VANCOUVER, Feb. 12 /CNW/ - Evolving Gold Corp. (TSXV: EVG.V) FSE:EV7) (the "Company") is pleased to announce that metallic screen re-assays have significantly increased gold values in both lower grade and high grade sections.

   
                       Metallic Screen Re-assay Summary
    -------------------------------------------------------  ----------------
                                         30g Fire  Metallic
                 From      To    Interval  Assay    Screen   Interval  Gold
      Hole     (meters) (meters) (meters) gpt gold Re-Assay    (ft)   oz/ton
                                                   Gold gpt        (Re-Assay)
    -------------------------------------------------------  ----------------
    RSC-006      446.5    544.7     98.1     0.92     1.10      322    0.032
    -------------------------------------------------------  ----------------
    -------------------------------------------------------  ----------------
                 105.2    236.2    131.1     2.74     2.84      430    0.083
    -------------------------------------------------------  ----------------
                 185.9    219.5     33.5     3.91     4.15      110    0.121
    -------------------------------------------------------  ----------------
    -------------------------------------------------------  ----------------
    RSC-003
    (Previously
    reported)    149.4    295.7    146.3     2.48     2.92      480    0.085
    -------------------------------------------------------  ----------------
   

These re-assays indicate potential that the true grade may be significantly higher than indicated by the original 30g fire assays. The Company is conducting a larger re-assay program of lower grade intervals using metallic screen assay protocols.

Summary of Previous Assay Data for Rattlesnake Hills

The Company previously announced coherent intervals of high grade gold mineralization in holes 65 meters apart:

   
    -   2.92 gpt over 146 meters (480 ft at 0.085 oz/ton) - Hole RSC-003
    -   2.74 gpt over 131 meters (430 ft at 0.080 oz/ton) - Hole RSC-007 (now
        re-assayed at 2.84 gpt, 0.083 oz/ton)

    As previously announced, this high grade zone lies within a large halo of
gold mineralization, including aggregate down hole intervals of:

    -   359.6 meters at 0.90 gpt (1,179 ft at 0.026 oz/ton) - Hole RSC-012
    -   307.4 meters of 0.77 gpt (1,010 ft of 0.022 oz/ton) - Hole RSC-006
    -   274.0 meters at 0.65 gpt (900 ft of 0.019 oz/ton) - Hole RSC-005
    -   269.1 meters at 0.55 gpt (885 ft of 0.016 oz/ton) - Hole RSC-009
   

These long aggregate intervals, though not continuous, indicate a large zone of gold mineralization starting close to the surface. The large halo of lower grade gold mineralization, surrounding the high grade gold zones, is typical of other large alkaline gold systems such as Cripple Creek in Colorado where historic mining produced approximately 20 million ounces of gold from high grade underground operations. Anglo Ashanti is currently mining the low grade halo to the high grade gold mineralization at Cripple Creek in an open pit with a nominal cutoff of approximately 0.25 gpt gold.

Final Assay Results for Phase 1 Drill Program

Drill holes RSC-010 and 015 were aimed to test the western extension of the high grade gold in drill holes RSC-003 and 007. The high grade zone appears to pass between these two drill holes. It is clear that hole RSC-015 deviated away from the projected high grade zone, and hole RSC-010 failed when it encountered a large void at about 70 m depth well before reaching the projected high grade zone. RSC-008 and RSC-014 failed to reach the contact target zone.

   
                                Assay Results
    -----------------------------------------------------  ------------------
                  From       To     Interval    Gold       Interval  Gold
     Hole       (meters)  (meters)  (meters) grams/tonne     (ft)   oz/ton
    -----------------------------------------------------  ------------------
    RSC-010       42.7        64      21.3      0.39          70     0.011
    -----------------------------------------------------  ------------------
                  12.2        32      19.8      0.32          65     0.010
              -------------------------------------------  ------------------
    RSC-015       41.1      89.9      48.8      0.80         160     0.023
              -------------------------------------------  ------------------
                 359.7     373.4      13.7      0.32          45     0.010
    -----------------------------------------------------  ------------------
    -----------------------------------------------------  ------------------
                 129.5     146.3      16.8      0.32          55     0.010
    RSC-080   -------------------------------------------  ------------------
                 239.3     249.9      10.6      0.28          35     0.008
    -----------------------------------------------------  ------------------
    -----------------------------------------------------  ------------------
                   7.6      42.7      35.1      1.12         115     0.032
              -------------------------------------------  ------------------
          incl.   22.9        29       6.1      2.00          20     0.058
              -------------------------------------------  ------------------
                 292.6     304.8      12.2      0.39          40     0.011
    RSC-014   -------------------------------------------  ------------------
                 323.1     341.4      18.3      0.31          60     0.009
              -------------------------------------------  ------------------
                 428.2     438.9      10.7      0.45          35     0.013
              -------------------------------------------  ------------------
                 451.1     459.4       8.3      0.30          27     0.009
    -----------------------------------------------------  ------------------
   

Phase Two Drill Program

Dr. Quinton Hennigh, Chief Geologist and President explains, "With the fifteen drill holes we have completed at Rattlesnake, we are beginning to define the geology and controls on gold mineralization. Within the next month, we will present a detailed analysis of all our results and a comprehensive model of this large system."

"This model will outline our plans for our Phase Two drill program in 2009 which will continue to define the size and grade potential of the North Stock Diatreme and test additional targets such as Antelope Basin, South Stock and the intervening ground between these targets. Three core drills will be employed to aggressively drill at least 12,000 meters. We are anxious to get back to drilling and hope to be started as soon as early May."

About Evolving Gold Corp.

Our focus is finding multi-million ounce gold deposits in proven gold producing areas in Western USA. Our geoscience team has over 200 years of collective experience.

Evolving Gold has over $17 million in its treasury.

Additional Assay Information for Rattlesnake Hills

The assays were implemented by the SGS Group. Samples were analyzed by 30g fire assay and an ICP finish, and all values over 10 gpt gold were re-assayed by 30g fire assay and gravimetric finish. All metallic screen fire assays were undertaken by the SGS Group, with the coarse fraction assayed in its entirety and two 30g fire assays completed for the fine fraction. Accurate estimates of the true widths of the mineralized intersections are not available at this early stage in the exploration program on the property.

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

   
    On Behalf of the Board of Directors
    EVOLVING GOLD CORP.

    "signed"
    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 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.

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

Contacts

Evolving Gold Corp.
Robert Bick
Executive Chairman
robert@evolvinggold.com
General: (604) 685-6375
Toll Free: 1-866-604-3864
www.EvolvingGold.com