Mr. Michel Gaucher reports

WOULFE MINING ANNOUNCES ISSUANCE OF SHARES

Further to Woulfe Mining Corp.'s news release dated March 10, 2014, the company has elected to issue 1,209,863 common shares, at a deemed price of 10 cents per share, to Dundee Corp. in satisfaction of the interest due and payable on Sept. 30, 2014, under the convertible debenture agreement dated March 7, 2014, entered into between the company and Dundee.

The common shares issued in satisfaction of the interest will be subject to a four-month hold period from the date of issuance.

Additionally, further to the company's news release dated Aug. 21, 2014, the company advises that 13,075,000 warrants that were due to expire on Aug. 31, 2014, have been extended to Aug. 31, 2015.