Mr. Bruce Duncan reports

EVOLVING GOLD RECEIVES FINAL PAYMENT ON SALE OF RATTLESNAKE HILLS PROPERTY

Evolving Gold Corp. has received the final $600,000 (U.S.) payment due to it from GFG Resources (U.S.) Inc. pursuant to an asset purchase agreement dated July 28, 2015, pertaining to the purchase and sale of the Rattlesnake Hills property in Wyoming.

As previously announced, the company has sold all of its shares of GFG and retains no interest in GFG or the Rattlesnake Hills property other than the following:

1. A 2-per-cent net smelter return royalty, subject to certain exclusions; of which one-half may be acquired by GFG for $1-million (U.S.) at any time;
2. The right to receive an additional 1.5 million common shares of GFG upon its determination of an aggregate mineral resource (including inferred mineral resource) for the Rattlesnake Hills property of at least one million ounces of gold on or before July 28, 2019.

Evolving Gold's chief executive officer, R. Bruce Duncan, stated, "We congratulate GFG on finalizing the transaction and look forward to their great success with the Rattlesnake Hills project."

We seek Safe Harbor.