Issue of Equity and Change of Directors' Interests

30 December 2016

Wolf Minerals Limited

 ("Wolf" or the "Company")

Issue of Equity and Change of Directors' Interests

Issue of Shares

Wolf Minerals Limited announces that on 30 December 2016 a total of 506,638 fully paid ordinary shares of no par value ("the Shares") were issued.

A total of 361,884 Shares were issued to certain directors (or persons closely associated with them) in lieu of part fees for the quarter ended 31 December 2016 under the Company's Directors' Share Plan ("the Plan") as approved by shareholders on 21 November 2014, 16 November 2015 and 29 November 2016. Under the Plan, non-executive directors receive a portion of their fees in shares, allowing the Company to preserve its cash reserves. These new shares were issued at a price of AUD $0.829 (equivalent to approximately 5 pence) per Share.

144,754 Shares have been issued to each of Resource Capital Funds Management Pty Ltd and TTI (NZ) Limited under the Plan in respect of part director fees due to their respective Board representatives, Mr Chris Corbett and Mr Michael Wolley.

Application has been made for the 506,638 Shares to be admitted to AIM and on the Australian Securities Exchange ("ASX") ("Admission"). Admission to trading on AIM of these Shares is expected to become effective on 6 January 2017. The Shares will rank pari passu with the Company's existing Shares.

Following Admission, the number of ordinary shares on issue and admitted to trading on AIM and the ASX will be 1,085,122,675.

 ENDS

About Wolf Minerals

Wolf Minerals is a dual listed ("ASX: WLF", "AIM: WLFE") specialty metals company. With global demand for tungsten rising and future global production expected to be constrained, Wolf Minerals has recently completed the development of a large tungsten resource at its Drakelands Mine, located at Hemerdon, in southwest England.