Evolution MiningThe Gold Investment Symposium

8 October 2014

Jake Klein – Executive Chairman

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These materials prepared by Evolution Mining Limited (or “the Company”) include forward looking statements. Often, but not always,

forward looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “expect”, “intend”,

“plan”, “estimate”, “anticipate”, “continue”, and “guidance”, or other similar words and may include, without limitation, statements

regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected

costs or production outputs

Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the

Company’s actual results, performance and achievements to differ materially from any future results, performance or achievements.

Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic

conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including

the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves, political and social risks,

changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions

including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation

Forward looking statements are based on the Company and its management’s good faith assumptions relating to the financial, market,

regulatory and other relevant environments that will exist and affect the Company’s business and operations in the future. The

Company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or

that the Company’s business or operations will not be affected in any material manner by these or other factors not foreseen or

foreseeable by the Company or management or beyond the Company’s control

Although the Company attempts and has attempted to identify factors that would cause actual actions, events or results to differ

materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance,

achievements or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the

Company. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements

in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock

exchange listing rules, in providing this information the Company does not undertake any obligation to publicly update or revise any of

the forward looking statements or to advise of any change in events, conditions or circumstances on which any such statement is

based

Forward looking statements

Australian mid-tier gold producer

1. At 2 October 2014 (share price A$0.70)

2. 3 month average to 2 October 2014

3. At 30 June 2014

Corporate Information

ASX Code EVN

Shares 712M

Market

Capitalisation1 A$500M

Daily Turnover2 A$1.6M

Major

Shareholders

Newcrest 32.4%

Van Eck 10.1%

Allan Gray 8.7%

Cash & unsold

doré3 A$41.3M

Debt3 A$126.8M

Available Credit A$73.2M

Forward Sales3 164,319oz at

A$1,597/oz

Dividend Policy 2% of gold revenue

Production Guidance FY15

400koz - 440koz AuEq

AISC A$1,050/oz – A$1,130/oz

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Highlights

FY14 production of 428koz AuEq

Development of Mt Carlton

3 straight years of achieving guidance

Strong financial position

Exciting exploration pipeline

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Growing production

302,842 oz

346,979 oz

392,886 oz

427,703 oz

FY2011 FY2012 FY2013 FY2014

Gold Production FY2011 – FY2014

Group Gold Equivalent Production* Assumes pro forma ownership of current assets over FY11 and FY12

We say, We do, We deliver

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Three pillars

Operations Discovery M&A

Act like owners to

maintain a cost and

productivity focus

over the longer term

Using science and technology to

improve probability of transformational

discoveries

Improve the quality of asset portfolio

through opportunistic, logical, value

accretive acquisitions

Creating shareholder value

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Operations

Notes relevant to the gold equivalence (AuEq) calculation for silver and copper in the Mt Carlton Reserve:

• The calculation is based on commodity prices of A$1,350/oz for gold, 91% for silver and A$3.00/lb for copper

• The calculation uses metallurgical recovery to concentrate of 89.0% for gold, 91.0% for silver and 91.0% for copper at V2 and

88.0% for silver and 92.0% for copper at A39 – based on recent plant performance

• AuEq for Silver = ((Price Ag per oz x Ag Recovery)/(Price Au per oz)) x Ag Grade

The information is extracted from the ASX announcement “Annual Mineral Resources and Ore Reserve Statement” created on 25 June 2014 and is available to view on www.evolutionmining.com.au. Evolution

confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and in the case of estimates of Mineral Resources or Ore Reserves, that

all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed

• AuEq for Copper = ((Price Cu per lb x 2204.623) x (Cu Recovery)) / ((Price Au per oz / 31.1034768) x (Cu grade /

100)). Using a conversion factor of 1 Troy Ounce = 31.1034768 grams

• All the elements included in the gold equivalent calculation (ie. silver and copper) have been recovered and sold

there is a reasonable potential that this will continue to be the case

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Asset Cracow Pajingo Edna May Mt Rawdon Mt Carlton

Location Queensland QueenslandWestern

AustraliaQueensland Queensland

Mine Type Underground Underground Open Pit Open Pit Open Pit

Plant Capacity (ktpa) 550 650 2,800 3,600 800

Resources

(koz AuEq)724 923 1,145 1,234 1,278

Reserves (koz AuEq) 260 155 402 862 947

Reserve Grade

(Au g/t)5.9 6.2 1.1 0.9 3.0

Mine Life (years) 6 5 6 9 12

FY15 Production

Guidance (koz pa)90 – 95 65 – 72.5 80 – 90 100 – 110 65 – 72.5

Cash generation

FY14 EBITDA of A$207.6 million and NPAT of A$50.0 million

Operations were cash positive post capital investment

0

10

20

30

40

50

60

70

Mt Rawdon Cracow Mt Carlton Edna May Pajingo

A$

M

FY14 Underlying Site EBITDA vs Capex

Sustaining Capex Growth Capex Underlying site EBITDA

* Site EBITDA is before all corporate administration costs, non-recurring items and exploration expenses

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Cost reductions

A$91.0 million in mine operating cash flow generated in FY14

Act like owners to drive productivity

89.4 85.7 76.4

53.0 56.0 46.8

73.2

35.0 38.3

40%

41%

52%

30%

42%

29%

47%

29%

33%

Cracow Pajingo Mt Rawdon Edna May Mt Carlton

Total mining cost FY13 Total mining cost FY14 EBITDA Margin FY13 EBITDA Margin FY14

Note: Mt Carlton commercial production declared on 1 July 2013

Mining costs and EBITDA margins FY14 vs FY13 (A$M)

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Substantial cost savings following transition to owner-miner at Cracow (July 2013)

of $18M in FY14 (or $200/oz AISC saving)

Successfully transitioned to owner-miner at Mt Rawdon in July 2014

Shift to owner miner

Cracow water truck – CAT

Mt Rawdon haul truck – Terex MT3300

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Smarter drill & blast at Mt Rawdon

Blasting improvements show significant cost benefits

Estimated ~$5Mpa cost reductions following drill and blast optimisation project

Large diameter (203mm) blast holes, 15m benches

(from 10m), plus electronic detonation (Unitronic600)

has improved productivity

45% decrease in production blast holes, allowing

a 33% reduction in drill fleet

25% decrease in blast related shutdowns

(increased blast size and combination blasts)

10% increase in excavation rates

40% reduction in rock breaker hours

10% increase in plant throughput

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Voluntary turnover¹ has halved since March 2013

representing a cost saving in the order of A$2Mpa

Reflects a more competitive labour force and increased

focus on quality of hire

Reduction in voluntary turnover

1. Voluntary turnover (12 months rolling) – includes permanent employees who have resigned in the previous 12 months as a percentage of average permanent headcount

10%

15%

20%

25%

30%

Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Jun-14

Group Voluntary Turnover (%)

Voluntary Turnover

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Build competent, experienced

team

thinking like scientists

Asset priority and ranking

Innovative 3D seismic viewing

structures at depth

4D modelling integrating geological

time for better understanding

Alteration and geochemical

mapping at Mt Carlton

Framework & proof of concept drilling

Exploration drilling in FY15 testing targets

from 4D studies

Discovery

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Investing A$20.0M per year to target transformational discoveries through brownfields

and greenfields exploration

3D Seismic survey completed

3D paleo-stress model completed

“Ant tracking” 3D fault interpolation

Seismic calibration drilling identified

new epithermal structure

Anomalous gold, silver and

tellurium results

Quartz-adularia veining identified

Testing of targets underway

New lode identified between Empire

and Coronation – named Imperial

400m zone between Coronation

and Empire

Cracow exploration

Depth slice of 3D seismic survey at 484m below

surface. Grey lines represent faults, some of which

correspond to the location of known faults and

epithermal orebodies.

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Pajingo exploration

2D seismic line provided proof of concept

3D seismic survey and initial processing completed

Exploration review and targeting underway

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3 k

ilo

me

tre

de

pth

2D Seismic Image Across Pajingo Field

Syn-mineral extensional faults

Post-mineral inversion faults

Stratigraphic markers in volcanic sequence

Tennant Creek exploration

JV agreement with Emmerson

Resources over Tennant Creek gold-

copper project

Historically one of Australia’s highest

grade gold and copper fields with

production of 5.5Moz gold and

470,000t copper

Application of new technology could

uncover many more high grade

deposits

Recent results from Chariot East:

2m @ 7.36 g/t gold from 130m in CHRC286

4m at 11.8g/t gold from 111m in CHRC287

7m at 3.14g/t gold from 130m in CHRC288

Source: Emmerson Resources company presentation

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Source: KPMG M&A Global Research Report 1999

Portfolio management

Create value through logical, opportunistic

acquisitions

Leverage off strong operational performance to

upgrade the quality of the portfolio over time

Make geological calls – backing our discovery

team

Divest underperforming assets if a fair price can

be achieved

Exercise discipline and patience

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Australia

Delivery Delivering on guidance since creation

Delivering a significant growth project

Delivering on exploration upside

Gold dividend Dividend linked to gold production and gold price

Growth Exploration funded through strong cash flow

Opportunistic, logical acquisitions

Low risk - First World jurisdiction

Second largest gold producer globally

Globally competitive on costs - and improving

The Evolution value proposition

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