February 18, 2010, Vancouver, British Columbia: Evolving Gold Corp. (TSXV: EVG) (FSE: EV7) (the "Company") is pleased to provide an update on its Rattlesnake Hills, WY project.
Evolving Gold has exercised its option to complete the acquisition of 100% of the Rattlesnake Hills Property by issuing 1,000,000 common shares to Golden Predator Mines (US) Inc. ("Golden Predator"), the final payment
of a total of 3,000,000 shares. Golden Predator retains a 0.5% NSR which the Company has the option to buy down to 0.25% for $375,000.
In addition to the 3,070 acres acquired from Golden Predator, the Company has staked an additional 10,500 acres. The total land package controlled by Evolving Gold at Rattlesnake Hills is approximately 13,570 acres or 5,490 hectares.
For further information about the Rattlesnake Hills, WY project:
Evolving Gold Named to Top Ten Mining Group on TSX Venture Exchange
The TSX Venture Exchange has recently named Evolving Gold Corp. as one of the top ten mining companies on the TSX-V and a member of The TSX Venture 50.
"Evolving Gold is an outstanding company and a proven leader in the mining sector. We celebrate their inclusion in the 2010 TSX Venture 50," said John McCoach, President, TSX-V, "and we wish Evolving Gold continued success."
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: 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
FOR MORE INFORMATION, PLEASE CONTACT:
Evolving Gold Corp.
Robert Bick, Executive Chairman
Direct: 604 685 6375
Toll Free: 1-866-604-3864
Senergy Communications Inc.
Tel: 778 331-2095
Investors can post questions and receive answers at the Evolving Gold Corp IR Hub at http://www.agoracom.com/IR/evolving