Woulfe Mining Appoints Michael Skead, Michel Gaucher and Benjamin Yi to Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 30, 2013) - Woulfe Mining Corp. (TSX VENTURE:WOF)(OTCQX:WFEMF)(FRANKFURT:OZ4) is pleased to announce that it has appointed Michael Skead, Michel Gaucher and Benjamin Yi to its board of directors. The Company also advises that John Icke has resigned from the Company's board of directors, effective immediately.

Michael Skead is a geologist with over 23 years of international experience in the mineral exploration field. He previously served as the President and Chief Executive Officer of Ryan Gold Corp. from October 2007 to May 2012 and the Vice President of Banro Corp. from August 2005 to September 2007. Michael has a B.Sc Honours from the University of Cape Town and a M.Sc in Mineral Exploration and Exploration Geology from Rhodes University.

Michel Gaucher is the Chief Executive Officer and Chairman of the Board of Dynamis Group Inc, a diversified holding company. He is a President of College Stanislas of Montreal and Director and member of several non-profit organizations. Mr. Gaucher is a member of the Quebec and Canadian Bar Associations, and of the Order of Professional Engineers of Quebec. Michel sat on the board of directors of Cambior Inc. from 1991 to 2006. Michel holds a Bachelor of Arts from College Stanislas, a Bachelor of Science from Ecole Polytechnique of Montreal, an MBA from McGill University and a Bachelor of Law from the University of Montreal.

Benjamin Yi is an investment analyst with Goodman & Company, Investment Counsel. Prior to joining Goodman & Company, Benjamin co-founded and led the Product Analytics group at Dynamic Funds, where he focused on fund analysis and the development of closed end fund trading strategies. Previously, Benjamin worked in a business development capacity at VenGrowth Capital Partners, a Toronto based private equity and venture capital firm, after beginning his career at Fidelity Investments Canada. Benjamin holds a Bachelor of Commerce degree from Trinity College and a Master of Finance degree from the Rotman School of Management at the University of Toronto. He is a member of the Toronto CFA Society and became a CFA charter holder in 2008.

On Behalf of the Board of Directors, Woulfe Mining Corp.

Hubert Marleau, Interim Chief Executive Officer and Director

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.