Mr. John Greenhalgh of Colonial First State Asset Management (Australia) Ltd. reports

CFS WHOLESALE GLOBAL RESOURCES FUND COMPLETES HISTORICAL EARLY WARNING REPORTING DISCLOSURE FILINGS RESPECTING SHARES AND WARRANTS OF WOULFE MINING CORP. WITH BRITISH COLUMBIA AND ALBERTA SECURITIES COMMISSIONS

This press release is being disseminated as required by National Instrument 62-103, the early warning system and related takeover bids and insider reporting issues, in connection with the filing of historical early warning reports regarding the ordinary shares and share purchase warrants of Woulfe Mining Corp. that were beneficially owned by CFS Wholesale Global Resources Fund, an Australian registered fund, during the period that began on Dec. 19, 2009, and ended on Dec. 31, 2012. As at Jan. 21, 2013, the fund beneficially owned 17,970,581 shares and 1,475,903 warrants of Woulfe, representing approximately 5.77 per cent of the issued and outstanding shares of Woulfe on a partially diluted basis, assuming exercise of the warrants by, or on behalf of, the fund.

The shares and warrants of Woulfe were acquired by the fund in the ordinary course of its business as an investment fund. The shares and warrants were not acquired for the purpose of acquiring, changing or influencing the control of Woulfe. The fund may acquire or dispose of additional shares or warrants from time to time.

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