Part One: Is There Gold at Winnemucca, Nevada?

Encircled by nearly 20 gold mines in one of thecompany's story. Eight gold mines are within 25
world's most prolific gold-producing regions,miles of Evolving Gold's Winnemucca property;
Evolving Gold may be in the pole position for theanother 10 are within 50 miles. In a recent
Sleeper Success Story of 2006. Surroundingnewspaper article, Dr. Lawrence Dick, Evolving
Evolving Gold's Winnemucca Mountain goldGold's Chief Executive, explained his company's
property are world-class gold mines, such asmission, "We look for world class ore bodies in
Glamis Gold's three-million ounce Marigold mine,districts, which already have world class deposits."
Newmont Mining's Lone Tree Complex and TwinHis decision to pursue drilling at the Winnemucca
Creeks, and Barrick's Goldstrike high-grade oreMountain property makes sense in that context.
body (discovered in 1986, producing since 1989,Comparable Mineralization
and with existing reserves of nearly 3 millionAccording to a Geological Report on the
ounces - having produced more than 560,000Winnemucca Mountain Property, published on
ounces in 2004). Evolving Gold's WinnemuccaJanuary 20th of this past year, geologist Harmen
property is approximately 30 kilometers from theJ. Keyser wrote, "Known mineralization is typical
historic Sleeper gold mine, once one of theof low-sulfidation epithermal sediment- and
Western Hemisphere's highest grade gold mines.volcanic-hosted gold deposits found elsewhere in
According to the U.S. Geological Survey website,northern Nevada." Keyser cited examples such as
Nevada accounts for approximately 64 percentthe nearby Sleeper mine, which produced 1.68
of U.S. gold production and nine percent of themillion ounces of gold and 2.3 million ounces of
world's total gold production. The state of Nevadasilver between 1986 and 1996, and the Midas,
is the world's third largest gold producer, behindwhich produced 3.7 million ounces of gold.
two countries: South Africa and Australia. TheGeologically, the Battle Mountain-Eureka trend is
Battle Mountain-Eureka gold trend has produceddefined by a northwest-southeast diagonal. If one
more than 23 million ounces of gold over the pastwere to plot the nearby gold mines along such a
30 years, second only to the Carlin trend. It is onehypothetical geological line, one would instantly
of earth's premier hunting grounds for gold.observe the Sleeper, Sandman, Ten Mile, Marigold
Welcome to Humboldt County, Nevada! Four goldand Battle Mountain along that
producing mines reside in Humboldt County,northwest-southeast transverse.
including the Getchell, Marigold, Lone Tree andIn fact, there may be kinship between the
Twin Creeks mines. Dramatic discoveries of highformer Sleeper gold mine and Evolving Gold's
grade gold deposits in the Battle Mountain-EurekaSwordfish zone. In an October 1989 monthly
gold trend have significantly expanded theactivity report, written for Santa Fe by geologist
potential of this area. And that may explain whyW.A. Hodges, "The Swordfish zone within the
yet another gold deposit could be discovered inWinnemucca Mountain system is more
Humboldt County in the near future - this onecontinuously developed over a much greater
may be at Evolving Gold's Winnemucca Mountainthickness than is the Sleeper system." Evolving
property.Gold director, and one of the company's
One significant gold intersection during Evolvinggeologists, Dr. Chris Osterman told us, "The drilling
Gold's field program, anticipated later this year,that's already been done has already suggested
might become a welcome holiday present forthere is something worth looking at.
early investors who realize the potential of this