Evolving Gold Corp. - Drill Hole CAR-008 Continues to Expand the Gold System
at Carlin Over 800 Meters Between CAR-002 and CAR-008

VANCOUVER, June 30 /CNW/ - Evolving Gold Corp. (TSXV: EVG) (FSE: EV7) (the "Company") confirms that drill hole CAR-008 has intersected anomalous gold mineralization over 800 meters (2,600 feet) distant from its first hole, CAR-002, at its Carlin project in the south Carlin Trend in Nevada. The highly anomalous gold mineralization in CAR-008, along with visual arsenic and antimony mineralization, continues to expand the size of this gold bearing hydrothermal system.

    
    -   Drill hole CAR-008, offset approximately 205 meters (670 feet) NW
        from hole CAR-007, intersected gold mineralization in favorable
        stratigraphic units. As previously reported, CAR-007 intersected 18.3
        meters averaging 11.7 gpt Au (60.0 feet at 0.340 opt Au).

    -   The gold anomalous zones in CAR-008 correlate with mineralization
        previously intersected in drill holes CAR-002 and CAR-007. The zone
        of gold mineralization now extends for over 800 meters (2,600 feet)
        between CAR-002 and CAR-008.

    -   Anomalous gold intervals are present between 633 and 1,198 meters
        down hole in CAR-008, or a distance 565 meters (1,853 feet) down
        hole.

    -   The anomalous gold, up to 2.09 gpt Au (0.061 opt Au), at
        631-650 meters (2,070-2,130 feet) correlates with the interpreted
        lower Webb Formation, host to the Rain mine mineralization and
        similar zones in holes CAR-002 and CAR-007. Anomalous gold, up to
        4.21 gpt Au (0.123 opt Au), from 1,164 meters (3,820 feet) to the
        bottom of the hole at 1,198 meters (3,930 feet), also correlates with
        similar zones near the bottom of holes CAR-002 and CAR-007, in what
        is interpreted to be Popovich Formation.
    

Quinton Hennigh, President and Chief Geologist comments, "The importance of these results should not be underestimated. Drilling 205 meters away from CAR-007 is a very large offset in the Carlin Trend. The mineralized intervals in CAR-008 continue to demonstrate the size potential of this system. Repeated zones of gold mineralization, accompanied by arsenic and antimony, extend from 633 meters (2,077 feet) down to the bottom of the hole at 1,198 meters (3,930 feet), a down hole distance of 565 meters (1,853 feet). The size potential identified is not a surprise to us, considering the productivity and deposits of the Carlin Trend. With over 800 meters (2,600 feet) between CAR-008 and CAR-002, it is clear that we are drilling in a very large gold system."

Hole CAR-009, offset approximately 180 m (590 feet) SE from hole CAR-007, was completed on June 22 at a depth of 1,308 m (4,289 feet). Holes CAR-002, 007, 008 and 009 are located in one target area, all within Section 3, a single square mile south of the town of Carlin. Evolving Gold has secured a land position in the southern Carlin Trend of 56 sections, or approximately 145 square kilometers.

"We have moved the drill from Section 3 to a new target on our 100% controlled land in Section 13 of our Humboldt project, about 2.5 miles (4.0 km) to the southeast," continues Hennigh. "We have already developed nine new drill targets on our large land position, and we are excited about the discovery potential here in the heart of the Carlin Trend. We will continue drilling on the Carlin and Humboldt projects throughout the summer."

Mineralized Intervals:

    
    -------------------------------------------------------------------------
                                      Length              Length
    CAR-008      From (m)    To (m)     (m)      Gpt Au    (ft)     Opt Au
    -------------------------------------------------------------------------
                   633.0      637.0      4.0      1.26      13.0     0.037
    -------------------------------------------------------------------------
                   647.4      648.0      0.6      2.09       2.0     0.061
    -------------------------------------------------------------------------
                 1,075.9    1,079.6      3.7      0.59      12.0     0.017
    -------------------------------------------------------------------------
                 1,087.4    1,090.7      3.3      0.80      11.0     0.023
    -------------------------------------------------------------------------
    Includes     1,087.4    1,087.8      0.4      4.21       1.5     0.123
    -------------------------------------------------------------------------
                 1,168.9    1,197.9     29.0      0.46      95.0     0.014
    -------------------------------------------------------------------------
    Includes     1,168.9    1,176.4      7.5      1.17      24.0     0.034
    -------------------------------------------------------------------------
    

True widths of mineralization in this drill hole, at this stage of exploration, are not precisely known. Gold assays were completed by SGS Canada Inc. in Toronto, using a 30 gram charge, fire assay, with an ICP finish.

About Evolving Gold Corp.

Evolving Gold is focused on exploring its significant discovery at Rattlesnake Hills, Wyoming, an alkalic gold system, similar to the Cripple Creek gold district in Colorado, and on gold properties in and adjacent to the productive Carlin district of northern Nevada.

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.

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., Investor Relations: Leo Karabelas, Tel: [phone], [email protected]