Evolving Gold to Settle Debt With Shares

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 6, 2014) - Evolving Gold Corp. (CSE:EVG)(FRANKFURT:EV7)(OTCQX:EVOGF) (the "Company") announces that it has entered into debt settlement agreements with three of its creditors whereby the Company will settle the outstanding indebtedness through the issuance of common shares at a deemed price of $0.02 per common share (the "Shares for Debt Transaction"). The Company will issue a further news release upon closing of the Shares for Debt Transaction with detailed numbers of the extinguished debt.

About Evolving Gold Corp:

Evolving Gold is focused on exploring its gold properties in and adjacent to the productive Carlin district of northern Nevada, and its gold discovery at Rattlesnake Hills, Wyoming.

For more information about Evolving Gold please visit: www.evolvinggold.com.

On Behalf of the Board of Directors

EVOLVING GOLD CORP.

"R. Bruce Duncan"

President, CEO and Director