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Colonial First State Completes Historical Early Warning Reporting Disclosure Filings Respecting Shares And Warrants Of Woulfe Mining Corp. With British Columbia And Alberta Securities Commissions

SYDNEY, NSW, Australia, Jan. 23, 2013 /CNW/ - This press release is being disseminated as required by National Instrument 62-103 The Early Warning System and Related Take Over Bids and Insider Reporting Issues in connection with the filing of historical early warning reports (the "Early Warning Reports") regarding the control and direction that was exercised over the ordinary shares (the "Shares") and Share purchase warrants (the "Warrants") of Woulfe Mining Corp.  ("Woulfe") by Colonial First State Asset Management ( Australia) Limited and Colonial First State Investments Limited ("Colonial First State") during the period that began on December 19, 2009 and ended on December 31, 2012 (the "Reporting Period").  As at January 21, 2013, Colonial First State exercised control and direction over 31,457,911 Shares and 2,500,000 Warrants of Woulfe representing approximately 10.04% of the issued and outstanding Shares of Woulfe on a partially diluted basis, assuming exercise of the Warrants by Colonial First State.  Each of the Early Warning Reports that have been filed in connection with the transactions in the Shares and Warrants that were conducted by Colonial First State during the Reporting Period are attached as Schedule A to this press release.

The Shares and Warrants of Woulfe acquired by Colonial First State during the Reporting Period were acquired in the ordinary course of their businesses as portfolio managers on behalf of investment funds in respect of which they have been granted discretionary investment management authority.  The Shares and Warrants were not acquired for the purpose of acquiring, changing or influencing the control of Woulfe.  Colonial First State may acquire or dispose of additional Shares or Warrants from time to time.

A copy of each of the Early Warning Reports attached as Schedule A may also be found on Woulfe's continuous disclosure record at www.SEDAR.com.

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