Data review on Winnemucca Mountain property reveals 2.2 ounces (68.6 grams) per ton gold over 5 feet (1.5 meters) in drill intercept.

Vancouver, British Columbia, February 18, 2005: Evolving Gold Corporation (CNQ:GOLD) is pleased to report that a preliminary review of an extensive database of previous exploration programs, including historical reverse circulation drilling results, has provided positive information, including a five foot (1.5 meter) drill intercept containing 2.2 ounces per ton (68.6 grams per ton) gold. This drill intercept, which has never been followed up, is located approximately 1,600 feet (500 meters) north-west of a gold-mineralized zone (the Swordfish Zone) within which gold grades are reported to range up to 0.125 ounces (3.9 grams) per ton gold over a 43.5 feet (13.7 meter) interval.

Evolving Gold (the “Company”) earlier announced (see press release dated December 6, 2004) that it had entered into an option agreement with Golden Sands Exploration Inc. to acquire a 100 percent interest in the Winnemucca Mountain property, subject to a 2% net smelter royalty. The property consists of 72 unpatented mineral claims covering about 560 hectares in Humboldt County, in northwestern Nevada. The property, which has excellent road access, is located about 25 km northwest of Newmont’s Lone Tree gold mine (pre-production resource reported as 4.2 million ounces of gold) and 30 km southeast of the Sleeper gold mine (1.7 million ounces of gold and 2.3 million ounces of silver produced between 1986 and 1996).

The property is situated near the northern end of the highly productive Battle Mountain-Eureka gold trend, and is underlain by Triassic age sediments and Cretaceous and Tertiary age intrusive rocks. Previous exploration work by Santa Fe Pacific Mining (now Newmont) focused on the pediment-covered Swordfish Zone between 1988 and 1990. Gold mineralization at the Swordfish Zone occurs within a northeast-trending, low sulfide, quartz-adularia vein-type system. Santa Fe completed 73 reverse circulation drill holes, nearly all of which were focused on the Swordfish Zone, and reported results ranging up to 13.7 meters averaging 3.9 grams per ton gold. Santa Fe also calculated a resource within this one zone of 4.15 million tons grading 0.82 grams per ton gold (this historical resource is not NI 43-101 compliant, has not been verified by the Company, is presented for disclosure purposes only, and should not be relied on).

Near the end of Santa Fe’s tenure on the property, a step-out hole, approximately 500 meters northeast of the Swordfish Zone, encountered 2.2 ounces per ton (68.6 grams per ton) gold across a 5 foot (1.5 meter) hole length, at what is now called the SF Extension Zone. This intercept has never been followed up by further drilling, and has been interpreted by the Company to indicate that the Swordfish Zone may be much more extensive than previously indicated, and that higher gold grades may occur in structurally-controlled zones northeast of Swordfish. The SF Extension, and beyond to the northeast, is a high-priority drill target for the Company.

In addition to the Swordfish and SF Extension areas, additional exploration targets have been identified and are comprised of multiple outcropping vein-style occurrences reported to carry anomalous gold values that have yet to be explored in detail.

Evolving Gold plans to complete a more detailed compilation of existing data, followed by a field program during the 2005 spring and summer months which will consist of surface geological mapping, geophysics, and drilling of the higher priority targets.

In compliance with NI 43-101, Lawrence A. Dick, Ph.D., P.Geo., is the Qualified Person responsible for the technical accuracy of this news release. Insufficient information is available to determine true width of drill intercepts. An independent NI 43-101 compliant technical report has been submitted.

On behalf of Evolving Gold Corporation

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