EVOLUTION MINING LIMITED — Major Shareholding Notification 2007

Apr 17, 2007

Form 603 Corporations Act 2001
Section 671B

Notice of initial substantial holder

To Company Name/Scheme	Westonia Mines Limited
ACN/ARSN	084 669 136
1. Details of substantial holder (1)
Name	Lion Selection Limited
ACN/ARSN (if applicable)	123 217 112
	This notice is given by Lion Selection Limited on behalf of itself and each of its controlled bodies corporate (Lion Subsidiaries) named in the list of 1 page annexed to this notice and marked A.
The holder became a substantial holder on	16/04/2007

2. Details of 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 (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Ordinary	36.509.212	136.509.212	44.47%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Lion Selection Limited	Taken under section 608(3)(b) of the Corporations Act to have a relevant interest by reason of acquiring control of AuSelect Limited and Lion Selection Group Limited as a result of the schemes of arrangement approved by the court on 13 April 2007 becoming effective on 16 April 2007.	136.509.212
Lion Subsidiaries	Taken under section 608(3) of the Corporations Act to have a relevant interest by reason of having voting power (through the relevant interests of its associate, Lion Selection Limited) above 20% in AuSelect Limited and Lion Selection Group Limited.	136.509.212

4. Details of present registered holders

The persons registered as holders of the i
Se

listered as notders of the securities referred to in paradraph 3 above are as follows:
Holder of relevant interest	Registered holder of Person entitled to be registered as holder (8) Securities		Class and number of securities
Lion Selection Limited and Lion Subsidiaries	Lion Selection Group Limited	Lion Selection Group Limited	135,196,712 ordinary
Lion Selection Limited and Lion AuSelect Limited Subsidiaries		AuSelect Limited	1,312.500 ordinary

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash
Lion Selection Limited	16 April 2007	The issue of shares and options in Lion Selection Limited to the shareholders of AuSelect Limited and Lion Selection Group Limited lunder the schemes of arrangement approved by the Icourt on 13 April 2007.		136.509.212 ordinary

6. Associates

The reasons the persons pamed in paragraph 3 above are associates of the substantial bolder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Each of the Lion Subsidiaries	Body corporate controlled by the substantial holder Lion Selection Limited

7 Addresses

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

Name	Address
Lion Selection Limited and Lion Subsidiaries	Level 4, 15 Queen Street, Melbourne, Vic. 3000

Signature

print name Peter Maloney		Capacity Company Secretary
sign here $\mathbb{Z}$ is the state of $\mathbb{Z}_2$	Date	17/04/2007

DIRECTIONS

• $(1)$ If there are a number of substantial holders with similar or related relevant interests (eq. 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 relevant 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 7 of the form.
• $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $(3)$ See the definition of "relevant 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.
• The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a $(5)$ relevant interest in
• $(6)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $(7)$ Include defails of:
• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any $(a)$ 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
• 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 $(b)$ 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.

• $(8)$ 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."
• Details of the consideration must include any and all benefits, moneys and other, that any person from whom a relevant interest was acquired has, or $(9)$ 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.

ANNEXURE A LION SUBSIDIARIES

AuSelect Limited ACN 077 885 208 AFL Management Limited, a company incorporated in Mauritius Lion Selection Group Limited ACN 077 729 572 Sedimentary Holdings Limited ACN 000 697 183 Sedgold Pty Ltd ACN 010 077 988 Fernyside Pty Ltd ACN 001 245 530 Nebo Gold Pty Ltd ACN 109 014 548 Foster Resources Pty Ltd ACN 109 494 439 Sedimentary R&D Pty Ltd ACN SXR Energy Holdings Pty Ltd ACN