Evolving Gold Appoints R. Bruce Duncan to the Board of Directors
May 21, 2010, Vancouver, British Columbia: Evolving Gold Corp. (TSXV: EVG) (FSE: EV7) (the "Company") is pleased to announce the appointment of R. Bruce Duncan to the Board of Directors, effective immediately. This appointment fills the vacancy created by the resignation of Gilles Arseneau, Ph.D. from the Board of Directors, as previously announced on April 22, 2010.
Mr. R. Bruce Duncan
Mr. R. Bruce Duncan brings to the Evolving Gold Board nearly thirty years experience in the capital market and brokerage industry, including eight years with Gordon Capital Corporation. Mr. Duncan is currently the President of West Oak Capital Partners Inc., which provides strategic advisory services, including identifying and qualifying merger and acquisition candidates and advising in public transactions. Mr. Duncan's client base has included financial services, aviation, mining, oil and gas, logistics, and retail industries. Mr. Duncan currently sits on the boards of several private companies and is the President and CEO of Bolero Resources Corp. Mr. Duncan is the former President and CEO of AusPotash Corp., an Australian potash company recently sold. Mr. Duncan has extensive experience advising on corporate takeovers, both friendly and hostile, either by designing and executing effective approaches to acquiring assets or by implementing defensive strategies.
Mr. Duncan joins the Evolving Gold Board as the Company moves into more advanced and intensive exploration programs on its two main properties, Rattlesnake Hills in Wyoming and Carlin in Nevada. Evolving Gold Corp. welcomes Mr. Duncan, and looks forward to the leadership he will provide to the Company and the Board with regard to corporate strategies and merger and acquisition activities.
The Company announces that it has granted 350,000 incentive stock options under the Company's stock option plan to Mr. Duncan exercisable at $0.92 per share for a 5-year period from the date of grant.
About Evolving Gold Corp.
Evolving Gold is exploring its 100 percent owned Rattlesnake Hills project in central Wyoming, an alkalic gold system, similar to the Cripple Creek gold district in Colorado. Evolving Gold is also currently drilling on its Carlin project, in the south portion of the Carlin Trend of northern Nevada.
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: http://www.evolvinggold.com/.
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.
CEO and Director
EVOLVING GOLD CORP.
FOR MORE INFORMATION, PLEASE CONTACT:
Evolving Gold Corp.
Direct: 604 685 6375
Toll Free: 1-866-604-3864
|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).
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