VANCOUVER, Dec 12, 2008 -- Evolving Gold Corp. (TSXV: EVG) (FSE:EV7) (the "Company") completed its 2008 drill program on its North Carlin District Properties in late September, and all outstanding assay results have been returned. Rock conditions at the Sheep Creeks and Boulder Valley properties were very poor resulting in slower drilling and higher costs. Planned drilling on the Carlin and Cottonwood Creek properties was suspended due to permitting issues.

"Our North Carlin Drill Program has been both exciting and frustrating. The results substantiated the Company's model that gold mineralization could be found at reasonable depth in an area between the Carlin and Getchell trends. At the same time, we encountered extremely difficult ground conditions causing the termination of several holes. Given our discovery at Rattlesnake Hills, Wyoming and the current state of the market, we will conduct a careful analysis to determine how to proceed with further exploration at the North Carlin Properties." states Chief Geologist and President, Dr. Quinton Hennigh.

Sheep Creeks

The Company previously reported (press release 1/23/08) that a reverse circulation drill hole encountered 235 meters of anomalous mineralization averaging 0.23 grams per tonne (gpt) gold from 216 meters depth to the bottom of the hole at 451 meters, with individual 1.6 meter intervals ranging up to 1.56 gpt gold.

A subsequent core drill hole reported intermittent highly anomalous gold values ranging from 0.1 gpt to a high value of 4.8 gpt. Significant intervals include 4 meters grading 1.69 gpt gold from 347-351 meters including a 2 meter interval of 3.12 gpt gold from 348-350 meters. Highly anomalous pathfinder elements including arsenic, antimony, mercury and thallium accompany anomalous gold values. A one meter interval at 338 metres depth returned 196 gpt silver. All mineralization occurs in volcanic rocks (press release 2/28/08).

Further core hole drilling was completed by late September on the Sheep Creeks property with results as follows:

RCC-002 intersected intermittent intervals of anomalous gold, 0.1-0.6 gpt, at depths of 291-429, 444-481, 522-539 and 552-584. The hole was collared approximately 120 meters SW of RC-001, drilled vertically and terminated at 584 meters, The highest individual assay was 1.06 gpt gold over 1 meter at 463 meters.

RCC-003 encountered anomalous gold, 0.1-0.4 gpt, with highly anomalous pathfinder elements beginning at 304 meters to 400 metres, the end of the hole. All mineralization is hosted by volcanic rocks. This hole was abandoned at 400 metres when snowmelt caused flooding along the access to the drill site and operations were abruptly suspended for two months. Two intervals, each 1 meter long, encountered high grade silver mineralization, 230 gpt at 337 meters and 120 gpt at 341 meters.

RCC-004 and RCC-005 were terminated due to poor ground conditions.

RCC-006, was drilled to a depth of 907 meters and encountered intermittent anomalous gold values, 0.1-0.7 gpt, from 288 meters to the end of the hole, often associated with anomalous pathfinder elements. Several narrow epithermal quartz veins were intersected with associated silver grades of 10-100 gpt. Carbonaceous argillites were encountered beneath volcanic cover beginning at 553 meters.

Boulder Valley

Six holes, three reverse circulation and three diamond core, were attempted on various targets at the Boulder Valley property on the northern Carlin Trend. All holes failed to reach their target depths due to poor ground conditions. A follow-up IP survey indicates these holes appear to have failed in a gravel horizon lying between volcanic cover and underlying sedimentary rocks at depths of 300-400 meters. Consideration is being given to how these targets might be drilled in the future.

Jake Creek

An extensive mercury vapor survey was undertaken by Evolving Gold on the 100% owned Jake Creek property. Four robust anomalies have been identified, each covering an area several hundred meters in diameter. Three of these lie in the NW portion of the property approximately 5 km SE of the Twin Creeks mine owned by Newmont Mining. One of these anomalies is situated over an historic drill hole drilled by Gold Fields Exploration in the late 1980's that reportedly encountered significant anomalous gold values and pathfinder elements. Evolving is considering a four-hole drill program to test these anomalies.

Carlin and Cottonwood Creek

In late September, planned drilling on the Carlin and Cottonwood Creek properties was suspended due to permitting complications. Newmont Mining has agreed to defer Evolving's work commitments on these properties.

About Evolving Gold Corp.

Evolving Gold is focused on its discovery property - Rattlesnake Hills, Wyoming. Assay results for the first seven holes reveal an intersection of 2.92 Grams/Tonne over 146 Meters (RSC 003) and 2.74 Grams/Tonne over 131 meters (RSC 007). The Company has completed a 15 hole, 6,500 meter drilling program on this property with the remaining assay results coming out over the next months. Evolving has the option to acquire 100% of the Rattlesnake Hills project.

Evolving also has 8 other gold properties primarily in Nevada including a lease agreement with Newmont Mining Corporation on four prospective gold properties (North Carlin District Properties) located within the prolific Carlin Gold Trend (see press release 12/5/2007).

Evolving Gold has over $18 million in its treasury.

In compliance with National Instrument 43-101, Quinton Hennigh, Ph.D., P.Geo., Chief Geologist and President of the Company, is the Qualified Person responsible for the accuracy of this news release.

On Behalf of the Board of Directors

EVOLVING GOLD CORP.

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Robert W. Barker, Ph.D., P.Geo

C.E.O. and Director

Investors can post questions and receive answers or review questions and answers posted by other investors at the Evolving Gold Corp. IR Hub at http://www.agoracom.com/IR/evolving. Investors can also e-mail evg@agoracom.com with questions and correspondence or request to be added to the investor email list to receive all future press releases and updates in real time.

FORWARD LOOKING STATEMENTS: This document includes forward-looking statements as well as historical information. Forward-looking statements include, but are not limited to, the continued advancement of Evolving's general business development, research development and Evolving's development of mineral exploration projects. When used in this document, the words "anticipate", "believe", "estimate", "expect", "intent", "may", "project", "plan", "should" and similar expressions may identify forward-looking statements. Although Evolving Gold Corp. believes that their expectations reflected in these forward looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements include the potential that Evolving's mineral deposit(s), fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the ability to obtain financing and other risks disclosed in our annual report on Form 20F filed with the U.S. Securities and Exchange Commission and filings made with the Canadian Securities Regulators.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.