Mr. Michel Gaucher reports

WOULFE MINING CORP. ANNOUNCES PROPOSED ISSUANCE OF SHARES

Woulfe Mining Corp., further to the company's news release dated March 10, 2014, has elected to issue 1,344,292 common shares at a deemed price of nine cents per share to Dundee Corp., in satisfaction of the interest due and payable on Dec. 31, 2014, under the convertible debenture agreement dated March 7, 2014, entered into between the company and Dundee.

The company further announces that it will be issuing 98,438 common shares at a deemed price of eight cents per share and 82,895 common shares at a deemed price of 9.5 cents per share to one of its service provides in Canada, as partial compensation for continuing services. The common shares issued for services will be subject to a four-month hold period from the date of their issuance.