC-026 intersected 79.3 meters at 1.76 gpt Au (260 ft at
       0.051 opt), including 22.8 meters at 4.78 gpt Au (75 ft at 0.139 opt)
       which includes a single 1.5 meter interval at 43.5 gpt Au (5 ft at
       1.27 opt) that significantly influences the grades of the longer
       reported intersections.

    -  Drill hole RSC-022 intersected 128.0 meters at 1.23 gpt Au (420 ft at
       0.036 opt), including 13.8 meters at 2.55 gpt Au (45 ft at 0.074 opt)
       which includes 3.0 meters at 6.03 gpt Au (10 ft at 0.176 opt)

    -  Drilling at North Stock continues to confirm a large zone of bulk
       tonnage style gold mineralization as previously reported at the end of
       the 2008 drill program. Results from drill hole RSC-020 were
       previously reported, in a news release dated July 13, 2009.

    South Stock Target

    Drill holes RSC-023 and RSC-025 were drilled into the South Stock target.
These drill holes failed to intersect a major stock, intersecting only small
intrusive dikes. Low levels of gold were encountered in these drill holes,
indicating that the main trend of gold mineralization does not include the
immediate area of the South Stock. The long gold intersection in drill hole
RSC-019 in Antelope Basin suggests the possibility that the main zone of gold
mineralization may trend somewhat to the west of South Stock.

    -------------------------------------------------------- ----------------
                     From       To     Interval     Gold     Interval  Gold
        Hole       (meters)  (meters)  (meters)  grams/tonne   (ft)   oz/ton
    -------------------------------------------------------- ----------------
       RSC-019         3.0      68.6      65.6          0.65      215  0.019
    Antelope Basin ----------------------------------------- ----------------
                      85.3     248.4     163.1          1.25      535  0.036
                   ----------------------------------------- ----------------
             incl.   149.4     199.6      50.2          2.75      165  0.080
                   ----------------------------------------- ----------------
             incl.   167.6     190.5      22.9          4.18       75  0.122
                   ----------------------------------------- ----------------
                     257.6     283.5      25.9          0.33       85  0.010
                   ----------------------------------------- ----------------
                     291.1     306.3      15.2          0.63       50  0.018
                   ----------------------------------------- ----------------
                     315.5     320.0       4.5          1.60       15  0.047
                   ----------------------------------------- ----------------
                *Aggregate Thickness   274.3          0.99    900.0   0.03
    -------------------------------------------------------- ----------------

    -------------------------------------------------------- ----------------
       RSC-021
    Antelope Basin     3.0      45.7      42.7          0.46      140  0.013
    -------------------------------------------------------- ----------------

    -------------------------------------------------------- ----------------
       RSC-026        35.1      76.2      41.1          0.68      135  0.020
    -------------------------------------------------------- ----------------
     North Stock      83.8     163.1      79.3          1.76      260  0.051
    -------------------------------------------------------- ----------------
             incl.   138.7     161.5      22.8          4.78       75  0.139
    -------------------------------------------------------- ----------------
             incl.   147.8     161.5      13.7          7.59       45  0.221
    -------------------------------------------------------- ----------------
                *Aggregate Thickness   120.4          1.39    395.0  0.041
    -------------------------------------------------------- ----------------

    -------------------------------------------------------- ----------------
       RSC-022
     North Stock      56.4     184.4     128.0          1.23      420  0.036
                   ----------------------------------------- ----------------
             incl.    59.4      65.5       6.1          1.45       20  0.042
                   ----------------------------------------- ----------------
             incl.    97.3     129.5      32.2          1.76      105  0.051
                   ----------------------------------------- ----------------
             incl.   121.9     128.0       6.1          3.90       20  0.114
                   ----------------------------------------- ----------------
             incl.   137.2     157.0      19.8          1.80       65  0.052
                   ----------------------------------------- ----------------
             incl.   167.6     181.4      13.8          2.55       45  0.074
                   ----------------------------------------- ----------------
             incl.   176.8     179.8       3.0          6.03       10  0.176
                   ----------------------------------------- ----------------
                     195.1     205.7      10.6          1.02       35  0.030
                   ----------------------------------------- ----------------
                *Aggregate Thickness   138.6          1.21    455.0  0.035
    -------------------------------------------------------- ----------------

    -------------------------------------------------------- ----------------
       RSC-024        36.6      47.2      10.6          0.33       35  0.010
     North Stock   ----------------------------------------- ----------------
                      56.4      68.6      12.2          0.49       40  0.014
                   ----------------------------------------- ----------------
                *Aggregate Thickness    22.8          0.42       75  0.012
    -------------------------------------------------------- ----------------

    -------------------------------------------------------- ----------------
       RSC-023
     South Stock      Low Level Gold
    -------------------------------------------------------- ----------------

    -------------------------------------------------------- ----------------
       RSC-025
     South Stock      Low Level Gold
    -------------------------------------------------------- ----------------

*Explanation of Aggregate Thickness Measurements

The aggregate thicknesses listed in the above table are not continuous intervals. This number is provided to give an indication of the total thickness of gold mineralization intersected in the drill hole using a nominal cutoff of 0.25 gpt Au. This aggregate thickness number is provided for convenience only. It is not an indication of continuity or minability of mineralization. For each drill hole it is a simple summation of the thickness of each primary interval reported in the table, with a weighted average grade for the combined intervals. The material between these reported intervals has an overall average grade below cutoff.

Carlin Project

In its news release (7/31/09) the Company reported that drilling at the Carlin property has intersected visually identified alteration and sulfides in highly host rocks similar to those that host major zones of gold mineralization in the gold deposits in the Carlin Trend. The Company plans to drill wedge holes from the current drill hole, and has started a second drill hole on the property. Assays from the Carlin drilling are still pending and are expected within several weeks. The Carlin property is included as part of an agreement with subsidiary companies of Newmont Mining Corporation.

About Evolving Gold Corp.

Evolving also has eight other gold properties in New Mexico and Nevada including a lease agreement with Newmont Mining Corporation on four prospective gold properties (North Carlin District Properties) located within the prolific Carlin Trend (see press release 12/5/2007).

The Company presently holds approximately $19 million in its Treasury after paying drilling and other exploration costs incurred to date.

In compliance with National Instrument 43-101, Quinton Hennigh, Ph.D., P.Geo, is the Qualified Person responsible for the accuracy of this news release.


    
    On Behalf of the Board of Directors
    EVOLVING GOLD CORP.

    "Robert Barker"
    Robert Barker
    CEO and Director

FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company's actual results and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: results of exploration activities and development of mineral properties, fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the ability to obtain financing, currency fluctuations, general market and industry conditions and other risks disclosed in the Company's filings with Canadian Securities Regulators. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.


    
    Neither TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of this release.

SOURCE: Evolving Gold Corporation

Evolving Gold Corp., Robert Bick, Executive Chairman, robert@evolvinggold.com,
Direct: (604) 685-6375, Toll Free: 1-866-604-3864, www.EvolvingGold.com; Investor
Relations: First Canadian Capital Corp., Leo Karabelas, Tel: (416) 742-5600 ext. 235,
lkarabelas@firstcanadiancapital.com; Senergy Communications Inc., Shiro Rae, Tel:
(778) 331-2097, shiro@senergyir.com; Investors can post questions and receive answers
at the Evolving Gold Corp IR Hub at http://www.agoracom.com/IR/evolving

[Press Release] Evolving Gold Raises $4.9 Million through Warrant Exercises

05 Aug 2009 18:34:00 GMT

VANCOUVER, Aug. 5 - Evolving Gold Corp. (TSXV: EVG) (FSE: EV7) (the "Company") is pleased to announce that in July it received total proceeds of $4,893,988 from the exercise of 7,326,500 warrants into common shares at exercise prices ranging from $0.60 to $1.50. Following this exercise of warrants, the Company has a total of 91,954,558 shares issued and outstanding. An additional 519,825 warrants expired in July without being exercised, and currently 11,253,689 warrants, with exercise prices ranging from $1.25 to $1.50 remain outstanding.

The additional funds derived from this exercise of warrants, coupled with significant pre-existing cash reserves, place the Company in a strong position to continue a major drilling program and other exploration work at the Rattlesnake Hills discovery in Wyoming, to continue drilling and other exploration activities in Carlin, Nevada, and to continue to assess and secure other potential strategic opportunities.

The Company presently holds approximately $19 million in its Treasury after paying drilling and other exploration costs incurred to date.

In addition, Evolving Gold announces that it has completed the acquisition of the Kiyuk gold property in southern Nunavut, Canada comprised of 88 claims and 77,913 ha (192,528 acres). The terms of the agreement call for the payment of $350,000 and 250,000 shares of Evolving Gold stock over a period of five years. An NSR royalty of 2.0% can be bought down to 0.0% with the payment of US$2.0 million for each percentage point of NSR.

About Evolving Gold Corp.

Evolving Gold is focused on its discovery property - Rattlesnake Hills, Wyoming. Evolving has the option to acquire 100% of the Rattlesnake Hills project.

In compliance with National Instrument 43-101, Quinton Hennigh, Ph.D., P.Geo, is the Qualified Person responsible for the accuracy of this news release.

	    On Behalf of the Board of Directors
	    EVOLVING GOLD CORP.

	    _________________
	    Robert Barker
	    CEO and Director

For further information

Evolving Gold Corp., Robert Bick, Executive Chairman, robert@evolvinggold.com, Direct: (604) 685-6375, Toll Free: 1-866-604-3864, www.EvolvingGold.com
Investor Relations: First Canadian Capital Corp., Leo Karabelas, Tel: (416) 742-5600 ext. 235, lkarabelas@firstcanadiancapital.com
Senergy Communications Inc., Shiro Rae, Tel: (778) 331-2097, shiro@senergyir.com
Investors can post questions and receive answers at the Evolving Gold Corp IR Hub at http://www.agoracom.com/IR/evolving

[Press Release] Evolving Gold Drilling Update Rattlesnake Hills and Carlin

31 Jul 2009 17:10:00 GMT

VANCOUVER, July 31 /CNW/ - Evolving Gold Corp. (TSXV: EVG.V) (FSE: EV7) (the "Company") is pleased to report on drilling progress at its Rattlesnake Hills property in Wyoming and its Carlin property in the prolific Carlin Trend in Nevada.

Rattlesnake Hills

20 core drill holes have been completed in the present season's drill program at Rattlesnake Hills, and a further 4 drill holes are currently underway. The company expects to release additional assay results from the Rattlesnake Hills drilling in the next weeks once results are received and interpreted.

The fourth core rig is now drilling on the Rattlesnake Hills property as part of the ongoing exploration program to define the extent of the high grade gold zone and define the boundaries and potential of the larger body of bulk tonnage style halo gold mineralization.

Rattlesnake Hills is an alkalic gold system, similar in geology with the Cripple Creek gold district in Colorado.

Carlin Property

Drilling at the Carlin property has intersected alteration and sulfides in highly favorable host rocks. These rock units are similar to those that host major zones of gold mineralization in the gold deposits in the Carlin Trend.

This drilling is designed to test geophysical results that suggest the presence of favorable host rocks of the Carlin Trend that have not been tested previously by drilling. The Carlin property is included as part of an agreement with subsidiary companies of Newmont Mining Corporation.

    
    -   Drilling has intersected favorable host rocks, visually interpreted
        as Lower Plate rock units similar to those that host the high grade
        gold mineralization in the Carlin Trend.

    -   Abundant fine grained pyrite is present in these units at 2,800 -
        3,000 feet in the drill hole.

    -   Starting at 3,780 feet and continuing to the current bottom of the
        drill hole, approximately 4,000 feet, these favorable units are
        strongly altered (decalcified) and contain abundant arsenic sulfides
        (realgar and orpiment) and lesser amounts of antimony sulfide
        (stibnite) in veinlets and along fractures.

    -   Evolving Gold plans to mobilize a second drill rig to the Carlin
        property, pending discussions with local land owners, local officials
        and regulators.

The Company cautions that these preliminary results are based on visual, field observations. Gold assays are still pending for the drilling at Carlin, with results expected within several weeks. Until such time as assay results are received and released, the observed data should be considered speculative.

Evolving Gold has approximately $19 million in its treasury, sufficient funding to continue to aggressively explore the Rattlesnake Hills project and to expand the drilling program at the Carlin property.

About Evolving Gold Corp.

Evolving Gold is focused on its discovery property - Rattlesnake Hills, Wyoming. Evolving has the option to acquire 100% of the Rattlesnake Hills project.

Evolving also has gold properties in New Mexico and Nevada including a lease agreement with subsidiaries of Newmont Mining Corporation on four prospective gold properties (North Carlin District Properties) located within the prolific Carlin Gold Trend (see press release 12/5/2007).

In compliance with National Instrument 43-101, Quinton Hennigh, Ph.D., P.Geo., is the Qualified Person responsible for the accuracy of this news release.

    
    On Behalf of the Board of Directors
    EVOLVING GOLD CORP.

    -------------------
    Robert Barker
    CEO and Director

Contacts

PLEASE CONTACT: Evolving Gold Corp.
Robert Bick
Executive Chairman
robert@evolvinggold.com
Direct: (604) 685-6375
Toll Free: 1-866-604-3864
www.EvolvingGold.com

Investor Relations: First Canadian Capital Corp.
Leo Karabelas
Tel: (416) 742-5600 ext. 235
lkarabelas@firstcanadiancapital.com

Senergy Communications Inc.
Shiro Rae
Tel: (778) 331-2097
shiro@senergyir.com

Investors can post questions and receive answers at the Evolving Gold Corp IR Hub at http://www.agoracom.com/IR/evolving