Evolving Gold Announces Dr. Chris Osterman as Board Member and Consulting Geologist

News Release

Evolving Gold Announces Dr. Chris Osterman as Board Member and Consulting Geologist

Vancouver, British Columbia, July 15, 2004: Evolving Gold Corporation (CNQ:GOLD) is pleased to announce that Dr. Chris Osterman has been appointed to the board of directors. Dr. Osterman has 25 years of experience in the mining and exploration industry on several continents. Starting as a mining engineer at the San Manuel mine in Arizona, Dr. Osterman later received a M.S. in Geological Engineering from the University of Arizona and a Ph.D. in Geology from the Colorado School of Mines. His experience includes gold, nickel and copper mining and exploration in Southern Africa, silver exploration in Bolivia, and porphyry copper exploration in Chile, Peru and Mongolia. He has spent over three years in search for epithermal gold and silver deposits in the western Sierra Madres and porphyry copper deposits in Sonora, Mexico.

Dr. Osterman has been granted by the board of directors, the option to purchase 250,000 shares at $0.25, subject to exchange acceptance.

On behalf of Evolving Gold Corporation.

Warren McIntyre, Director