EVOLUTION MINING LIMITED — Major Shareholding Notification 2003

Jun 30, 2003

COMPANY	Australian Stock Exchange
ATTENTION	Companies Announcements
FACSIMILE NO.	1300 300 021	DATE	01 July 2003
NO. OF PAGES (INC. THIS PAGE)	3
FROM	Paul Taylor
SUBJECT	Westonia Mines Limited

Dear Sirs

Attached is a Notice of Change in Interest of Substantial Shareholder relating to Lion Selection Group Limited's shareholding in Westonia Mines Limited.

The change in ownership is due to a placement made by Westonia Mines which resulted in Lion's interest being diluted.

Yours faithfully

Paul Taylor Company Secretary

CONFIDENTIAL

This facsimile contains information which is confidential and privileged. If you are not the intended recipient you must not peruse, use, disseminate, distribute or copy this information. If you have received this facsimile in error please notify us immediately by facsimile or telephone (we will accept reverse charges) and destroy the original.

Thank you.

If you have not received all pages transmitted please telephone (03) 9614 8008 or facsimile number (03) 9614 8009

F/HNVESTE/ES/W/ESTONEA/2003\f-004.DOC/msoffice

Form 604 Corporations Act 2001 Section 671B

Notice of change in interests of substantial holder

To Company Name/Scheme	Westonia Mines Limited
ACN/ARSN	084 669 036
1. Details of substantial holders

Name	Lion Selection Group Limited
ACN/ARSN (if applicable)	077 729 572

There was a change in the interests of the substantial holder on 06/06/2003 ...

The previous notice was given to the company on 22/08/2002

The previous notice was dated 22/08/2002

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate^rs had a relevant interest® in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinarv	34.546.500	41.4%	34,546,500	36.0%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder®	Nature of relevant interest (6)	Class and number of securities	Person's votes
Lion Selection Group Limited	Lion Selection Group Limited	N/A	Beneficial owner	34,546,500 ordinary shares	34,546,500

5. Changes in association

The persons who have become associates² of, ceased to be associates of, or have changed the nature of their association® with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Lion Selection Group Limited	Level 4, 15 Queen Street Melbourne Victoria 3000

Signature

print name Paul Taylor

capacity Secretary

sian here

date 01/07/2003

DIRECTIONS

(1) If there are a number of substantial holders with similar or related relevant interests (eg a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the refevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

(2) See the definition of "associate" in section 9 of the Corporations Act 2001.

(3) See the definition of "refevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

(4) The voting shares of a company constitute one class unless divided into separate classes.

(5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

(6) Include details of:

• $(a)$ any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• $(b)$ any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

(7) Details of the consideration must include any and all benefits, money and other, that any person from whom a refevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

(b) If the substantial holder is unable to determine the identity of the person (eq if the relevant interest arises because of an option) write "unknown".

(9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.