Evolving Gold Corp. Appoints R. Bruce Duncan as CEO

February 23, 2012, Vancouver, British Columbia: Evolving Gold Corp. (TSX: EVG) (FSE: EV7) (the "Company") announces that R. Bruce Duncan will succeed William (Bill) Gee as Chief Executive Officer (CEO) of the Company, effective February 22, 2012.

The Board of Directors of Evolving Gold Corp. has appointed R. Bruce Duncan to the position of Chief Executive Officer (CEO) of Evolving Gold Corp., effective February 22, 2012. Mr. William (Bill) Gee, has stepped down from the Board of Directors of the Company and from the post of CEO to pursue other opportunities in the mining sector. The Board of Directors of the Company thanks Mr. Gee for his loyal and supportive work for the Company and wish him well in his future business activities.

As the new CEO of the Company, Mr. Duncan brings over thirty years of experience in the capital markets and brokerage industry. 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 on public transactions. Mr. Duncan was instrumental in leading the spinout of the Kiyuk resources from Evolving Gold into Prosperity Goldfields Corp., and has led the pending amalgamation of Prosperity Goldfields Corp. with Smash Minerals Corp. (subject to shareholder approval). Mr. Duncan currently serves as a Board Member for a number of public companies, and he has been a Board Member of Evolving Gold Corp. since May 2010, and was heavily involved in the last financing for the Company. Mr. Duncan has extensive experience advising on corporate takeovers, both friendly and hostile, designing and executing effective approaches to acquiring assets, and implementing defensive strategies.

Mr. Duncan brings a strong understanding of the markets, financing, and corporate mergers and amalgamations. This experience will be extremely valuable to the Company as it moves forward with exploration on its large land position in Nevada, and continues to monitor developments at its Rattlesnake Hills gold project in Wyoming, which was recently joint ventured with Agnico Eagle. He will continue as an executive member of the Board of Directors of the Company.

About Evolving Gold Corp.
Evolving Gold is focused on exploring the 100% controlled Jake Creek Project, the Carlin Project, and the 100% controlled Humboldt Project, all in Nevada. The Rattlesnake Hills gold Project in Wyoming, an alkalic gold system similar to the Cripple Creek gold district in Colorado, was recently joint ventured with Agnico Eagle. Agnico Eagle completed an extensive exploration program at Rattlesnake Hills during the 2011 field season. 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://evolvinggold.com/s/informationrequest.asp.

On Behalf of the Board of Directors
EVOLVING GOLD CORP.


"Robert Barker"
Robert Barker
Director

FOR MORE INFORMATION, PLEASE CONTACT:

Investor Relations:
Rory Quinn
Tel: 604.630.0792
TF: 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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