Brian WessonPresident & CEOWoulfe Mining
WHY INVEST WITH WOULFE?      EXPERIENCE         TRUST      KNOWLEDGE        SUCCESS
Cautionary StatementInformation contained in this Presentation is the property of the           information, including sta...
Experience – Right Commodity•    Tungsten mostly used for inserts to machine and cut steel     as it is very hard and high...
Knowledge – Location Korea•    Safe and decease free mining destination•    Fiscal advantage - no royalties and low rate o...
Trust - Right Asset• 40 years of production history• 13.3 years of reserve at 1.2 Mt/a• Grade 0.43% WO3 @ cut off  0.34%WO...
Success - Investment•   Tungsten – compelling fundamentals•   Woulfe – experienced team•   South Korea – stable, low risk ...
Progress – Achievements to Date
Progress – The Next 12 Months
Woulfe MiningTSX – V : WOFOTCQX : WFEMFFrankfurt: OZ4For more information visit:www.woulfemining.com
Company Spotlight: Woulfe Mining
Company Spotlight: Woulfe Mining
Company Spotlight: Woulfe Mining
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Company Spotlight: Woulfe Mining

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Presented by Brian Wesson, Woulfe Mining at Mines and Money London.

www.minesandmoney.com/london

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Company Spotlight: Woulfe Mining

  1. 1. Brian WessonPresident & CEOWoulfe Mining
  2. 2. WHY INVEST WITH WOULFE? EXPERIENCE TRUST KNOWLEDGE SUCCESS
  3. 3. Cautionary StatementInformation contained in this Presentation is the property of the information, including statements relating to Woulfe Mining’sCompany. future plans, objectives or expected results, constitute forward-It is made available strictly for the purposes of providing looking statements. Forward-looking statements are basedbackground information. Neither the communication of this on numerous assumptions and are subject to the risks andPresentation nor any part of its contents is to be taken as any uncertainties inherent in Woulfe Mining’s business, including risksform of commitment on the part of the Company to proceed with inherent in mineral exploration and development. As a result,any transaction. This Presentation does not constitute, or form actual results may vary materially from those described in thepart of, any offer or invitation to sell or issue, or any solicitation of forward-looking statements. Woulfe Mining disclaims anyany offer to subscribe for or purchase any securities in the obligation to update any forward-looking statements. Note thatCompany, nor shall it, or the fact of its communication, form the Woulfe Mining refers to historical resource estimates in thisbasis of, or be relied upon in connection with, or act presentation. Source, date, relevance, reliability and explanationsas any inducement to enter into, any contract or commitment on categories are presented with the historical estimates. Awhatsoever with respect to such securities. The communication qualified person has not done sufficient work to classify theof this Presentation in or to persons in certain jurisdictions may historical resources as current mineral resources. Woulfe Miningbe restricted by law and persons who may receive is not treating the historical estimates as current mineralcommunication of this Presentation should inform themselves resources and the historical estimates should not be relied upon.about, This PowerPoint presentation was prepared to assist interestedand observe, any such restrictions in advance of communication parties in making their own assessment of Woulfe Mining and itsto them of this Presentation. Neither the TSX Venture Exchange mineral properties, and does not purport to contain all of thenor its Regulation Services Provider (as that term is defined in the information that a prospective investor may desire. In all cases,policies of the TSX Venture Exchange) accepts responsibility for interested parties should conduct their own investigation andthe adequacy or accuracy of this Presentation. analysis of the Company, its assets and the information providedCautionary Note Regarding Mineral Resources and Mineral in this presentation. Additional information about the Company isReserves available on SEDAR at www.sedar.com. Any and all statements,Readers should refer to the Companys current technical reports forecasts, projections and estimates contained in thisand other continuous disclosure documents filed by the Company presentation are based on management’s current knowledge andavailable on Sedar at www.sedar.com for further information on no representation or warranty is made as to their accuracy and/orthe mineral resource estimates of the Companys projects, which reliability. This presentation does not constitute an offer to sell orare subject to the qualifications and notes set forth therein, as a solicitation to buy any of the securities in the United States. Thewell as for additional information relating to the Company more securities have not been and will not be registered under thegenerally. Mineral resources which are not mineral reserves, do United States Securities Act of 1933, as amended (“the U.S.not have demonstrated economic viability. Inferred mineral Securities Act”) or any state securities law and may not be offeredresources have insufficient confidence to allow the meaningful or sold in the United States or to U.S. Persons unless registeredapplication of technical and economic parameters or to enable an under the U.S. Securities Act and applicable state securities lawsevaluation of economic viability suitable for public disclosure. or an exemption from such registration is available.Neither the Company nor readers can assume that all or any part Paul Gribble of Wardrop Tetra Tech UK an independent engineer,of an inferred mineral resource will be upgraded to indicated or is the qualified person responsible for the technical information inmeasured mineral resource. Most projects at the inferred mineral this presentation relating to the Sangdong Project. Under NI43-resource stage do not ever achieve successful commercial 101 Andrew Fowler of AMC Consultants Australia an independentproduction. Each stage of a project is contingent on the positive engineer is the qualified person under NI43-101 is the qualifiedresults of the previous stage and that there is a significant risk person responsible for the technical information in thisthat the results may not support or justify moving to the next presentation relating to the Muguk Gold Project.stage. Statements in this presentation other than purely historical
  4. 4. Experience – Right Commodity• Tungsten mostly used for inserts to machine and cut steel as it is very hard and high temperature resistant. 60% of tungsten is used in these applications• New innovative uses are emerging for medical, solar, radiation barrier and nuclear to name a few• 80% of tungsten supplied by China• No economic replacement• China has declared tungsten strategic metal• Average grade of tungsten at mines in China is falling• China is reducing exports quotas by 15% per year, and applying an export tax
  5. 5. Knowledge – Location Korea• Safe and decease free mining destination• Fiscal advantage - no royalties and low rate of tax• Supportive government, permits issued• Developed OECD country, low cost debt• Low risk country Moody AA3• Stable country• Advanced in country infrastructure• Embraces foreign companies and investment
  6. 6. Trust - Right Asset• 40 years of production history• 13.3 years of reserve at 1.2 Mt/a• Grade 0.43% WO3 @ cut off 0.34%WO3• Feasibility TetraTech Wardrop UK • NPV US$535 million • IRR 65.5% • Initial capital US$151 million • Break even APT price US$175/mtu • EBIT US$175 million
  7. 7. Success - Investment• Tungsten – compelling fundamentals• Woulfe – experienced team• South Korea – stable, low risk country• Cost advantage – low cost country with low taxes• Strategic partner – IMC (Berkshire Hathaway company) is investing US$70M with 90% offtake on a take-or-pay basis• Financing – Shinhan Bank completing DD on US$150M facility• Asset – Sangdong is a long life project in low cost quartile• Early production – commissioning in late 2013
  8. 8. Progress – Achievements to Date
  9. 9. Progress – The Next 12 Months
  10. 10. Woulfe MiningTSX – V : WOFOTCQX : WFEMFFrankfurt: OZ4For more information visit:www.woulfemining.com

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