IMC Ibero Mining Corp

Woulfe Mining Corp. ("Woulfe" or the "Company") (TSX VENTURE:WOF)(FRANKFURT:OZ4)
announces today that it has executed an Omnibus Amendment Agreement (the
"Amendment") in respect of the $10.0 million bridge loan advanced by TaeguTec
Ltd. ("TaeguTec"), an affiliate of International Metalworking Companies B.V.
("IMC"), on February 26, 2012 and March 4, 2013, which includes amendments to
the Subscription Agreement originally dated February 26, 2012 between the
Company, its wholly owned subsidiary Sangdong Mining Corp. ("Sangdong") and IMC
pursuant to which, subject to the terms and conditions thereof, IMC will acquire
a 25% interest in Sangdong for aggregate consideration of $35 million. (See
Woulfe press release dated February 28, 2012 and March 4, 2013). 


Pursuant to the Amendment, the maturity date of the original loan has been
extended to the earlier of the closing of the strategic transactions with IMC or
December 15, 2014. Additionally, the parties have agreed that the outside date
for the completion of the transactions contemplated by the Subscription
Agreement shall be extended until December 15, 2015. The parties are however
working towards completion of the transactions contemplated by the Subscription
Agreement as soon as is feasible, but which is expected to be following the
completion of the proposed $6 million work program on the Sangdong project as
previously announced on October 28, 2013.


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 TSX-V 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
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

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