VANCOUVER, April 21 /CNW/ - Evolving Gold Corp. (TSXV: EVG) (FSE: EV7) (the "Company") is pleased to announce the appointment of R. Stuart (Tookie) Angus, LL.B as the Chairman of the Board, effective immediately. The Company also announces the resignations of both Robert Bick and Gilles Arseneau, Ph.D., from the Board of Directors.
R. Stuart (Tookie) Angus, LL.B
R. Stuart (Tookie) Angus brings to the Evolving Gold Board over thirty years experience as an advisor to the exploration and mining industry. He has extensive knowledge and experience in mergers and acquisitions, as well as complex, international exploration and mining agreements. He was a partner at the Canadian law firm, Fasken Martineau DuMoulin LLP, and head of their Global Mining Group. From November 2003 to December 2005 Mr. Angus served as Managing Director - Mergers and Acquistions for Endeavor Financial. He is a director of a number of exploration and mining companies, including Ventana Gold Corp. and SouthGobi Energy Resources Ltd.
Mr. Angus joins the Evolving Gold Board as the Company moves into more advanced and intensive exploration programs on its two main properties, Rattlesnake Hills in Wyoming and Carlin in Nevada. Evolving Gold Corp. welcomes Tookie Angus as Chairman, and looks forward to the leadership he will provide to the Board and to the overall direction of the Company.
The Company announces that it has granted 500,000 incentive stock options under the Company's stock option plan to Mr. Angus exercisable at $0.93 per share for a 5-year period from the date of grant.
Robert Bick and Gilles Arseneau
Robert Bick joined Evolving Gold in February 2007. During his tenure as CEO, Director, and Executive Chairman, Evolving Gold progressed from a little known company with minimal funding, to a well-financed company with two advanced gold exploration properties. Mr. Bick helped the Company raise over $45 million during a period when Evolving Gold's market capitalization grew from $3 million to over $100 million. Mr. Bick has agreed to continue in an advisory capacity to the Company for a period of up to 24 months to assist the Company as may be required.
Gilles Arseneau, Ph.D., joined the Board of Evolving Gold in early 2007, and he has been directly involved in guiding the company from its early beginnings. His expertise and guidance in the areas of geology, exploration programs, and regulatory issues have been particularly appreciated by the Board and management of Evolving Gold.
The Board and management of Evolving Gold wish to thank Robert Bick and Gilles Arseneau for their dedicated service to the Company.
About Evolving Gold Corp.
Evolving Gold is focused on exploring its 100 percent owned Rattlesnake Hills project in central Wyoming, an alkalic gold system, similar to the Cripple Creek gold district in Colorado. Evolving Gold is currently drilling on its Carlin project, in the south portion of the Carlin Trend of northern Nevada.
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://evolvinggold.com/sign-up.php.
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
EVOLVING GOLD CORP.
FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company's actual results and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: results of exploration activities and development of mineral properties, fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the ability to obtain financing, currency fluctuations, general market and industry conditions and other risks disclosed in the Company's filings with Canadian Securities Regulators.
Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE EVOLVING GOLD CORPORATION
For further information: For further information: Evolving Gold Corp., Direct: (604) 685-6375, Toll Free: 1-866-604-3864, www.EvolvingGold.com; Investor Relations: Leo Karabelas, Tel: (416) 543-3120, firstname.lastname@example.org; Shiro Rae, Senergy Communications Inc., Tel: (778) 331-2095, email@example.com