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CFS Wholesale Global Resources Fund Completes Historical Early Warning Reporting Disclosure Filings Respecting Shares And Warrants Of Woulfe Mining Corp. With British Columbia And Alberta Securities Commissions

Early Warning Reports

EARLY WARNING REPORT FILED PURSUANT TO NATIONAL INSTRUMENT 62-103 *

(1)      Name and address of the offeror:

CFS Wholesale Global Resources Fund (the "Fund") Ground Floor Tower 1, 201 Sussex Street Sydney, NSW, 2000, Australia Attention:  Matthew Doyle, Group Substantial Shareholding Team

(2)      Designation and number or principal amount of securities and the offeror's securityholding percentage in the class of securities of which the offeror acquired ownership or control in the transaction or occurrence giving rise to the obligation to file the news release and whether it was ownership or control that was acquired in those circumstances:

On 19 December 2009, the Fund acquired 17,641,243 ordinary shares (the "Shares") and 8,820,621  Share purchase warrants (the "Warrants") of Woulfe Mining Corp. ("Woulfe Mining") representing approximately 13.73% of the issued and outstanding Shares of Woulfe Mining on a partially diluted basis, assuming exercise of the Warrants by the Fund, based on 183,908,917 issued and outstanding Shares of Woulfe Mining.

(3)      Designation and number or principal amount of securities and the offeror's securityholding percentage in the class of securities immediately after the transaction or occurrence giving rise to obligation to file the news release:

As of 19 December 2009, the Fund beneficially owned 17,641,243 Shares and 8,820,621 Warrants of Woulfe Mining representing approximately 13.73% of the issued and outstanding Shares on a partially diluted basis, assuming exercise of the Warrants by the Fund.

(4)      Designation and number or principal amount of securities and the percentage of outstanding securities of the class of securities referred to in paragraph (3) over which

(i)      the offeror, either alone or together with any joint actors, has ownership and control:

Not applicable.

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