VANCOUVER, Nov. 18 /CNW/ - Evolving Gold Corp. (TSXV: EVG) (FSE: EV7) (the "Company") is pleased to
announce that the first two drill holes at its 100% owned Jake Creek
property in north-central Nevada have intersected gold mineralization
in a previously unexplored system. Results include 28.9 meters at 1.33
gpt Au (95 ft at 0.039 opt Au) including 1.5 meters at 11.3 gpt Au (5
ft at 0.330 opt Au) in drill hole JC-005.

Summary of Results:

• 
  Drill hole JC-005 intersected 45.7 meters at 0.97 gpt Au (150 ft at
  0.028 opt Au), including 28.9 meters at 1.33 gpt Au (95 ft at 0.039 opt
  Au), and 1.5 meters at 11.3 gpt Au (5 ft at 0.330 opt Au). Drill hole
  JC-001 intersected multiple zones of anomalous gold, with grades to
  0.36 gpt Au (0.011 opt Au) from 380 meters down hole to the end of the
  hole at 700 meters. Holes JC-002 through JC-004 remain to be drilled.
• 
  The high grade intersection in drill hole JC-005 is at a depth similar
  to that mined at the nearby Ken Snyder mine in the Midas district.
• 
  Drill holes JC-001 and JC-005 tested geophysical and mercury vapor
  anomalies.
• 
  The Jake Creek property is located on the western margin of the Northern
  Nevada Rift in a relatively unexplored area of north-central Nevada.
  The Twin Creeks mine (Newmont Mining Corp.) is approximately nine
  kilometers west of Jake Creek, and the Clover property of Atna
  Resources is contiguous to the southeast.
• 
  Volcanic hosted gold mineralization at Jake Creek is associated with
  silicification, adularia and clay alteration, typical of epithermal
  gold deposits, and has a low silver to gold ratio similar to the nearby
  Ken Snyder and Sleeper deposits in Nevada.
• 
  Evolving Gold has staked an additional 11,500 acres of unpatented lode
  mining claims at Jake Creek enlarging its property position to
  approximately 18,000 acres. The Company plans additional drilling for
  early 2011.

"We believe that gold mineralization intersected in the first two drill
holes in this unexplored area may represent a significant new gold
discovery," comments Quinton Hennigh, the Company's President and Chief
Geologist. "Though the main focus of our exploration program remains
Rattlesnake Hills in Wyoming, and our Carlin and Humboldt projects in
Nevada, we have been quietly testing our other exploration properties.
We interpret the mineralization at Jake Creek as being confined to an
early sequence of Miocene volcanic rocks, buried by post-mineral
volcanic units, similar to the Ken Snyder deposit (Newmont Mining
Corp.), which contains approximately 4.0 million ounces of gold and is
about 21 km to the east of Jake Creek."

Fossil siliceous sinter with mercury values to 233 ppm Hg was
intersected in JC-001 immediately below unaltered post-mineral
rhyolite. Arsenic, antimony and mercury are strongly anomalous
throughout the lower, older volcanic sequence. Anomalous trace elements
and anomalous gold (10-300 pbb Au) persists into the underlying
Paleozoic sedimentary units. "Paleozoic sedimentary units starting at
255 meters in drill hole JC-005 include intervals of limestone,"
continues Hennigh. "We interpret these to be part of the Lower Plate of
the Roberts Mountain thrust. Considering the anomalous gold intersected
in these limey rocks, we believe that exploration for Carlin style gold
mineralization is equally as important as the search for high grade
epithermal gold deposits in our exploration of the Jake Creek property,
particularly considering the proximity of the project area to the Twin
Creeks deposit."

Mineralized Intervals, Drill Hole JC-005:

All drill hole averages are weighted averages, weighting each assay
interval according to the core length for that assay interval. All
assay intervals are included in the average, with no bottom cut-off.
True widths of mineralization in these drill holes, at this stage of
exploration, are not precisely known. Gold assays were completed by SGS
Canada Inc. in Toronto, using a 30 gram charge, fire assay, with an ICP
finish.

Steven Koehler Joins the Evolving Gold Staff:

The Company is pleased to announce that Steven Koehler has joined the
Company to take a leadership role in the Company's exploration programs
in Nevada. "We are very pleased to have Steve working with us in
Nevada," says Quinton Hennigh. "He brings with him a wealth of
exploration experience, geological understanding, and exploration
success in identifying and defining new gold deposits in the Carlin
Trend and elsewhere in Nevada. He will be a great asset to Evolving
Gold as we move forward with our exploration of our 100% controlled
Humboldt and Jake Creek properties, along with our Carlin and Boulder
Valley projects."

About Evolving Gold Corp.

Evolving Gold is focused on exploring its significant gold discovery at
Rattlesnake Hills, Wyoming, an alkalic gold system, similar to the
Cripple Creek gold district in Colorado, and on four gold properties in
and adjacent to the productive Carlin district of northern Nevada, two
of which are 100% controlled by Evolving Gold. In compliance with
National Instrument 43-101, Quinton Hennigh, Ph.D., P.Geo., is the
Qualified Person responsible for the accuracy of this news release.

For more information about Evolving Gold please visit: www.evolvinggold.com. To receive regular updates or to receive a follow-up call from
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On Behalf of the Board of Directors

EVOLVING GOLD CORP.

"Robert Barker"
Robert Barker

CEO and Director