EVOLUTION MINING LIMITED — Regulatory Filings 2008

Sep 24, 2008

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ASX Announcement

25 September 2008

ASX Code: CAH

CATALPA RESOURCES LIMITED BROADCAST

Catalpa Resources Limited (ASX:CAH), Perth-based gold company, provides the opportunity to listen to an audio broadcast with Bruce McFadzean, Managing Director in a presentation titled "CAH - Exploration Highlights and Prospects".

To listen , simply click on the link below:

Total number of shares on issue: 345,377,313

Share Price Current: (24 Sept 2008) $0.075

12 month range: $0.075 (high) - $0.038 (low)

http://www.brr.com.au/event/51683

Board of Directors

The presentation details are as follows:

Title : CAH - Exploration Highlights And Prospects Presented by : Bruce McFadzean, Managing Director Date/Time : Tues, 23 Sep 2008 09:00AM AEST

Mr John Rowe: Non Exec Chairman Mr Bruce McFadzean: Managing Director Mr Murray Pollock: Non Exec Director Mr Barry Sullivan: Non Exec Director Mr Chris Melloy: Non Exec Director Mr Nigel Johnson: Non Exec Director Mr Graham Anderson: Company Secretary Mr Leonard Math: Company Secretary

Major Shareholders

For further enquiries contact:

Bruce McFadzean Warrick Hazeldine / Annette Ellis Managing Director Media and Investor Relations Catalpa Resources Limited Purple Communications Tel (08) 9321 3088 Tel: (08) 9485 1254

Lion Selection Group Limited 44.04% Goldrich Holdings 4.05% Zero Nominees 2.57% HSBC Custody Nominees Aus. 2.03% Charlemagne Investments 1.35% Drummond Shay Margaret 1.16% Geddes Angus William 0.88% ANZ Nominees Limited 0.78% Pretorius Leon Eugene 0.58%

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ABOUT CATALPA RESOURCES

Perth-based Catalpa Resources Limited (ASX: CAH) aims to become Australia’s next mid tier producer by developing its open pit assets, located on its extensive and wholly-owned mining tenements in Western Australia.

Catalpa is on the cusp of a new phase of development towards production at its Edna May (gold) Project, conveniently positioned a few kilometres from the infrastructure of Westonia, an established town with a long mining history. The project is just 3 hours or 300km by road from Perth; half way between Perth and Kalgoorlie and ideally situated to be serviced by both centres.

Notably, there have been three previous successful mining programs which have occurred both above and below the planned open pit at Edna May, which significantly reduces the risk of Catalpa’s current project.

Catalpa has an experienced and innovative Board and management team that is committed to realising a timely production and cash flow profile from the development of the Edna May open pit resources.

This is the company’s immediate strategy; and an update to the Company’s 2006 Edna May Gold Project Feasibility Study is on schedule to be finalised in the September quarter 2008. In preparation for planned production at Edna May, the Company relocated its 2.8mtpa Big Bell mill to site in 2007. The mill is being maintained ‘ready for construction’ adjacent to the proposed plant construction site.

Catalpa is pursuing parallel growth with a renewed exploration programme underway of its 880km² of under-explored Westonia Greenstone Belt, and is reviewing other regional opportunities for acquisition and/or joint venture. In particular, Catalpa seeks to identify and develop new projects and/or acquisitions on its extensive land holding or within the region, which is prospective for gold, nickel and base metals.

Catalpa has a sound Resource base at Edna May with significant upside to grow resources and reserves and move towards production. With a buoyant outlook on the gold price, the Company’s Board believes that Catalpa Resources presents a sound investment opportunity with significant upside potential.

Catalpa Resources has adopted best practice standards across all its operating activities, including its social, health and safety, environmental management and corporate governance functions.

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