EVOLUTION MINING LIMITED — Capital/Financing Update 2007

Jun 14, 2007

WESTONIA MINES LIMITED

UNDERWRITTEN \$3.1 MILLION RIGHTS ISSUE TO PURSUE AN ACTIVE EXPLORATION PROGRAMME

SUMMARY

• Renounceable rights issue to raise c. \$3.1 million (before costs).
• Offered on the basis of one new share and one new option for every eight shares held on the Record date at 8 cents per share.
• ♦ Funds to be used to pursue an active exploration programme, including drilling of priority targets being identified in the recently completed regional data base.
• Lion Selection Limited to maintain its level of interest.

Underwritten Rights Issue

Westonia Mines Limited is pleased to announce a fully underwritten renounceable rights issue to raise approximately \$3.1 million before costs to fund an aggressive exploration programme.

The Rights Issue offers one new share and one new attaching option for every eight shares held at an application price of 8 cents per share. The new options will have an exercise price of 10 cents and an expiry date of 30 June 2010. The Company will apply for the quotation of new shares and new options on ASX.

The Rights Issue is fully underwritten by Patersons Securities Limited. Maior shareholder, Lion Selection Limited, has advised of its support for the issue and intends to maintain its level of interest in the Company.

A short form Prospectus will be lodged with the ASX on 18 June 2007 and will be available after lodgement on the Company's website www.westoniamines.com.au.

15 June. 2007

David Hatch Managing Director Westonia Mines Limited

Contact Details: Westonia Mines Limited: ABN 074-084-669-036
- 9 Havelock Street: West Perifi, WA 6000, Telephone: +61-8-9321-3088 - Facsimile: +61-8-9321-8804
- Email: manager@westoniamines.com au: Web site: www.westoniam istoriana