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Evolution Mining Limited (“Evolution” or the “Company”) is pleased to announce that it has, through a wholly owned subsidiary, entered into a transaction with Glencore plc (“Glencore”) to acquire an economic interest in Glencore’s Ernest Henry operation (“Ernest Henry”) for A$880 million1. In addition, Evolution has entered into a strategic alliance with Glencore in respect of potential future regional acquisitions and the parties have made a commitment to cooperate on exploration activities in the region surrounding Ernest Henry (collectively, the “Transaction”).

La Mancha Resource Capital LLP. Registered in England and Wales under registration number OC368461, Registered office address - 161 Brompton Road, Second Floor, London, England, SW3 1QP.