Evolving Gold Continues Drilling at Carlin, Nevada

Evolving Gold Continues Drilling at Carlin, Nevada 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/26/12 -- Evolving
Gold Corp. (TSX:EVG) (FRANKFURT:EV7) (OTCQX:EVOGF) (the "Company")
announces it continues to drill on its Carlin gold project in Nevada
and has started drilling hole CAR-021.2. The Company's holdings at
Carlin and Humboldt are adjacent to the Rain Mine and Saddle Project
holdings by Premier Gold Mines Ltd. (PG-TSX) and various operating
mines of Newmont Mining Corp. (NMC-TSX). Drill Hole CAR-021.2 is part
of a program to focus on defining high grade gold mineralization
along the crest of the "Arch Zone", which has a strike length of at
least 700 meters. The Arch Zone and high grade gold mineralization is
completely open along strike. Gold results, as previously reported,
include 87 meters averaging 6.06 grams per tonne, which included six
high grade intervals with grades as high as of 57.9 grams per tonne
gold.  
The Company uses wedge holes at its Carlin property to maximize drill
coverage at the lowest possible costs. Drill hole CAR-021.2 is a
wedge hole starting at 1,900 feet in the parent hole targeting the
trend of recently reported high grade gold mineralization. Drilling
intercepts encountered in holes CAR-016.1, CAR-016.1.1, CAR-016.2 and
CAR-021 indicate a trend of mineralization that extends from high
grade intercepts in CAR-010 and CAR-007 to the East/Southeast. The
lower contact of the gold mineralization also dips steeply to the
East/Southeast into more calcareous and more favourable host rocks.
Because the upper contact of gold mineralization also continues with
the same East/Southeast trend and is relatively flat lying, there is
potential for a significant thickening of the zone of high grade gold
intersections. 
R. Bruce Duncan, CEO of Evolving Gold states, "Our drilling at Carlin
is designed to define and expand the high grade gold zone. The high
grade gold discoveries in each of our previous six drill programs
have identified a large zone of high grade gold mineralization that
extends along the entire crest of the Arch Zone that we have defined
between CAR-007 and CAR-002. The known strike length of the Arch Zone
is currently over 700 meters, and it is entirely open along strike.
We consider all of the Arch Zone, parti
cularly along the crest of the
Arch Zone, to be highly prospective for the discovery and definition
of additional high grade gold mineralization. The high grade gold we
have discovered lies at depths similar to underground mining already
underway elsewhere in the Carlin Trend and has gold grades similar or
even better than some of those operating, underground mines."  
At this stage of exploration, true thickness of intersections is not
precisely known. All assays discussed in this news release were
covered previously in earlier releases, and details of analytical
procedures and laboratories (SGS Canada Inc. and Inspectorate
America) utilized by the Company are identified in those releases.
All gold assay averages are weighted averages, weighting each assay
by the length of the core interval for that assay. All assay
intervals are included in the average, with no bottom cut-off. All
gold assays are completed utilizing standard fire assay techniques,
using a 30 gram charge. Over limits are completed using a gravimetric
finish. All reported intervals are assayed using the same techniques
with blank and standard inserts at the secondary lab upon completion
to meet internal and 43-101 QA/QC standards. 
In compliance with National Instrument 43-101, Dr. Quinton Hennigh,
Ph.D., P.Geo., is the Qualified Person responsible for the accuracy
of this news release. 
About Evolving Gold Corp. 
Evolving Gold is focused on exploring its gold properties in and
adjacent to the productive Carlin district of northern Nevada, and
its gold discovery at Rattlesnake Hills, Wyoming.  
For more information about Evolving Gold please visit:
www.evolvinggold.com.  
On Behalf of the Board of Directors 
EVOLVING GOLD CORP. 
R. Bruce Duncan, President, CEO and Director 
FORWARD LOOKING STATEMENTS: This news release contains
forward-looking statements, which relate to future events or future
performance and reflect management's current expectations and
assumptions. Such forward-looking statements reflect management's
current beliefs and are based on assumptions made by and information
currently available to the Company. Investors are cautioned that
these forward looking statements are neither promises nor guarantees,
and are subject to risks and uncertainties that may cause future
results to differ materially from those expected. These
forward-looking statements are made as of the date hereof and, except
as required under applicable securities legislation, the Company does
not assume any obligation to update or revise them to reflect new
events or circumstances. All of the forward-looking statements made
in this press release are qualified by these cautionary statements
and by those made in our filings with SEDAR in Canada (available at
www.sedar.com). 
Contacts:
Evolving Gold Corp.
Corporate Offices
604.685.6375 or Toll Free: 866.604.3864
info@evolvinggold.com
bruce@evolvinggold.com
www.evolvinggold.com