Evolving Gold Corp. Closes Private Placement

VANCOUVER, BRITISH COLUMBIA, Sep 14, 2005 (CCNMatthews via COMTEX) — Evolving Gold Corp. (CNQ:GOLD)(OTCBB:EVOGF) is pleased to announce that it has closed the Private Placement announced on August 30, 2005 comprising 290,000 units for a value of $145,000.00 CDN. Each unit is comprised of one common share and one non-transferable, share purchase warrant. Each warrant will entitle the holder to purchase one common share of the Company for a period of two years, at a price of $0.55.

Shares issued pursuant to the Private Placement, as well as any shares issued pursuant to the exercise of the warrants, are subject to a four-month hold expiring January 15, 2006.

On behalf of the Board of Directors

EVOLVING GOLD CORP

Lawrence A. Dick, President and CEO