Board Changes

7 January 2014

Wolf Minerals

Board Changes

Specialty metals exploration and development company, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) (Wolf, the Company) is pleased to announce the appointment of Mr Nicholas Royston Clarke (61) as an independent Non-executive Director of the Company.

Mr Clarke's appointment is effective from today and he replaces Jim Williams, who is stepping down from the Board to pursue other interests in his retirement.

Mr Clarke is a highly experienced and successful resource sector executive with more than 40 years experience in senior corporate and technical positions and is based in the United Kingdom.

He has prior experience in the construction of major mining projects, having been involved with the construction of the US$200 million Voskhod Chrome Mine and the US$40 million Kounrad Copper Plant, both in Kazakhstan. He has also been involved in a number of equity raisings for AIM and TSX listed companies.

He is a graduate of Camborne School of Mines and a Chartered Engineer, and is currently CEO of AIM-listed Central Asia Metals plc (AIM: CAML), a copper producing company with assets in Kazakhstan and Mongolia, and a market capitalisation of around US$200 million.

His achievements in this role were acknowledged when he won the CEO of The Year Award at the recent Mining Journal Outstanding Achievement Awards 2013, in London.

Mr Clarke was previously Managing Director of AIM-listed Oriel Resources plc, from 2004-2008, prior to its US$1.5 billion acquisition by Russian company OAO Mechel, and was President and CEO of Lero Gold Corporation (TSX: LER) from 2006-2008.

He also established international mineral consultancy Wardell Armstrong International Ltd, and was Managing Director from 1992-2004. In this role he managed numerous multidisciplinary mining projects in Russia and Africa.

Mr Clarke has also been a Non-executive Director of a number of AIM and TSX listed resource companies, including; Afcan Mining Corp. (TSX: AFK), Caledon Resources plc (AIM: CDN, ASX: CCD), Obtala Resources plc (AIM: OBT), and Sunkar Resources plc (AIM: SKR).

He is currently a non-executive director of TSX listed Columbus Copper Corp (TSX: CCU).

Mr Clarke is a Member of the Institution of Materials Minerals & Mining, MIMMM. He is also a Trustee of the Camborne School of Mines Trust, and serves on the Management Committee of the Camborne School of Mines Association.

Wolf Minerals would like to thank Jim Williams for his considerable input into the Company's successful development since joining the board in February 2009, and wish him well in his future endeavours.

Wolf's Chairman, John Hopkins, said: "I am delighted that Wolf Minerals has been able to attract another high calibre Board member to join the Company. Nick Clarke is a vastly experienced and successful resources industry professional, and his background and expertise will be invaluable to the Company as we embark on the construction phase at the world class Hemerdon tungsten and tin project, in Devon in the south west of the UK."

Save as set out below there is no further information required to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM Rules:

For further details, please contact: