ISS Recommends in Favour of the Proposed Plan of Arrangement between Woulfe and Almonty

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 6, 2015) - Woulfe Mining Corp. (CSE:WOF)(FRANKFURT:OZ4)

Woulfe Mining Corp. ("Woulfe" or "the Company") is pleased to announce that Institutional Shareholder Services Inc. ("ISS"), a leading proxy advisory firm, has published a report recommending that their subscribers vote "FOR" the resolution approving the proposed plan of arrangement between Woulfe and Almonty Industries Inc. (TSXV: AII) ("Almonty") announced on July 7, 2015 whereby Almonty will acquire all of the issued and outstanding common shares in the capital of Woulfe not already owned by Almonty or its affiliates (the "Arrangement").

Mr. Brian Howlett, Chairman of the Special Committee, commented: "We are very pleased to have received a positive recommendation in favour of the Arrangement from a leading independent proxy advisory such as ISS. The Arrangement is a unique opportunity for Woulfe to join with Almonty to become the leading tungsten producer in the world outside of China. The current Woulfe shareholders will own over 40% of the combined entity and at the same time reduces the financing risk for the development of the Sangdong mine."

Shareholders are urged to vote FOR the Arrangement prior to the proxy cut-off at 10:00 a.m. (Vancouver time) on August 19, 2015.

If you have any questions or need assistance in voting your form of proxy or voting instruction form, please contact Kingsdale Shareholder Services at 1-877-659-1822 (toll-free in North America) or 416-867-2272 (collect calls accepted) outside North America or by email at [e-mail].

About Woulfe Mining Corp.

Woulfe Mining Corp., through its wholly-owned subsidiary Sangdong Mining Corporation, is dedicated to developing the Sangdong tungsten-molybdenum mine which was historically one of the largest tungsten mines in the world and one of the few long life, high-grade tungsten deposits located outside of China. Woulfe Mining Corp. is listed on the Canadian Stock Exchange. Further information about Woulfe's activities may be found at www.woulfemining.com and under Woulfe's profile at www.sedar.com.

About Almonty Industries Inc.

The principal business of Toronto, Canada-based Almonty Industries Inc. is the mining, processing and shipping of tungsten concentrate from its Los Santos Mine in western Spain and its Wolfram Camp Mine in north Queensland, Australia. The Los Santos Mine was acquired by Almonty in September 2011 and is located approximately 50 kilometres from Salamanca in western Spain and produces tungsten concentrate. The Wolfram Camp Mine was acquired by Almonty in September 2014 and is located approximately 130 km west of Cairns in northern Queensland, Australia and produces tungsten and molybdenum concentrate. Almonty also has an option to acquire a 100% ownership interest in the Valtreixal tin-tungsten project in north western Spain. Further information about Almonty's activities may be found at www.almonty.com and under Almonty's profile at www.sedar.com.