VANCOUVER, June 9 /CNW/ - The CEO of Evolving Gold Corp. (TSX-V: EVG)
(OTCBB: EVOGF) (FSE: EV7) ("Evolving") is pleased to announce the appointment
of Mr. Vitaly Melnikov as Chief Financial Officer.
Mr. Melnikov has held senior management positions with international
resource companies operating in North America, Europe, Russia and Central
Asia. He has recently served as Vice President, Finance and Administration of
UrAsia Energy Ltd. (acquired by Uranium One in April 2007). Mr Melnikov has
also held financial management positions with PetroKazakhstan (formerly
Hurricane Hydrocarbons), a vertically integrated oil & gas company (acquired
by China National Petroleum Corporation in October 2005); and Kumtor Operating
Company with exploration activities and a large operating gold mine in Central
Asia (currently owned by Centerra Gold).
Mr. Melnikov is a Certified Public Accountant (USA) and holds an MBA and
a M.Sc. in Economics.
Robert Bick, Evolving's CEO, commented "Evolving's growth and the rapid
expansion of our activities makes this the right time to bring in a CFO with
Mr. Melnikov's solid experience in the exploration and mining business."
Mr. Melnikov's appointment is effective immediately. Evolving Gold wishes
to express its appreciation to Mr. Herrick Lau who served as Interim CFO.
Options The Company announces today that it will issue 250,000 incentive
stock options at a price of $0.75 to Vitaly Melnikov as part of his contract.
These options are vested over a nine month period, will have a 5 year term and
are subject to regulatory approval.
About Evolving Gold Corp.
Evolving Gold is actively exploring 9 separate gold properties, primarily
in known, producing gold trends in Nevada. In total, Evolving holds over
90,000 acres of exploration lands.
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).
The Company has drills operating at their North Carlin District
Properties and at their Rattlesnake Diatreme Complex in Wyoming. It has
recently completed first rounds of drilling at the Malone Gold/Silver Project
(NM) (see press release dated March 4, 2008) and at the Sleeper District
Project in Nevada.
With $23,000,000 in the bank, Evolving Gold is continuing its aggressive
drilling and acquisition strategy.
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.
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 Miranda Bradley, Investor Relations,
firstname.lastname@example.org, Direct (416) 996-0238 OR Renmark Financial
Communications Inc, Christopher Wells: email@example.com, James
Buchanan: firstname.lastname@example.org, Tel.: (514) 939-3989, Fax: (514)