Evolving Gold Corp.
CNQ : GOLD

Evolving Gold Corp.

January 10, 2005 17:28 ET

Evolving Gold Closes Non-Brokered, Private Placement


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: EVOLVING GOLD CORPORATION

CNQ SYMBOL: GOLD

JANUARY 10, 2005 - 17:28 ET

Evolving Gold Closes Non-Brokered, Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 10, 2005) - Evolving
Gold Corporation (CNQ:GOLD) (the"Company") reports today that further to
the Company's press release of December 6, 2004, the Company has closed
the non-brokered private placement. The financing is comprised of
600,000 units at a price of $0.16 per unit. Each unit consists of one
common share and one non-transferable share purchase warrant which will
entitle the holder to purchase an additional common share of the Company
at a price of $0.25 per share for a period of two years expiring January
9, 2007.

The Company received gross proceeds of $96,000. All shares and warrants
are subject to a four-month hold period, expiring May 9, 2005, in
accordance with the Canadian National Quotation System ("CNQ") and the
provisions of the BC Securities Act.

The proceeds of the private placement will be used for the acquisition
of the Company's mineral properties and general working capital.

On behalf of Evolving Gold Corporation

Lawrence A. Dick, Ph.D., P.Geo, President

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Evolving Gold Corporation
    Lawrence A. Dick, Ph.D., P.Geo
    President
    (604) 685-6375
    Email: info@evolvinggold.com