EVOLUTION MINING LIMITED — M&A Activity 2015

Nov 12, 2015

Phoenix Gold Ltd ABN 55 140 269 316 PO BOX 100 KALGOORLIE WA 6433

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13 November 2015

The Manager Company Announcements Office ASX Limited Level 4/20 Bridge Street SYDNEY NSW 2000

Dear Sir / Madam

FOR IMMEDIATE RELEASE

Phoenix Gold Limited (ASX: PXG) – takeover bid by Evolution Mining Limited – First Supplementary Target’s Statement

In accordance with section 647(3)(b) of the Corporations Act 2001 (Cth), please find enclosed a copy of the first supplementary target’s statement of Phoenix Gold Limited (ABN 55 140 269 316) ( Phoenix Gold ) dated 13 November 2015 ( Supplementary Target’s Statement ) in response to the off-market takeover bid by Evolution Mining Limited (ABN ABN 74 084 669 036) ( Evolution ) for all the ordinary shares in Phoenix Gold.

A copy of the Supplementary Target’s Statement was lodged with the Australian Securities & Investments Commission and served on Evolution earlier today.

Yours faithfully

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Ian Gregory Director & Company Secretary Phoenix Gold Limited

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