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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.

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.