EVOLUTION MINING LIMITED — Regulatory Filings 2005

Jun 22, 2005

Price and Volume Query

WESTONIA MINES LIMITED

FACSIMILE MESSAGE

To: Anthony Walsh

Company: Australian Stock Exchange Limited

From: David Hatch

Date: 23 June 2005 Fax No.: 9221 2020 No of Pages $\blacktriangleleft$

Dear Anthony

Subject

I refer to the price and volume query from Australian Stock Exchange Limited "ASX" of 22 June 2005 to Westonia Mines Limited "the Company". Accordingly I would like to provide the following responses:

• 1. The Company is not aware of any market sensitive information that has not been released to the market. The Company is in the process of finalising its fully underwritten renounceable capital raising. The funds received will be used to advance the Westonia Mine Project and the market has been fully informed of this situation.
• 1. As required by the ASX the Company confirms that confirmation of the capital raising process is due as required by the ASX, no later than 12 noon EST on the securities dispatch date - 24 June 2005.
• 1. The Company is not aware of any explanation for the price change and increase in volume.
• 1. The Company confirms that it is in compliance with the listing rules and in particular listing rule 3.1.

Should you have any further queries, please have no hesitation to contact me on 9321 3088.

Regards

D. J. Hatch

David Hatch Managing Director

C:\Documents and Settings\John Ribbons\Local Settings\Temporary Internet Files\OLKA\WS 1101 ASX Share Price Query 20050622 (2) doc

Level 1, 9 Havelock Street, West Perth WA 6005 . PO Box 1300, West Perth WA 6872 Telephone: (08) 9321 3088 + Fax: (08) 9321 8804 Email: manager@westoniamines.com.au • Website: www.westoniamines.com.au

ASX PERTH

Mr D Hatch Managing Director Westonia Mines Limited PO Box 1300 WEST PERTH WA 6872

Facsimile: 9321 8804

Australian Stock Exchange Limited ABN 98 008 624 691 Level 8 Exchange Plaza 2 The Esplanade Perth WA 6000

GPO Box D187 Perth WA 6840

Telephone 61 9224 0000 Facsimile 61 9221 2020 Internet http://www.asx.com.au

Dear David

Westonia Mines Limited - (the "Company")

PRICE AND VOLUME OUERY

We have noted a change in the price of the Company's securities from 6.8 cents on 20 June 2005 to a high of 11 cents today. ASX also notes the higher volumes of securities being traded.

In light of the price and volume change, please respond to each of the following questions.

• 1. Is the Company aware of any information concerning it that has not been announced which, if known, could be an explanation for recent trading in the securities of the Company?
• $2.$ If the answer to question 1 is yes, can an announcement be made immediately? If not, why not and when is it expected that an announcement will be made?

Please note, if the answer to question 1 is yes and an announcement cannot be made immediately, you need to contact us to discuss this and you need to consider a trading halt (see below).

• Is there any other explanation that the Company may have for the price change and 3. increase in volume in the securities of the Company?
• 1. Please confirm that the Company is in compliance with the listing rules and, in particular, listing rule 3.1.

Your response should be sent to me on facsimile number (08) 9221 2020. It should not be sent to the Company Announcements Office.

Unless the information is required immediately under listing rule 3.1, a response is requested as soon as possible and, in any event, not later than 12 noon WST on Thursday 23 June 2005.

Listing rule 3.1

Listing rule 3.1 requires an entity to give ASX immediately any information concerning it that a reasonable person would expect to have a material effect on the price or value of the entity's securities. The exceptions to this requirement are set out in the rule.

In responding to this letter you should consult listing rule 3.1 and the guidance note titled "Continuous disclosure: listing rule 3.1".

If the information requested by this letter is information required to be given to ASX under listing rule 3.1 your obligation is to disclose the information immediately.

Your responsibility under listing rule 3.1 is not confined to, or necessarily satisfied by, answering the questions set out in this letter.

Trading halt

If you are unable to respond by the time requested, or if the answer to question 1 is yes and an announcement cannot be made immediately, you should consider a request for a trading halt in the Company's securities. As set out in listing rule 17.1 and the guidance note titled "Trading halts" we may grant a trading halt at your request. We may require the request to be in writing. We are not required to act on your request. You must tell us each of the following.

• The reasons for the trading halt. $\bullet$
• How long you want the trading halt to last,
• The event you expect to happen that will end the trading halt.
• That you are not aware of any reason why the trading halt should not be granted.
• Any other information necessary to inform the market about the trading halt, or that we ask for.

The trading halt cannot extend past the commencement of normal trading on the second day after the day on which it is granted. If a trading halt is requested and granted and you are still unable to reply to this letter before the commencement of trading, suspension from quotation would normally be imposed by us from the commencement of trading if not previously requested by you. The same applies if you have requested a trading halt because you are unable to release information to the market, and are still unable to do so before the commencement of trading.

If you have any queries regarding any of the above, please let me know.

Yours faithfully.

Anthony Walsh Assistant Manager Companies