Tungsten

Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) appointed Hubert Marleau, a director of the Company, as the Company's interim Chief Executive Officer.

Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) executed an Amended and Restated Bridge Loan Agreement in respect of the original $5 million bridge loan advanced by TaeguTec Ltd. on February 26, 2012. The Company has also executed an amendment agreement to the Subscription Agreement dated February 26, 2012 between the Company, Sangdong Mining Corp., and IMC, which states that IMC will acquire a 25% interest in Sangdong for aggregate consideration of $35 million.

Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) announced that President and CEO Brian Wesson and VP of Business Administration Amelia Wesson have resigned from their positions.

Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) clarified, restated, and updated previously issued reports and disclosures on its website. The 2010 Scoping Study and mineral resource estimates have been superseded by a feasibility study on the Sangdong property having an effective date of June 6, 2012. The Feasibility Study did not contain a complete mineral resource update, but converted a prior reported Indicated Resource of 16.4 Mt @ 0.45% WO3 with a cut-off of 0.15% WO3 to the Probable Reserve reported above.

Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) announced a convertible debt offering up to $10 million, and has engaged Dundee Securities Ltd. to sell, on a reasonable commercial-efforts basis, at a price of $1,000 per debenture with an interest rate of 10% per year, payable semi-annually in arrears on the last day of June and December. The Company also announced the appointment of Ned Goodman, President and Chief Executive Officer of Dundee Corporation and President and Chief Executive Officer of Goodman Investment Counsel Inc. (GICI), to the board of directors.