Filed by Automated Filing Services Inc. (604) 609-0244 - Evolving Gold Corporation - Exhibit 4.6





 OPTION AMENDING AGREEMENT

  (Swordfish Property) 


THIS AGREEMENT is dated for reference January 7, 2005. 


BETWEEN: 


  
    
       GOLDEN SANDS EXPLORATION INC., a corporation
        duly incorporated pursuant to the laws of British Columbia and having
        an office at 210-5511 West Boulevard, Vancouver, British Columbia V6M
        3W6

        (the “Optionor”) 

    

  




AND: 


  
    
       AHL HOLDINGS LTD., a corporation duly incorporated
        pursuant to the laws of Nevada and having an office at 210-5511 West Boulevard,
        Vancouver, British Columbia V6M 3W6

        (the “Optionor Sub”) 

    

  




AND: 


  
    
       EVOLVING GOLD CORPORATON, a corporation duly
        incorporated pursuant to the laws of British Columbia and having an office
        at Suite 1200, 1188 West Georgia Street, Vancouver, British Columbia V6E
        4A2

        (the "Optionee”) 

    

  




WHEREAS: 

 A.                             The
  parties to this Amending Agreement entered into an option and royalty agreement
  dated December 3, 2004 (the "Option Agreement"); 

 B.                             The
  Optionee failed to complete three of its undertakings set out in Section 3 of
  the Option Agreement within the specified time and has requested an extension
  of a further two additional undertakings originally due to be completed January
  31, 2005; and 

 C.                             As
  the Optionor and the Optionor Sub wish to keep the Option Agreement in good
  standing, the parties wish to amend the Option Agreement. 

                                  NOW
  THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the premises
  and the payment of $1.00 by each party to the other party the receipt and
  sufficiency of which is hereby expressly acknowledged) the parties hereto agree
  as follows: 








 - 2 -

 1.            The Option
  Agreement is amended as follows: 

	 	 (a)      	 in subsection 3.1(a) by striking out “within
        five business days of the date of this Agreement” and substituting
        “by January 7, 2005”; 

	 
	 	 (b)      	 in subsection 3.1(b) by striking out “December
        15, 2004” and substituting “by January 7, 2005”. 

	 
	 	 (c)      	 in subsection 3.1(c) by striking out “December
        15, 2004” and substituting “by January 7, 2005”. 

	 
	 	 (d)      	 In subsection 3.1(d) by striking out “January
        31, 2005” and substituting “by February 25, 2005”. 

	 
	 	 (e)      	 In subsection 3.1(e) by striking out “January
        31, 2005” and substituting “by February 25, 2005”. 



 2.            
  In consideration for the extensions granted under this Amending Agreement, the
  Optionee hereby covenants to forthwith cause the filing of an application under
  Rule 15c2-11 of the United States Securities Exchange Act of 1934 and then cause
  the filing to be accepted by the National Association of Securities Dealers
  as soon as possible and then immediately thereafter cause the commencement of
  trading of the shares of the Optionee on the United States Bulletin Board. 

 3.            
  The Option Agreement as amended by this Amending Agreement is the entire agreement
  between the parties and supersedes and replaces all other former agreements
  and understandings, whether oral or in writing. 

 4.            This
  Agreement will be construed in accordance with and governed by the laws in force
  in British Columbia. 

 5.            This
  Amending Agreement shall enure to the benefit of and be binding upon the heirs,
  executors, administrators, successors and assigns of each of the parties hereto.


 6.            Notwithstanding
  the date of execution hereof, this Agreement shall be deemed to be effective
  from the date as first written above. 








 - 3 -

 7.            This
  Agreement may be signed in counterpart and by fax. 

                 IN
  WITNESS WHEREOF this Agreement has been executed by the parties hereto as
  of the date first above written. 

	 GOLDEN SANDS EXPLORATION  	 )  	 
	 INC.  	 )  	 
	  	 )  	 
	 Per:  	 )  	 
	  	 )  	 
	 Alexander Harry Lenec, President  	 )  	 
	  	 	 
	  	 	 
	 AHL HOLDINGS LTD.  	 )  	 
	  	 )  	 
	  	 )  	 
	 Per:  	 )  	 
	  	 )  	 
	 Alexander Harry Lenec, President  	 )  	 
	  	 	 
	  	 	 
	 EVOLVING GOLD CORORATION  	 )  	 
	  	 )  	 
	  	 )  	 
	 Per:  	 )  	 
	  	 )  	 
	 Lawrence Dick, President and CEO  	 )