High Grade Gold Intersected In New Gold Target At Rattlesnake Hills 

VANCOUVER, BC - Evolving Gold Corp. reported an update of drilling at its Rattlesnake Hills gold property in Wyoming, a joint venture with Agnico-Eagle (USA) Limited (Agnico-Eagle). Core drilling during identified high grade gold mineralization at a new target at South Stock, identified a new porphyry target at Northeast Stock, expanded the North Stock mineralization, and confirmed the porphyry target between North Stock and Antelope Basin Agnico-Eagle is the manager of the Rattlesnake Hills joint venture and is funding 100 percent of the exploration program.

The exploration program at Rattlesnake Hills included a total of 8,193m (26,880 ft) of core drilling in 24 holes. The South Stock Target. Exploration drilling has intersected high-grade gold mineralization at the new "South Stock" gold target in drill hole RSC-180, 3.1m of 9.30g/t Au. This new gold zone is located 500m south of the Antelope Basin Gold Zone and is hosted by stockwork adularia-dolomite-sulfide veinlets. Soil and rock chip geochemistry shows gold anomalies over an area larger than at the North Stock Gold Zone. The North Stock Gold Zone: Drilling at the North Stock Gold Zone has enlarged and confirmed lateral continuity of grade across the known deposit. Drill holes intersections include 102.1m of 0.69g/t Au in RSC-170, 62.5m of 1.84g/t Au in RSC-171 and 42.7m of 1.13g/t Au in RSC-175. The North East Stock Target: The first exploration drill tests of the new North East Stock Target (RSC-172,-173,-174) intersected intensely altered porphyry stocks that do not outcrop, demonstrating potential for large, hidden, gold-mineralized porphyry bodies. The  Porphyry Target: Drill hole RSC-168, in the Porphyry Target Zone, immediately south east of North Stock, hosts multiple low to moderate grade gold intercepts in diorite and porphyry intrusions, associated with stockwork veinlet and intense potassic alteration.

"The exploration drilling program has continued to intersect new gold zones and expand on the known gold mineralization at the Rattlesnake Hills Project. We are particularly excited to demonstrate high grade gold at South Stock, a new gold zone drilled for the first time in 2011", said William Gee, CEO. "Surface work shows that South Stock represents a large new zone of essentially untested anomalous gold mineralization, close to the center of this large gold system. South Stock, Northeast Stock, and several additional new drill targets generated by extensive surface sampling will be a focus of our 2012 exploration program."

All drill hole averages are weighted averages, weighting each assay interval according to the core length for that assay interval. All assay intervals are included in the average, with no bottom cut-off. True widths of mineralization in these drill holes, at this stage of exploration, are not precisely known.

Drill samples were collected with a diamond core drill. Sample intervals are 1.5 m (5 feet), but in some instances sample intervals were based on geology and alteration. Half core was shipped to American Assay Laboratories in Elko, Nevada for preparation and to American's facility in Sparks, Nevada for analysis. Gold assays were determined using standard fire assay techniques on 30-gram pulps with an atomic absorption finish. Agnico-Eagle QA/QC included the insertion of standards and blanks on a regular basis. Check assays were performed by SGS Minerals Services in Toronto, Ontario.

The company's address is 605 - 1166 Alberni Street, Vancouver, BC V6E 3Z3, 604.685.6375, fax: 604.909.1163, email: [email protected].