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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 gold properties adjacent to the Carlin district of Nevada.

Message: Evolving Gold Intersects 67.1 Meters at 10.8 gpt Au at Rattlesnake Hills

Evolving Gold Intersects 67.1 Meters at 10.8 gpt Au at Rattlesnake Hills

posted on Jul 13, 2009 05:24PM

VANCOUVER, July 13 - Evolving Gold Corp. (TSXV: EVG) (FSE: EV7) (the "Company") is pleased to announce an update on the definition drilling at its Rattlesnake Hills bulk tonnage gold deposit in Wyoming.

Rattlesnake is an alkalic diatreme gold system, with similar geology to the Cripple Creek gold deposit in Colorado. Three core drills are currently operating at Rattlesnake to test the extensions of high grade gold mineralization identified in 2008 and to expand the bulk tonnage halo gold mineralization that surrounds the high grade gold. The Company is well funded with approximately$16,000,000 in treasury to aggressively explore this project.

- Drill hole RSC-020 intersected 67.1 meters at 10.8 gpt Au, (220 ft at
0.315 oz/ton) including 36.6 meters at 16.8 gpt Au (120 ft at
0.492 oz/ton). The 36.6 meter interval also contains 12.2 meters at
39.3 gpt Au (40 ft at 1.147 oz/ton) and a single 1.5 meter
intersection of 155 gpt Au (5 ft at 4.526 oz/ton). The aggregate
composite inclusive of the halo gold mineralization is 185.5 meters
at 4.29 gpt Au (610 ft at 0.125 oz/ton).

- The drill results in RSC-020 represent a major extension of the North
Stock high grade gold mineralization at Rattlesnake. The collar of
RSC-020 is approximately 145 meters southwest of RSC-007 (131.1
meters at 2.84 gpt Au, (430 ft at 0.083 oz/ton)) and 210 meters
southwest of RSC-003 (146.3 meters at 2.92 gpt Au (480 ft at
0.085 oz/ton)), which were drilled in 2008. The known strike of the
high grade gold zone is 210 meters. Drilling is currently following
this zone along strike and down dip.

- Drilling in 2008 (15 core holes) indicated a body of mineralization
at North Stock approximately 450 meters along strike, 200 meters
wide, and with a depth of at least 550 meters. Over 40 percent of all
assays within this body were above cutoff (0.25 gpt Au). The average
grade of mineralized intersections above a cutoff of 0.25 gpt Au is
0.96 gpt Au (excluding drill holes RSC-17, RSC-18 and RSC-20).

- The drill results from drill holes RSC-017 and RSC-018 continue to
confirm the presence of an extensive zone of bulk tonnage halo gold
mineralization at North Stock which contains intervals of higher
grades. Drill holes RSC-017 intersected 137.2 meters at 0.87 gpt Au
(450 ft at 0.025 oz/ton) and RSC-018 intersected 48.8 meters at
0.99 gpt Au (160 ft at 0.029 oz/ton), 54.9 meters at 0.81 gpt Au
(180 ft at 0.024 oz/ton) and 120.4 meters at 0.61 gpt Au (395 ft at
0.018 oz/ton).

- Assays from drill hole RSC-016 in Antelope Basin, approximately 725
meters south of North Stock, also confirms long intervals of bulk
tonnage halo gold mineralization (61.5 meters at 0.40 gpt Au (202 ft
at 0.012 oz/ton), 79.2 meters at 0.85 gpt Au (260 ft at
0.025 oz/ton)).

- Geophysical survey results (CSAMT) strongly support a large body of
mineralization extending from North Stock for approximately one
kilometer to the south through Antelope Basin and further to South
Stock. Drilling in 2009 will test the continuity of mineralization
along this trend.

- Metallurgical studies are underway with initial results expected to
be released within the next two months, and an external scoping study
and preliminary resource estimate is pending for Q-1 in 2010.

- North Stock is one of at least ten known alkalic intrusive and
diatreme centers on the Evolving Gold property. Drilling in 2009 will
focus on the North Stock. Preliminary drilling will test Antelope
Basin and South Stock. Evolving Gold will complete mapping and
sampling over other promising targets this year. Evolving currently
holds 3,008 ha (7,433 acres) of federal lode claims and leases from
the State of Wyoming including recent additions to the land holdings
at Rattlesnake.

- The high grade results from RSC-020 will be confirmed by a program of
metallic screen fire assay.

The above drill holes are angle holes designed to drill across the high grade mineralization and associated contact of the diatreme complex. Due to variations in dip, the angle of intersection of the drill hole with the contact and mineralization may be relatively small in some cases. At this time the number of intersections of the high grade mineralization are not sufficient to properly estimate the true width of the intersections. Additional drilling is planned to offset the high grade intersections at intervals of 30-50 meters to allow for an estimate of the true widths of the high grade mineralization.

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.

President and Chief Geologist, Quinton Hennigh comments, "Rattlesnake has many geological similarities to the Cripple Creek deposit in Colorado, where over 20 million ounces were mined from high grade underground operations, and where Anglo Ashanti is currently mining the halo gold mineralization in an open pit with a cutoff of approximately 0.25 gpt Au. This relationship of high grade gold mineralization as an overprint on a much larger zone of halo gold mineralization is typical of the alkalic gold systems. The geophysical results (CSAMT) are really helping us target the main gold zones. They demonstrate that targeting concepts used at Cripple Creek are effective at Rattlesnake as well. The results of our drilling are indicating a major new body of gold mineralization."

From Robert Barker, CEO, "We are very excited about the results from RSC-020. They greatly expand the potential of the high grade gold mineralization. The continued confirmation and expansion of the halo gold mineralization shows the strength of this gold system. Though the grade of gold mineralization in Antelope Basin is relatively low grade, most of the mineralization there appears to be oxidized. This is also very encouraging, as it may well result in very low cost processing. Our drilling at Rattlesnake is demonstrating that this is a very large and robust gold system."

 Rattlesnake Assay Results

From To Length Gold Length Gold
Hole (meters) (meters) (meters) (gpt) (feet) (oz/ton)
RSC-020 North Stock 30.5 111.3 80.3 0.63 265 0.018
121.9 189.0 67.1 10.80 220 0.315
incl 132.6 137.2 4.6 15.59 15 0.455
incl 152.4 189.0 36.6 16.83 120 0.492
incl 160.0 172.2 12.2 39.29 40 1.147
189.0 227.1 38.1 0.52 125 0.015
aggregate composite 185.5 4.29 610 0.125
RSC-020 (High Grade Intervals, Assays Capped at 50.0 gpt Au)
121.9 189.0 67.1 8.38 220 0.245
incl 152.4 189.0 36.6 12.39 120 0.362
incl 160.0 172.2 12.2 25.95 40 0.758
RSC-017 North Stock 48.8 186.0 137.2 0.87 450 0.025
incl 161.5 170.6 9.1 3.86 30 0.113
208.8 214.9 6.1 2.05 20 0.060
248.4 260.6 12.2 0.43 40 0.013
486.2 492.3 6.1 0.86 20 0.025
536.5 545.6 9.1 1.04 30 0.030
aggregate composite 170.7 0.89 560 0.026
RSC-018 North Stock 117.3 166.1 48.8 0.99 160 0.029
incl 153.9 161.5 7.6 4.15 25 0.121
173.7 228.6 54.9 0.81 180 0.024
292.6 304.8 12.2 0.66 40 0.019
324.6 445.0 120.4 0.61 395 0.018
477.0 487.7 10.7 0.64 35 0.019
498.4 515.2 16.8 1.93 55 0.056
incl 498.4 506.0 7.6 3.79 25 0.111
aggregate composite 263.8 0.81 865 0.024
Antelope Basin 34.5 96.0 61.5 0.40 202 0.012
111.3 190.5 79.2 0.85 260 0.025
incl 153.9 163.0 9.1 2.10 30 0.061
aggregate composite 140.7 0.65 462 0.019

In addition, the Company has retained Axemen Resource Capital as a financial consultant. Axemen Resource Capital is a Vancouver based Limited Market Dealer focused on advising and financing junior mining exploration and development companies.

The Company is also pleased to announce that it has entered into a private placement transaction with Golden Predator Royalty and Development Corporation ("Golden Predator") (TSX-V: GPD) for a private placement of$500,000 . The private placement with Golden Predator is a part of the Company's strategic initiative to deploy its capital in near term production opportunities whether directly, or in the case of the Golden Predator opportunity, indirectly, where the management of the project is of a high caliber and have a proven track record. The Company will acquire 1 million units at$0.50 per unit. Each unit is comprised of one share and one warrant exercisable for an additional share at a price of $0.75 for a period of 18 months from the closing.

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 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.

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

   On Behalf of the Board of Directors


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.


For further information: Evolving Gold Corp., Robert Bick, Executive Chairman, [email protected], 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, [email protected]; Senergy Communications Inc., Shiro Rae, Tel: (778) 331-2097, [email protected]; Investors can post questions and receive answers at the Evolving Gold Corp IR Hub at http://www.agoracom.com/IR/evolving

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