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EVOLUTION MINING LIMITED Capital/Financing Update 2007

Aug 2, 2007

64885_rns_2007-08-02_d2c87756-83fd-4035-9150-d30af6590554.pdf

Capital/Financing Update

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==> picture [217 x 74] intentionally omitted <==

3 August 2007

Company Announcement Office Australian Securities Exchange Limited

LAPSING OF OPTIONS

Westonia Mines Limited advises that 60,000 Unlisted Options in the Company have lapsed due to its expiry date on the 27[th] April 2007.

The Company now has a total of Unlisted Options as follows:

Unlisted Options Exercise Price Expiry Date
200,000 11 cents 22/11/2008
200,000 11 cents 22/11/2009
700,000 11 cents 22/11/2010
1,000,000 20 cents 02/04/2010
2,000,000 20 cents 22/11/2010

Yours faithfully,

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Graham Anderson

Company Secretary

Z:\WEZ\ASX\Correspondence\Expiry of Options 3.8.07.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: [email protected] ♦ Website: www.westoniamines.com.au