EVOLUTION MINING LIMITED — Major Shareholding Notification 2011

Feb 15, 2011

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FORM 603 Corporations Act 2001
Section 6718

Notice of initial substantial holder

To Company Name/Scheme

CATALPA RESOURCES LIMITED

Bank of America Corporation

ABN

74 084 669 036

1. Dotails of substantial holder (1)

Name

The holder became a substantial holder on

8-Fab-2011

2. Details of voting power

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ACN/ARSN (if applicable)

The lotal number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an æsociale (2) had a
relevant interest (3) in on last the date the substantial ho

Class of Securities (4)	Number of Securities Person's votes (5) Voting Power (6)
Ordinary Shares	13,251,008	13.251.008	0.14%

3. Details of rolevant interests

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

Holder of relevant imerest	Nature of relevant interest (7)		Class of securities Mumber of Securities
Bank of America Corporation (associates)	Beneficial Owner (deemed Intornat from its	Ordinary share	13,251,008
Montit Lynch International	Prime Braker with rahypothecation right pursuant to Prime Brokerage agreement (see relevant clause below)*	Ordinary share	8,741,971
Merrill Lynch (Australia) Futures Ltd	Beneficial Owner	Ordinary share	4.503.362
Merrill Lynch International ((Australia) Ltd	Beneficial Owner	Ordinary shara	5.675

12.9 The Customer hareby cansonis (without any further notice, consent or rafarance) to MLI from time to time utilising any Secunties for MLI's own purposes and
for its own benefit on the lerms specified in this Clause 12.

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Replatered holder of to be registered SACUrities	Persons entitled las holder (8)		Class of securities Number of Securities
	Deemed Interest from
Eark of America Comoration lits associates		INA	Ordinary share	13.251.008

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Merrill Lynch International	Prime Broker with rehypothecation right pursuant to Prime Brokerage agreement.	IN/A	Ordinary share	8.741.97
Merrill Lynch (Australia) Fulures Lid	Men'il Lynch (Australia) Futures Lid	Marrili Lynch (Australia) Futures L۳J	Ordinary Shares	4,503.36
Memil Lynch International (Australia) Ltd	Marril Lynch international (Australia) international Limited	Memil Lynch (Australia) Limited	Ordinary share	5.67

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 substantiel holder is as follows:

Holder of Relevant Interest Date of Acquisition	Consideration (9)		Class and number of securities
	Cash	Non Cash

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder as follows:

Nama and ACN/ARSN (if applicable)	Nature of association
Bank of America Corporation	Ultimate holding company
Marrill Lynch International	Subsidiary of Bank of America Corporation
Merrill Lynch (Australia) Futures Ltd	Subsidiary of Bank of America Corporation
Merrill Lynch International (Australia) Ltd	Subsidiary of Marrill Lynch & Co., Inc.

7. Addresses

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

Name	Address
Bank of America Corporation	100 North Tryon Street, Charlotte, North Carolina, 28255
Memil Lynch International	Morrill Lynch Financial Centre, 2 King Edward Street, London EC1A 1HQ
Memili Lynch (Australia) Futures Lid	Level 38, Govanor Phillip Tower, 1 Farter Place, Sydney 2000
Moniil Lynch Injernational (Australia) Lid	Level 38. Governor Phillip Tower, 1 Farrar Place, Sydney 2000

"This report is submitted on the basis of our present understanding of ASIC's current policy on reporting by Prime Brokers

Signature

print name

sign here

Saul Joli

Danielle Tobin

÷

Director, Bank of America Corporation

Feb 16 2011

capacity

dato

Schedule to Form 603

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Group Name	A5X	Stock	Trade Date	Trans Typo	Trans Number	Consideration
Merrill Lynch (Australia) Futures Ltd	CAH	Ordinary	B-Fab-11	Buy	4.600.000	7200000
Morrill Lynch (Australia) Futures Ltd	CAH	Ordinary	28-Jan-11	Bυγ	3.362	5703.25
Merrill Lynch (Australia) Futures Ltd	CAH	Ordinary	16-Dec-10	Sell	(2,642,374)	4822332.55
Marrill Lynch (Australia) Futures Ltd	CAH	Ordinary	7-Dec-10	Buy	242.374	436707.64
Merrill Lynch (Australia) Futures Ltd	CAH	Ordinary	7-Dec-10	Buy	2.400.000	4368000