EVOLUTION MINING LIMITED — Regulatory Filings 2010

Mar 15, 2010

16 March 2010

Mr Matthew Fov ASX Limited Exchange Plaza 2 The Esplanade Perth WA 6000

Dear Matthew

Catalpa Resources Limited - Notice under section 708AA(2)(f) of the Corporations Act 2001 (Cth)

This notice is given by Catalpa Resources Limited (ACN 084 669 036) (ASX code: CAH) (Catalpa) under section 708AA(2)(f) of the Corporations Act 2001 (Cth) (Act) as modified by Australian Securities and Investments Commission Class Order 08/35 (CO 08/35).

Catalpa announced on 16 March 2010 a renounceable entitlement offer (Entitlement Offer) of 1 fully paid Catalpa ordinary share (New Share) for every 19 Catalpa ordinary shares (Shares) held as at 7:00 pm (Perth time) on Friday, 26 March 2010 by eligible shareholders with a registered address in Australia or New Zealand and any other jurisdictions in which Catalpa has decided to make offers.

Catalpa advises that:

• the New Shares will be offered for issue without disclosure under Part 6D.2 of the Act as $(a)$ modified by CO 08/35:
• this notice is being given under section 708AA(2)(f) of the Act as modified by CO 08/35; $(b)$
• $(c)$ as at the date of this notice, Catalpa has complied with:
• the provisions of Chapter 2M of the Act as they apply to Catalpa; and i.
• ii. section 674 of the Act:
• as at the date of this notice, there is no excluded information of the type referred to in sections $(d)$ 708AA(8) and 708AA(9) of the Act as modified by CO 08/35; and
• the issue of New Shares under the Entitlement Offer is not expected to have any material effect $(e)$ or consequence on the control of Catalpa.

Yours sincerely

Bruce McFadzean Managing Director Catalpa Resources Limited

NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES

This announcement has been prepared for publication in Australia and may not be released or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 (as amended) and may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration of the US Securities Act and applicable US state securities laws.

TELEPHONE: +61 8 9321 3088 FACSIMILE: +61 8 9321 8804 EMAIL: manager@catalparesources.com.au