/NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
VANCOUVER, March 25 /CNW/ - The Directors of Evolving Gold Corp.
(TSX-V:EVG) (OTCBB: EVOGF) (FSE:EV7) ("Evolving") announce that its
shareholder rights plan ("Rights Plan"), which was adopted by its directors on
January 23, 2008, has been approved by its shareholders at the special meeting
held on March 20, 2008. The Rights Plan is designed to encourage the fair
treatment of shareholders in connection with any take-over bid or similar
proposal to acquire common shares of Evolving and will provide the board of
directors and Evolving Gold's shareholders more time to evaluate any
unsolicited take-over bid and, if appropriate, to seek out other alternatives
to maximize shareholder value. The Rights Plan was not adopted in response to,
or in anticipation of, any known proposal to acquire control of Evolving. The
Rights Plan will expire at the end of the third annual general meeting of the
Company's shareholders following this approval, unless renewed by the
The Rights Plan has been implemented and is in effect as of
January 23, 2008 pursuant to the terms and conditions of a Shareholder Rights
Plan Agreement between Evolving and Pacific Corporate Trust Company, as rights
agent. The complete text of the Rights Plan is available on SEDAR at
About Evolving Gold Corp.
Evolving Gold Corp. is a gold exploration company focused on building
value through the acquisition and exploration of prospective gold deposits in
the southwestern United States. The Company is actively exploring 9 separate
gold properties, primarily in known, producing gold trends in the state of
Evolving has entered into a lease agreement with Newmont Mining
Corporation on four prospective gold properties located within the prolific
Carlin Gold Trend (see press release dated December 5, 2007). In total,
Evolving holds over 90,000 acres of exploration lands in Nevada, Wyoming and
The Company is currently drilling at their North Carlin District
Properties (Sheep Creeks and Boulder Valley) and at their Sleeper District
Project (Siesta) in Nevada. It has recently completed first rounds of drilling
at the Malone Gold/Silver Project (NM) (See press release dated March 4, 2008)
and Fisher Canyon (NV) (See press release dated February 1, 2008). Evolving
recently announced the signing of a definitive agreement to acquire 100% of
the Rattlesnake Hills Diatreme Complex in Wyoming (see press release dated
January 18, 2008).
For more information visit www.evolvinggold.com.
On Behalf of the Board of Directors
EVOLVING GOLD CORP.
CEO and Director
This news release does not constitute an offer to sell or a solicitation
of an offer to buy any of the securities in the United States. The securities
have not been and will not be registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act") or any state securities
laws and may not be offered or sold within the United States or to U.S.
Persons unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.
Not For Distribution to U.S. Newswire Services or for Dissemination in
The United States
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Evolving Gold Corp., Robert Bick, CEO,
email@example.com, Direct (604) 639-0430, Toll Free 1-866-604-3864,
www.evolvinggold.com; OR Renmark Financial Communications Inc, Christopher
Wells: firstname.lastname@example.org, James Buchanan:
email@example.com, Tel.: (514) 939-3989, Fax: (514) 939-3717,
www.renmarkfinancial.com; OR Excelsior Communications Inc., Miranda Bradley,
Managing Partner, firstname.lastname@example.org, Direct (416) 996-0238,