Evolving Gold Signs Second Drill Contract for Nevada Drilling


    VANCOUVER, Oct. 24 /CNW/ - Evolving Gold Corp. (TSX-V:EVG) (OTCBB: EVOGF)
(FSE:EV7) (the "Company") is pleased to announce the signing of a drill
contract with WDC Drilling, of Elko, Nevada, to provide reverse circulation
drilling on Evolving's portfolio of Nevada gold prospects. Currently, diamond
drilling is underway with a separate rig at the Company's Malone gold prospect
in the state of New Mexico (see news release dated October 18, 2007)
    Dr. Lawrence A. Dick, President of Evolving states: "With the acquisition
of the reverse circulation rig we are preparing to begin drilling at our
Fisher Canyon gold-silver project, located in the highly-prospective Humboldt
Range in north-central Nevada, by the end of the first week in November.
Drilling at Fisher Canyon will be followed by a much larger drilling campaign
on our 18 kilometer-long Siesta gold prospect, located immediately south of
the past-producing, high-grade Sleeper deposit. We expect to add still another
reverse circulation drill rig by year end, allowing us to aggressively drill
test our current portfolio of 12 gold-silver prospects, most of which are
located in prolific gold belts in Nevada, starting now and continuing
throughout 2008."

    About Evolving Gold Corp.

    Evolving Gold Corp. is an emerging gold exploration and development
company focused on building value through the acquisition and exploration of
world class prospective gold prospects in the southwestern United States. The
Company is actively exploring 12 separate gold properties, primarily in known,
producing gold trends in the state of Nevada.
    Evolving recently signed an LOI to enter into an agreement with Newmont
Mining Corporation concerning an exploration partnership on four prospective
gold properties located within the prolific Carlin Gold Trend (see press
release dated October 2, 2007). In total, Evolving holds over 100,000 acres of
exploration lands in Nevada, Wyoming and New Mexico.
    In compliance with National Instrument 43-101 ("NI 43-101") Lawrence A.
Dick, Ph.D., P.Geo. is the Qualified Person responsible for the accuracy of
this news release.
    For more information visit www.evolvinggold.com.

    On Behalf of the Board of Directors
    "Lawrence A. Dick"
    Lawrence A. Dick, Ph.D., P.Geo.
    President and Director

    FORWARD LOOKING STATEMENTS: This document includes forward-looking
statements as well as historical information. Forward-looking statements
include, but are not limited to the continued advancement of Evolving's
general business development, research development and/or Evolving's
development of mineral exploration projects. When used in this document, the
words "anticipate", "believe", "estimate", "expect", "intent", "may",
"project", "plan", "should" and similar expressions are intended to be among
the statements that identify forward-looking statements. Although Evolving
Gold Corp. believes that their expectations reflected in these forward looking
statements are reasonable, such statements involve risks and uncertainties and
no assurance can be given that actual results will be consistent with these
forward-looking statement. Important factors that could cause actual results
to differ from these forward-looking statements include the potential that
Evolving's mineral deposit(s), fluctuations in the marketplace for the sale of
minerals, the inability to implement corporate strategies, the ability to
obtain financing and other risks disclosed in our annual report on Form 20F
filed with the U.S. Securities and Exchange Commission and filings made with
the British Columbia Securities Commission.

    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 Renmark Financial Communications Inc:
Christopher Wells, cwells@renmarkfinancial.com; James Buchanan,
jbuchanan@renmarkfinancial.com, Tel.: (514) 939-3989, Fax: (514) 939-3717,
www.renmarkfinancial.com OR Excelsior Communications Inc.: Miranda Bradley,
Managing Partner, miranda@excelsiorcommunications.com, Direct (416) 860-2509,

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