Evolving Gold Commences Trading on the Toronto Stock Exchange

VANCOUVER, Dec. 7 /CNW/ - Evolving Gold Corp. (TSXV: EVG) (FSE: EV7) (the "Company") is pleased to announce that pursuant to a conditional approval for listing granted by the Toronto Stock Exchange ("TSX"), its common shares will be listed and commence trading on the TSX, effective at market opening, on Tuesday, December 7, 2010, under the continued symbol "EVG". As a result of the move to the TSX, the Company's common shares will be delisted from the TSX Venture Exchange ("TSX-V") at the commencement of trading on the TSX.

"We are extremely pleased to make this move to the Toronto Stock Exchange (TSX)," says Robert Barker, CEO of Evolving Gold Corp. "We believe this move will facilitate additional investment in Evolving Gold Corp. from institutional investors and will provide a significant benefit to our shareholders as a whole."

About Evolving Gold Corp.

Evolving Gold is focused on exploring its gold discovery at Rattlesnake Hills, Wyoming, an alkalic gold system, similar to the Cripple Creek gold district in Colorado, and on four gold properties in and adjacent to the productive Carlin district of northern Nevada, two of which are 100% controlled by Evolving Gold.

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

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:

Investor Relations:
Graham Johnstone
Tel: [phone]
[email protected]