Neuer Goldrausch

Lawrence Dick is a superstar to his fellow geologists and to investors alike. In his career he has identified 4 major deposits that have created wealth for all involved.

Diese Firma ist erst seit dem 13.06.07 an der TSX handelbar , also ein recht jungfräuliches “GOLDstück“.

Durch das letzte PP (closed 09.08.2007) ist die Kriegskasse ordentlich gefüllt um die Projekte voranzutreiben. Somit sollte für reichlich newsflow in nächster Zeit gesorgt sein.

An diesem PP waren einige bekannte Adressen beteiligt , die teilweise schon vorher erhebliche Anteile der Firma besaßen , wie zb. Pinetree.

Die Zahlen aus dem aktuellen PP: Insiders/pro groups:

Passport Materials Master Fund (insider) 2.3 million;

Pinetree Resource Partnership (insider) 2.5 million;

Sprott Asset Management Inc. (pro group) 1.25 million;

Tocqueville Gold Private Equity Fund (pro group) 1.25 million;

Tocqueville Gold Partners LP (pro group) 1.25 million

Vor diesem PP waren gerade mal 27,805,842 common shares issued and outstanding - hinzu kamen nun 14,05 Mio shares und 7,025 Mio Warrants .

Evolving hat vielverprechende Targets in Nevada , einem der besten Gebiete der Welt wenn es um High Grade Gold geht . Insgesamt ca. 60.000 acres im Südwesten der Vereinigten Staaten . Neueste Errungenschaft ist die Rattlesnake Hills Property – EVG unterzeichnete ein LOI mit Golden Predator Mines Inc. und Golden Predator Mines (US) Inc. ("Golden Predator"). Diese Gebiet liegt auf dem selben Belt und hat eine ähnliche Geologie wie das berühmte Cripple Creek Deposit .

Beginning on the sixth anniversary of the Lease and Sublease, Evolving is required to spend at least $750,000 in exploration expenditures in each Project Area or pay Newmont a rental of $10 per acre for such Project Area, escalating at 5% per year.  The Lease and Sublease contains provisions for a 3% to 5% sliding scale net smelter returns royalty, less any underlying royalties with a minimum of 2%.

With respect to each Project Area, Newmont has retained an option to enter into one or more joint ventures with Evolving and earn a 51% interest in the property by expending 200% of the exploration expenditures made by Evolving, and an additional 19% interest (for a total undivided interest of 70%) by expending an additional 150% of the exploration expenditures made by Evolving.

A brief summary of the exploration lands involved in the Evolving-Newmont agreement are as follows:

BoulderValley

The Boulder Valley project area comprises approximately 10,700 acres of Newmont held surface and mineral rights and 1,600 acres of Newmont held lode claims on Bureau of Land Management lands covering a series of low, rolling hills approximately 2 miles west of the Genesis-Blue Star and Post-Betze mines of the northern Carlin Trend.

Carlin  

The Carlin project area comprises approximately 5,300 acres of Newmont held surface and minerals and 2,200 acres of Newmont held lode claims on Bureau of Land Management lands lying between the Gold Quarry and Rain mines of the Carlin Trend.

Cottonwood Creek  

The Cottonwood Creek project area comprises 1,800 acres of Newmont held lode claims on Bureau of Land Management lands lying approximately 3 miles northeast of the Gold Quarry mine.  The property lies on the northeast flank of the Tuscarora Arch, a north-northwest-trending geologic anticline, directly opposite the Gold Quarry deposit which is situated on the southwest flank. Evolving plans to drill several 300-500m holes, testing for a potential “mirror” of the Gold Quarry deposit.

Sheep Creeks  

Approximately 10,500 acres of Newmont held surface and minerals will be combined with Evolving Gold’s 38,000 acres of staked claims (Battle Mountain property) to form the Sheep Creeks project area.  These lands lie approximately 25 miles north of the town of Battle Mountain, NV.  All of the project area is covered by alluvium and volcanic rocks, but gravity data suggest basement rocks lie at reasonably shallow depth under several blocks.  Evolving geologists believe these gravity anomalies may represent “pieces” of the Carlin Trend rocks that have become disarticulated during Miocene extensional tectonism.  If so, they could represent a large area of un-tested ground.  Evolving plans to drill a series of vertical, 300-500m deep holes in several strategic areas to test this concept.

About Evolving Gold Corp  

Evolving Gold Corp is an emerging exploration and development company focused on building value through the acquisition and exploration of prospective gold properties, primarily in the southwestern United states, and in particular, Nevada, New Mexico, and Wyoming.

Prior to the Newmont Agreement, Evolving had acquired, by staking and option from third parties, approximately 70,000 acres of prospective gold exploration lands. Our objective is to leverage the track record of our experienced and successful team of geosciences and financial professionals towards the goal of discovering new precious metals deposits within the gold-rich districts of the SWUnited States.

For more information on Evolving Gold’s exploration projects and approach please visit

www.evolvinggold.com.

 

“We are extremely excited to have begun drill testing our portfolio of gold prospects in Nevada and New Mexico. 2007 was a year of property acquisition, establishing a portfolio of projects based on sound geological criteria as a foundation towards our goal of discovering potentially world-class gold deposits in one of the world’s most gold-endowed regions. In contrast, 2008 will be a year of drilling and generating news for our shareholders.”

Siesta Gold/Silver Project (Nevada)

Drilling began January 7 at the Company’s 14,000 acre Siesta gold/silver project.  The Siesta property, which was staked and is controlled 100 percent by the Company is located immediately south of the high-grade Sleeper epithermal gold/silver deposit in Humboldt County, Nevada.  It covers approximately 18 kilometers of strike length of favorable host rocks between Sleeper to the north and the new discoveries at Sandman (Fronteer Development Group Inc.) to the south.  Sleeper was the highest-grade epithermal gold deposit discovered in Nevada.  To date, the covered property has been explored by gravity, magnetic, and induced polarization (IP) surveys, and multiple drill targets have been generated, based on structural and alteration criteria.  The reverse circulation drill is currently on site, and ready to initiate the program.  The planned program will include approximately 34 holes on multiple targets as a first phase with holes averaging over 150 meters in depth.

Sheep Creeks (Nevada)

Project  Reverse circulation drilling at the Company’s approximately 50,000 acre Sheep Creeks project, located near the Carlin trend in north-central Nevada, was initiated in late November and is ongoing. The first hole was partially completed to 463 meters but was stopped short of the planned depth of approximately 550 meters due to mechanical problems.  The first hole has been partially twinned and cased by the reverse circulation rig, and will be completed by conventional diamond drilling to the planned final depth.  At least 2,000 additional meters of drilling is planned in the vicinity of the first hole using reverse circulation pre-collaring to depths of 200 to 300 meters and diamond drilling to complete the holes. Both the reverse circulation and diamond drills are currently operating on the property.  The objective at Sheep Creeks project is to assess the Company’s geologic model which anticipates a northern continuation of the prolific Carlin trend of gold deposits.

Malone Gold Project (New Mexico)  

Diamond drilling at the Malone gold project in New Mexico was completed on January 2, 2008.  Approximately 850 meters of drilling were completed in 9 holes, to depths of up to 183 meters.  All holes targeted vein and stock work gold-silver mineralization in crystalline basement rocks, which is exposed at surface and which was mined historically on a small scale.

Fisher Canyon Project (Nevada)  

The first phase of drilling at the Fisher Canyon project, located on the eastern flank of the prolific Humboldt Range in north-central Nevada was completed on December 17, 2007.  A total of approximately 1000 meters were completed in 13 shallow holes ranging between 40 meters and 137 meters deep along a strike length of approximately 500 meters.  The purpose of the shallow drilling was to test a gold-silver-mineralized calcareous shale horizon which was discovered cropping out at surface on the property. Drill samples have been submitted for assay and results are pending.

Other Projects  

Three additional Newmont earn-in properties including Boulder Valley, Carlin and Cottonwood will be drilled during 2008 include the four land packages recently acquired from Newmont Mining Corporation (the “Evolving-Newmont earn-in properties”) in the prolific Carlin trend (see the Company’s news release dated December 5, 2007) and the Rattlesnake gold prospect located in Wyoming.  The Evolving-Newmont earn-in properties include approximately 30,000 acres of exploration ground along the prolific Carlin gold trend.  Also included in the Newmont earn-in properties are approximately 10,500 acres which adjoins the Company’s Sheep Creeks project.  Collectively, the Sheep Creeks property gives the Company the opportunity to test several critical geophysical anomalies that the Company’s geological team suggests may represent “pieces” of the Carlin trend that became dismembered during younger, Miocene-age tectonism.

At the Winnemucca Mountain gold project located in Humboldt County, near the town of Winnemucca, Nevada, Meridian Gold Company has terminated their earn-in agreement with the Company as of December 28, 2007.

About Evolving Gold Corp.     Evolving Gold Corp. is an emerging gold exploration and development company focused on building value through the acquisition and exploration of world class prospective gold prospects in the southwestern United States.  The Company is actively exploring gold properties, primarily in known, producing gold trends in the state of Nevada.  The Company recently signed a letter of intent to enter into an agreement with Newmont Mining Corporation concerning an exploration partnership on four prospective gold properties located within the prolific

Carlin Gold Trend (please see the Company’s press release dated October 2, 2007).

In total, the Company holds over 100,000 acres of exploration lands in Nevada, Wyoming and New Mexico.  In compliance with National Instrument 43-101 (“NI 43-101”)

 

Limited drilling and surface exploration at Rattlesnake was carried out by American Copper and Nickel Company (ACNC) between 1983 and 1987, and subsequently by Newmont Exploration Ltd. between 1993 and 1995. ACNC completed 32 reverse circulation shallow drill holes targeting banded iron formations which occur peripheral to the much younger breccias bodies. Subsequent drilling by Newmont consisted of 14 holes (including two core holes) targeted the diatreme breccias which border one of the alkali stocks, called the North Stock. Gold grades reported by Newmont ranged up to 148 meters averaging 1.44 grams per metric ton (gpt), with higher grade intervals over narrower widths. The mineralization is open to depth, and only a small proportion of the hydrothermal system has been tested.

Evolving believes that the Rattlesnake prospect has been shallowly eroded, and that the limited previous drilling has identified the upper part of a gold-mineralized system preserved at depth. Narrow, higher-grade intersections (up to 10 gpt gold) in the deeper parts of historic drill holes, along with textures and mineralogy of the veins, support this model.

Drilling is planned to begin during the second quarter of 2008.

Read January 18, 2007 Press Release

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Both holes penetrated approximately 350 meters of Miocene-age, unaltered volcanic rocks. At approximately 350 meters depth they entered what is interpreted to be Paleozoic sedimentary rocks which are strongly, hydrothermally altered. Intense pyritization occurs in the form of semi-massive replacements; associated with strong silicification as the matrix of hydrothermal breccias, and as stockwork veining. Silicification and clay alteration are present to the bottom of the reverse circulation hole (463 meters) and is accompanied by geochemically anomalous gold, as well as pathfinder elements commonly associated with Carlin-style mineralization.

The bottom 235 meters of the hole averages 0.23 grams per ton (gpt) gold, with individual 5 foot (1.6 meters) intervals ranging up to 1.56 gpt gold. The core hole is expected to provide a much more accurate sample for actual geochemical content, since the pyrite was largely lost in the cuttings of the reverse circulation hole.

The Company’s geological target is situated approximately 200 meters deeper than the bottom depth (463 meters) of the reverse circulation hole.



Evolving is carrying out an aggressive program of exploration in the region, targeting Carlin-style mineralization.

A preliminary prospectus is currently being prepared and will be filed with Canadian securities regulators. When the final prospectus has been accepted for filing, a record date will be set for the distribution of the dividend-in-kind.

It is anticipated that NewCo will be financed by Evolving in the amount of $5 million by way of convertible debt to meet NewCo’s exploration commitments for the first year.

To provide initial funding for NewCo and to fulfill Evolving Gold’s ongoing exploration program, primarily on the Siesta and Rattlesnake Hills properties, and for general corporate purposes, the Company is pleased to announce that it has entered into an agreement with PI Financial Corp. (the “Agent”) to raise up to $10,000,000 by way of a best efforts private placement (the “Private Placement”).

The Private Placement will consist of the issuance of up to 10,000,000 units (“Units”) at a price of $1.00 per Unit.  Each Unit consists of one common share (“Share”) and one half of one common share purchase warrant. Each whole warrant entitles the holder thereof to purchase one additional Share (a “Warrant Share”) of the Company at an exercise price of $1.50 per Warrant Share for two (2) years from the closing date of the transaction.

The Company will pay the Agent a cash commission of 6.5% of the number of Units sold under the Private Placement. In addition, the Agent will receive agent’s warrants equal in number to 7% of the number of Units sold under the Private Placement, which will entitle the Agent to purchase one Share at an exercise price of $1.25 for a period of two (2) years from closing.

Evolving Gold’s President, Dr. Lawrence Dick, P.Geo., explains, “We believe that our portfolio of gold exploration properties situated along the Carlin gold trend and the large land package we are currently drilling in unexplored terrain between the Carlin and Getchell trends represents some of the highest-potential, untested exploration ground in one of the world’s most prolific gold districts.

“Our landholdings, including four projects being explored under an agreement with Newmont, have been acquired based on innovative geological and geophysical criteria to target additional, world-class gold deposits where they are hidden beneath a veneer of alluvium and young volcanic rocks. These projects, as a package, make for an ideal stand-alone company.

“Evolving Gold will continue to focus on incubating new projects and moving forward with exploration of our large land package south of the high-grade, past-producing Sleeper deposit, where we have recently begun an aggressive drilling program. As well, Evolving will carry out a significant diamond drill program on our recently-signed Rattlesnake Hills gold project in Wyoming, where historic drill intersections indicate excellent potential for the discovery of additional mineralization. Rattlesnake Hills provides Evolving with an advanced exploration project and an opportunity to expand the open resource.

“With the number and quality of projects in our portfolio, I firmly believe that NewCo and the dividend-in-kind transaction is the best way for Evolving shareholders to receive maximize value from our exploration endeavors”.



North Carlin Area Properties



Sheep Creeks (Evolving-Newmont Joint Venture and Evolving Claims)

These lands lie approximately 25 miles north of the town of Battle Mountain, Nevada. Approximately 10,500 acres of Newmont held surface and minerals has been combined with Evolving Gold’s 39,200 acres of staked claims to form the Sheep Creeks project area. Evolving’s land package also includes an additional 9,000 acres of miscellaneous claims in the Sheep Creeks area. All of the project area is covered by alluvium and volcanic rocks, but gravity data suggest basement rocks (which are the host rocks to the region’s most important gold deposits) lie at reasonably shallow depth under several blocks.

Evolving geologists believe these gravity blocks may hold “pieces” of the Carlin Trend that has become disarticulated during Miocene extensional tectonism.  If so, they could represent a large area of untested ground in one of the most prolific gold belts on earth.

Evolving is currently drilling a series of 300-500 m deep, vertical holes in several strategic areas to test this concept. Our first hole, while terminated before reaching its target depth due to technical problems, intersected what are interpreted to be sedimentary rocks underlying a cover of non-altered, much younger volcanic rocks which cover the entire project area. These sediments exhibit extreme hydrothermal alteration and anomalous gold and pathfinder elements (see press release dated January 23, 2008), supporting Evolving’s geological model.



Boulder Valley (Evolving-Newmont Joint Venture)

The Boulder Valley project area comprises approximately 10,700 acres of Newmont-held surface and mineral rights and 1,850 acres of Newmont-held lode claims on Bureau of Land Management lands covering a series of low, rolling hills approximately two miles west of the Genesis-Blue Star and Post-Betze (Barrick and Newmont) mines of the northern Carlin Trend. Gold deposits of this part of the Carlin Trend are situated along the crest and flanks of the Tuscarora Arch, a north-northwest-trending geologic anticline. Gravity data suggest that the hills on the property are underlain by a block of shallowly buried basement rock.

Evolving geologists believe that this gravity block “slid” into its present position after faltering off of the Tuscarora Arch during Miocene crustal extension.  If so, there is a possibility that the same rocks hosting the enormous deposits to the east lie at shallow depth under the property.  Evolving plans to test this conceptual target with a “fence” of evenly spaced, 300-500 m deep, vertical holes across the property.

 

Carlin (Evolving-Newmont Joint Venture and Evolving Claims)

The Carlin project area is situated between the Gold Quarry (Newmont) and Rain mines of the Carlin Trend and comprises approximately 5,300 acres of Newmont-held surface and minerals and 3,070 acres of Newmont-held lode claims combined with a further 1,750 acres of Evolving’s claims.  Although much of this area is covered by a veneer of gravel belonging to the Miocene Carlin Formation, gravity data suggests basement rocks, like those that host the adjacent deposits of trend, lie at shallow depth.  Evolving geologists plan to use the projections of major structures associated with mineralization at nearby deposits, as well as other geologic data, to help develop drill targets on the property.



Cottonwood Creek (Evolving-Newmont Joint Venture)

The Cottonwood Creek project area comprises approximately 2,130 acres of Newmont-held lode claims and lies approximately 3 miles northeast of Newmont’s Gold Quarry mine.  The property lies on the northeast flank of the Tuscarora Arch, directly opposite the Gold Quarry deposit which is situated on the southwest flank.  Evolving plans to drill several 300-500 m holes testing for a potential “mirror” of the Gold Quarry deposit.

Evolving Gold increased brokered private placement to $18 million and announces a $2 million non-brokered private placement



January 25, 2008, Vancouver, British Columbia: Evolving Gold Corporation (the “Company”) has agreed to increase its previously announced brokered private placement. The Company will now propose to issue up to 18.0 million units (including any over-allotment option) at a price of $1.00 per unit for gross proceeds of up to $18.0 million.  All other terms of the brokered offering remain the same as per the January 24, 2008 press release.  PI Financial Corp has agreed to act as agent for this offering, as amended.

Concurrent with the brokered private placement the Company intends to complete a non-brokered private placement of up to 2.0 million units, with such units having the same pricing and terms as the units offered in the brokered private placement.  Gross proceeds of the non-brokered offering will be up to $2.0 million.  A finder’s fee may be payable on a portion or all of the non-brokered offering. It is anticipated that closing of the non-brokered private placement and the brokered private placement will occur simultaneously. All securities issued by the Company in both the brokered and non-brokered private placements will be subject to a resale restriction for a period of four months and one day from the date of closing.

Proceeds from these private placements will be used to finance ongoing drilling and other exploration activities on the Company’s Nevada and Wyoming projects and for general working capital.

The offering is subject to receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

CEO, Robert Bick explains, “The Dividend-in-Kind transaction (news release dated Jan. 24, 2008) and this proposed Shareholder Rights Plan are intended to protect, preserve and maximize shareholder value. While the Rights Plan is not being adopted in response to any proposal to acquire control of Evolving Gold, the Management and the Board of Directors feel it is prudent to create the maximum flexibility in the event of such an eventuality.”

The Rights Plan is subject to approval by the TSX Venture Exchange and will be presented for ratification by the shareholders at the Evolving Gol Special Shareholder meeting to be held by no later than March 20, 2008. If ratified by shareholders, the Rights Plan will have a term of three years.

Evolving’s president, Dr. Lawrence Dick, P.Geo states: “With the Jake Creek and Sheep Creeks areas, Evolving now controls approximately 57,000 acres of exploration ground situated between the Carlin and Getchell gold trends, an area which has been largely excluded from historic exploration and has never before been drilled for large, Carlin-style gold deposits, despite its geographic location between two of the world’s most prolific gold trends. Our results to date from our first hole, the first ever drilled in this area, have given us confidence and enthusiasm for proceeding with a large program of drilling. Evolving plans an aggressive drilling program throughout 2008 to assess the potential for hidden, Carlin-style mineralization beneath an overlying sequence of unaltered Miocene-age volcanic rocks and Quaternary-age alluvium.”

Evolving’s first drill hole on the Sheep Creek Project ground (see press release dated January 23, 2008) penetrated approximately 320 meters of unaltered, Miocene-age volcanic rocks then passed into what the Company believes are Paleozoic sedimentary rocks which are extremely altered and pyritized. The hole had to be abandoned at approximately 463 meters for technical reasons. Within the lowest part of the volcanic sequence, and continuing into the Paleozoic sedimentary sequence, intense pyritization occurs in the form of semi-massive replacements; associated with strong silicification as the matrix of hydrothermal breccias, and as stockwork veining. Silicification and clay alteration is present to the bottom of the reverse circulation hole (463meters). Alteration is of an intensity which makes the original protolith difficult to identify.

A second hole, pre-collared with reverse circulation to approximately 250 meters depth, and located approximately 150 meters west of the abandoned reverse circulation hole, is in progress. It, too, penetrated the strongly brecciated, silicified and pyritized base of the Miocene-age volcanics before entering what is interpreted to be Paleozoic sedimentary rocks which are strongly, hydrothermally altered. These rocks exhibit stockwork silica veining, pervasive silicification and pyritization, strong clay alteration, and display textural features which indicate intense epithermal alteration.

Geochemical results, now returned from the laboratory, for the first reverse circulation hole, show that the alteration is accompanied by geochemically anomalous gold, as well as pathfinder elements commonly associated with Carlin-style mineralization.

The bottom 235 meters of the hole averages 0.23 grams per ton (gpt) gold, with individual 5 foot (1.6 meters) intervals ranging up to 1.56 gpt gold (see press release dated January 23, 2008). The core hole is expected to provide a much more accurate sample for actual geochemical content, since the sulphide minerals were largely lost in the cuttings of the reverse circulation hole. The core hole is planned for a total depth of approximately 700 meters.

Five reverse circulation pre-collared holes have now been completed and cased to a depth which approximates the bottom of the Miocene volcanic sequence, and the diamond drill will systematically drill the bottom sections of the hole from approximately 250 to 700 meters, representing a “fence” of drill holes across approximately 500 meters of target.

A similar program of drilling is planned for the Jake Creek area once weather conditions have improved.

Die Kursentwicklung spricht für sich,Evolving Gold scheint gerade erst Schwung zu holen,sehr interessant,was die Zukunft dieses Unterehmen betrifft.
Im März ist fast durchgehend Roadshow angesagt in Canada,mit Abstecher nach Europa.
Das Management geht mit Plan und Energie voran,überzeugt mit Bohrergebnissen und generell durch das klare Handeln...

In November 2007, the company started drilling at its Sheep Creeks, Nevada project. Sheep Creeks comprises about 48,200 acres at the projected intersection of the Carlin Trend, host to over 100 million ounces gold, and the Getchell Trend, host to over 30 million ounces gold.

The company drilled two holes at Sheep Creeks, both of which penetrated approximately 350 metres of Miocene-age, unaltered volcanic rocks. At that depth they entered what Evolving Gold chief geologist Quinton Hennigh believes are Paleozoic sedimentary rocks that are strongly hydrothermally altered. Silicification and clay alteration are present to the bottom of one of the holes (463 meters) and is accompanied by geochemically anomalous gold, as well as pathfinder elements commonly associated with Carlin-style mineralization.

The bottom 235 metres of the hole averages 0.23 grams per tonne gold, with individual five foot (1.6 metres) intervals ranging up to 1.56 g/t gold.

Hennigh told Resource Investor the Sheep Creeks drill results are the first tangible evidence of possible prospective rocks at reasonable depths.

“We have a lot more work to do to evaluate this buried target, but we are encouraged by what we see so far,” Hennigh said.

Hennigh said Evolving Gold will drill six core holes to depths of 1,500-2,000 feet over the next few months.

Evolving Gold was formed in 2005 by Dick and Canadian businessman Robert Bick. The company hit its stride in mid-2007, when it hired Quinton Hennigh, formerly of Newmont Mining Corp. [NYSE:NEM], as vice president exploration and chief geologist.

With Hennigh on board, Evolving Gold has gone into high gear. In June 2007, the company staked over 63,000 acres in four properties in Nevada – Siesta, Alpha Butte, Fisher Canyon and Jake Creek – and began trading on the TSX Venture exchange. In October it started a diamond drilling program at the Malone gold prospect in New Mexico.

In December, Evolving Gold concluded a leasing agreement with Newmont Mining on four properties on the Carlin Trend, Nevada – the Boulder Valley, Carlin and Cottonwood Creek properties – plus additional claims in the Sheep Creeks area. Taken together, the properties add up to more than 32,000 acres.

According to the terms of the agreement, Evolving Gold must spend US$3.5 million over five years on each property to earn a 100% interest. Newmont has the right to earn back a 51% interest by spending 200% of Evolving Gold's expenditures and a further 19% by spending an additional 150% of the other company's expenditures.

In January, Evolving Gold announced it was transferring its North Carlin properties to a wholly-owned subsidiary (NewCo). The properties in question include the Newmont lease properties and Evolving Gold's 100%-owned claims in the North Carlin area. According to the spin-out plan, each shareholder will receive one share and one full warrant of NewCo for every three Evolving Gold shares held at the record date, which is to be determined.

Dick told RI that Evolving Gold is creating NewCo to protect its shareholders.

“We're quite confident that we'll make a discovery on the Newmont lease properties,” Dick said. “The directors of the company believe [the spin-off] will allow Evolving Gold's shareholders to realize the full market value of the Carlin Trend projects [while participating in] Evolving's other properties.”

In January the company announced a shareholders rights plan. CEO Robert Bick said the plan was not being adopted in response to a particular proposal to acquire control of the company, but “management and the board of directors feel it prudent to create the maximum flexibility in the event of such an eventuality.”

Also in January the company announced a brokered private placement of C$18 million and a C$2 million non-brokered private placement.

“We have enough cash now for two years of drilling,” Dick told Resource Investor.

Evolving Gold's share price has increased more than six-fold since mid-2007. From C$0.35 in September, it has risen to C$2.00 (as of 19 February).

The company has a market cap of C$78.5 million. There are 47.6 million shares outstanding, fully diluted 78.9 million. Cash on hand is C$4.5 million.

The Company paid the Agent a commission of $4,500 and 1,165,500 Units, which in combination is equal to 6.5% of the gross proceeds of the Units sold under the Brokered Private Placement. In addition, the Agent received 1,260,000 agent’s warrants, equal in number to 7% of the number of Units sold under the Brokered Private Placement, which will entitle the Agent to purchase one Share at an exercise price of $1.25 per Share until February 27, 2010.

Non-Brokered Private Placement

The Non-Brokered Private Placement consisted of the issuance of 2,000,000 units (“Units”) at a price of $1.00 per Unit.

Each Unit consisted of one common share (“Share”) and one-half of one common share purchase warrant.

Each whole warrant entitles the holder thereof to purchase one additional Share (a “Warrant Share”) of the Company at an exercise price of $1.50 per Warrant Share until February 27, 2010.

The Company paid seven finders an aggregate commission of $39,130.00 and 62,790 Shares.

In addition, the finders received an aggregate of 109,760 non-transferable finder’s warrants, which will entitle the finders to purchase one Share at an exercise price of $1.25 per Share until February 27, 2010.

The securities issued under the Brokered Private Placement and the Non-Brokered Private Placement are subject to a four month hold period which will expire on June 28, 2008.

 

About Evolving Gold Corp.  

Evolving Gold Corp. is an emerging gold exploration and development company focused on building value through the acquisition and exploration of world class prospective gold prospects in the southwestern United States. The Company is actively exploring 9 separate gold properties, primarily in known, producing gold trends in the state of Nevada. Evolving has recently completed first rounds of drilling at the Malone (NM) and Fisher Canyon (NV) gold prospects (assays pending) and is currently drilling at their large Sheep Creeks (Carlin District) and Siesta (Sleeper District) gold prospects which Evolving has acquired by staking in north-central Nevada.  In total, Evolving holds over 90,000 acres of exploration lands in Nevada, Wyoming and New Mexico.

For more information visit www.evolvinggold.com.

On Behalf of the Board of Directors  EVOLVING GOLD CORP.  “Robert Bick”  Robert Bick  CEO and Director

FOR MORE INFORMATION, PLEASE CONTACT:

Evolving Gold Corp. Robert Bick, CEO robert@evolvinggold.com Direct (604) 639-0430  Toll Free 1-866-604-3864  www.evolvinggold.com

Hi,

Hat Evolving gold schon NI-43-101 konforme Resourcenschätzungen vorzuweisen (inferred,indicated,measured)?

"In November 2007, the company started drilling at its Sheep Creeks, Nevada project. Sheep Creeks comprises about 48,200 acres at the projected intersection of the Carlin Trend, host to over 100 million ounces gold, and the Getchell Trend, host to over 30 million ounces gold."

Das wären 130 Mio.Unzen! Und damit müsste Evolving gold weitaus höher stehen als Novagold oder Exeter Resources !

MFG
Chali

Das mit den 130 Mio. Unzen ist natürlich ein witz,Evolving hat garnichts,nottin' at all !

Viel glück!

In the Sheep Creeks area, Evolving controls over 50,000 acres of land which has been acquired primarily by staking. The Company’s concept is that beneath the unaltered Miocene volcanic cover, Paleozoic-age sediments, of the same age and lithology to those which host the major gold deposits of the Carlin and Getchell gold trends, may potentially be preserved close enough to surface to be drilled and explored. The concept, which addresses the potential for the continuation of the prolific Carlin trend of gold deposits, has as its basis a structural analysis of the region based to a large degree on gravity data. This entire area, which lays between the prolific Carlin and Getchell gold trends, has seen almost no previous drilling.  The closest historic drill hole to Evolving’s current drilling is at least 10 kilometers distant.

The first Evolving reverse circulation hole, (SCR-1), which is vertically inclined, reached a depth of 1480 feet (463 meters) before being abandoned due to technical reasons. A twin hole, drilled with a diamond drill, (SCD-2), was collared nearby the terminated reverse circulation hole, and was planned to reach a target depth of approximately 650 meters. SCD-2 also encountered technical difficulties and was terminated at 1230 feet (375 meters).

Both holes penetrated approximately 350 meters of Miocene-age, unaltered volcanic rocks. At approximately 350 meters depth they entered an approximately 20 meters thick zone of intensely pyritized and silicified intermediate volcanic rocks, interpreted by the Company to represent the base of the Miocene volcanic sequence in this area.

From 370 meters (approximately) both SCR-1 and SCD-2 entered a sequence of intensely silicified, fractured and brecciated fine-grained sedimentary rocks, although specific intervals with volcanic-like textures are also observed. Over broad areas, the degree of alteration, and sulphide-quartz veining and replacement has rendered the protolith difficult to identify without planned, future petrographic studies.

The bottom 235 meters of the SCR-1, (all assays have been returned), averages 0.23 grams per ton (gpt) gold, with individual 5 foot (1.6 meters) intervals ranging up to 1.56 gpt gold (refer to press release dated January 23, 2008). Thus, the first hole within the Company’s large land holdings showed the underlying strata to be intensely hydrothermally altered and anomalously gold-bearing.

SCD-2, which terminated at 375 meters, penetrated only a small section of what the Company interprets to be potentially sedimentary basement strata. However, it, too, has returned geochemically-anomalous gold and pathfinder elements from the heavily pyritized basal section of the Miocene volcanic sequence. For example, between 321.3 and 375 meters, gold values range from less than detection to a high value of 4.8  gpt  over 1 meter intervals. Significant values include 4 meters grading 1.69 gpt gold which includes a 2 meter interval of 3.12 grams per ton gold. It is important to emphasize that the hole was terminated approximately 300 meters above the target depth, where the Company expects calcareous sedimentary strata to be intersected. Multi-element geochemical analyses have all been returned for the first reverse circulation hole and the significance of the “pathfinder” element anomalies which accompany gold and alteration in the hole has been discussed previously (see press release dated January 23, 2008).

SCD-3 is located approximately 120 meters SW of the first sites. This hole is currently at a depth of 506 meters. The first 300 meters penetrated unaltered Miocene volcanic, becoming highly pyritized, silicified and altered between 300 and 325 meters. At approximately 325 meters onwards, the rocks are dominated by intensely silicified rocks including what the Company believes were of sedimentary protoliths. Occasionally, units which resemble highly-altered volcanic rocks are also noted. Moderate fracturing, brecciation, and pyritization accompany the siliceous alteration. Dark-colored andesite dykes are also occasionally present. From 457 to 483 meters (26 meters), silty sediments have undergone silicification and brecciation while the degree of sulphidization as cross-cutting veins and disseminations increases significantly. Barite is also noted in this interval. At 483 meters, the hole entered brecciated, sulphidized, and occasionally dolomitized limestone. In places the limestone is intensely silicified, and can exhibit laminated, bioturbated textures. Drilling will continue until a depth of 600 to 700 meters.

Photographs of drill core from Evolving’s third hole can be viewed on the Company’s web site at evolvinggold.com/properties2/sheep-creeks/sheep-creeks-photos/.

Dr. Quinton Hennigh, Ph.D., Vice President of Exploration states: “Our Sheep Creeks project consists of approximately 80 square miles of exploration ground staked to date. It is significant to me that a scientifically-based program, combined with a business environment that supports imaginative exploration, has resulted in the identification of highly-altered, mineralized strata in our first few holes, including highly-anomalous gold values from the first two holes which were terminated short of the target depth. Regarding our latest hole, which is still in progress, and has yet to be assayed, I have yet more confidence that the original premise for our program in the area - that potentially mineralized strata lie at reasonable depth beneath relatively shallow overburden - is correct”.

Drill core from RCD-3 is currently being logged and sampled, and will be dispatched to ALS Chemex Labs in Elko, Nevada for sample preparation. All previous and current geochemical analyses are carried out ALS Chemex in North Vancouver, B.C.

Evolving Shareholders Approve Shareholder Rights Plan

March 25, 2008, Vancouver, British Columbia:

The Directors of Evolving Gold Corp. (TSX-V:EVG) (OTCBB: EVOGF) (FSE:EV7) (“Evolving”) announce that its shareholder rights plan (”Rights Plan”), which was adopted by its directors on January 23, 2008, has been approved by its shareholders at the special meeting held on March 20, 2008.

The Rights Plan is designed to encourage the fair treatment of shareholders in connection with any take-over bid or similar proposal to acquire common shares of Evolving and will provide the board of directors and Evolving Gold’s shareholders more time to evaluate any unsolicited take-over bid and, if appropriate, to seek out other alternatives to maximize shareholder value.

The Rights Plan was not adopted in response to, or in anticipation of, any known proposal to acquire control of Evolving.

The Rights Plan will expire at the end of the third annual general meeting of the Company’s shareholders following this approval, unless renewed by the shareholders.

The Rights Plan has been implemented and is in effect as of January 23, 2008 pursuant to the terms and conditions of a Shareholder Rights Plan Agreement between Evolving and Pacific Corporate Trust Company, as rights agent.

The complete text of the Rights Plan is available on SEDAR at www.sedar.com.  

About Evolving Gold Corp.  

Evolving Gold Corp. is a gold exploration company focused on building value through the acquisition and exploration of prospective gold deposits in the southwestern United States.

The Company is actively exploring 9 separate gold properties, primarily in known, producing gold trends in the state of Nevada.  Evolving has entered into a lease agreement with Newmont Mining Corporation on four prospective gold properties located within the prolific Carlin Gold Trend (see press release dated December 5, 2007).

In total, Evolving holds over 90,000 acres of exploration lands in Nevada, Wyoming and New Mexico.

The Company is currently drilling at their North Carlin District Properties (Sheep Creeks and Boulder Valley) and at their Sleeper District Project (Siesta) in Nevada.

It has recently completed first rounds of drilling at the Malone Gold/Silver Project (NM) (See press release dated March 4, 2008) and Fisher Canyon (NV) (See press release dated February 1, 2008).

Evolving recently announced the signing of a definitive agreement to acquire 100% of the Rattlesnake Hills Diatreme Complex in Wyoming (see press release dated January 18, 2008).

For more information visit

www.evolvinggold.com.  

On Behalf of the Board of Directors  EVOLVING GOLD CORP.

Robert Bick  CEO and Director  FOR MORE INFORMATION, PLEASE CONTACT:

Evolving Gold Corp. Robert Bick, CEO robert@evolvinggold.com Direct (604) 639-0430 Toll Free 1-866-604-3864 www.evolvinggold.com

Dr. Hennigh comments, “Modern gold exploration requires a sophisticated and diverse team of geoscientists. We have assembled multi-talented scientists with over 200 years of collective experience. As we move into intensive drilling, it is critical to use the most up-to-date scientific techniques. I am confident our geoscience team has the right mix to discover economically-significant gold deposits.”

Mr. Herrick Lau, BBA, MA, CFA will assume the position of Interim Chief Financial Officer from retiring CFO, Mr. Donald Gee, CA who will serve as non-management Director of Evolving Gold.

About Evolving Gold Corp.  

Evolving Gold is actively exploring 9 separate gold properties, primarily in known, producing gold trends in the state of Nevada. In total, Evolving holds over 90,000 acres of exploration lands.  Evolving has entered into a lease agreement with Newmont Mining Corporation on four prospective gold properties located within the prolific Carlin Gold Trend (see press release dated December 5, 2007). Evolving recently announced the signing of a definitive agreement to acquire 100% of the Rattlesnake Hills Diatreme Complex in Wyoming (see press release dated January 18, 2008).

The Company has three drills operating (moving to four drills in the next 60 days) at their North Carlin District Properties and at their Sleeper District Project in Nevada.

It has recently completed first rounds of drilling at the Malone Gold/Silver Project (NM) (see press release dated March 4, 2008) and Fisher Canyon (NV) (see press release dated February1, 2008).  With $25,000,000 in cash in the Treasury, Evolving Gold is adopting an aggressive drilling and acquisition strategy.

For more information visit

www.evolvinggold.com.    

 

Threadbeginn heftig unter Wasser, das kannste also auch nicht. ;)  

nicht der Talk um zu pöbeln !

Angesichts deiner Art & Weise,drängt sich aber schon die Frage auf,wie jemand,der sich nicht unter Kontrolle zu haben scheint,das oftmals nötige Maß an Nüchternheit, weitesgehendst frei von Emotionen,aufbringen soll um die richtigen Entscheidungen zu treffen.

Und falls du in Sachen Explorer, Start-Ups oder generell noch neu sein solltest:
Das sind,was mich betrifft immer nur Infos,Vorstellungen von Aktien -- niemals Kaufempfehlungen !
Wenn ich investiert,wie bei KOBEX tue ich das kund,ansonsten bedeutet ein Thread nicht automatisch,daß ich investiert bin.

Wer aus Infos waas schließlich macht ist jedermanns eigene Sache...
So Do Your Own Job -- nicht andere denken laßen !

Evolving Gold Corp Announces $1 Million Private Placement with Golden Predator Mines    

April 15, 2008, Vancouver, British Columbia:  

Evolving Gold Corp. (TSX-V: EVG) (OTCBB: EVOGF) (FSE:EV7) (the “Company”) is pleased to announce that it has entered into a non-brokered private placement for $1,000,000 (the “Private Placement”).

This Private Placement fulfills an agreement with Golden Predator Mines (US) Inc. as previously announced ­­­­(see News Release dated August 7, 2007) allowing Golden Predator to participate in Private Placements by the Company.

Proceeds from the Private Placement will be used for the drilling program at the Company’s Rattlesnake Hills Diatreme Complex in Wyoming commencing early summer 2008.

The Private Placement consists of the issuance of 1,000,000 units (“Units”) at a price of $1.00 per Unit.  Each Unit consists of one common share (“Share”) and one-half of one common share purchase warrant. Each whole warrant entitles the holder thereof to purchase one additional Share (a “Warrant Share”) of the Company at an exercise price of $1.50 per Warrant Share for twelve (12) months.

There are no finder’s fees payable on this transaction.  All securities issued by the Company in Private Placement will be subject to a resale restriction for a period of four months and one day from the date of closing.  The Private Placement is subject to receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

The Rattlesnake Hills are host to an Eocene alkaline volcanic field covering about 100 square miles and is part of the greater Rocky Mountain “alkalic” gold province stretching from British Columbia to northern Mexico. Other such volcanic complexes in this belt host such large gold deposits as Cripple Creek-Victor, Colorado, Zortman-Landusky, Montana and Ortiz, New Mexico. Of all the known alkaline volcanic centers in this belt, Rattlesnake Hills is the least explored.

About Evolving Gold Corp.

Evolving Gold is actively exploring 9 separate gold properties, primarily in known, producing gold trends in the state of Nevada. In total, Evolving holds over 90,000 acres of exploration lands.

Evolving has entered into a lease agreement with Newmont Mining Corporation on four prospective gold properties located within the prolific Carlin Gold Trend (see press release dated December 5, 2007). Evolving recently announced the signing of a definitive agreement to acquire 100% of the Rattlesnake Hills Diatreme Complex in Wyoming (see press release dated January 18, 2008).

The Company has drills operating at their North Carlin District Properties and at their Sleeper District Project in Nevada. It has recently completed first rounds of drilling at the Malone Gold/Silver Project (NM) (see press release dated March 4, 2008) and Fisher Canyon (NV) (see press release dated February 1, 2008).

Evolving Gold is continuing its aggressive drilling and acquisition strategy.

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

On behalf of Evolving Gold Corp.,

Robert W. Barker, Ph.D., P.Geo

Senior Geologist

FOR MORE INFORMATION, PLEASE CONTACT:

Evolving Gold Corp.

Robert Bick, CEO

robert@evolvinggold.com

Direct: 604 685 6375

Toll Free: 1-866-604-3864

www.EvolvingGold.com

OR

Renmark Financial Communications Inc

Christopher Wells: cwells@renmarkfinancial.com

James Buchanan:

Tel.: (514) 939-3989

Fax: (514) 939-3717

www.renmarkfinancial.com

OR

Excelsior Communications Inc.

Miranda Bradley, Managing Partner

miranda@excelsiorcommunications.com

Direct (416) 996-0238 www.excelsiorcommunications.com

Evolving Gold appoints new CFO


By: Liezel Hill
Published on 9th June 2008

Vancouver-based exploration firm Evolving Gold has appointed Vitaly Melnikov as CFO, effective immediately, the company announced on Monday.

He replaces Herrick Lau, who was appointed interim CFO when Donald Gee retired earlier this year.

Melnikov recently served as finance and administration VP of UrAsia Energy, which was bought by uranium-miner Uranium One last year.

He has also held financial management positions with PetroKazakhstan, and Kumtor Operating Company.

Evolving Gold is exploring for the yellow metal on several properties in Nevada, in the US.

Der Silberpreis bricht ein (aktueller Preis 16,57 $/oz, Vortag 17,10 $/oz). Platin gibt weiter nach (aktueller Preis 2.011 $/oz, Vortag 2.035 $/oz), Palladium bleibt vernachlässigt (aktueller Preis 424 $/oz, Vortag 428 $/oz). Die Basismetalle zeigen sich uneinheitlich. Zink gibt weitere 2,3 % nach. Nickel erholt sich um 4,2 %.


Der New Yorker xau-Goldminenindex bricht um 4,5 % oder 8,2 auf 176,9 Punkte ein. Bei den Standardwerten verlieren Kinross und Agnico Eagle jeweils 7,4 %, Barrick 6,8 % sowie Goldcorp und Yamana jeweils 6,6 %. Bei den kleineren Werten fallen Novagold 9,5 %, Gabriel 8,7 %, Petaquilla 7,5 % und Apollo 6,7 %. Detour kann um 4,0 % zulegen. Bei den Silberwerten geben Coeur d’Alene 7,4 %, Silver Standard 6,9 %, Hecla 6,4 % und Pan American 6,2 % nach.

Die südafrikanischen Werte zeigen sich im New Yorker Handel schwächer. DRD Gold verlieren 8,3 % und Harmony 6,8 %.


Die australischen Goldaktien entwickeln sich heute morgen erneut schwächer. Bei den Produzenten verlieren Tribune 10,1 %, Sino Gold 7,6 % sowie Norton und Resolute jeweils 7,1 %. Intrepid kann gegen den Trend um 6,1 % zulegen. Bei den Explorationswerten bricht Austindo 31,8 % ein. Westonia ziehen 11,5 % und Legend 9,3 % an. Bei den Basismetallwerten verliert Perilya erneut 6,6 %.


Westgold

Unsere Edelmetallhandelsfirma Westgold (www.westgold.de) verzeichnete am Dienstag ein rückläufiges Auftragsvolumen. Im Goldbereich wurden kleinere Mengen 1 oz Krügerrand, 1 oz Maple Leaf, 1 oz Australian Nugget, 1 oz Am. Buffalo, 1 oz Panda, Münzen der Lunar-Serie, deutsche Goldmünzen sowie unsere Sonderaktion 1/10 oz Krügerrand geordert. Im Silberbereich wurden einige größere Orders für 1 oz Maple Leaf, 1 oz American Eagle, 1 oz Philharmoniker und die australischen 1 kg-Münzen abgegeben. Unsere Preisliste und Hinweise zu Sonderaktionen finden Sie auf www.westgold.de.


Analyse

09.06.08 Croesus (AUS, Kurs 0,038 A$, MKP 17,8 Mio A$) meldet für das Märzquartal keine Aktivitäten. Seit dem 09.05.08 wird die Aktie wieder gehandelt. Am 30.04.08 stand einem Cashbestand von 2,3 Mio A$ eine Kreditbelastung von 0,5 Mio A$ gegenüber. Croesus plant 350.000 A$ in die Exploration ihrer Projekte zu investieren. Croesus verfügt über einen Verlustvortrag in Höhe von 106,1 Mio A$, der eventuell genutzt werden könnte.

Beurteilung: Mit einer Börsenbewertung von 17,8 Mio A$ ist Croesus im Hinblick auf die geplanten Explorationsaktivitäten und dem Cashbestand von netto 1,8 Mio A$ deutlich überbewertet. Ob die Verlustvorträge aktiviert werden können, ist nicht absehbar. Da wir keine vernünftige Perspektive für Croesus erkennen können, stellen wir die Aktie zum Verkauf und streichen die Aktie von unserer Beobachtungsliste.

Empfehlung: Verkaufen, aktueller Kurs 0,038 A$. Croesus wird auch an verschiedenen deutschen Börsen notiert (vgl. Meldung vom 15.03.08).


Hotstocks Gold

 

http://www.ariva.de/...ramme_eroeffnen_enormes_Kurspotenzial_c3380410

          §    -   The main porphyry target will be tested with additional drill holes.
          §    -   Drilling is expected to be 45% extensions of known zones and 65%
          §        exploration of new zones.
          §    -   Approximately 40 new drill pads are planned at North Stock, Antelope
          §        Basin and five exploration targets.
          §    >>

          §    Rattlesnake Hills - Insights from Drilling to Date

          §    <<
          §    -   Drilling to date has defined a large volume of bulk halo
          §        mineralization with high gold grades along structures.
          §    -   The North Stock system is open along strike to the NE and SW, and
          §        appears to bend to the NW as it wraps around a phonolite plug and is
          §        open at depth. High grades in several holes continue to depths in
          §        excess of 250 m.
          §    -   North Stock was drilled as a bulk tonnage target with drill spacing
          §        too wide to adequately define the high grade structures and veins.
          §        However, a core area within the halo mineralization, roughly 250 m
          §        long, 100 m wide and persisting to at least 300 m depth, is the focus
          §        of drill intersections with grades typically in excess of 2 gpt Au.
          §    -   The higher grade zone at Antelope Basin dips shallowly to the NW and
          §        is open along strike to the SW, NE and at depth. Numerous intercepts
          §        of mineralized porphyry dikes, especially to the SE of North Stock,
          §        are interpreted as indicating an exploration target of a gold
          §        porphyry at depth in this area. There is growing information
          §        connecting the gold porphyries to the higher grade mineralization at
          §        North Stock. The Company interprets the mineralized porphyries as
          §        potentially major drivers for the gold mineralization at Rattlesnake
          §        Hills. The Company plans to test this target with 3-4 deeper core
          §        holes in 2010.The geophysical program during summer of 2009,
          §        especially CSAMT, coupled with surface mapping and sampling,
          §        indicates the system may be larger and more complex than previously
          §        believed with additional exploration targets identified that have
          §        received no drilling to date.
          §    -   For more information about Rattlesnake Hills, please click
          §    >>
          §    evolvinggold.com/wp-content/themes/zen-min/...ies/rattlesnake-
prop.php

          §    Rattlesnake Hills - 43-101 Technical report

          §    The company has contracted AMEC, a major engineering consulting firm, to
complete a revised technical report and a 43-101 compliant resource estimate,
with expected completion in May, 2010. This will be the first resource ever
reported at Rattlesnake Hills, and will quantify drilling progress to date on
the project, which remains wide open for significant expansion.

          §    Final Option Payment on Rattlesnake Hills

          §    Evolving Gold has exercised its Rattlesnake Hills Option in full to
complete the acquisition of 100% of the Rattlesnake Hills Property. The total
land package controlled by Evolving Gold at Rattlesnake Hills is approximately
13,570 acres or 5,490 hectares.

          §    Carlin Project - Drilling Program

          §    Drilling has been initiated at the Carlin project in Nevada. Evaluation
of the cost and risks of drilling wedge holes off the existing CAR-007 drill
hole has led the management of Evolving Gold to focus additional drilling on
new offset drill holes, using the traditional rotary pre-collar approach. Two
new precollars are planned as 200 meter offsets from the CAR-007 drill hole,
which intersected high grade gold in favorable Lower Plate units, as
previously reported (see 2/25/10 news release), including 18.3 meters at 11.7
gpt Au (60 feet at 0.340 opt Au) starting at 928 meters (3,045 feet). For more
information about Carlin, please click
evolvinggold.com/wp-content/themes/zen-min/.../carlin_1024.php
          §    Quinton Hennigh, President and Chief Geologist, comments, "We are very
excited about the high grades intersected in CAR-007. 200 meters is a major
offset in a system such as this. Though we believe that we have identified a
major new zone of gold mineralization in a previously under-explored portion
of the Carlin Trend, it will take a considerable amount of work to start to
understand the full size potential of this system."

          §    Axino

          §    As part of a program to expand its shareholder base in Europe, the
Company has, subject to regulatory approval, retained AXINO AG ("AXINO") to
provide investor relations services in Germany and other European countries.
AXINO will be responsible for maintaining timely contact with Evolving Gold's
shareholders, potential investors and investment community professionals.
AXINO will receive compensation of EUR 30,000 for an initial term of twelve
months starting March 15, 2010. The contract may be terminated by either party
after 6 months. The Company has granted 150,000 stock options to Axino AG,
exercisable at a price of CDN $0.94 per common share for the lesser of; a
period of 5 years expiring on April 11, 2015, or until one month after
termination of the contract between the Company and Axino. These stock options
have the following vesting schedule: 1/3 after 6 months, 1/3 after 9 months,
and 1/3 after 12 months.
          §    AXINO AG (www.axino.com) is a privately owned full-service
investor relations firm based in Stuttgart, Germany. It specializes in
representing resource sector companies that wish to obtain investor exposure
and develop a shareholder following in the European financial markets with a
special focus on the German speaking financial communities. AXINO's clients
include, among others, Agnico-Eagle Mines Ltd., Endeavour Silver Corp.,
Monument Mining Limited, Tiger Resources Limited and Yukon-Nevada Gold Corp.

          §    Agoracom

          §    Evolving Gold has terminated its contract with Agoracom Investor
Relations Corp.

          §    About Evolving Gold Corp.

          §    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 and on five gold properties in and adjacent to
the productive Carlin district of northern Nevada. Evolving Gold has acquired
100% of the Rattlesnake Hills project.
          §    In addition to its wholly owned properties in Nevada, the Company has a
lease agreement with subsidiaries of Newmont Mining Corporation on four
prospective gold properties (North Carlin District 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:
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
          §    >>