Mr. Hubert Marleau reports

WOULFE MINING APPOINTS MICHAEL SKEAD, MICHEL GAUCHER AND BENJAMIN YI TO BOARD OF DIRECTORS

Woulfe Mining Corp. has appointed Michael Skead, Michel Gaucher and Benjamin Yi to its board of directors. The company also advises that John Icke has resigned from the company's board of directors, effective immediately.

Mr. Skead is a geologist with over 23 years of international experience in the mineral exploration field. He previously served as the president and chief executive officer of Ryan Gold Corp. from October, 2007, to May, 2012, and the vice-president of Banro Corp. from August, 2005, to September, 2007. Mr. Skead has a BSc honours from the University of Cape Town and an MSc in mineral exploration and exploration geology from Rhodes University.

Mr. Gaucher is the chief executive officer and chairman of the board of Dynamis Group Inc, a diversified holding company. He is a president of College Stanislas of Montreal and director and member of several non-profit organizations. Mr. Gaucher is a member of the Quebec and Canadian Bar Associations, and of the Order of Professional Engineers of Quebec. Mr. Gaucher sat on the board of directors of Cambior Inc. from 1991 to 2006. Mr. Gaucher holds a bachelor of arts from College Stanislas, a bachelor of science from Ecole Polytechnique of Montreal, an MBA from McGill University and a bachelor of law from the University of Montreal.

Mr. Yi is an investment analyst with Goodman & Company, investment counsel. Prior to joining Goodman & Company, Mr. Yi co-founded and led the product analytics group at Dynamic Funds, where he focused on fund analysis and the development of closed-end fund trading strategies. Previously, Mr. Yi worked in a business development capacity at VenGrowth Capital Partners, a Toronto-based private equity and venture capital firm, after beginning his career at Fidelity Investments Canada. Mr. Yi holds a bachelor of commerce degree from Trinity College and a master of finance degree from the Rotman School of Management at the University of Toronto. He is a member of the Toronto CFA Society and became a CFA charter holder in 2008.