WOF Woulfe Mining Corp.

Woulfe Mining Corp. ("Woulfe" or the "Company") (TSX VENTURE:WOF) (OTCQX:WFEMF)
(FRANKFURT:OZ4) provides an update concerning the Company's private placement as
announced on August 26, 2013. 


Pursuant to an equity participation agreement between the Company and Korea Zinc
Co. Ltd. ("Korea Zinc") dated December 15, 2010, Korea Zinc is entitled to
maintain its pro rata interest in the Company (as set at the time of its initial
subscription in the Company completed on December 22, 2010) in the event the
Company intends to complete an equity financing, for so long as Korea Zinc,
together with its nominees, continues to hold at least 5% of the issued and
outstanding shares of the Company (the "Participation Right"). 


In the event that Korea Zinc elects to exercise the Participation Right in full,
a further 3,133,503 units will be issued at a price of $0.10 per unit, in
addition to the 10,000,000 units to be placed as announced in August 26, 2013,
generating additional gross proceeds of $313,350.30, for aggregate gross
proceeds of $1,313,350.30. As previously announced, each unit will be comprised
of one common share and one share purchase warrant. Each warrant will allow the
holder to acquire one additional share of the Company at a price of $0.12 per
share for a period of three years from issuance. Korea Zinc may exercise its
Participation Right in any lesser portion at its sole discretion. 


The Company intends to use the net proceeds of the placement for general
corporate purposes. The placement is subject to regulatory approvals, including
the approval of the TSX Venture Exchange.


On Behalf of the Board of Directors 

Woulfe Mining Corp. 

Hubert Marleau, Interim Chief Executive Officer and Director 

About Woulfe Mining Corp "Unearthing Global Assets"

Woulfe Mining Corp is focused on 'Unearthing Global Assets' through the
recognition and development of undervalued natural resource projects. Woulfe
differentiates itself by boasting significant technical expertise in the design,
development and operation of mining projects.


Our flag ship project is the Sangdong tungsten mine in South Korea, historically
the world's largest tungsten mine for over 40 years. Sangdong is expected to
return to production by Q4 of 2013. Woulfe has entered into strategic agreements
with International Metalworking Companies B.V. ('IMC'), part of the Berkshire
Hathaway group of companies. This partnership brings strategic advantage given
Woulfe's mining and processing technical abilities and IMC's downstream
manufacturing skills, high level of innovation and quality of products sold into
the global tungsten market. Woulfe Mining Corp. is a Canadian TSX-V listed
company. Further information can be found on Woulfe's website
www.woulfemining.com or on info@woulfe.com.au. 


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Woulfe Mining Corp.
Hubert Marleau
Interim Chief Executive Officer and Director
343 370 1943


Woulfe Mining Corp.
Administration Office
+1 604 684 6264
+1 604 684 6242 (FAX)
info@woulfe.com.au
www.woulfemining.com

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