VANCOUVER, Feb. 18 /CNW/ - Evolving Gold Corp. (TSXV: EVG) (FSE: EV7) (the "Company") is pleased to provide an update on its Rattlesnake Hills, WY project.
Evolving Gold has exercised its option to complete the acquisition of 100% of the Rattlesnake Hills Property by issuing 1,000,000 common shares to Golden Predator Mines (US) Inc. ("Golden Predator"), the final payment of a total of 3,000,000 shares. Golden Predator retains a 0.5% NSR which the Company has the option to buy down to 0.25% for $375,000.
In addition to the 3,070 acres acquired from Golden Predator, the Company has staked an additional 10,500 acres. The total land package controlled by Evolving Gold at Rattlesnake Hills is approximately 13,570 acres or 5,490 hectares.
For further information about the Rattlesnake Hills, WY project:
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Evolving Gold Named to Top Ten Mining Group on TSX Venture Exchange
The TSX Venture Exchange has recently named Evolving Gold Corp. as one of the top ten mining companies on the TSX-V and a member of The TSX Venture 50.
"Evolving Gold is an outstanding company and a proven leader in the mining sector. We celebrate their inclusion in the 2010 TSX Venture 50," said John McCoach, President, TSX-V, "and we wish Evolving Gold continued success."
About Evolving Gold Corp.
Evolving Gold is focused on exploring its significant discovery at Rattlesnake Hills, Wyoming, an alkalic gold system, similar to the Cripple Creek gold district in Colorado and on five gold properties in and adjacent to the productive Carlin district of northern Nevada. Evolving Gold has acquired 100% of the Rattlesnake Hills project.
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
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.: Robert Bick, Executive Chairman, email@example.com, 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; Investors can post questions and receive answers at the Evolving Gold Corp IR Hub at http://www.agoracom.com/IR/evolving