Evolving Gold Releases Final 23 Holes at Rattlesnake Hills, WY Project

    
    -  158 meters at 2.64 gpt Au, includes 16.8 meters at 10.31 gpt Au
    -  82 meters at 3.00 gpt Au, includes 6.1 meters at 16.97 gpt Au
    -  120 meters at 1.64 gpt Au, includes 12.2 meters at 8.25 gpt Au
    -  201 meters at 1.08 gpt Au
    

VANCOUVER, Feb. 3 /CNW/ - Evolving Gold Corp. (TSXV: EVG) (FSE: EV7) (the "Company") is pleased to announce assay results from the final 23 holes from its Rattlesnake Hills, WY project.

    
    North Stock - Northwest Extension

    -  These results indicate that the higher grade main zone at North Stock
       wraps around to the west of the intrusive plug near the center of the
       diatreme. Holes RSC-085 and -089 add approximately 100 meters westerly
       strike to this zone and indicate it remains open to the NW (please
       refer to http://www.evolvinggold.com for assay summaries).
    -  Hole RSC-089 intersected deeper high grade intervals, 16.8 meters at
       10.31 gpt Au (including 4.6 meters at 26.16 gpt Au) and 3.0 meters at
       18.00 gpt Au, at depths in excess of 200 meters. These intersections
       indicate that high grade mineralization persists to and is open at
       depth.
    -  Five new drill sites, with multiple drill holes from each site, are
       planned for the 2010 drill program to further define the northwest
       extension of the North Stock Main Zone.

    North Stock Northwest Extension - Significant Drill Intercepts
    ---------------------------------------------------  --------------------
    Drill Hole    From      To    Interval     Gold       Length     Gold
                (meters) (meters) (meters)  grams/tonne   (feet)  ounces/ton
    ---------------------------------------------------  --------------------
    RSC-089        83.8    242.3    158.5       2.64        520      0.077
    ---------------------------------------------------  --------------------
      Includes    217.9    234.7     16.8      10.31         55      0.301
    ---------------------------------------------------  --------------------
      Includes    225.5    230.1      4.6      26.16         15      0.764
    ---------------------------------------------------  --------------------
                  280.4    283.4      3.0      18.00         10      0.526
    ---------------------------------------------------  --------------------
    RSC-085       175.3    376.4    201.2       1.08        660      0.031
    ---------------------------------------------------  --------------------

    North Stock Main Zone

    -  RSC-093 intersected 6.1 meters at 16.97 gpt Au within 82.3 meters at
       3.00 gpt Au and RSC-090 intersected 12.2 meters at 8.25 gpt Au within
       120.4 meters at 1.64 gpt Au confirming continuity of the higher grade
       core zone at North Stock.
    -  Drill results from other holes in the North Stock Main Zone continue
       to indicate long intervals of halo gold mineralization that outline a
       zone approximately 450 meters long and 250 meters wide, extending to
       over 500 meters at depth.
    -  A total of 10-12 new drill sites will be added to existing drill pads
       for the 2010 drilling. Multiple drill holes are planned from each
       site, including some from the existing sites, to continue to define
       the North Stock Main Zone.

    North Stock Main Zone - Significant Drill Intercepts
    ---------------------------------------------------  --------------------
    Drill Hole    From      To    Interval     Gold       Length     Gold
                (meters) (meters) (meters)  grams/tonne   (feet)  ounces/ton
    ---------------------------------------------------  --------------------
    RSC-093        94.5    176.8     82.3       3.00        270      0.088
    ---------------------------------------------------  --------------------
      Includes    141.7    161.5     19.8       8.06         65      0.235
    ---------------------------------------------------  --------------------
      Includes    149.3    155.4      6.1      16.97         20      0.496
    ---------------------------------------------------  --------------------
    RSC-090        79.3    199.7    120.4       1.64        395      0.048
    ---------------------------------------------------  --------------------
      Includes    158.5    192.0     33.5       4.09        110      0.119
    ---------------------------------------------------  --------------------
      Includes    158.5    170.7     12.2       8.25         40      0.241
    ---------------------------------------------------  --------------------
                  263.7    339.9     76.2       0.97        250      0.028
    ---------------------------------------------------  --------------------
      Includes    243.8    256.0     12.2       4.34         40      0.127
    ---------------------------------------------------  --------------------
    RSC-076       198.1    256.0     57.9       2.12        190      0.062
    ---------------------------------------------------  --------------------
      Includes    227.1    233.2      6.1       6.27         20      0.183
    ---------------------------------------------------  --------------------
      Includes    243.8    256.0     12.2       4.34         40      0.127
    ---------------------------------------------------  --------------------
    RSC-092        86.9    201.2    114.3       1.00        375      0.029
    ---------------------------------------------------  --------------------
      Includes    147.8    161.5     13.7       3.13         45      0.091
    ---------------------------------------------------  --------------------
                  300.2    420.6    120.4       0.60        395      0.018
    ---------------------------------------------------  --------------------
    RSC-077       164.5    193.5     29.0       3.58         95      0.105
    ---------------------------------------------------  --------------------
      Includes    176.8    190.5     13.7       6.66         45      0.194
    ---------------------------------------------------  --------------------
    RSC-079        36.5    141.7    105.2       0.62        345      0.018
    ---------------------------------------------------  --------------------
    RSC-091        74.7    123.4     48.7       0.96        160      0.028
    ---------------------------------------------------  --------------------
    RSC-082       140.2    164.6     24.4       1.00         80      0.029
    ---------------------------------------------------  --------------------
    RSC-084       160.0    196.6     36.6       0.81        120      0.024
    ---------------------------------------------------  --------------------
    RSC-074       269.7    294.1     24.4       0.54         80      0.016
    ---------------------------------------------------  --------------------
    

"We are very pleased with the final results from Rattlesnake," states Quinton Hennigh, President and Chief Geologist of Evolving Gold. "At North Stock, we now see a continuous zone of higher grade mineralization at least 240 meters long, and about 100 m wide and extending to depths over 300 m. This lies within a much broader volume of lower grade halo mineralization that is about 450 m long, 250 m wide and extends to depths over 500 meters. The high grade zone is open to the northwest, northeast and vertically and will be a major focus of our next drill campaign. The high grade results from holes RSC-090 and RSC-093 are also encouraging, indicating the continuation of a high grade exploration target at depth."

"The topography at Rattlesnake Hills makes grid drilling extremely difficult," Hennigh continues. "The change from truck mounted core rigs to track mounted rigs will allow for much more flexibility in targeting in 2010 and greatly improve our ability to test critical targets efficiently."

    
    Antelope Basin - Significant Drill Intercepts

    -  Results from holes RSC-083 and RSC-078 confirm results from earlier
       drilling, with significant high grade intersections within long
       intervals of halo gold mineralization.
    -  The Antelope Basin zone remains open to the east, southwest and at
       depth, and these potential extensions will be drill tested during
       2010.
    -  Approximately five new drill sites with multiple drill holes will be
       added to the existing sites to continue to define the Antelope Basin
       gold zone.

    Antelope Basin - Significant Drill Intercepts
    ---------------------------------------------------  --------------------
    Drill Hole    From      To    Interval     Gold       Length     Gold
                (meters) (meters) (meters)  grams/tonne   (feet)  ounces/ton
    ---------------------------------------------------  --------------------
    RSC-083        44.2    193.5    149.3       0.80        490      0.023
    ---------------------------------------------------  --------------------
      Includes    144.8    187.5     42.7       1.53        140      0.045
    ---------------------------------------------------  --------------------
      Includes    158.5    172.2     13.7       3.30         45      0.096
    ---------------------------------------------------  --------------------
    RSC-078       173.7    249.9     76.2       1.77        250      0.052
    ---------------------------------------------------  --------------------
      Includes    185.9    228.6     42.7       2.47        140      0.072
    ---------------------------------------------------  --------------------
      Includes    204.2    225.5     21.3       3.56         70      0.104
    ---------------------------------------------------  --------------------
    RSC-081       116.1    176.8     60.7       0.27        199      0.008
    ---------------------------------------------------  --------------------
    RSC-087       166.1    202.7     36.6       1.11        120      0.032
    ---------------------------------------------------  --------------------
    RSC-071       163.1    179.9     16.8       0.27         55      0.008
    ---------------------------------------------------  --------------------
    RSC-086                low level gold
    ---------------------------------------------------  --------------------

    Property-Wide Exploration - Significant Drill Intercepts

    -  Drill holes RSC-075 and RSC-080 intersected new zones of strong gold
       mineralization in altered porphyry dikes, providing additional support
       for a mineralized porphyry exploration target at depth at Rattlesnake
       Hills.
    -  Exploration drilling in 2010 will focus on testing two porphyry
       targets to the east and southeast of the North Stock Main Zone along
       with three other surface zones of alteration and anomalous gold west
       of North Stock and southwest and south of Antelope Basin.
    -  Approximately 15-20 new drill sites will be permitted for 2010 to
       provide the sites needed to drill test these exploration targets.

    Property-Wide Exploration - Significant Drill Intercepts
    ---------------------------------------------------  --------------------
    Drill Hole    From      To    Interval     Gold       Length     Gold
                (meters) (meters) (meters)  grams/tonne   (feet)  ounces/ton
    ---------------------------------------------------  --------------------
    RSC-080       230.1    260.6     30.5       0.95        100      0.028
    ---------------------------------------------------  --------------------
      Includes    240.8    243.8      3.0       3.97         10      0.116
    ---------------------------------------------------  --------------------
    RSC-075       183.0    222.5     39.5       0.55        130      0.016
    ---------------------------------------------------  --------------------
    RSC-072                low level gold
    ---------------------------------------------------  --------------------
    RSC-073                low level gold
    ---------------------------------------------------  --------------------
    RSC-088                low level gold
    ---------------------------------------------------  --------------------
    

"We are pleased to see continued support in these exploration drill results for the porphyry target at Rattlesnake Hills," says Hennigh. "The porphyry exploration target has major size potential, and we believe that we have only touched the edges of this target. Our interpretation is that these results suggest that a gold porphyry lies at depth and may be the major source and driver of both the North Stock and Antelope Basin gold zones."

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. For over limit assay results, initial assays in excess of 10.0 gpt Au, a gravimetric finish is utilized. The Company is undertaking a program of metallic screen fire assays now that all preliminary assays have been received.

A complete table of all significant assays from the 2008 and 2009 drill programs is available at http://evolvinggold.com/2009-summary.pdf.

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 the option to acquire 100% of the Rattlesnake Hills project.

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.

    "Robert Barker"
    ---------------
    Robert Barker
    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, robert@evolvinggold.com, Direct: (604) 685-6375, Toll Free: 1-866-604-3864, www.EvolvingGold.com; Investor Relations: Leo Karabelas, Tel: (416) 543-3120, leo@frontlineir.com; Shiro Rae, Senergy Communications Inc., Tel: (778) 331-2095, shiro@senergyir.com; Investors can post questions and receive answers at the Evolving Gold Corp IR Hub at http://www.agoracom.com/IR/evolving

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