EVOLUTION MINING LIMITED — Capital/Financing Update 2003

Oct 23, 2003

WESTONIA MINES LIMITED

24 October 2003

WESTONIA TO BUY BIG BELL MILL

Westonia Mines Limited ("WEZ") has agreed in principle subject to contract with a subsidiary of Harmony Gold (Australia) Pty Ltd to purchase the Big Bell gold processing plant. Inclusive of some other equipment, sale price will be \$2.45M.

The respective companies' solicitors are finalising the Agreement of Sale.

The plant is large, having treated 3Mtpa. It is in good condition and operated until July 2003. With the addition of a secondary crusher, it will be able to treat at least 2.5Mtpa of Westonia ore.

WEZ can now finalise its bankable feasibility study.

Andrew Drummond Managing Director

Enquiries should be directed to the Managing Director and readers are encouraged to register on the Company's website (www.westoniamines.com.au) for automatic receipt of information.