The Toronto Stock Exchange (TSX) Conditionally Approves Listing of the Common Shares of Evolving Gold Corp.

November 15, 2010, Vancouver, British Columbia: Evolving Gold Corp. (TSXV: EVG) (FSE: EV7)(the "Company") is pleased to announce that the Toronto Stock Exchange (TSX)conditionally approved the listing of the common shares of the Company. TheCompany will move its listing from the TSX Venture Exchange (TSXV) to theToronto Stock Exchange (TSX) as soon as the customary final documentation isapproved by the Exchange. The Company will continue to trade under the stocksymbol "EVG" upon listing on the TSX.

"We are extremely pleased to make this move to the Toronto Stock Exchange," says Robert Barker, CEO of Evolving Gold Corp. "This move should facilitate additional investment in Evolving Gold Corp. from institutional investors and should be a significant benefit to our investors as a whole."

About Evolving Gold Corp.

Evolving Gold is focused on exploring its significant gold discovery at Rattlesnake Hills, Wyoming, an alkalic gold system, similar to the Cripple Creek gold district in Colorado, and on four gold properties in and adjacent to the productive Carlin district of northern Nevada, two of which are 100% controlled by Evolving Gold. 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.

The Company has granted 200,000 options to employees at a price of $0.91, vesting over one yearfor a five year term.

For moreinformation about Evolving Gold please visit: www.evolvinggold.com. To receive regular updates or to receive a follow-up call from InvestorRelations please sign up at: http://www.evolvinggold.com/.

On Behalf of the Board of Directors
EVOLVING GOLD CORP.

"Robert Barker"
Robert Barker
CEO and Director

FOR MORE INFORMATION, PLEASE CONTACT:

Investor Relations:
Graham Johnstone
Tel: 778-331-2023

 

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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