VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/24/14

Woulfe Mining Corp. ("Woulfe" or the "Company") (TSX VENTURE: WOF)(FRANKFURT: OZ4) announces that it 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 "TSX-V"). 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 January 27, 2014, the Company will be completing the non-brokered private placement to raise $4,000,000 through the sale of convertible unsecured subordinated debentures (the "Offering") at a price of $1,000 per debenture ("Debentures") all as more particularly described in the Company's news release of January 27, 2014.

The Company has agreed to pay Dundee Securities Ltd. an advisory fee of 10% of the gross proceeds from the sale of the Debentures forming the Offering payable in units (each a "Unit") at a price of $0.13 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 $0.13 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 October 28, 2013 and to fund the Company's working capital deficit and budgeted general and administrative costs for 2014.

As previously disclosed, Dundee Corporation will subscribe for the full amount of the Debentures being offered.

On Behalf of the Board of Directors

Woulfe Mining Corp.

Hubert Marleau, Interim Chief Executive Officer and Director

For further information, please contact Mr. Marleau at 1-343-370-1943

About Woulfe Mining Corp.Woulfe Mining Corp., through its wholly-owned subsidiary, Sangdong Mining Corporation, is dedicated to developing the Sangdong tungsten-molybdenum mine which was historically one of the largest tungsten mines in the world and one of the few long life, high-grade tungsten deposits located outside of China.

Woulfe Mining Corp. is a CSE listed company.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements and forward-looking information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. We have made certain assumptions about the forward-looking statements and information and even though our management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statement or information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include, among others, the following: commodity price volatility; discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries; mining operational and development risk; litigation risks; regulatory restrictions, including environmental regulatory restrictions and liability; failure to complete the strategic arrangement described in this release, including because of the failure to satisfy the conditions to closing of the transaction, risks of sovereign investment; currency fluctuations; speculative nature of mineral exploration; global economic climate; dilution; share price volatility; competition; loss of key employees; additional funding requirements.

There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein. Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change and you are referred to the full discussion of the Company's business contained in the Company's reports filed with the appropriate regulatory authorities.

Contacts:
Woulfe Mining Corp.
Hubert Marleau
Interim Chief Executive Officer and Director
1-343-370-1943
hmarleau1@gmail.com

Woulfe Mining Corp.
Administration Office
+1 604 684 6264
+1 604 684 6242 (FAX)
www.woulfemining.com