Watch the video here:http://www.youtube.com/watch?v=yPIPAl_9l1k

When we last spoke to Evolving Gold in February 2009, CEO Bob Barker told uswhat the company had planned for the year, a plan that included 15,000 metresof drilling to pave the way for an updated technical report on its RattlesnakeHills property in Wyoming. By the end of the year, the company had drilledalmost 30,000 metres of core in 78 drill holes on Rattlesnake Hills. Investorslike a company that makes a plan and sticks to it, and Evolving Gold is clearlyone of those. This year the plan is for more more exploration and definitiondrilling to better define the full potential of the system and move toward aresource estimate. President Quinton Hennigh explains how the plan willunfold.

Resource Intelligence: Let’s talk about your Rattlesnake Hills project inWyoming. I think a lot of your company’s perceived value comes from thisproject. Why is that?Quinton Hennigh: The Rattlesnake Hills project is one ofthe more notable gold discoveries in recent years. There has been a realshortage of gold discoveries globally, so we’re very proud to have made it andinvestors are clearly reacting to the grades we’re finding, the broad widths,and they are anticipating a solid resource estimate from us.

RI: Last year you completed a total of 30,000 metres of drilling. What didyou learn from that?QH: What we see is the footprint of the hydrothermal systemthat originally deposited gold on the property. The gold footprint we see onproperty is actually much larger than we previously believed and that is veryencouraging.

RI: And that explains the big jump in July that took you from .50 up to .50per share. That coincided within a few days of your press release thatannounced excellent intercepts at better than 10 grams per tonne. Can you tellus about that?QH: We had an interval that we announced in mid-July that wasabout 67 metres of over 10 grams per tonne. That was our first news release forRattlesnake for the season and it really gave us a lot of confidence in theproject. We started to see the things that we felt were very important tosee.

RI: You’ve had recent news as well, talking about over 100 metres at about1.3 g/t Au. Can you put that into context for us?QH: This is an unusual goldsystem compared to many. It’s an alkalic gold system that has similarities to anumber of alkaline gold systems up in the Rocky Mountains, particularly CrippleCreek and some up in Montana. Almost all alkaline gold systems have twocomponents. They have a very large bulk style component which is lower gradeand they have a higher grade component as well. Usually in structures.

RI: You’re about 300km from Cripple Creek. How does Rattlesnake Hillscompare to Cripple Creek’s grades and size?QH: Cripple Creek is a diatremecomplex, much like the one we have at Rattlesnake. The diatreme at CrippleCreek is about 3 km wide and about 6 or 7 km long. Our diatreme complex isabout 4 km long and about 1 to 3 km wide. Rattlesnake Hills is not quite as bigbut it’s still very sizable. Keep in mind that we are at a very early stagehere; Cripple Creek has had about 120 years mining history where we’ve had 2years drilling. If you compare it in terms of its vertical extent and thefootprint of the size of the system, it is comparable.Cripple Creek wasdiscovered in 1894 towards the tail end of the Colorado gold rush. It has beenmined nearly continuously and has yielded over 20 million ounces over a 50 yearperiod from high-grade veins.

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We see mineralization at Rattlesnake that extends easily 300 metres plus. Wehave holes as deep as 700 metres with very significant gold values. If an oldtimer were to magically pop up today he would probably ask us why we aredrilling so many holes. But today we look at things in more technical terms andwe have to drill things out and meet certain standards and investorexpectations.

RI: Lets try to put the size of this into perspective. You have mineralizeddrill holes deeper than 100 metres deep. One hundred metres is about the heightof a 30 storey condominium. That’s a very deep open pit.QH: That is correct.But some of the more recent drill holes that we’ve done that were released lastweek demonstrate that the core of mineralization extends to in excess of 300metres below surface. So that would be more like a 90 storey condo. And we’restill open to depth and to the east and west. Right now the halo zone is about500 metres strike length. The high-grade core has a strike length that lookslike it’s going to be over 300 metres.

RI: You’ve done some work recently in going to depth and what you’ve startedto find is a porphyry system as well that may be attached to this?QH: That iscorrect. A porphyry is an intrusive body, magma that came up and cooled atshallow depth. Sometimes it injects as small dykes which we have seennumerously in our drilling.

Many of these are over significant widths, 10 to 30 metres wide. They havesignificant gold mineralization which is quite encouraging because it tells usthat there is a magma at depth that was driving the system and it could be apotential target for us.

RI: You’re a technical guy. You’re a doctor of geology and you’re also thepresident of the company. How does being a doctor of geology and a presidentallow you to make choices that you might not be able to make as just ageologist, for example?QH: The work I’ve done with Evolving Gold has truly beena geologist’s dream. I came into the junior sector about three years ago afterleaving Newmont. This has been a tremendous opportunity to test many ideas thatI have had over the years, Rattlesnake being one of them. I’ve wanted to testthis target for about six years and now here we are doing it. Two years agothis was a geologic anomaly and now it is a discovery.

A lot of geologists working for large mining companies in this day and agehave limited funds, don’t have a lot of support and are handicapped in whatthey can do in exploration. We have been very fortunate at Evolving Gold. Wehave raised quite a bit of money and we’ve been able to test Rattlesnakethoroughly. We’ve also got our Carlin project in Nevada which also is showinggreat promise.

RI: How much money have you raised?QH: Last year we raised about million inthe fall. We presently have about million in the bank. Plenty of money toadvance Rattlesnake in a very technically sound way. We feel that is veryimportant. In terms of our burn rate, during the drill season for this comingyear we are looking at a burn rate of about million dollars a month and duringthe off season we’re looking at about 0,000 per month. The drill program runsfrom about May until the end of October, so we’ll have plenty of funds tocomplete at least 20,000 metres this year.

RI: According to the Fraser Institute, Wyoming is the second best place onearth to mine. Why is that?QH: Wyoming is a remarkable place. The people inWyoming have a very good outlook towards resource development. There is a hugecoal industry, oil and gas industry and also uranium. You have people who areskilled in these jobs. The environmental jurisdiction is quite amenable tomining. We have worked very closely with both the Bureau of Land Management atthe federal level, as well as the Department of Developmental Quality, which isat the state level and they have been very supportive of us and our project andwe feel very confident that we can put this thing into production. The otheraspect of Wyoming is that it has great infrastructure. We’ve got railheads andtwo rail lines within 60 km of the property. We have power plants over inCasper and the gridline comes a few miles south of the property. There is yearround access. It is an ideal spot for gold mining.

RI: You’ve accomplished an incredible amount of work in the last year—30,000metres, plus you’ve got more drilling coming up. When can we expect a resourceestimate and more from you?QH: We are currently working towards updating the43-101 technical report. We anticipate completion in the second quarter of2010. This will be completed by an independent engineering firm. Our aim is tobetter define the shape, size, grade, and exploration potential of this largeand complex gold system. We’ll also take a preliminary look at potential miningmethods, metallurgy, and overall approach to development. We are still in theearly stage of exploration really, with five new targets and a lot moredrilling to come this year. So I think investors should expect a lot out ofthis property in the next year.

Milestones:

* Second Quarter: Completion of the updated 43-101 technical report.* SummerProgram: 20,000 meters of core drilling.

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