Evolving Gold Announces Option of Winnemuca Property from Golden Sands Exploration Inc.

Vancouver, British Columbia, December 6, 2004: Evolving Gold Corporation (CNQ:GOLD) is pleased to announce that the Company has signed an option agreement with Golden Sands Exploration Inc. (Optionor) of Vancouver, B.C. and AHL Holding Ltd.,(Optionor Sub) of Nevada for the option to purchase 100% of the 62 claims of the Winnemuca Gold Property located in Humboldt County, in the State of Nevada. Evolving agrees to pay $70,000 US, issue and deliver 1,800,000 shares and incur at least $4.0 million of exploration and development costs by December 31, 2008. During the first year of the agreement, Evolving will issue to the Optionor a total of 900,000 shares and agrees to incurr exploration expenses of not less than 70% of the funds raised by the Optionee from the date of the agreement to and including October 31, 2005. A finders fee of 100,000 shares is payable and will be subject to a hold period of four months.

Further characteristic of the geological setting and gold mineralization at the Winnemuca Property will be released upon completion of the 43-101 report.

The Company announces that it has agreed to a non-brokered private placement for total proceeds of $96,000. The financing is comprised of 600,000 units at $0.16 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 $0.25 per share for a period of two years.

The proceeds of the private placement will be used for the acquisition of the Company’s mineral properties and general working capital.

On behalf of Evolving Gold Corporation.

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