Evolving Gold Corp. (EVG) announced that it has executed a non-binding Letter of Intent to acquire Bocana Resources Ltd. EVG management contracts and compensation agreements with directors and officers will be cancelled and EVG's Board of Directors will resign and be replaced with representatives nominated by Bocana; and new management will be appointed. After closing the transaction, the company expects to appoint the following officers and directors, Daniel Kunz as Executive Chairman & Director, Tim Turner as President and Director, Tim Barry as Independent Director, Charles E. Jenkins, BA, CPA, CGA as Chief Financial Officer and Peter Parsley as Vice President - Senior Geologist.