Here are some of last month comments:

" Eric Coffin, HRA Dispatch (12/16/10) "Evolving Gold released more results confirming the significance of new testing at the North Stock portion of the Rattlesnake Hills gold project in Wyoming. These have longer sections of good grade that can help the average. As importantly, these recent holes contain grade very near surface. This is important, as it means at least a portion of this zone would have good bottom line potential early in a mining scenario. In other words, the starter zone material we sometimes harp on is being put on the table.

These drill holes in addition to results from the Nevada programs are reviving interest in EVG. That puts it in good stead. Having lagged while others gained should means the company is able to move to the next stage of corporate evolution with limited consolidation. At current prices, we view it as valued in line with what's on the table in Wyoming and thereby able to gain from improvements at any of its projects."



Canaccord Genuity, Morning Coffee (12/14/10) "No rattlesnake bites here. Evolving Gold announced additional assay results from the 2010 core-drilling program at its Rattlesnake Hills project in central Wyoming. Highlights include: Drill hole RSC-141 intersected 332.2m at 1.28 g/t Au, including 42.7m at 3.91 g/t Au and also 16.8m at 7.26 g/t Au. Drill hole RSC-138 intersected 138.7m at 1.15 g/t Au. Drill hole RSC-136 intersected 82.3m at 1.87 g/t Au, including 21.3m at 4.68 g/t Au and also 6.1m at 10.85 g/t Au. Evolving Gold believes these infill drill results better define the higher-grade core zone, with the 332m intersection from hole RSC-141 starting at surface. The company completed a total of 63 core holes in 2010 for a total of ~25,600m. Assays are still pending for 14 drill holes. Of the remaining holes, nine are infill and step-out holes at North Stock and five are infill and step-out holes at Antelope Basin. Evolving has a market cap of $152M."



David Coffin, HRA Journal (12/08/10) "Evolving Gold has wrapped up a busy reporting period with news that its listing is moving from the Venture to the TSX main board. It released some of its best long gold intersections from the Rattlesnake Hills project this month. The holes are from North Stock, and they should have a positive impact on both grade and strip ratio in this target area. Two holes drilled from a new pad through the center of the North Stock located strong vertical continuity. One intersected 405m of 1.31 g/t, including 50.3m at 5.87 g/t gold and the second cut 334m at 1.12 g/t, including 93.0m at 2.68 g/t gold. These are good grades that start a few meters below surface.

EVG is still very active in Nevada. Evolving announced a discovery hole from the 100%-owned Jake Creek project. Hole JC- 005 intersected 45.7m of 0.97 g/t, including 28.9m of 1.33 g/t gold cored on 1.5m of 11.3 g/t. This is a previously unexplored system. EVG has expanded the size of the project and plans to resume drilling early next year. Exploration success on two fronts and the addition of the TSX listing helped continue the uptrend in price EVG established last month."



Eric Coffin, HRA Dispatch (11/27/10) "Evolving Gold has continued to gain price in recent weeks on the back of consistent news flow from its Wyoming and Nevada projects. EVG released further drill results from Rattlesnake Hills, including highlight hole 130, which intersected 178m grading 1.51 g/t gold, including 35m grading 3.9 g/t gold. The bigger market reaction was reserved for a discovery hole from EVG's 100%-owned Jake Creek project in Nevada. Hole JC-005 intersected 45.7m of 0.97 g/t, including 28.9m at 1.33 g/t gold in a previously unexplored system. EVG has expanded the size of the project and plans to resume drilling there early next year. The strength of the reaction to the Jake Creek news is a good indication of where shareholders would like to see the company focus. More discovery holes from ongoing work on its other projects in Nevada could generate more gains"