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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

(ii)      the offeror, either alone or together with any joint actors, has ownership but control is held by other persons or companies other than the offeror or any joint actor:

Not applicable.

(iii)      the offeror, either alone or together with any joint actors, has exclusive or shared control but does not have ownership:

As of May 4, 2010, Colonial First State exercised control or direction over 14,000,000 Shares and 13,750,000 Warrants representing approximately 14.04% of the issued and outstanding Shares on a partially diluted basis, assuming exercise of the Warrants  by Colonial First State.

(5)      Name of the market in which the transaction or occurrence that gave rise to the news release took place:

The transaction took place in the secondary market through the facilities of the TSX-Venture Exchange.

(5.1) The value, in Canadian dollars, of any consideration offered per security if the  offeror acquired ownership of a security in the transaction or occurrence giving rise  to the obligation to file a news release:  Not applicable.

(6)      Purpose of the offeror and any joint actors in effecting the transaction or occurrence that gave rise to the news release, including any future intention to acquire ownership of, or control over, additional securities of the reporting issuer:

The Shares of Woulfe Mining were disposed of by Colonial First State 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 were not disposed of for the purpose of acquiring, changing or influencing the control of Woulfe Mining.  Colonial First State may acquire or dispose of additional Shares or Warrants from time to time.

(7)      General nature and the material terms of any agreement, other than lending arrangements, with respect to securities of the reporting issuer entered into by the offeror, or any joint actor, and the issuer of the securities or any other entity in connection with the transaction or occurrence giving rise to the news release, including agreements with respect to the acquisition, holding, disposition or voting of any of the securities:

Not applicable.

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