Woulfe Mining Corp. ("Woulfe" or the "Company") (TSX VENTURE:WOF)(OTCQX:WFEMF)
is pleased to announce assay results for samples associated with the drilling
program at Sangdong. Drilling from underground locations at Sangdong is
continuing and the results will be used to progressively update the Resource
estimate.


This batch of assay results comprises 16 holes, of which nine were drilled from
Sangdong Level and seven were drilled from raises between Sangdong and 1 Levels.
Most were short holes of 30-50 metres length targeting the Footwall Zones
between 1 Level and Taebaek Level. Two were longer holes to test all three
zones, however both terminated at the Main Zone after intersecting stoped out
areas.


Significant Footwall Zone intersections include 13.1 metres true width at 0.60%
WO3 (WSDD0096), including 4.5 metres true width at 0.85% WO3, and 6.9 metres
true width at 0.52% WO3 (WSDD0105). One hole intersected the Hangingwall Zone
with an intersection was 7.3 metres true width at 0.35% WO3 (WSDD0100).


The significant drilling results are summarised as below:



Footwall Zones                                                              
----------------------------------------------------------------------------
                Interval      Length        True      Grade      Grade      
Hole                  (m)         (m)   Width (m)     (%WO3)    (%MoS2) Zone
----------------------------------------------------------------------------
WSDD0096     Collar 4111635N, 484762E, Azimuth 29, Dip +23, Depth 51m,      
             Target F/W zones                                               
----------------------------------------------------------------------------
Intersection   12.0-29.5        17.5        13.1       0.60       0.12  F/W 
----------------------------------------------------------------------------
Includes       12.5-18.5         6.0         4.5       0.85       0.08  F3  
----------------------------------------------------------------------------
Includes       27.0-29.5         2.5         1.9       1.46       0.01  F2  
----------------------------------------------------------------------------
WSDD0104     Collar 4111755N, 484647E, Azimuth 22, Dip +46, Depth 30m,      
             Target F/W zones                                               
----------------------------------------------------------------------------
Intersection    9.0-13.5         4.5         4.2       0.68       0.04  F2  
----------------------------------------------------------------------------
WSDD0114     Collar 4111567N, 484890E, Azimuth 205, Dip -33, Depth 14m,     
             Target F/W zones                                               
----------------------------------------------------------------------------
Intersection     2.0-6.5         4.5         4.2       0.58       0.08  F3  
----------------------------------------------------------------------------
WSDD0105     Collar 4111722N, 484639E, Azimuth 134, Dip +57, Depth 65m,     
             Target F/W, Main zones                                         
----------------------------------------------------------------------------
Intersection   15.0-23.5         8.5         6.9       0.52       0.28  F2  
----------------------------------------------------------------------------
WSDD0106     Collar 4111735N, 484617E, Azimuth 359, Dip +25, Depth 50m,     
             Target F/W zones                                               
----------------------------------------------------------------------------
Intersection   14.5-21.0         6.5         4.7       0.48       0.10  F3  
----------------------------------------------------------------------------
Includes       14.5-17.5         3.0         2.2       0.74       0.01  F3  
----------------------------------------------------------------------------
Intersection   29.5-35.0         5.5         4.0       0.75       0.08  F2  
----------------------------------------------------------------------------



Significant drill intercepts, defined as any mineralisation of 1 metre lengths
or longer, are presented in the tables above. A cut-off of 0.15% WO3 was used
for the intersection calculations.


The drilling program is targeting the unmined mineralisation in the upper
section of the mine above the current water level for mine planning and
feasibility reserve estimation purposes. The resource for this section of the
mine was re-estimated following the completion of 90 holes in the current
drilling program, resulting in an Indicated Resource of 16.4 million tonnes at
0.45% WO3, 0.04% MoS2 and an Inferred Resource of 19.4 million tonnes at 0.44%
WO3, 0.05% MoS2 at a cut-off of 0.15% WO3. The resource below the valley floor
is 34.519 million tonnes at 0.47% WO3, 0.07% MoS2 cut off 0.15% WO3.


The samples are prepared on-site in Korea to appropriate industry standards and
sent to SGS Perth, Australia for analysis. Samples are analysed by Inductively
Coupled Plasma Mass Spectrometry (ICP) and for ore-grade quantities of specific
elements by aqua regia or 4-acid digestion followed by ICP analysis. Molybdenum
is analysed by X-ray fluorescence. The QA/QC protocol comprises insertion of one
standard, one blank (crushed glass) and one pulp duplicate in every batch of 20
samples. No QA/QC results are available as yet.


This news release has been reviewed and approved in the form and context in
which it appears by Mr Paul Gribble FIMMM, C.Eng, of Tetra Tech Wardrop, who is
working with Woulfe on the Sangdong studies. Mr Gribble has appropriate
qualifications and sufficient relevant experience to qualify as a Qualified
Person for the reporting of exploration results and Mineral Resources for the
Sangdong deposit.


On Behalf of the Board of Directors 

Woulfe Mining Corp.

Brian Wesson (FAusIMM), President, CEO and Director

About Woulfe Mining Corp.

Woulfe Mining Corp. is a TSX-V listed company with a diversified portfolio of
mining licenses for tungsten, molybdenum, gold, base metals and uranium-vanadium
in South Korea.


The company's current projects include the Sangdong tungsten-molybdenum mine,
historically, one of the largest tungsten mines in the world; the Muguk
gold-silver mine, formerly South Korea's largest gold mine, as well as a number
of other properties with significant known mineralization and excellent regional
exploration potential.


Woulfe has high expectations for near-term, low-cost production. The company has
assembled a highly skilled, in-country, bilingual technical team and a board of
directors with an outstanding track record of success. 


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; 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.
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