Director/PDMR Shareholding

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated Reason for the notification

a)

Name

Richard Lucas

2

Reason for the notification

a)

Position/status

Interim Managing Director

b)

Initial notification

/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Wolf Minerals Limited

b)

LEI

213800F9EQEDKGDKZM06

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of  the financial instrument, type of instrument

Identification code

Performance rights which convert to Wolf Minerals Limited Ordinary Shares on a one for one basis if vesting conditions are met.

ISIN Code of Wolf Minerals Limited Ordinary Shares: AU000000WLF3

b)

Nature of the transaction

Issue of Performance Rights under the Company's long term incentive plan known as the Performance Rights Plan ("PRP") in accordance with the interim Managing Director's, Mr Richard Lucas, contract of employment and the subsequent issue of Performance Rights by the Company to Mr Lucas, on 12 December 2017 following approval by shareholders at the Company's Annual General Meeting on 28 November 2017.

c)

Price(s) and volume(s)

d)

Aggregated information

- Aggregated volume

- Price

3,104,637 performance rights

AUD  $268,500

e)

Date of the transaction

12 December 2017

f)

Place of the transaction

Outside a trading venue