Woulfe Mining Reports Drill Results for the Sangdong Drilling Program

Woulfe Mining Corp. ("Woulfe" or the "Company") (TSX
VENTURE:WOF)(OTCQX:WFEMF)(FRANKFURT:OZ4) is pleased to announce assay results
for samples associated with the drilling program at Sangdong. Drilling from
underground locations at Sangdong is continuing and the results will be used to
progressively update the Resource estimate.


This batch of assay results comprises 16 holes, comprising three holes drilled
from Sangdong Level and 13 holes drilled from -1 Level. Most of the -1 Level
holes were 20-50 metres in length and targeted the Footwall Zones. The Sangdong
Level holes were located towards the western end of the orebody and were 50-80
metres in length. Two of the holes targeted the Hangingwall Zone and two were
collared within the Main Zone. 




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                                       True                              
               Interval    Length     Width     Grade     Grade          
Hole                (m)       (m)       (m)    (%WO3)   (%MoS2)      Zone
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Footwall Zones                                                           
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WSDD0122 Collar 4111574N, 485019E, Azimuth 22, Dip +43, Depth 32m, Target
 F/W zones                                                               
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Intersection   2.5-15.0      12.5      11.7      0.52      0.01        F2
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Includes        3.5-5.0       1.5       1.4      0.89      0.01        F2
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Includes       9.0-11.0       2.0       1.9      1.80      0.01        F2
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WSDD0126 Collar 4111710N, 484884E, Azimuth 22, Dip +40, Depth 34m, Target
 F/W zones                                                               
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Intersection    3.0-7.0       4.0       3.7      0.74      0.06        F2
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WSDD0136 Collar 4111498N, 485168E, Azimuth 105, Dip +21, Depth 30m,      
 Target F/W zones                                                        
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Intersection   3.0-11.0       8.0       4.2      0.59      0.03        F2
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Includes       9.0-11.0       2.0       1.1      1.00      0.06        F2
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WSDD0124 Collar 4111671N, 484886E, Azimuth 27, Dip +38, Depth 20m, Target
 All zones                                                               
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Intersection    0.0-2.5       2.5       2.3      0.85      0.02        F2
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Intersection  12.0-14.0       2.0       1.9      0.85      0.03        F2
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Main Zone                                                                
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WSDD0143 Collar 4111951N, 484356E, Azimuth 21, Dip +46, Depth 54m, Target
 Main and H/W zones                                                      
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Intersection    0.5-9.0       8.5       8.5      0.37      0.07      Main
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Includes        1.5-3.0       1.5       1.5      0.56      0.05      Main
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Hangingwall Zone                                                         
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WSDD0153 Collar 4111623N, 485220E, Azimuth 7, Dip +46, Depth 41m, Target 
 Main and H/W zones                                                      
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Intersection  28.0-35.0       7.0       7.0      0.40      0.09       H/W
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Includes      31.0-35.0       4.0       4.0      0.49      0.13       H/W
-------------------------------------------------------------------------



Significant Footwall Zone intersections include 11.7 metres true width at 0.52%
WO3 (WSDD0122), 3.7 metres true width at 0.74% WO3 (WSDD0126), and 4.2 metres
true width at 0.59% WO3 including 1.1 metres true width at 1.00% WO3,
(WSDD0136). 


The significant drilling results are summarised as below:

Significant drill intercepts, defined as any mineralisation of 1 metre lengths
or longer, are presented in the tables above. A cut-off of 0.15% WO3 was used
for the intersection calculations.


The drilling program is targeting the unmined mineralisation in the upper
section of the mine above the current water level for mine planning and
feasibility reserve estimation purposes. The resource for this section of the
mine was re-estimated following the completion of 90 holes in the current
drilling program, resulting in an Indicated Resource of 16.4 million tonnes at
0.45% WO3, 0.04% MoS2 and an Inferred Resource of 19.4 million tonnes at 0.44%
WO3, 0.05% MoS2 at a cut-off of 0.15% WO3. The resource below the valley floor
is 34.519 million tonnes at 0.47% WO3, 0.07% MoS2 cut off 0.15% WO3.


The samples are prepared on-site in Korea to appropriate industry standards and
sent to SGS Perth, Australia for analysis. Samples are analysed by Inductively
Coupled Plasma Mass Spectrometry (ICP) and for ore-grade quantities of specific
elements by aqua regia or 4-acid digestion followed by ICP analysis. Molybdenum
is analysed by X-ray fluorescence. The QA/QC protocol comprises insertion of one
standard, one blank (crushed glass) and one pulp duplicate in every batch of 20
samples. No QA/QC results are available as yet.


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 Tetra Tech 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 and Mineral Resources 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. "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
[e-mail]. 


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; failure to complete the
strategic arrangement described in this release, including because of the
failure to satisfy the conditions to closing of the transaction, 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.