Evolving Gold Signs Agreement With Senergy Communications Inc. and Frontline Communications Investor Relations Inc. to Provide Investor Relations and Marketing Services
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/05/10 -- Evolving Gold Corp. (TSX VENTURE: EVG)(FRANKFURT: EV7) (the 'Company') announces that, subject to regulatory approval, it has signed agreements with Senergy Communications Inc. ('Senergy') in Vancouver, and with Frontline Communications Investor Relations Inc. (Frontline) in Toronto, to provide investor relations and marketing services. The Company has asked Senergy and Frontline to work together in a program to rebuild the Company's investor relations and marketing program, to improve communications with investors, and to increase market awareness of the Company and its exploration programs.
As part of its continuing efforts to provide timely information to its shareholders, and to build market awareness of its exploration successes at both Rattlesnake Hills in Wyoming and Carlin/Humboldt in Nevada, Evolving Gold has signed agreements with Senergy, subject to regulatory approval, and with Frontline to provide investor relations and marketing services.
Robert Barker, CEO, comments, 'Evolving Gold has two remarkable gold properties, Rattlesnake Hills in Wyoming and Carlin/Humboldt in Nevada. These two major projects are supported by strong financing and a solid pipeline of earlier stage exploration properties. We have a great exploration story here, and as we move forward as a company we need to refocus our marketing and investor relations program to reflect changes in the company and to ensure that we tell our story to the market in an effective manner. Senergy will help us develop a well focused investor relations and marketing program. By working with both Senergy and Frontline, we expect to build a coordinated approach to marketing and investor relations that will help get our story out to the market, and help us build broader market awareness of the Evolving Gold story in both North America and Europe. We have worked with Senergy and Frontline before, and they both know our story well. I look forward to working with Senergy and Frontline to redesign and restructure the investor relations and marketing program for Evolving Gold.'
Senergy Communications Inc.:
Subject to regulatory approval, the Company has signed a one year agreement with Senergy, with cash payments of $8,000 per month, and has granted Senergy 250,000 stock options at a price of $0.94. The vesting schedule for the options is 25% at three months after the date of the grant, 25% at six months, 25% at nine months, and 25% at twelve months. The options are subject to regulatory hold periods and will expire within 30 days of the date of the termination of the agreement.
About Senergy Communications Inc.
Senergy Communications is a full-service corporate communications firm, providing strategic investor relations, public relations, and customized marketing solutions to publicly traded companies. Senergy specializes in development and coordination of marketing campaigns, database management, press release coordination and dissemination, targeted introduction to the European financial network, and personalized interaction with Senergy's proprietary network of brokers, analysts, and investors.
Frontline Communications Investor Relations Inc.
The Company has signed a one year agreement with Frontline Communications Investor Relations Inc., with cash payments of $5,000 per month, to provide marketing and investor relations services to the Company. Located in Toronto, Frontline will augment the services provided by Senergy and ensure effective investor relations and marketing in the eastern Canada and the United States.
About Frontline Communications Investor Relations Inc.
Frontline Communications is a private Toronto based firm, specializing in investor relations, corporate communications and market awareness services. Utilizing its extensive database of private investors, brokers, analysts and fund managers, Frontline provides customized investor relations solutions for its clients. Frontline implements a proactive and 'one on one' approach in managing relationships between clients, their shareholders and the investment community for positive, long term relationships.
Incentive Stock Options:
As part of its regular compensation program for directors, officers, employees and consultants, on July 26, 2010 the Company has granted 100,000 incentive stock options to a management consultant at a price of $0.94. These options are subject to a regulatory hold period, and the vesting schedule is 25% at three months after the date of the grant, 25% at six months, 25% at nine months, and 25% at twelve months. They will expire within 30 days of the termination of the consulting agreement.
About Evolving Gold Corp.
Evolving Gold is focused on exploring its significant discovery at Rattlesnake Hills, Wyoming, an alkalic gold system, similar to the Cripple Creek gold district in Colorado, and on gold properties in and adjacent to the productive Carlin district of northern Nevada.
For more information about Evolving Gold please visit: www.evolvinggold.com. To receive regular updates or to receive a follow-up call from Investor Relations please sign up at: http://evolvinggold.com/sign-up.php.
On Behalf of the Board of Directors
EVOLVING GOLD CORP.
Robert Barker, CEO and Director
FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company's actual results and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: results of exploration activities and development of mineral properties, fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the ability to obtain financing, currency fluctuations, general market and industry conditions and other risks disclosed in the Company's filings with Canadian Securities Regulators.
Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Investor Relations
Shiro Rae
778-331-2095
shiro@senergyir.com
Investor Relations
Leo Karabelas
416-543-3120
leo@frontlineir.com