Directorate Change

11 June 2013

Wolf Minerals

Board Changes

Specialty metal exploration and development company Wolf Minerals Limited (ASX: WLF) (AIM: WLFE) ("Wolf" or the "Company") is pleased to announce the appointment of Mr Michael Wolley as a director of Wolf Minerals Limited.

As part of a placement announced on 21 December 2012 the Company introduced a new strategic investor, TTI (NZ) Limited ("TTI") to assist in the development of the Hemerdon project. TTI subscribed for 39,410,000 shares for a 19.9% interest in Wolf. As part of its investment, TTI is entitled to nominate a Director to join the Wolf board. Mr Wolley was nominated to the board by TTI.

TTI is a wholly owned subsidiary of the Todd Corporation Limited, a private New Zealand-based company with a diversified portfolio of business interests.

Michael holds a first class honours degree in Chemical and Materials Engineering (University of Auckland) and a Masters of Management (Macquarie Graduate School of Management). Michael had a 15 year career with Mobil Oil Australia in a range of roles including engineering, operations, strategic planning and business development in Australia and New Zealand. In 1995 he left Mobil to pursue opportunities in Asia Pacific and worked in a number of senior executive roles in the manufacturing and industrial sectors including a period as President BlueScope Steel China.

In 2007 Michael returned to the resources sector as Chief Operating Officer for Lynas Corporation, and subsequently into the gold sector where he is a Director of Red Mountain Mining Limited, an ASX listed gold development business.

Michael currently holds the position of Vice President Minerals for the Todd Corporation. He is a Director of Montero Mining Limited, a TSX listed resources business, Forge Resources Limited, an ASX listed resources business and also sits on the Board of Strattera Inc., the New Zealand minerals industry body, and is a member of the AICD and the NZICD.

Jonathan Downes, a founder member of the Company, has resigned from the Board today to concentrate on other commitments. The Board would like to extend its sincere gratitude for the guidance provided over the past 6 years.

Save as disclosed below, there is nothing further to disclose pursuant to Paragraph g of Schedule 2 to the AIM Rules.

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