Evolving Gold Announces receipt of filing Form 20F with U.S. Securities and Exchange Commission

October 1, 2004, Vancouver, British Columbia: Evolving Gold Corporation (CNQ: GOLD) announces the receipt of filing a Form 20F with the U.S. Securities and Exchange Commission. The Form 20F is the first step in enabling the company to becoming a foreign issuer on the OTCBB.

Registration statements relating to these securities have been filed with the U.S. Securities and Exchange Commission but have not yet become effective. The securities may not be sold, nor may offers to buy be accepted prior to the appropriate registration statement becoming effective. This shall not constitute an offer to sell or solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under securities of such state.

Lawrence A. Dick Ph.D., P.Geo, President of Evolving Gold Corp., states that: “Evolving Gold is continuing to investigate and evaluate many different, precious metals projects, in North and Central America, for the Company.

On Behalf of the Board of Directors
EVOLVING GOLD CORPORATION

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

Contact Information:
Mr. David Eaton, Corporate Communications
604.685.6375 office.

E-Mail: info@evolvinggold.com
Web Site: www.evolvinggold.com

Forward-Looking Statement

This press release includes certain “Forward-Looking Statements” within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended. All statements regarding potential mineralization, reserves, exploration results, and future plans and objectives of Evolving Gold, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from these forward-looking statements include: the outcome of assays and additional exploration sampling and drilling efforts, delay in permits or approvals, technical or permitting problems, unanticipated drilling problems or costs, variations in ore grade, and other factors disclosed under the heading “Risk Factors” in Evolving Gold’s Annual Report for the year ended March 31, 2004 and elsewhere in Evolving Gold’s documents filed from time to time with the Canadian National Quotations (CNQ), The United States Securities and Exchange Commission and other regulatory authorities.