VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 25, 2016) - Evolving Gold Corp. (CSE:EVG)(FRANKFURT:EV7)(OTC PINK:EVOGF) (the "Company") announced that it has granted 750,000 incentive stock options to certain directors, officers and consultants of the Company. The options have an exercise price of $0.50 per share, and a term of five years.

About Evolving Gold

Evolving Gold is focused on exploring The Lithium Lakes property in Quebec located about 10 km north of the Route du Nord and between eight and 30 km from Nemaska Lithium's Whabouchi project, and has a total area of 72.5 square kilometres.

On Behalf of the Board of Directors

EVOLVING GOLD CORP.

Robert N. Horsley, Director

Neither Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).

Evolving Gold Corp. Investor Relations 604.685.6375 or TF: 866.604.3864 [email protected]www.evolvinggold.com