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EVOGF : OTCQX EVG : TSX FSE : EV7 Creating Wealth Through Discovery January 2013 Forward Looking Statements This document and the information contained herein do not constitute a prospectus and do not form any part of an offer to sell or the

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Creating Wealth Through Discovery

January 2013

EVOGF : OTCQX EVG : TSX FSE : EV7

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Forward Looking Statements

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Creating Wealth Through Discovery This document and the information contained herein do not constitute a prospectus and do not form any part of an offer to sell or the solicitation of an offer to buy, or an invitation to apply for, securities in any jurisdiction. Potential investors should not rely solely on the information contained herein prior to making any investment decision. Investors should seek independent advice from a qualified finance and investment advisor, giving due regard to their own personal circumstances, prior to forming any investment decision. FORWARD LOOKING STATEMENTS: This document includes certain “forward-looking statements.” All statements,

ther than statements of historical fact, are forward-looking statements that involve various risks and uncertainties. There

can be no assurances that such statements will prove accurate and actual results and future events could differ materially from those anticipated in such statements. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. In compliance with National Instrument 43-101, Dr. Quinton Hennigh, Ph.D., P.Geo., is the Qualified Person responsible for the accuracy of this content.

Carlin Rigs 2011

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Carlin - Humboldt Jake Creek

Clear Strategy and Investment Niche Focus on multi-million ounce potential In mining-friendly locations Aggressive drill-intensive approach Gold Projects: Carlin High grade Carlin gold system Humboldt Multiple Carlin-style gold targets Jake Creek Epithermal gold system Rattlesnake Alkaline gold system with district potential

Rattlesnake

Delivering Value Through Gold Exploration

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Creating Wealth Through Discovery

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Board of Directors, Independent Directors: (Bill Lindqvist, Bill Majcher, Robert Barker)

R. Bruce Duncan, C.E.O. & Director
Mr. Duncan brings to Evolving Gold over thirty years of experience in the capital markets and brokerage industry. He is the Principal of

West Oak Capital Partners Inc., which provides strategic advisory services, including identifying and qualifying merger and acquisition candidates and advising in public transactions. Mr. Duncan currently sits on the boards of several private companies and is the Executive Chairman of Canada Coal Inc., (CCK:TSX-V), an Independent Director of GeoNovus Minerals Corp., (GNM:TSX-V), Executive Chairman for Canada Carbon Inc. (CCB:TSX-V) and the former CEO and Director of Prosperity Goldfields Corp. (PPG:TSX-V). Mr. Duncan also has extensive experience advising corporate clients on takeovers, both friendly and hostile, either by designing and executing effective approaches to acquiring assets or by implementing defensive strategies. Chuck Jenkins, C.F.O.

Mr. Jenkins has broad experience in accounting, banking, securities regulation and corporate finance. Most recently, he has served as

the Chief Financial Officer for a number of mining exploration and development companies. Prior to his involvement with public companies he previously worked in corporate finance with brokerage houses in Vancouver and Calgary.

Dr. Quinton Hennigh, Technical Advisor

Economic geologist with +20 years of exploration experience. Oversaw the exploration leading to the Arch gold discovery at the Carlin Project (NV) and the Rattlesnake Hills gold discovery, (WY). Responsible for the current portfolio of EVG projects. James Duivenvoorden, Senior Project Geologist

Mr. Duivenvoorden has been with Evolving Gold since 2006. He has been intimately involved with all Company exploration assets,

particularly the Carlin, Nevada project where he has worked since the primary agreement and Permitting. Eric Eckberg, Senior Geologist

Mr. Eckberg joined Evolving in 2008 as a Senior Geologist based at Rattlesnake Hills, Wyoming. Eric’s work has been 100% focused
n the Rattlesnake Hills project since.

Experienced Leadership + Proven Discovery Team

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Creating Wealth Through Discovery

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Share Structure (September 30th, 2012)

Shares Outstanding 151,013,445 Options 11,984,000 Warrants Outstanding 17,304,400 Fully Diluted 180,301,845

Valuation

Recent share price: $0.20 52 week Hi/Low: $0.73/0.19 Market Cap: $30M Cash: $2.8M

Markets

Largest shareholders: Goldcorp, Pinetree, Richmond Capital

Creating Wealth Through Discovery

Corporate Summary

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Humboldt Rig 2011

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A Unique Gold Address

+ 150 million oz gold endowment; + 75 million oz production Rare combination of highly productive geology and developed infrastructure Underground mining in the Trend – has exceeded expectations South Carlin Trend, EVG’s focus, is largely unexplored

Town of Carlin Newmont’s +30 M oz Gold Quarry Mine EVG Discovery

The Carlin Trend

Creating Wealth Through Discovery

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Located between Newmont’s Gold Quarry and Rain Mines; adjacent to Gold Standard 145 sq. km. of mineral rights Humboldt Project is 100% controlled by EVG Gravity suggests favorable carbonate rocks at permissive depths across the property Gravity helped identify 24 drill targets

Carlin-Humboldt: Prospective Land Position

Creating Wealth Through Discovery

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Heart of the Carlin Trend

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Goldstrike Leeville Gold Quarry

(modified from D. Mathewson, 2002)

Meikle Goldstrike Gold Quarry Leeville

Carlin-Humboldt Target Area

Rain NW SE

100 M oz

North Area 4 M oz Rain Area

45 M oz

Maggie Ck Area

?

Rain

Green is best gold host; the Lower Plate limestone 5 km

Carlin-Humboldt: Untested Target Area

Creating Wealth Through Discovery

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Carlin-Humboldt: Arch Gold Zone

Creating Wealth Through Discovery

8 Deep drilling defines:

Alteration zone 0.6 x 1.0 km and open in all direction Gold grades, widths and depths similar to existing gold mines on the Carlin Trend 18.3 m at 11.7 g/t, incl 1.5m at 57.9 g/t 10.1 m at 11.1 g/t, incl 3.1 m at 29.8 g/t 21.5 m at 6.6 g/t, incl 14.7 m at 8.8 g/t

Intercepts from hole CAR-016.1 (July 2012)

2.7 m at 33.11 g/t 19.5 m at 11.76 g/t, incl 9.1 m at 22.0 g/t 3.8 m at 29.53 g/t Within an 87 meter core interval, six high grade intervals (31.6 meters cumulative) average 15.85 grams per tonne gold

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Carlin-Humboldt: 2013 Drilling Plans

Creating Wealth Through Discovery

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“Arch Target”

Follow up with additional wedge holes to further evaluate the size and geometry of high grade mineralization Refine geologic controls of high grade mineralization around holes CAR-007 and CAR-002 with close-spaced offset drilling

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Mineable Depth of Discovery

Underground Gold Mines of North America

Creating Wealth Through Discovery

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EVG Discovery 2010

2 holes testing gravity embayments Two target types:

Volcanic rocks hosting epithermal veins and disseminated gold

2. Carlin-type system in

underlying Paleozoic rocks

Large Land Position

100% EVG controlled 58 sq. km of mining claims

Jake Creek: New Gold Discovery

Creating Wealth Through Discovery

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Bonanza-style veins with grades to 11.3 g/t Au 39.6m of 0.873 g/t Au in JC-002 Eastward thickening of favorable tuff host; increasing alteration intensity and veining

Jake Creek: 2011 Drill Program

Creating Wealth Through Discovery

12 Completed 3,580m in 11 RC drill holes Gold system +500m wide, open to the north/south/east

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Wyoming

A resource dominated economy Excellent mining infrastructure Highways, services, labour supply, power grid & gas pipeline (82 km to Casper) Wyoming: One of the world’s top 10 best jurisdictions for mining policy

(Fraser Institute)

Land Package

56 sq. km of claims and state leases Under-explored EVG early entrant, first pick of targets

2 km

Rattlesnake Hills: Location

Creating Wealth Through Discovery

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EVG Drill Discoveries 2008-2010

3 seasons of drilling by EVG 62,000 m in 156 drill holes Focused on small part of large property

Identified Two Gold Deposits

North Stock - in diatreme & schist Antelope Basin- in diorite intrusive & schist

Defined Broad Mineralized Corridor

Many long intersections of +1 g/t Au

405 m at 1.31 g/t

Plus significant higher grade gold

67m at 10.8 g/t 50.3 m at 5.87 g/t 146m at 2.92 g/t 131m at 2.84 g/t

Antelope Basin North Stock

Precambrian Schist Tertiary Volcanic

300 meters

Drilled Gold Mineralization

Rattlesnake Hills: Highly Prospective Deposits

Creating Wealth Through Discovery

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Examples of Broad RSH Gold Intersects

Drill Hole # From (m) To (m) Interval (m) Gold (Au g/t)

RSC-003 123.4 263.7 140.2 2.96 RSC-007 97.5 237.7 140.2 2.69 RSC-017 102.1 185.9 83.8 1.14 RSC-019 85.3 239.3 153.9 1.30 RSC-020 121.9 198.9 77.0 9.51 RSC-022 83.8 184.4 100.6 1.40 RSC-026 83.8 163.1 79.3 1.76 RSC-037 94.5 144.8 50.3 1.10 RSC-039 25.9 189.0 163.1 1.96 RSC-042 147.8 224.0 76.2 1.70 RSC-045 12.2 61.0 48.8 1.18 RSC-047 99.1 170.7 71.6 1.31 RSC-056 135.6 240.8 105.2 1.30 RSC-070 175.3 237.7 62.5 1.62 RSC-078 173.7 249.9 76.2 1.77 RSC-083 100.6 193.6 93.0 1.03 RSC-089 83.8 242.3 158.5 2.64 RSC-090 79.3 199.6 120.4 1.64 RSC-092 86.9 201.2 114.3 1.00

Drill Hole # From (m) To (m) Interval (m) Gold (Au g/t)

RSC-093 94.5 176.8 82.3 3.00 RSC-099 79.2 207.3 128.1 1.16 RSC-122 166.1 204.2 38.1 2.85 RSC-123 83.8 170.7 86.9 1.46 RSC-126 163.1 324.6 161.5 1.84 RSC-128 64 288 224.0 1.03 RSC-130 106.7 285 178.3 1.51 RSC-132 6.1 340.8 334.7 1.12 Including 117.3 210.3 93.0 2.68 RSC-135 4.6 410 405.4 1.31 Including 4.6 272.8 268.2 1.80 RSC-136 222.5 304.8 82.3 1.87 RSC-138 102.1 240.8 138.7 1.15 RSC-141 332.2 332.2 1.28 RSC-144 41.1 292.6 251.5 1.50 RSC-145 313.3 313.3 1.94 RSC-153 91.4 193.5 102.1 1.72 RSC-154 176.8 286.5 109.7 1.02

Rattlesnake Hills: Drilling Highlights

Creating Wealth Through Discovery

15 4 seasons of drilling; 76,800 m in 228 drill holes

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Drill Hole # From (m) To (m) Interval (m) Gold (Au g/t)

RSC-006 135.6 181.4 45.7 1.47 RSC-006 446.5 544.7 98.2 1.10 RSC-009 167.6 251.5 83.8 0.90 RSC-012 29.0 167.6 138.7 1.31 RSC-012 217.9 257.6 39.6 1.30 RSC-012 393.2 432.8 39.6 1.24 RSC-012 466.3 484.6 18.3 1.38 RSC-015 41.2 89.9 48.8 1.02 RSC-018 123.4 161.5 38.1 1.19 RSC-027 149.4 196.6 47.2 1.32 RSC-027 475.5 499.9 24.4 1.29 RSC-027 522.7 557.8 35.1 1.74 RSC-027 707.1 730.0 22.9 2.43 RSC-041 61.0 169.2 108.2 0.79 RSC-041 173.7 205.7 32.0 4.24 RSC-049 131.1 160.0 29.0 1.80 RSC-049 193.6 248.4 54.9 1.28 RSC-051 240.8 288.0 47.2 1.15 RSC-053 141.7 173.7 32.0 2.14 RSC-053 288.0 309.4 21.3 1.67 RSC-076 198.1 236.2 38.1 1.78 RSC-076 242.3 256.0 13.7 3.93 RSC-076 324.6 341.4 16.8 1.25 RSC-077 164.6 193.6 29.0 3.58 RSC-079 36.6 141.7 105.2 0.62 RSC-085 175.3 260.6 85.3 1.07 RSC-085 271.3 309.4 38.1 1.56 RSC-085 313.9 376.4 62.5 1.03 RSC-090 263.7 339.9 76.2 0.97 RSC-099 86.9 129.5 42.6 2.40 RSC-104 111.3 182.9 71.6 0.86 RSC-106 187.5 228.6 41.1 0.84 RSC-131 205.7 205.7 0.59 RSC-133 62.6 152.4 89.9 0.77 RSC-134 208.8 330.7 121.9 1.00 including 277.4 291.1 13.7 40.60 RSC-137 201.2 227.1 25.9 1.17 RSC-137 335.3 371.9 36.6 1.09 RSC-148 172.2 240.8 68.6 1.18 RSC-155 112.8 193.6 80.8 0.95

Additional Significant RSH Drill Holes

Rattlesnake Hills: Drilling Highlights

Creating Wealth Through Discovery

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8,100 metres of core drilling in 24 holes North Stock Zone Extended 40m to the SW, 115.8m at 0.50g/t Au Extended to depths below 300m, 282.9m at 1.08g/t Au Infilled and confirmed main zone EW Breccia Zone (aka Porphyry) Numerous zones of low to high grade Middle Ground Zone Expanded zone to east and south with broad moderate grade intercepts, 62.5m at 0.51g/t Au South Stock Zone Intersected several short intervals

f moderate and high grade (7.6m

at 12 g/t Au) in new target zone

Rattlesnake Hills: 2011 Drill Program Highlights

Creating Wealth Through Discovery

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Tailings Containment Roaster + Mills Gold Quarry Pit Wall

View northwest of EVG Drilling at Arch Discovery

Rattlesnake Hills: Interpreted Long Section

Creating Wealth Through Discovery

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Soil geochemistry in grid across core area

Known deposits clearly reflected in soils Many similar soil targets defined

Reconnaissance rock chip program

Identified numerous anomalies Growler area: up to 2.98 g/t Au

Regional geophysical program

Completed airborne magnetic & Radiometric survey to expand beyond core area

Rattlesnake Hills: 2011 Surface Exploration Program

Creating Wealth Through Discovery

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SE Gold (Au) & Arsenic (As) Anomalies at Rattlesnake Hills Gold (Au) in Rock Chip Samples at Rattlesnake Hills

South Stock Anomaly represents a larger footprint than North Stock; major new target. Strong gold in soil and gold in rock chip anomalies at South Stock, but also Confluence, Pronghorn, South Bloom and Growler.

Rattlesnake Hills: Soil & Rock Chip Results

Creating Wealth Through Discovery

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Rattlesnake Hills: Drill Target Map

Recent drilling has expanded gold mineralization at the North Stock target Additional gold mineralization in the Middle Zone between North Stock and Antelope Basin has been identified Middle Ground and Porphyry targets fill the 500 meters between North Stock and Antelope Basin Multiple un-drilled satellite gold zones surround North Stock at Confluence and Pronghorn

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Creating Wealth Through Discovery

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Major potential in multiple new untested drill targets defined by significant rock chip samples and soil anomalies

Multiple un-drilled satellite gold zones surround North Stock at Confluence and Pronghorn Poorly tested gold zones at Middle Ground, Porphyry, South Stock New targets at Growler, BlackJack, Bald Mountain, NE Stock Porphyry, MacDougal, and Airstrip

Rattlesnake Hills is a district scale opportunity

Multiple mineralized porphyry intercepts and outcrops show dike swarms over 150+ hectare area Possible connectivity of demonstrated gold systems could allude to a huge gold system Breccia zones at Growler and north of South Stock show rock textures and gold grades intercepted proximal to mineralized dikes

Potential to connect the North Stock and Antelope Basin mineralized gold zones

Geophysics (CSAMT and IP surveys) supports a connecting body of rock at comparable depths to intercepted diorite

Potential to define bulk tonnage, underground targets

Multiple mineralized porphyry dike drill intercepts and breccia zones over a large area with average grades of 1-5 gpt Au over 20 – 50 meters Gold grades intercepted in dikes are consistent with mineable underground porphyry

Gold targets extend over 11 km in east-west corridor

Center of the mineralized corridor could be up to 3.5 km wide and 3 km long (10.5 sq km area)

Rattlesnake Hills

Creating Wealth Through Discovery

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Rattlesnake Hills: Project Upside

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Quality Assets

High value potential, low geologic risk, low political risk Huge property portfolio in Carlin, Nevada Advanced exploration at Rattlesnake, Wyoming

Proven Team

Strong industry relationships Experienced technical team Proven track record of gold discovery

Focused Strategy

Core strength, exploring large gold systems Aggressive drill-intensive approach

Why Evolving Gold?

Creating Wealth Through Discovery

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Carlin - Humboldt Jake Creek

Clear Strategy and Investment Niche Focus on multi-million ounce potential In mining-friendly locations Aggressive drill-intensive approach Gold Projects: Carlin High grade Carlin gold system Humboldt Multiple Carlin-style gold targets Jake Creek Epithermal gold system Rattlesnake Alkaline gold system with district potential

Rattlesnake

Company Overview

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Creating Wealth Through Discovery

Evolving Gold focuses on large scale gold systems. In Nevada, we are focused on our extensive portfolio of property holdings within and adjacent to the prolific Carlin Trend in the northern part of the state. Evolving Gold is also actively advancing its gold discovery at Rattlesnake Hills, Wyoming which currently has 228 drill holes totaling over 76,800 meters to date.

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Contact Details

Creating Wealth Through Discovery

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R. Bruce Duncan, CEO

www.evolvinggold.com Corporate Office: 605 - 1166 Alberni Street Vancouver, B.C. V6E 3Z3 Telephone: 1.604.685.6375 Toll Free: 1.866.604.3864 Fax: 1.604.909.1163 E-Mail: info@evolvinggold.com