Evolving Gold Retains Investor Relations Firm

    VANCOUVER, Oct. 17 /CNW/ - Evolving Gold Corp. (TSX-V:EVG) (OTCBB: EVOGF)
(FSE:EV7) (the "Company") is pleased to announce that it has retained the
services of Excelsior Communications Incorporated ("Excelsior") to strengthen
its investor relations activities and effectively communicate shareholder
value to investors. Evolving continues to maintain its IR contract with
Renmark Financial Communications Inc (please refer to news release dated June
22, 2007).
    CEO Robert Bick comments, "With a strong land position and drills ready
to turn, Evolving is ready to present to key players in the brokerage and
analyst community. Excelsior can put us in front of the right people and will
be an integral part of our investor relations team."
    Excelsior will provide in depth reports of the Company to qualified
investors through internet media and presentations developed for industry
meetings, conferences and tradeshows. Excelsior maintains its office in
Toronto, Ontario. Miranda Bradley and Sangeet Dhaliwal, principals, founded
Excelsior in 2006 and are joint managing partners. Excelsior and the managing
partners deal at arm's length with the Company. Neither Ms. Bradley and Ms.
Dhaliwal nor Excelsior owns any securities of the Company directly.
    Excelsior will receive a fee of CDN$6,500 per month. The term of the
contract is for a period of 12 months but may be cancelled on 30 days written
notice by either party after 6 months. The Company has an option to renew the
contract on the same terms by giving notice before the 12 month term expires.
The Company will also grant an option to Excelsior to purchase 250,000 common
shares of the Company over a five year period, at an exercise price of $0.35
per share, subject to regulatory approval. The options will vest in stages
with 25% of the options vesting in each three month period.

    About Excelsior Communications

    Excelsior Communications is a full-service marketing communications and
investor relations firm offering services specific to client needs. Assisting
key public companies, Excelsior works to increase shareholder value by
creating investor relations programs that raise awareness among stockbrokers,
analysts, portfolio managers, institutional and venture capital investors,
individual investors, and the media. Excelsior has a proven track record and
experience in marketing and investor relations.

    About Evolving Gold Corp.

    Evolving Gold Corp. is an emerging exploration and development company
focused on building value through the acquisition and exploration of world
class prospective gold properties primarily in the southwestern United States,
in particular Nevada.
    For more information visit www.evolvinggold.com.

    On Behalf of the Board of Directors

    "Robert Bick"
    Robert Bick
    CEO and Director

    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., Bill Gillies, Investor
Relations, billthepilot@evolvinggold.com, Direct (604) 639-0432, Toll free
1-866-604-3864, www.evolvinggold.com OR Excelsior Communications Inc., Miranda
Bradley, Managing Partner, miranda@excelsiorcommunications.com, Direct (416)
860-2509, www.excelsiorcommunications.com OR Renmark Financial Communications
Inc, Christopher Wells: cwells@renmarkfinancial.com; James Buchanan:
jbuchanan@renmarkfinancial.com; Tel.: (514) 939-3989, Fax: (514) 939-3717,

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