Evolving Gold Drilling Update on Rattlesnake Hills

• Press Release
• Source: Evolving Gold Corporation
• On Friday August 7, 2009, 6:58 pm EDT

<< - Expands Potential Size and Grade at Antelope Basin - Confirms Bulk Tonnage Style Gold at North Stock >>

VANCOUVER, Aug. 10 /CNW/ - Evolving Gold Corp. (TSXV: EVG) (FSE: EV7) (the "Company") is pleased to report that drilling of the Antelope Basin target at its Rattlesnake Hills Property has expanded the potential of both the size and grade of the Antelope Basin target. Drilling at North Stock continues to confirm high gold grades within a large zone of bulk tonnage style halo gold mineralization.

"Drilling at Rattlesnake continues to define the large scale, bulk tonnage gold target, and also continues to identify high gold grades within the larger target. At Antelope Basin we are seeing the first indications of late stage, higher grade gold mineralization, similar to that encountered at North Stock. The mineralization starts at surface and is strongly oxidized to about 150 meters. These results indicate significant exploration potential at Antelope Basin, perhaps as much as at North Stock." comments Quinton Hennigh, President and Chief Geologist.

"Most of the holes RSC-21 to RSC-33 are within the bulk mineralization at North Stock and Antelope Basin. We have only recently begun completing holes that off-set the high grade zone announced last month. Those results will be available by early September," continues Hennigh. "The high grade zone is a 'blind' discovery that terminates before reaching surface. We are only just beginning to come to grips with its place in the system."

To date in the 2009 program, the Company has completed 24 drill holes totaling 9,376 meters (30,762 ft), with 4 more in progress. Core from all or part of 7 holes are at the lab with assays pending. Assay results will be released in groups as they are received. A map of the drill holes at Antelope Basin and North Stock, including a drilling update is available at http://evolvinggold.com/rattlesnake-hills.php.

Drilling in 2009 is designed to expand and confirm the body of bulk tonnage style mineralization, and the high grade zones within it which was reported at the end of 2008 drilling. The 2008 drilling defined a body which measured approximately 450 meters long, 200 meters wide, and 550 meters deep. The 2009 drilling is also designed to better define the mineralization at Antelope Basin, up to 750 meters to the south of North Stock, and explore the potential connection between the two zones of mineralization. Highlights from the current results include:

	    Antelope Basin Target

	    -  Drill hole RSC-019: 163.1 meters at 1.24 gpt Au (535 ft at 0.036 opt),
	       including 50.2 meters at 2.71 gpt Au (165 ft at 0.079 opt) and which
	       includes 22.9 meters at 4.15 gpt Au (75 ft at 0.121 opt).
	       Mineralization in RSC-019 starts at the surface and is visually
	       oxidized to at least 150 meters in depth.

	    -  Drill hole RSC-019 confirms the presence of high grades in this target
	       area. The (x)aggregate thickness of all significant intersections in
	       RSC-019, 274.3 meters at 0.99 gpt Au (900 ft at 0.029 opt) confirms
	       potential for a wide zone of bulk tonnage style mineralization
	       approximately 750 meters south of the North Stock. Additional drilling
	       is needed to define the geometry and size potential of this target in
	       Antelope Basin.

	    -  The Antelope Basin target remains open with additional drilling
	       planned to test its potential to the south-southwest and northward
	       towards the North Stock target.

	    North Stock Target

	    -  Drill hole RSC-026 intersected 79.3 meters at 1.76 gpt Au (260 ft at
	       0.051 opt), including 22.8 meters at 4.78 gpt Au (75 ft at 0.139 opt)
	       which includes a single 1.5 meter interval at 43.5 gpt Au (5 ft at
	       1.27 opt) that significantly influences the grades of the longer
	       reported intersections.

	    -  Drill hole RSC-022 intersected 128.0 meters at 1.23 gpt Au (420 ft at
	       0.036 opt), including 13.8 meters at 2.55 gpt Au (45 ft at 0.074 opt)
	       which includes 3.0 meters at 6.03 gpt Au (10 ft at 0.176 opt)

	    -  Drilling at North Stock continues to confirm a large zone of bulk
	       tonnage style gold mineralization as previously reported at the end of
	       the 2008 drill program. Results from drill hole RSC-020 were
	       previously reported, in a news release dated July 13, 2009.

	    South Stock Target

	    Drill holes RSC-023 and RSC-025 were drilled into the South Stock target.
These drill holes failed to intersect a major stock, intersecting only small
intrusive dikes. Low levels of gold were encountered in these drill holes,
indicating that the main trend of gold mineralization does not include the
immediate area of the South Stock. The long gold intersection in drill hole
RSC-019 in Antelope Basin suggests the possibility that the main zone of gold
mineralization may trend somewhat to the west of South Stock.

	    -------------------------------------------------------- ----------------
	                     From       To     Interval     Gold     Interval  Gold
	        Hole       (meters)  (meters)  (meters)  grams/tonne   (ft)   oz/ton
	    -------------------------------------------------------- ----------------
	       RSC-019         3.0      68.6      65.6          0.65      215  0.019
	    Antelope Basin ----------------------------------------- ----------------
	                      85.3     248.4     163.1          1.25      535  0.036
	                   ----------------------------------------- ----------------
	             incl.   149.4     199.6      50.2          2.75      165  0.080
	                   ----------------------------------------- ----------------
	             incl.   167.6     190.5      22.9          4.18       75  0.122
	                   ----------------------------------------- ----------------
	                     257.6     283.5      25.9          0.33       85  0.010
	                   ----------------------------------------- ----------------
	                     291.1     306.3      15.2          0.63       50  0.018
	                   ----------------------------------------- ----------------
	                     315.5     320.0       4.5          1.60       15  0.047
	                   ----------------------------------------- ----------------
	                (x)Aggregate Thickness   274.3          0.99    900.0   0.03
	    -------------------------------------------------------- ----------------

	    -------------------------------------------------------- ----------------
	       RSC-021
	    Antelope Basin     3.0      45.7      42.7          0.46      140  0.013
	    -------------------------------------------------------- ----------------

	    -------------------------------------------------------- ----------------
	       RSC-026        35.1      76.2      41.1          0.68      135  0.020
	    -------------------------------------------------------- ----------------
	     North Stock      83.8     163.1      79.3          1.76      260  0.051
	    -------------------------------------------------------- ----------------
	             incl.   138.7     161.5      22.8          4.78       75  0.139
	    -------------------------------------------------------- ----------------
	             incl.   147.8     161.5      13.7          7.59       45  0.221
	    -------------------------------------------------------- ----------------
	                (x)Aggregate Thickness   120.4          1.39    395.0  0.041
	    -------------------------------------------------------- ----------------

	    -------------------------------------------------------- ----------------
	       RSC-022
	     North Stock      56.4     184.4     128.0          1.23      420  0.036
	                   ----------------------------------------- ----------------
	             incl.    59.4      65.5       6.1          1.45       20  0.042
	                   ----------------------------------------- ----------------
	             incl.    97.3     129.5      32.2          1.76      105  0.051
	                   ----------------------------------------- ----------------
	             incl.   121.9     128.0       6.1          3.90       20  0.114
	                   ----------------------------------------- ----------------
	             incl.   137.2     157.0      19.8          1.80       65  0.052
	                   ----------------------------------------- ----------------
	             incl.   167.6     181.4      13.8          2.55       45  0.074
	                   ----------------------------------------- ----------------
	             incl.   176.8     179.8       3.0          6.03       10  0.176
	                   ----------------------------------------- ----------------
	                     195.1     205.7      10.6          1.02       35  0.030
	                   ----------------------------------------- ----------------
	                (x)Aggregate Thickness   138.6          1.21    455.0  0.035
	    -------------------------------------------------------- ----------------

	    -------------------------------------------------------- ----------------
	       RSC-024        36.6      47.2      10.6          0.33       35  0.010
	     North Stock   ----------------------------------------- ----------------
	                      56.4      68.6      12.2          0.49       40  0.014
	                   ----------------------------------------- ----------------
	                (x)Aggregate Thickness    22.8          0.42       75  0.012
	    -------------------------------------------------------- ----------------

	    -------------------------------------------------------- ----------------
	       RSC-023
	     South Stock      Low Level Gold
	    -------------------------------------------------------- ----------------

	    -------------------------------------------------------- ----------------
	       RSC-025
	     South Stock      Low Level Gold
	    -------------------------------------------------------- ----------------
	    

(x)Explanation of Aggregate Thickness Measurements

The aggregate thicknesses listed in the above table are not continuous intervals. This number is provided to give an indication of the total thickness of gold mineralization intersected in the drill hole using a nominal cutoff of 0.25 gpt Au. This aggregate thickness number is provided for convenience only. It is not an indication of continuity or minability of mineralization. For each drill hole it is a simple summation of the thickness of each primary interval reported in the table, with a weighted average grade for the combined intervals. The material between these reported intervals has an overall average grade below cutoff.

Carlin Project

In its news release (7/31/09) the Company reported that drilling at the Carlin property has intersected visually identified alteration and sulfides in highly host rocks similar to those that host major zones of gold mineralization in the gold deposits in the Carlin Trend. The Company plans to drill wedge holes from the current drill hole, and has started a second drill hole on the property. Assays from the Carlin drilling are still pending and are expected within several weeks. The Carlin property is included as part of an agreement with subsidiary companies of Newmont Mining Corporation.

About Evolving Gold Corp.

Evolving Gold is focused on its discovery property - Rattlesnake Hills, Wyoming. Rattlesnake Hills is an alkalic gold system, similar in geology with the Cripple Creek gold district in Colorado. Drilling at Rattlesnake Hills is focused on the North Stock and Antelope Basin targets. Evolving has the option to acquire 100% of the Rattlesnake Hills project.

Evolving also has eight other gold properties in New Mexico and Nevada including a lease agreement with Newmont Mining Corporation on four prospective gold properties (North Carlin District Properties) located within the prolific Carlin Trend (see press release 12/5/2007).

The Company presently holds approximately $19 million in its Treasury after paying drilling and other exploration costs incurred to date.

For more information about Evolving Gold Corp please visit: www.evolvinggold.com. To receive regular updates from EVG or to receive a follow-up call from Investor Relations please sign up at: http://evolvinggold.com/sign-up.php

In compliance with National Instrument 43-101, Quinton Hennigh, Ph.D., P.Geo, is the Qualified Person responsible for the accuracy of this news release.

	    On Behalf of the Board of Directors
	    EVOLVING GOLD CORP.

	    "Robert Barker"
	    Robert Barker
	    CEO and Director
	    

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.

	    Neither TSX Venture Exchange nor its Regulation Services Provider (as
	    that term is defined in the policies of the TSX Venture Exchange) accepts
	    responsibility for the adequacy or accuracy of this release.
	    

For further information

Evolving Gold Corp., Robert Bick, Executive Chairman, robert@evolvinggold.com, Direct: (604) 685-6375, Toll Free: 1-866-604-3864, www.EvolvingGold.com
Investor Relations: First Canadian Capital Corp., Leo Karabelas, Tel: (416) 742-5600 ext. 235, lkarabelas@firstcanadiancapital.com
Senergy Communications Inc., Shiro Rae, Tel: (778) 331-2097, shiro@senergyir.com
Investors can post questions and receive answers at the Evolving Gold Corp IR Hub at http://www.agoracom.com/IR/evolving