EVOLUTION ENERGY MINERALS LIMITED — Share Issue/Capital Change 2022

Oct 19, 2022

ASX: EV1 | 20 October 2022

The Manager Company Announcements Office ASX Limited Level 4, Exchange Centre 20 Bridge Street Sydney, NSW 2000

Dear Sir/Madam,

Notification under section 708A(5)(e) of the Corporations Act 2001 (Cth)

This notice is given by Evolution Energy Minerals (Evolution) (ASX: EV1) under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ).

The Company advises that, as detailed in the Appendix 2A dated 6 October 2022, it has issued 10,351,110 fully paid ordinary shares ( Shares ).

Evolution confirms that:

1. The Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act and without a prospectus being prepared for the Shares.

2. As a disclosing entity, Evolution is subject to regular reporting and disclosure obligations.

3. As at the date of this notice:

a) Evolution has complied with the provisions of Chapter 2M of the Corporations Act as they apply to Evolution;

b) Evolution has complied with sections 674 and 674A of the Corporations Act as they apply to Evolution; and

c) there is no "excluded information" within the meaning of sections 708A(7) and 708A(8) of the Corporations Act which is required to be disclosed under section 708A(6)(e) of the Corporations Act.

Yours sincerely

Stuart McKenzie Company Secretary Evolution Energy Minerals Limited

EVOLUTION ENERGY MINERALS LTD

Level 1, Emerald House, 1202 Hay Street, West Perth WA 6005 | T: +61 8 9200 4960 | ASX:EV1 | ev1minerals.com.au