VANCOUVER, July 13, 2012 /CNW/ - Evolving Gold Corp. (TSX: EVG) (FSE: EV7) (OTCQX: EVOGF) (the "Company") announces that it has granted incentive stock options to certain directors, officers and employees to purchase up to a total of 3,175,000 common shares in the capital stock of the Company, exercisable for five years at a price of $0.32 per share.

About Evolving Gold Corp.

Evolving Gold Corp. (the "Company") is a Canadian-based gold exploration company engaged in the acquisition, exploration and development of natural resource properties. The Company's focus is drill intensive exploration of properties believed to have potential for the discovery of bulk tonnage and/or high grade gold deposits of significant economic interest. Our most notable projects are the advanced discovery properties at Rattlesnake Hills, Wyoming, and in the Carlin Trend of Nevada, where the Company is exploring a combination of privately-owned mineral rights and unpatented mining claims that covers approximately 145 km2 on the Carlin Trend - which the Company believes is the second largest land holding in the trend.

For more information about Evolving Gold please visit: www.evolvinggold.com

On Behalf of the Board of Directors
EVOLVING GOLD CORP.

"R. Bruce Duncan"

President, CEO and Director

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).