EVOLUTION MINING LIMITED — Board/Management Information 2007

Sep 10, 2007

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TRANSITION TO EXPLORATION FOCUS

The present Edna May project resource and associated economics are well known and the company is now taking steps to improve shareholder returns to a level that would warrant the commitment to proceed with development . The company has considered numerous alternative mining and processing strategies over the past 12 months to improve the economics, but to date these efforts have not been able to lower the total cash cost per ounce sufficiently for the project to proceed in the current gold price and cost inflationary environment. Although currently in hiatus, the Edna May open pit project remains very much alive and a decision to proceed could be triggered by either a sufficient increase in the gold price and/or by the discovery of further gold reserves.

Of these two factors, exploration is the one we can drive, so the company is now focusing its efforts on finding more gold. Our recent analysis of the geological database has generated an exploration programme with twin aims. Firstly, to discover sufficient additional reserves within the vicinity of the Edna May open pit – either from surface resources or from beneath the pit itself – to commence mining; and secondly, to explore for a stand-alone mine on the Westonia Greenstone Belt (“WGB”). We regard the WGB as under-explored but with potential. As a strategy to realise our broader vision of the company’s potential, considerable effort will be applied in the future to developing the WGB. The previously advised drilling programme will commence as soon as a rig becomes available.

As a consequence of the company’s expenditure focus now shifting to exploration, our Managing Director, David Hatch, who has a strong operations experience base, has expressed a desire to move on. After close consultation with the board regarding future staffing needs, it has been mutually agreed that Mr Hatch will cease employment with the company on 28 September 2007. The Board is appreciative of the energy and commitment that Mr Hatch has given the company in its quest to mine the Edna May deposit and wishes him every success in his next role. The Chairman, Mark Fitzpatrick, will assume the chief executive responsibilities from 28 September 2007.

11 September, 2007

Mark Fitzpatrick Chairman Westonia Mines Limited (08) 9321 3088

www.westoniamines.com.au

Contact Details: Westonia Mines Limited ABN 074 084 669 036 9 Havelock Street, West Perth, WA 6005 Telephone: +61 8 9321 3088 Facsimile: +61 8 9321 8804 Email: manager@westoniamines.com.au Web site: www.westoniamines.com.au ASX Code: WEZ, WEZO