EVOLUTION MINING LIMITED — Capital/Financing Update 2005

Apr 18, 2005

WESTONIA MINES LIMITED

WESTONIA CAPITAL RAISING

• The Board of Westonia Mines Limited wishes to announce a fully underwritten one-for-two non-renounceable entitlements issue at 10 cents a share to raise approximately \$5 million (net of issue expenses)
• Funds raised will be applied to dewatering of the Company's open pit at Westonia, mine resource drilling beneath the pit designed to increase its gold resources and regional exploration. Over 1 million ounces of resources have already been established on the Company's Westonia tenements.
• The issue is fully underwritten by Euroz Securities Limited.
• Major shareholder, Lion Selection Group will take up its full 37% entitlement, thereby contributing \$1.9M towards the required fund raising.
• In addition to the entitlements issue, investors may also subscribe for shares at 10 cents by participating in the General Offer of up to 5,000,000 New Shares. The General Offer is not underwritten.
• A copy of the Short Form Prospectus will be available on the Company's website, www.westoniamines.com.au.

For further information:

David Hatch Managing Director

(08) 9321 3088

19th April 2005

Contract Dec

Mestonia Mines Limited 2020/074 084 669 036
9 Havelock Street, West Perth, WA 6000, Jelephone, 161 8 9221 3088 - Facsinile - 61 8 9221 8804
ASX Code: Mariage (@yestonianines.com.av. Web.ate.manu/westonianines.com.av. 161 8