VANCOUVER, Feb. 23, 2012 /CNW/ - Evolving Gold Corp. (TSX: EVG) (FSE: EV7) (the "Company") announces that
R. Bruce Duncan will succeed William (Bill) Gee as Chief Executive
Officer (CEO) of the Company, effective February 22, 2012.
The Board of Directors of Evolving Gold Corp. has appointed R. Bruce
Duncan to the position of Chief Executive Officer (CEO) of Evolving
Gold Corp., effective February 22, 2012. Mr. William (Bill) Gee, has
stepped down from the Board of Directors of the Company and from the
post of CEO to pursue other opportunities in the mining sector. The
Board of Directors of the Company thanks Mr. Gee for his loyal and
supportive work for the Company and wish him well in his future
As the new CEO of the Company, Mr. Duncan brings over thirty years of
experience in the capital markets and brokerage industry. Mr. Duncan is
currently the President of West Oak Capital Partners Inc., which
provides strategic advisory services, including identifying and
qualifying merger and acquisition candidates and advising on public
transactions. Mr. Duncan was instrumental in leading the spinout of the
Kiyuk resources from Evolving Gold into Prosperity Goldfields Corp.,
and has led the pending amalgamation of Prosperity Goldfields Corp.
with Smash Minerals Corp. (subject to shareholder approval). Mr. Duncan
currently serves as a Board Member for a number of public companies,
and he has been a Board Member of Evolving Gold Corp. since May 2010,
and was heavily involved in the last financing for the Company. Mr.
Duncan has extensive experience advising on corporate takeovers, both
friendly and hostile, designing and executing effective approaches to
acquiring assets, and implementing defensive strategies.
Mr. Duncan brings a strong understanding of the markets, financing, and
corporate mergers and amalgamations. This experience will be extremely
valuable to the Company as it moves forward with exploration on its
large land position in Nevada, and continues to monitor developments at
its Rattlesnake Hills gold project in Wyoming, which was recently joint
ventured with Agnico Eagle. He will continue as an executive member of
the Board of Directors of the Company.
About Evolving Gold Corp.
Evolving Gold is focused on exploring the 100% controlled Jake Creek
Project, the Carlin Project, and the 100% controlled Humboldt Project,
all in Nevada. The Rattlesnake Hills gold Project in Wyoming, an
alkalic gold system similar to the Cripple Creek gold district in
Colorado, was recently joint ventured with Agnico Eagle. Agnico Eagle
completed an extensive exploration program at Rattlesnake Hills during
the 2011 field season. 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.
On Behalf of the Board of Directors
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, except as required by law. We seek safe harbour.
SOURCE Evolving Gold Corporation
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