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EVOLUTION MINING LIMITED Capital/Financing Update 2009

Mar 25, 2009

64885_rns_2009-03-25_565dd38c-3b18-4dc6-88ff-054f454b7260.pdf

Capital/Financing Update

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MARKET RELEASE

26 March 2009

Catalpa Resources Limited

TRADING HALT

The securities of Catalpa Resources Limited (the "Company") will be placed in pre-open at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in pre-open until the earlier of the commencement of normal trading on Monday, 30 March 2009 or when the announcement is released to the market.

Security Code:

J.

CAH CAHO CAHOB

Jill Hewitt Adviser Issuers (Perth)

NO.716 $P.2/2$

26 March 2009

Attn: Jill Hewitt ASX Ltd Level 8 Exchange Plaza 2 The Esplanade Perth WA 6000

Fax: 08 9221 2020

Dear Jill,

CATALPA RESOURCES LIMITED: REQUEST FOR TRADING HALT

Catalpa Resources Limited ACN 084 669 036 (the Company) hereby requests a trading halt pursuant to ASX Listing Rule 17.1, pending the release of an announcement by the Company regarding a proposed equity raising for the development of the Edna May Project.

The Company requests the trading halt to continue until the release of that announcement by the Company, which is expected to be made no later than commencement of trading on Monday, 30 March 2009.

The Company is not aware of any reason why the trading halt should not be granted.

Yours sincerely CATALPA RESOURCES LTD

GRAHAM ANDERSON Company Secretary

Level 1, 9 Havelock Street, West Perth WA 6005 Tolephon (08) 9321 3088 PO Box 1300, West Perth WA 6872

Facultude (08) 9321 8804

Linal [email protected] Web www.catalparesources.com.au.

ASX CAH ABN 74084669036