EVOLUTION MINING LIMITED — Regulatory Filings 2011

Mar 9, 2011

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ASX Codes

Shares: CAH Options: CAHOB

10 March 2011

CATALPA RESOURCES LIMITED BROADCAST

Share Price Current:

A$1.64 (9 March 2011)

12 month range: A$2.27 (high) - A$1.18 (low) Market Capitalisation: A$290 million

Catalpa Resources Limited (ASX:CAH) is pleased to provide the opportunity to listen to an audio broadcast with Bruce McFadzean, Managing Director & CEO in a presentation titled "Catalpa reports maiden profit ‐ Bruce McFadzean, Managing Director & CEO".

Board of Directors

Non-exec Chairman MD and CEO Non-exec Director Non-exec Director Non-exec Director Non-exec Director

Mr Peter Maloney Mr Bruce McFadzean Mr John Rowe Mr Barry Sullivan Mr Graham Freestone Mr Murray Pollock

Senior Management

Erik Palmbachs CFO & Company Secretary Stuart Pether COO Nick Winnall Manager Exploration Adrian Pelliccia Manager Bus Dev John Winterbottom Manager Geology John Fraser GM - Edna May Raelene Wyatt Manager HR

To listen , copy the following details into your web browser: brr.com.au/event/ 77442

The presentation details are as follows:

• Catalpa reports maiden profit and record production ‐ Bruce McFadzean, Managing Director & CEO

• Presented by Bruce McFadzean, Managing Director & CEO

• Thu, 10 Mar 2011 9:30am AEST

For further enquiries contact:

Bruce McFadzean Managing Director and CEO Catalpa Resources Limited Tel +61 8 6216 9700

Adrian Pelliccia Manager Business Development Catalpa Resources Limited Tel +61 8 6216 9700

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About Catalpa Resources Limited

Catalpa Resources Limited (ASX: CAH) is a fast growing mid tier gold producer with two exciting gold assets; a 100% interest in the 100,000 ounces per annum Edna May Gold Project in Western Australia and a 30% interest in the 100,000 ounces per annum Cracow Gold Project in Queensland (70% Newcrest Mining Limited).

Catalpa’s flagship Edna May Gold Project boasts a nine year mine life with a forward sold position of 310,000 ounces of gold at A$1,557.50 per ounce.

The Company recently confirmed an impressive high grade underground Resource of 660,00 ounces at 9.1g/t gold for 195,000 ounces set to be upgraded in March 2011. Mining studies are planned to be undertaken with a view to establishing an underground operation concurrent with existing open pit operations by early 2012.

Catalpa is confident that both Edna May and Cracow offer further Reserve and Resource growth potential, with ongoing exploration programs at both operations. In parallel, the Company strives to proactively identify and assess other production growth opportunities.

The Company has a motivated and technically accomplished management team and a highly‐experienced and supportive Board, committed to realising shareholder value from the Company’s asset portfolio.

Catalpa strives for best practice standards across all its activities, including health and safety, environmental management, corporate governance and social responsibility.

The Cracow Gold Project has a history of steady underground gold production of over 100,000 ounces per annum for the past five years and it is considered to have considerable exploration upside. Catalpa has a pre‐ emptive right over Newcrest’s 70% stake in the asset.

With a combined Mineral Resource of 2.2 million ounces and a combined Ore Reserve of more than one million ounces of gold, the Cracow and Edna May Operations provide a sustainable long life cash flow to fund Catalpa’s growth strategy and provide shareholder returns.

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