EVOLUTION MINING LIMITED — Capital/Financing Update 2010

Mar 4, 2010

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MARKET RELEASE

5 March 2010

Catalpa Resources Limited Options expiring 30 June 2010

SUSPENSION FROM OFFICIAL QUOTATION

The options exercisable at $1.10 per share on or before 30 June 2010 of Catalpa Resources Limited (the “Company”) will be suspended from quotation at the commencement of trading on 5 March 2010, at the request of the Company, pending the release of announcement in relation to the terms of the options.

Security Code: CAHO

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Matthew Foy Senior Adviser Issuers (Perth)

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Mr Matthew Foy ASX Limited Exchange Plaza 2 The Esplanade PERTH WA 6000

4 March 2010

Dear Matthew

Request for voluntary suspension of listed options with ASX code CAHO

Pursuant to ASX Listing Rule 17.2, Catalpa Resources Limited ( Catalpa ) requests an immediate voluntary suspension of its 1,916,859 listed options expiring 30 June 2010 (ASX Code: CAHO) ( CAHO Options ) pending the release of an announcement with respect to the terms of the CAHO Options.

Catalpa anticipates that it will be in a position to make a further announcement to the market in this regard on or before Tuesday, 9 March 2010.

Catalpa is not aware of any reason why the CAHO Options should not be suspended.

Yours sincerely

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Leonard Math Company Secretary Catalpa Resources Limited

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