Mr. Brian Wesson reports

WOULFE MINING ANNOUNCES FIRST BLAST OF PRODUCTION PORTAL AT SANGDONG PROJECT

The first blast took place as scheduled on Oct. 8, 2012, at Woulfe Mining Corp.'s Sangdong tungsten/molybdenum project in South Korea. The new portal has been named the Woulfe drive, after the parent company.

The initial production area is only 50 metres from the current portal position. The development of the six-metre-square access drive will take 60 days to reach the initial mining area.

Having all mining permits in place, Woulfe is able to focus on mining the high-grade eastern section of the main and footwall mineralization, over the next 12 months. Run-of-mine ore will be stockpiled on surface pending the completion of the crushing plant in the middle of next year. The ore will then be crushed to passing 10 millimetres, and then stockpiled until the mill and flotation plant are completed in the latter part of 2013.

Woulfe currently has 68 staff on site, mining and preparing the site for construction. Trial mining and exploration have yielded over 10,000 tonnes currently stockpiled on surface.

Brian Wesson, chief executive officer and president, commented, "Having lost time completing Woulfe's strategic agreements with IMC, we are now completely focused on bringing Sangdong to production and achieving positive cash flow."

We seek Safe Harbor.