November 2012 Forward Looking Statements This document and the - - PowerPoint PPT Presentation

Creating Wealth Through Discovery

November 2012

EVOGF : OTCQX EVG : TSX FSE : EV7

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 - 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-type 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

Board of Directors, Independent Directors Bill Lindqvist, Bill Majcher, Robert Barker

• R. Bruce Duncan, C.E.O. & Director
• Mr. Duncan brings over 30 years of Capital Markets experience. With Evolving Gold, he led the Kiyuk spin-out into Prosperity
• Goldfields. As CEO of Prosperity, he managed the company through successful exploration programs and the amalgamation of

Prosperity and Smash Minerals. Mr. Duncan has extensive experience advising on corporate takeovers, both friendly and hostile, designing and executing effective approaches to acquiring assets, and 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 (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 on the Rattlesnake Hills project since.

Experienced Leadership + Proven Discovery Team

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Creating Wealth Through Discovery

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: $0.30 52 week Hi/Low: $0.73/0.19 Market Cap: $45M Cash: $2.8M

Markets

Largest shareholders: Goldcorp, Pinetree, Richmond Capital

Creating Wealth Through Discovery

Corporate Summary

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A Unique Gold Address

+ 150 million oz gold endowment; + 75 million oz production Rare combination of stellar geology and infrastructure Underground mining – 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

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Located between the Gold Quarry and Rain Mines 145 sq. km. of mineral rights Over 2/3 is the Humboldt Project, owned 100% by EVG Gravity suggests favorable carbonate rocks at permissive depth across the property Gravity helped identified 24 drill targets

Boulder Valley Project

Goldstrike Mine Gold Quarry Mine

Carlin Project

Humboldt Project

10 km

Rain

Carlin-Humboldt: Prospective Land Position

Creating Wealth Through Discovery

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Heart of the Carlin Trend

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

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Deep drilling defines: Alteration cell 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 New intercepts from hole CAR-016.1: 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

Carlin-Humboldt: 2012 Drilling Plans

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Arch Target

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

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:

1.

Volcanic rocks hosting epithermal veins and disseminated gold

• 2. Carlin-type system in

underlying Paleozoic rocks

Large Land Position

100% EVG controlled 68 sq. km. mineral position

Jake Creek: New Gold 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 unit, increasing alteration intensity and veining

Jake Creek: 2011 Drill Program

Creating Wealth Through Discovery

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

Wyoming

A resource dominated economy Excellent mining infrastructure Highways, services, labour supply, power grid & gas pipeline (82 km to Casper) Wyoming: One of the top 10 Worlds 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

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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

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4 seasons of drilling; 70,000 m in 182 drill holes

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

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8100 m 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 (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: rock chip 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. Huge opportunity. Strong gold in soil and gold in rock chip anomalies at South Stock, but also Confluence, Pronghorn, South Bloom and Growler.

Rattlesnake Hills: District Scale Gold Project

Creating Wealth Through Discovery

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Potential to more than double mineralized areas given footprint of several additional gold anomalies Rattlesnake Hills is a district scale opportunity Multiple new targets, up to 8km from North Stock zone discovered in 2012 exploration Possible connectivity of demonstrated gold systems and potential presence of a porphyry feeder zone could allude to a huge gold system Even limited drilling in the middle zone between North Stock and Antelope Basin mineralized gold zones has shown significant gold intersects. Example: 62.5m of 0.51 g/t Au Original source of gold has not been discovered/proven Greatest upside potential at the project would be an ability to outline a robust underground bulk tonnage target This type of bulk mining operation would require an average grade of greater than 1 g/t Au

Rattlesnake Hills

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Project Upside

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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Company Overview

Creating Wealth Through Discovery

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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. 19.5 meters at 11.6 gpt gold (64 feet at 0.34 oz per ton gold, (opt)) including 9.1 meters at 22.00 gpt gold (30.0 feet at 0.64 opt gold) 2.7 meters at 33.11 gpt gold (8.9 feet at 0.97 opt gold) 3.8 meters at 29.53 gpt gold (12.5 feet at 0.86 opt gold) North Stock Gold Zone: Drilling expanded known gold zone; intercepts included 102.1m

• f 0.69g/t Au in RSC-170, 62.5m of 1.84g/t Au in RSC-171 and 42.7m
• f 1.13g/t Au in RSC-175.

South Stock Target: Drill intercept RSC-180 returned 3.1m of 9.30g/t Au in this new target North East Stock Target: The first exploration drill tests intersected intensely altered porphyry stocks that do not outcrop, demonstrating potential for large, hidden, gold-mineralized porphyry bodies. Porphyry Target: Drill hole RSC-168, hosts multiple low to moderate grade gold intercepts in diorite and porphyry intrusions. 2011 drilling at Rattlesnake Hills, Wyoming totaled 8,193m (26,880 ft) in 24 holes Recently announced multiple high grade drill intercepts from the Carlin Project, Nevada

Contact Details

Creating Wealth Through Discovery

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• R. Bruce Duncan, CEO

bruce@evolvinggold.com Corporate Office: 605 - 1166 Alberni Street Vancouver, B.C. V6E 3Z3 Telephone: 604.685.6375 Toll Free: 1.866.604.3864 Fax: 604.909.1163