EVOLUTION MINING LIMITED — Major Shareholding Notification 2012

Sep 10, 2012

MinterEllison

AURORA PLACE, 88 PHILLIP STREET, SYDNEY NSW 2000, DX 117 SYDNEY

To	Company announcements office ASX.	Facsimile	1300 135 638
	Company Secretary Evolution Mining Limited	Facsimile	$+61296962901$
From	Henry Wong Email: henry.wong@minterellison.com	Facsimile Direct line Our Ref	+61 2 9921 8058 +61 2 9921 8536 SSE:HLW:20-6818439
Date	11 September 2012	Number of pages (including this one): 6
Subject	Notice of change of interests of substantial holder

Please find attached a notice of change of interests of substantial holder in relation to shares in Evolution Mining Limited from Van Eck Associates Corporation.

Regards MINTER ELLISON

If you do not receive all pages please telephone +61 2 9921 8536

ME: 100649789_1 (W2003x)

IMPORTANT - The contents of this facsimile may be privileged and confidential. Any unauthorised use of the contents is expressly prohibited. If you have received the document in error, please advise us by telephone (reverse charges) immediately and then shred the document. Thank you.

04	pogó 212.		15 July 2001

ß

Form 604 Corporations Act 2001 Bootlon 671B
Notice of change of interests of substantial holder
Evolution Mining Limited
084 669 038
Details of aubstantial holder (1)
Van Eck Associates Corporation (and its associates referred to in paragraph 6). N/A ويستسمع ومستنشف المسمعة والشائعة المتلقة ومسمعه والتناقص ومعارضه والمعارضة
There was a change in the interests of the 08/09/2012 22/05/2012 The previous notice was given to the company on 21/05/2012

2. Previous and present voting power

The total number of votes attached to all the vating shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a retevant interest (3) 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	Valina nower (5)	Person's votes	Voling power (5)
Ordinary shares	35.765.859	5.OO%	143.595.715	.15%

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 voling socirities 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:

Data of change	Person Whoso. relevant interact changod	March Nature of change (0)	Corisideration alven in relation lo phange (7)	Class and n vmbat of a u curiliae affected	Person's volos affected a shekara na s
	Van ల Corporation (VEAC)	$-\$ . Associates Son Annoxure A
$\cdots$

4. Present relevant interests

Particulare of each relevant interest of the substantial holder in voting accurities after the change are es follows:

Holder of relovant Interest	Registered holder of securities	Parson antillad to be registered as holder (8)	Natura of relovani Internet (6)	Class and number of securities	Person's volas
VEAC	Stute Street Bank as custedian for Van Eek Funds - International Investora Gold Fund	IVan Eck Fundt - İntomatlonal Invesiors Gold Pund KIKO)	MEAC holds ils rolevant lintorast by having the power to exercise, control. lha exercise of, or intluence the exercise of, the voting powers or klisoossi of the securities ito which the relevant liniarast rotatos in Uno iordinary course of linvastmant mennaomont busineta.	Ordinary sharos 5,981,424	D.845 K
VEAC	Bank of Naw York Mullon ao custodian ior Market Voctors Trust - Junior Gold Minera ETF	Market Vectors Truat Same no above. - Junior Gold Miners (ETF (ODXJ)		Ordinary sharac. 36.848.364	5.06BY

ME_100847529_1 (W20031)

MË MC. NEAC	Market Vectors LAustralia. Markel Veclore	AI SAP/ASX 200 Resources ASX RSR) 23,822 grant and a state IAI S&P/ASX 300	Samo as above. لمنمتهات iSamo at obove.	Ordinary shares 0,846 Ordinary shares	0.001% 0.001%
iveac.	Credit Agricolo os kwstodian for LODH ilnvosi - Tha World Gold Experites Fund	(LODH Invast - The World Gold Expatites Fund (LODH)	Sams as above.	Ordinary chares 1,404,091	0.210%
NEAC	lNorthorn Trust as lcustodian for Lockhood Martin Corporation Master Belkement Truat	Lockhood Marlin ICorporation Master (Rethament Trust itLM)	Samo es above.	Ordinary ahares 270,180	0.030%

5. Changes in association

The persons who have become associates (2) of, cossed to be essociates of, or have changed the nature of their sascototion (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

	and a strong country of the continues to the product of the con- ----- consideration of the Manager
併 Name ACN/ARSN and a colicable) فيفرس استنادهم ويربص اطلاعا فأأخر الاشتراد والمخذا المربوع والرائح والمربية	Nature of association ومحصص ومعاصر تحصراته والمحاسب
___	$11 - 111$ $\overline{\phantom{a}}$ B
.	$\cdots$ All Card and True . charges and the most state through the

6. Addresses

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

Namo	Addreas ----
VEAC	1335 Madison Avenue, New York, NY 10017
Van Eck Sacurities Corporation	335 Madison Avenue, New York, NY 10017
Van Eck Absolute Retum Advisers, Inc.	1335 Madlaon Avenue, New York, NY 10017

Signature

print nema	Russell Brannan	своасіім	Assistant VP
algn hore	. $\cdots$ والمسمدة Rosell Benna	datt	07/09/2012

DIRECTIONS

• if there are a rumber of substantial holders with similar or related relevant interests (eg. e corporation and its related corporations, or the manager and
  Intellect of an equity frust), the names could be included in an a $(1)$ is clearly set out in paragraph 6 of the form.
• See the definition of "associate" in section B of the Corporations Act 2001. $(2)$
• $\langle 2 \rangle$ See the definition of "relevant interest" in sections 608 and 6718(7) of the Corporations Act 2001.
• $(4)$ The voling shares of a company constitute one close unloss divided into separate classes.
• The poteon's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• $\left( 6 \right)$ include details of:
• any relavant agreement or other circumstances because of which the change in relevant interest cocurred. If subsection 6718(4) applies, a copy of any contract. If any contract is not related to the terms of any relavant ag $(a)$

ME_100647529_1 (W20034)

eny qualification of the power of a porson to exercise, control the exercise of, or influence the exercise of, the valing powers or disposal of the
securities to which the relavant interest relates (indicating clearly the $\left(\mathbf{b}\right)$

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

• Details of the consideration must include any and all benefile, money and other, that eny person from whom a relevant interest was acquired has, or may,
  become entited to receive in relation to that ecquisition. Details m $\sigma$
• If the substantial holder is unable to determine the identity of the parson (eg. If the relevant interest artees because of an option) write "unknown", ${ \theta }$
• Give details, if spproprisio, of the present esseptation and any change in that association since the tast aubstantial helding notice. $(9)$

ME_100847520_1 (W2003x)

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604 GUIDE page 1/1 13 March 2000

This guide does not form part of the prescribed form GUIDE and is included by ASIC to assist you in completing and lodging form 604. Signature This form must be signed by either a director of a secretary of the substantial holder. Lodging period NU Lodging Fee Ńü Other forms to be NU completed If additional space is required to complete a question, the information may be included on a separate plece of Additional Information (a) paper annexed to the form. This notice must be given to a listed company, or the responsible entity for a tisted managed investment scheme. $(b)$ A copy of this notice must also be given to each relevant securities exchange. (c) The pareon must give a copy of this notice: (I) within 2 business days after they become ewere of the information; or by 9.30 am on the next trading day of the relevant securities exchange efter they baccine aware of the
Intermation if: $(0)$ a takeover bid is made for yoting sheres in the company or voting interests in the scheme, and (A) $(B)$ the parson becomes aware of the information during the bid portod. To make any shnoxure conform to the regulations, you must Annexures ÷ use AA size paper of white or light paster colour with a margin of at loast 10mm on all sides 2 show the corporation name and A.C.N or ARBN 3 number the pages consecutively 4 print or type in BLOCK fotters in dark blue or black ink so that the document is clearly legible when photocopied 5 Identify the annexure with a mark such as A, B, C, etc. 8 photorse the annexure with the words:
This is annexure (mark) of (number) pages reforred to in form (form number and title) 7 - sign and date the annoxure. The annexure must be signed by the same person(s) who signed the form.

Information in this guide is intended as a guide only. Please consult your accountant or solicitor for further advice.

ME_100847829_1 (W2003A)

Holder of relevant	Date of	e/s	Consideration Cash	Consideration Non- cash	Number of Securities
Interest	Acquisition/Disposal $5/4/2012$ B		z.	in-Kind	647,284
GDXJ	$5/8/2012$ B		ź Ŧ u,	in-Kind	132,399
GDXJ GDXJ	5/9/2012 B		\$	In-Kind	456,072
	5/10/2012 0		÷. \$ à	In-Kind	132,426
GDXJ	5/16/2012 5		\$	In-Kind	44,130
GDXI	5/17/2012 6		S	in-Kind	558,666
GOXJ	$5/18/2012$ B		Ξ ă	In-Kind	88,236
GOXJ	5/21/2012 8		ζ $\blacksquare$	in-Kind	103,047
GOXJ			5	in-Kind	103,040
GOXJ GDXJ	5/22/2012 B 5/23/2012 8		$\ddot{ }$ 5	In-Kind	500,276
GDXJ	5/24/2012 B		\$.	In-Kind	161,887
	5/25/2012 [8]		S $\overline{\phantom{0}}$	in-Kind	515,095
GDXJ GDXJ	6/1/2012 B		ţ	in-Kind	706,368
GDXI	6/4/2012 8		S Ė.	In-Kind	294,320
GDXJ	6/5/2012 8		ī	. In-Kind	29,426
GDXJ	$6/8/2012$ B		Ţ	In-Kind	44,139
RSR.AU	6/8/2012 B		Ξ 20,240	s ٠	10,698
MAM.AU	$6/8/2012$ B		3 8,595	τ $\blacksquare$	4.792
GOXJ	6/11/2012 B		Ξ	In-Kind	29,424
GDXJ	6/13/2012 B		ς W	in-Kind	838,584
GDXI	$6/14/2012$ B		3	in-Kind	102,984
GDXJ	$6/15/2012$ $5$		\$ $1,283,100$ \$		798,904
GDXI	6/15/2012 5		s 23,720	\$ $\blacksquare$	14,789
GDXJ	6/18/2012 B		5	In-Kind	43,281 $\ddot{\phantom{0}}$
RSR.AU	6/18/2012 B		S	in-Kind	1,435
GOXJ	6/18/2012 5		\$ 102,676	Ţ, ÷.	63,866
LODH	6/19/2012 B		5 388,471	ţ A	240,000
LODH	6/20/2012 8		218,542	\$	135,000
GDXJ	6/21/2012 B		s S	in-Kind	201,040
GDXJ	$6/28/2012$ S		s ÷	in-Kind	86,214
GDXJ	7/3/2012 B		ŝ à,	in-Kind	43,104
GDXJ	7/5/2012 5		Ξ $\blacksquare$	In-Kind	57,460
GDXJ	7/10/2012 5		Ξ u,	In-Kind	158,026
GDXJ	7/11/2012 S		S $\vec{\phantom{a}}$	In-Kind	273,030
GDXJ	7/24/2012 B		3. u	ln-Kind	28,728
RSR.AU	7/24/2012 5		\$ $\overline{a}$	in-Kind	2,820
GDXJ	7/26/2012 8		5	In-Kind	287,280
GDXJ	7/27/2012 B		Ś ż,	In-Kind	14,351
RSR.AU	7/27/2012 5		5 ۳	in-Kind	705
GDXJ	7/30/2012 B		s ŵ	In-Kind	215,400
GDXJ	8/2/2012 8		5.	in-Kind	100,541
GDXJ	8/3/2012 8		τ	in-Kind	287,220
MAM.AU	8/6/2012 5		S ь	In-Kind	781
RSR.AU	8/6/2012 5		ş ٨	in-Kind	1,058
GDXJ	8/7/2012 8		s -	In-Kind	330,234
GDXJ	8/13/2012 B		7 ۰	tn-Kind	301,476
GDXJ	8/14/2012 B		\$ $\overline{\phantom{0}}$	in-Kind	143,570 705
RSR.AU	8/14/2012 5		\$ $\overline{a}$	In-Kind	100,513
GDXJ	B/16/2012 B		\$ w	in-Kind	28,718
GDXJ	8/17/2012 8		5 ۰	in-Kind	401,782
GDXJ	8/21/2012 B		\$, 660,992	s in-Kind	507,955
GDXJ	$8/22/2012$ B		3	tn-Kind	624,188
GDXJ	8/23/2012 0		5 ۳ 3 ×.	in-Kind	130,635
GDXJ	8/28/2012 B 9/4/2012 B		\$	in-Kind	101,619
GDXJ			۳ ₹ $\blacksquare$	In-Kind	929,152
GDXJ GDXJ	9/5/2012 8 $9/6/2012$ 8		\$	In-Kind	203,224
securities in GDXI.					In-Kind transactions result from GDXJ receiving a basket of securities (including Evolution Mining Ltd) in exchange for

This is Annexure A of 1 pages referred to in Form 604 -Notice of change of Interests of substantial holder

Page 1 of 1

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