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Published on 4/27/2007 in the Prospect News PIPE Daily.

New Issue: Evolving Gold settles C$3.01 million private placement of units

By Laura Lutz

Des Moines, April 27 - Evolving Gold Corp. closed a private placement of units for C$3,013,250.

The company sold 12.053 million units of one share and one transferable warrant at C$0.25 per unit. Each warrant will be exercisable at C$0.35 until April 26, 2009.

Pacific International Securities Inc. acted as agent.

Proceeds will be used for acquisitions, exploration and working capital.

Evolving Gold is a Vancouver, B.C.-based gold exploration company.

Issuer:Evolving Gold Corp.
Issue:Units of one share and one warrant
Amount:C$3,013,250
Units:12.053 million
Price:C$0.25
Warrants:One per unit
Warrant expiration:April 26, 2009
Warrant strike price:C$0.35
Agent:Pacific International Securities Inc.
Settlement date:April 27
Stock symbol:CNQ: GOLD
Stock price:C$0.38 at close April 26

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