Hemerdon Project Link Road Completed

31 July 2012

Wolf Minerals Limited

("Wolf" or the "Company")(ASX: WLF AIM: WLFE)

Wolf Minerals completes construction of Hemerdon Project Link Road

Specialty metal exploration and development company Wolf Minerals Limited (ASX: WLF) (AIM: WLFE) ("Wolf" or the "Company")is pleased to announce that the construction of the Hemerdon Project Link Road has been completed and that the road has been officially opened.

The Link Road is a 600 metre long public access road, which has been constructed as part of Wolf's planning permission for the development of the Hemerdon tungsten and tin project.

The Link Road is designed to remove a long-term constriction in the local traffic network. It is also intended that the road will benefit other local extractive operations and create a long term piece of infrastructure to support safe and efficient transportation in the local area.

Construction of the Link Road began in January this year and formally marked the commencement of construction at the Hemerdon project. It is the first major infrastructure work completed in the development path to bring the Hemerdon project into production.

The road was officially opened on Friday, 27 July, by Councillor John Hart, Leader of Devon County Council, Wolf Managing Director Humphrey Hale, MP for Devon South West Gary Streeter and representatives from the communities of Plymouth and the South Hams as well as Sparkwell and Lee Moor parishes. The road will be fully open to traffic in approximately one week.

The Link Road was constructed by Bardon Contracting, an Aggregate Industries UK Ltd. business. The road will now be adopted by Devon highways.

Commenting on the completion of the Link Road, Wolf Managing Director Humphrey Hale said:

"We are very pleased to see the completion of the Link Road as the first major piece of infrastructure required for the Hemerdon project. It is another step forward in our ambition to develop a world class and sustainable mining project at Hemerdon which will deliver quality jobs and significant economic benefit to the local area, and be a major global source of tungsten."

Please click on the following link to see Wolf Mineral's Managing Director Humphrey Hale and Councillor John Hart, Leader of Devon County Council, at the official opening of the Hemerdon Link Road.

http://www.rns-pdf.londonstockexchange.com/rns/8638I_-2012-7-30.pdf 

Wolf released a positive Definitive Feasibility Study (DFS) for the Hemerdon project in May 2011, and is committed to developing the project into a major, long term tungsten and tin mining operation.  Hemerdon is recognised by the British Geological Survey as the fourth largest tungsten resource in the world.

The Company is currently continuing with pre-production activities at the project and is working to finalisethe funding package required to bring Hemerdon into production.

Wolf signed a non-binding Heads of Terms offtake agreement for the project's tungsten production in April 2012 with Wolfram Bergbau und Hutten AG, Austria (WBH) and Global Tungsten & Powders Corp, Pennsylvania, USA (GTP), which also includes a £20 million loan facility. As announced of 5 March 2012 Wolf also has credit approval for £55 million in senior debt funding for the project.

ENDS

Humphrey Hale

Managing Director

About Wolf Minerals

Wolf Mineral is an ASX listed and AIM listed specialty minerals company focused on developing the world class Hemerdon Tungsten and Tin Project, in Devon, in the south-west of the UK. The Hemerdon project is 100% owned by Wolf and is one of the largest undeveloped tungsten and tin resources in the western world. It is ranked as the fourth largest tungsten deposit in the world in terms of contained tungsten metal, by The British Geological Survey. The Company aims to develop the project into a large scale, open pit mining operation, which will position it as a world class tungsten and tin producer. Wolf released a positive Definitive Feasibility Study for the Hemerdon project in May 2011, and it has updated planning permission for mining until 2021.

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