Cory : Disregard the site that Stu mentions.
You are the first MK II with an M35BC engine (that I know of) to have a exhaust riser problem. All of the data on our site applies to a M25/XP engine and your exhaust system is very differant!
Your flange on the riser should be welded to a piece that is circular and mates to an identical piece on the engine exhaust manifold (with a gasket inbetween). The two circular pieces are held together with a special circular grooved clamp.
I'd contact Catalina and I'll guess that they will tell you to ship them your leaking piece so they can make a replacement.
I wouldn't go "cheap charlie" as exhaust fumes can be dangerous. A few thoughts
