Standard & Poor's Initiates Factual Stock Report Coverage on Woulfe Mining Corp.

Standard & Poor′s announced today that it has commenced Factual
Stock Report coverage Woulfe Mining Corp.

Woulfe Mining Corp. (TXV:WOF), in the exploration stage as of December
31, 2010, acquires and explores mineral property interests in South
Korea. It has a diversified portfolio of mining licenses for tungsten,
molybdenum, gold, base metals and uranium-vanadium in South Korea.

The company's projects include the Sangdong tungsten-molybdenum mine;
the Muguk gold-silver mine; and a number of other properties with
significant known mineralization. The Sangdong Project, the company's
most advanced project, is a tungsten-molybdenum deposit with bismuth and
gold as byproducts. It is located 187 kilometers southeast of Seoul in
eastern South Korea. Woulfe holds a 70% interest in the Sangdong
Project. In March 2011, the company reported on its activities and plans
at the Sangdong tungsten-molybdenum project in South Korea.

Woulfe is advancing the Sangdong project by simultaneously working on
five key project objectives. The plan is to have four critical items
completed by end of 2011 with project development to be completed during
2012. Woulfe reported that it was drilling the upper part of the current
inferred resource of 103.6 Mt at 0.37% WO3 and 0.04% MoS2 cut off 0.1%
WO3. The drilling was focused above the valley floor in an area which is
mostly unmined. As of mid-March 2011, there were six drill rigs onsite
and the program was expected to be completed in May 2011.

The company noted that the scoping study did not take into consideration
the molybdenum stock work ore body located below the skarn
mineralization. This zone was drilled by Korea Resources Corporation,
which produced a historical non-compliant reserve estimate of 15 million
tonnes at 0.4% MoS2. The 42 holes drilled in the lode were at a steep
angle to the interpreted mineralized structures, as were the two
subsequent holes drilled by Woulfe. A follow-up drilling program will be
considered following the completion of the current program.

S&P
Factual Stock Report coverage Woulfe Mining Corp. will also be
accessible on an ongoing basis to the investment community by scores of
buy-side institutions and sell-side firms that utilize S&P research and
information platforms daily. Millions of self-directed investors also
have access to the report via their e-brokerage accounts. Please visit www.woulfemining.com
for additional information.

About Standard & Poor's Factual Stock Reports

This Standard & Poor′s service provides factual research coverage
enabling information about Woulfe Mining Corp. and other securities to
reach a wide investor audience of Buy and Sell-side investors, helping
them understand a company′s fundamentals and business prospects.
Currently profiling over 500 issuers, S&P Factual Stock Reports increase
market awareness for issuers in the investment community with insightful
commentary and key statistics/information. Updated weekly with the
latest pricing, trading volume, and other data, the reports include
recent developments, a financial review, key operating information,
Industry and peer comparisons, institutional holdings analysis, Street
Consensus and opinions, performance charts, business summary,
fundamental data, and news. Because coverage of these reports is
sponsored by the issuer, S&P does not offer investment opinions
concerning the advisability of investing in these stocks.

Standard & Poor′s Factual Stock Reports are produced separately from any
other analytic activity of Standard & Poor′s. Standard & Poor′s Factual
Report research has no access to non-public information received by
other units of Standard & Poor′s. Standard & Poor′s does not trade on
its own account.

Note:All U.S. and Canadian Companies listed on a National
Exchange (not covered by S&P′s STARS research) are eligible to obtain
this coverage.

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Woulfe Mining Corp.:

Marion Gelmon, 604-684-0264

geimon@iocorporate.com

or

Standard
& Poor's:

Customer Contact:

Richard Albanese, 212-438-3647

richard_albanese@standardandpoors.com

or

Media
Relations Contact:

Michael Privitera, 212-438-6679

michael_privitera@standardandpoors.com