Drilling results at Woulfe Mining’s Sangdong tungsten-molybdenum project continue to support the company’s early start-up proposal.

The tungsten-molybdenum mineralization at Sangdong is hosted within three parallel, shallow-dipping skarn zones (Main, Hangingwall and Footwall) with a lateral extent of up to 1200 metres along strike and 1500 metres down dip.

Assay results for the fifth of nine batches of samples associated with the now completed drilling program include 3.9 metres @ 2.33% tungsten in the Main Zone and 10.8 metres @ 0.51% tungsten in the Footwall Zone.

The drilling program targeted the unmined mineralization in the upper section of the mine above the current water level for mine planning and feasibility reserve estimation purposes.

The 2010 March Wardrop Engineering scoping study produced an inferred resource of 103.6 million tonnes @ 0.35% tungsten and 0.04% molybdenum. This resource modelled the group of Footwall mineralized zones as a combined unit and the Hangingwall Zone as another unit. Any remaining mineralization from the Main Zone was not included.

The fifth batch comprised four holes all of which intersected the Main Zone. One hole intersected 16.5 metres (true width 12.4 metres) at an average grade of 0.70% tungsten and another intersected 21.5 metres (true width 13.7 metres) at an average grade of 0.45%. Another intersected 11.5 metres (true width 8.9 metres) at an average grade of 1.15% before being abandoned due to a cavity, most likely a Main Zone working.

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

www.woulfemining.com

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