Mr. Hubert Marleau reports

WOULFE MINING TO LIST ON CSE, DELIST FROM TSXV

Woulfe Mining Corp. has received conditional approval to list its common shares on the Canadian Stock Exchange (CSE), and intends to voluntarily delist its common shares from the TSX Venture Exchange. The company's common shares are expected to be delisted from the TSX-V at the close of business on March 7, 2014, being 10 trading days from today's date, and with trading anticipated to commence on the CSE on Monday, March 10, 2014, under the symbol WOF.

The company expects that the transition between the TSX-V and the CSE will be completed in a seamless manner.

Concurrent with listing on the CSE, and further to its news release of Jan. 27, 2014, the company will be completing the non-brokered private placement to raise $4-million through the sale of convertible unsecured subordinated debentures at a price of $1,000 per debenture all as more particularly described in the company's news release of Jan. 27, 2014.

The company has agreed to pay Dundee Securities Ltd. an advisory fee of 10 per cent of the gross proceeds from the sale of the debentures forming the offering payable in units at a price of 13 cents per unit. Each unit will comprise one common share and one share purchase warrant entitling the holder to acquire an additional common share at a price of 13 cents for a period of 60 months from the closing of the offering.

The company intends to use the net proceeds of the offering to commence proposed $6-million work program on the Sangdong project as previously announced on Oct. 28, 2013, and to finance the company's working capital deficit and budgeted general and administrative costs for 2014.

As previously disclosed, Dundee Corp. will subscribe for the full amount of the debentures being offered.

We seek Safe Harbor.