Evolving Gold Corp.
OTC Bulletin Board : EVOGF

Evolving Gold Corp.

August 30, 2005 13:42 ET

Evolving Gold Announces Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 30, 2005) - Evolving Gold Corp. (CNQ:GOLD)(OTCBB:EVOGF) is pleased to announce that the Company has agreed to a non-brokered private placement for total proceeds of $145,000. The financing is comprised of 290,000 units at $0.50 per unit. Each unit will consist 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 $0.55 per share for a period of two years.

The proceeds of the private placement will be used for general working capital.

On behalf of Evolving Gold Corp.

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

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