Mr. John Greenhalgh reports

COLONIAL FIRST STATE COMPLETES HISTORICAL EARLY WARNING REPORTING DISCLOSURE FILINGS RESPECTING SHARES AND WARRANTS OF WOULFE MINING CORP. WITH BRITISH COLUMBIA AND ALBERTA SECURITIES COMMISSIONS

Control and direction have been exercised over the ordinary shares and share purchase warrants of Woulfe Mining Corp. by Colonial First State Asset Management (Australia) Ltd. and Colonial First State Investments Ltd. during the period that began on Dec. 19, 2009, and ended on Dec. 31, 2012. As at Jan. 21, 2013, Colonial First State exercised control and direction over 31,457,911 shares and 2.5 million warrants of Woulfe representing approximately 10.04 per cent of the issued and outstanding shares of Woulfe on a partially diluted basis, assuming exercise of the warrants by Colonial First State.

The shares and warrants of Woulfe acquired by Colonial First State during the reporting period were acquired in the ordinary course of businesses as portfolio managers on behalf of investment funds in respect of which Colonial First State has been granted discretionary investment management authority. The shares and warrants were not acquired for the purpose of acquiring, changing or influencing the control of Woulfe. Colonial First State may acquire or dispose of additional shares or warrants from time to time.

A copy of each of the early warning reports may also be found on Woulfe's continuous disclosure record at SEDAR.

About Colonial First State

Colonial First State and Colonial First State Global Asset Management comprise the main fund management entities forming part of the Commonwealth bank group of companies. Colonial First State is one of Australia's largest fund managers, with $149-billion (Australian) in funds under administration as at Aug. 31, 2012. Colonial First State provides investment, superannuation and retirement products to individuals, as well as to corporate and superannuation fund investors. Colonial First State is a leader in providing value for money and has investment management expertise spanning Australian and global shares, property securities, direct property, infrastructure, cash, fixed interest and credit.