Woulfe Mining Moves to 100% Ownership of Sangdong Project

Vancouver-based Woulfe Mining Corp. has negotiated the purchase of the 2% net smelter royalty retained on the Sangdong tungsten-molybedenum project in South Korea from Se Woo Mining Co. Ltd., for C$3.5 million. Woulfe Mining negotiated an amendment to the acquisition agreement originally dated October 9, 2006 so that the final outstanding 30% interest in the mining titles will be conferred to Woulfe Mining. Woulfe Mining Corp. has a diversified portfolio of mining licenses for tungsten, molybdenum, gold, base metals and uranium-vanadium in South Korea.