Woulfe Mining Secures Permits to Develop Production Adit at Sangdong

Woulfe Mining Corp. ("Woulfe" or the "Company") (TSX VENTURE:WOF)(OTCQX:WFEMF)
is pleased to announce that permitting of the production adit for its Sangdong
tungsten/molybdenum mine in South Korea has been approved. Approval was granted
by the Ministry of Knowledge & Economy on July 21st 2011 (Approval No.
11-0721-1). A land lease contract with Yeongwol County for the adit area was
secured on July 14th 2011.


The portal (entrance) and production adit will be located within a short haulage
distance of less than 100 metres from the designed crusher site, and will access
the mineralisation almost immediately inside the decline. The 6 by 6 metre adit
will facilitate the use of modern bulk mining equipment and will provide access
to all three zones (Main, Hangingwall and Footwall) within the initial mining
block in the upper 25% of the ore body mostly above the valley floor. Wardrop, a
Tetra Tech company, recently released an interim resource for this area,
comprising 5,968,000 tonnes at 0.42% WO3 ("Indicated Resource") and 18,572,000
tonnes at 0.45% WO3 ("Inferred Resource"). At proposed mining rates this area
has the potential to provide 20 years of mining before having to move below
level 2 into the deeper mine and dewater.


Development will commence as soon as the final design portal (entrance) is
completed. 


Brian Wesson CEO/President of Woulfe added, "The government authorities are
working with Woulfe to move the project forward and the permitting is a
significant step towards production in 2012. The development will also provide
access to mine bulk samples for metallurgical pilot plant testwork to optimize
recovery and production of Ammonia Paratungstate ("APT")."


This news release has been reviewed and approved in the form and context in
which it appears by Mr. Paul Gribble FIMMM, C.Eng, of Wardrop, who is working
with Woulfe on the Sangdong studies. Mr. Gribble has appropriate qualifications
and sufficient relevant experience to qualify as a Qualified Person for the
reporting of exploration results for the Sangdong deposit.


On Behalf of the Board of Directors 

Woulfe Mining Corp.

Brian Wesson (FAusIMM), President, CEO and Director

About Woulfe Mining Corp.

Woulfe Mining Corp. is a TSX-V listed company with a diversified portfolio of
mining licenses for tungsten, molybdenum, gold, base metals and uranium-vanadium
in South Korea.


The company is focused on the development of the Sangdong tungsten mine (one of
the World's largest and most renowned tungsten mine's for 40 years) a property
that we believe has substantial value for our shareholders. The outcome of the
scoping study in March 2010 determined that the project NPV was US$467 million
at a commodity price of $25,000 per tonne Ammonium Paratungstate (APT). Today,
the APT price is over US$45,000 per tonne. Woulfe has accelerated the project
due to the robust project and market. The company's target is to move to
production at the end of 2012. In the last 18 months the company has focused on
building the Sangdong tungsten mine team and reopening the mine. The project is
well staffed with professionals and is moving forward rapidly. 


Woulfe Corporate has now turned its focus to the Muguk gold project,
historically Korea's largest producing gold mine. In 1998, Muguk was reported by
Korea Resources Corporation (KORES) to contain a combined resource of 1,418,980
tonnes @ 13.5 g/t gold, 72.8 g/t silver (615,956 oz gold and 3,321,599 oz
silver). Woulfe cautions that a Qualified Person has not done sufficient work to
classify the historical estimate as current, that it is not treating the
historical estimate as current and that the historical estimate should not be
relied upon. A drill campaign is starting drilling the down dip extensions of
the Three Brothers Vein in June 2011. Woulfe's other projects will be considered
once these two projects are moving to production, in order to unlock value for
shareholders and to move the company to a positive cash flow as quickly as
possible.


Mineral resources that are not mineral reserves do not have demonstrated
economic viability.


Forward-looking statements and forward-looking information by their nature are
based on assumptions and involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
the Company to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements or
information. We have made certain assumptions about the forward-looking
statements and information and even though our management believes that the
assumptions made and the expectations represented by such statements or
information are reasonable, there can be no assurance that the forward-looking
statement or information will prove to be accurate. Furthermore, should one or
more of the risks, uncertainties or other factors materialize, or should
underlying assumptions prove incorrect, actual results may vary materially from
those described in forward-looking statements or information. These risks,
uncertainties and other factors include, among others, the following: commodity
price volatility; discrepancies between actual and estimated production, mineral
reserves and resources and metallurgical recoveries; mining operational and
development risk; litigation risks; regulatory restrictions, including
environmental regulatory restrictions and liability; risks of sovereign
investment; currency fluctuations; speculative nature of mineral exploration;
global economic climate; dilution; share price volatility; competition; loss of
key employees; additional funding requirements.


There can be no assurance that forward-looking statements or information will
prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, you should
not place undue reliance on the forward-looking statements or information
contained herein. Except as required by law, we do not expect to update
forward-looking statements and information continually as conditions change and
you are referred to the full discussion of the Company's business contained in
the Company's reports filed with the appropriate regulatory authorities.