Mr. Michel Gaucher reports

WOULFE MINING CORP. ANNOUNCES PROPOSED ISSUANCE OF SHARES

Further to the news release dated March 10, 2014, Woulfe Mining Corp. has elected to issue 1,821,002 common shares, at a deemed price of 6.5 cents per share, to Dundee Corp. in satisfaction of the interest due and payable on March 31, 2015, under the convertible debenture agreement dated March 7, 2014, entered into between the company and Dundee.

The company further announces that it will be issuing 116,664 common shares at a deemed price of six cents per share to one of its service providers in Canada as partial compensation for continuing services.

The common shares issued for services will be subject to a four-month hold period from the date of their issuance.