Evolution Mining Limited (“Evolution”) refers to previous announcements regarding the proposed acquisition of an economic interest in the Ernest Henry copper-gold operation. Evolution is pleased to announce that all conditions precedent to the acquisition have now been satisfied or waived and the acquisition has completed. Ernest Henry is located ~35km north east of Cloncurry in Queensland, Australia. It is a high quality Australian copper-gold asset which has a track record of stable, large scale, low cost production. The mine has a long operating history and currently has a mine life of at least 11 years. Ernest Henry has strong potential growth prospects beyond its current reserve life via its large resource base and extension potential at depth.