Mr. Bruce Duncan reports

EVOLVING GOLD REPORTS MULTIPLE HIGH GRADE INTERVALS AT ITS CARLIN PROJECT, NEVADA INCLUDING: 9.1 METERS AT 22.0 GPT GOLD 2.7 METERS AT 33.11 GPT GOLD, 3.8 METERS AT 29.53 GPT GOLD

Diamond drill hole CAR-016.1 has intersected several high-grade gold zones at Evolving Gold Corp.'s Carlin project in Nevada, including 9.1 metres at 22.0 grams per tonne gold (30.0 feet at 0.64 ounce per ton gold) starting at 908.3 metres downhole. This intersection includes 1.2 metres at 44.0 grams per tonne gold (4.0 feet at 1.28 ounces per ton gold). In addition, CAR-016.1 intersected 1.2 metres at 15.5 grams per tonne gold (4.0 feet at 0.45 ounce per ton gold) starting at 897.9 metres downhole. The entire interval from 897.9 metres to 917.4 metres (19.5 metres or 64.0 feet) averages 11.76 grams per tonne gold (0.34 ounce per ton gold), including a lower-grade interval at 899.2 metres to 908.3 metres.

A Carlin drill map is available at the company's website.

Other significant intersections are detailed in the table and include 2.7 metres at 33.11 grams per tonne gold (9.0 feet at 0.97 ounce per ton gold), 3.5 metres at 9.73 grams per tonne gold (11.5 feet at 0.28 ounce per ton gold), 3.8 metres at 29.53 grams per tonne gold (12.5 feet at 0.86 ounce per ton gold) and 0.61 metre at 38.0 grams per tonne gold (2.0 feet at 1.11 ounces per ton gold). Drill hole CAR-016.1 was completed to a depth of 1,004.9 metres (3,297 feet).

"We are obviously excited by the high-grade results from our drill hole CAR-016.1," stated Bruce Duncan, chief executive officer of Evolving Gold. "The multiple high-grade gold zones in this drill hole and the thickness of the main high-grade intersection are extremely encouraging. These results simply demonstrate what we have believed for a long time. The system we have identified in the south end of the prolific Carlin gold trend is a large and powerful Carlin-style gold system, capable of producing thick intervals of high-grade gold mineralization. In this drill hole we have encountered repeated zones of high-grade gold mineralization over a downhole interval of 89 metres, or 292 feet. The full potential of this system is being constantly enhanced with each successive drill hole that is completed."

Drill hole CAR-016.1 is a wedge hole drilled from CAR-016 after that hole was terminated due to ground conditions short of its target depth. CAR-016.1 is a vertical hole, approximately 70 metres southeast of the pad from which two previous holes were drilled, CAR-007 (18.3 metres at 11.70 grams per tonne gold, announced Feb. 25, 2010) and CAR-010 (10.1 metres at 11.09 grams per tonne gold, announced April 14, 2011). Due to downhole deviation, the high-grade intercept in CAR-016.1 is approximately 30 metres east of the intercept reported in CAR-010.

Assays from two additional vertical diamond core holes, CAR-017 and CAR-018, drilled 50 metres southwest and 50 metres northwest from hole CAR-007, respectively, are also reported in this release. Notwithstanding the high grade intersected in CAR-016.1, the company is pleased with the short intervals of significant gold mineralization encountered in CAR-017 and CAR-018.

Results from holes CAR-007, CAR-010, CAR-016.1, CAR-017 and CAR-018 indicate that the high-grade gold system is open to the northeast, east and southeast. The envelope of mineralization appears to be gently dipping, expanding in size and developing multiple high-grade gold horizons to the east, onto a portion of Evolving Gold's large landholding, which is as yet undrilled.

CAR-019, approximately 60 metres north of CAR-016.1, is in progress and should be completed within the next two weeks. Due to the downhole deviation, this hole is expected to test the target zone approximately 130 metres northeast of the high-grade gold intercept in CAR-016.1. Due to the success of CAR-016.1, the company will consider drilling wedge holes from CAR-016 and CAR-019 to further test this area of high-grade gold mineralization.

                                                  Gold
               From         To     Length   (grams per    Length   Gold (oz
Hole       (metres)   (metres)   (metres)       tonne)    (feet)   per ton)

CAR-016.1     870.5      872.0        1.5         8.74       5.0       0.25
              876.6      879.3        2.7        33.11       9.0       0.97
              897.9      917.4       19.5        11.76      64.0       0.34
including     898.0      899.2        1.2        15.50       4.0       0.45
including     908.3      917.4        9.1        22.00      30.0       0.64
including     909.2      910.4        1.2        44.00       4.0       1.28
              935.7      939.2        3.5         9.73      11.5       0.28
              948.1      951.9        3.8        29.53      12.5       0.86
              957.1      957.7        0.6        38.00       2.0       1.11
CAR-017       630.9      634.0        3.1         0.51      10.2      0.015
CAR-018       698.0      699.5        1.5         1.28       4.9      0.037
              715.8      723.9        8.1         1.08      26.6      0.032
including     717.4      719.3        1.9         2.55       6.2      0.074

All drill hole averages are weighted averages, weighting each assay interval according to the core length for that assay interval. All assay intervals are included in the average, with no bottom cut-off. True widths of mineralization in these drill holes, at this stage of exploration, are not precisely known. Gold assays were completed by SGS Canada Inc. in Toronto, using a 30-gram charge, fire assay, with an ICP finish. Overlimit assays were completed with gravimetric finish.

In compliance with National Instrument 43-101, Dr. Quinton Hennigh, PhD, PGeo, is the qualified person responsible for the accuracy of this news release.

The company presently has one core rig drilling on its Carlin property and one mud rotary rig testing a target on its adjacent 100-per-cent-owned Humboldt project. The Carlin project is subject to an agreement with various subsidiaries of Newmont Mining Corp.

We seek Safe Harbor.