Issue of Equity and Change of Directors' Interests

11 May 2016

Wolf Minerals Limited

 ("Wolf" or the "Company")

Issue of Equity and Change of Directors' Interests

Wolf Minerals Limited announces that on 10 May 2016, a total of 251,649 fully paid ordinary shares of no par value ("the Shares") were issued to certain directors in lieu of part fees for the quarter ended 31 March 2016 under the Company's Directors' Share Plan ("the Plan") as approved by shareholders on 21 November 2014 and 16 November 2015. Under the Plan, non-executive Directors receive a portion of their fees in shares, allowing the Company to preserve its cash reserves.

The new shares were issued at a price of 9 pence per Share.

35,950 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 251,649 Shares to be admitted to AIM and on the Australian Securities Exchange ("ASX") ("Admission"). Admission to trading on AIM is expected to become effective on 16 May 2016. The Shares will rank pari passu with the Company's existing Shares.

Following Admission, the number of ordinary shares in issue and admitted to trading on AIM and the ASX will be 984,078,694.

ENDS

Wolf Minerals Limited

Russell Clark +61 8 6364 3776

Numis Securities

John Prior/James Black/Paul Gillam +44(0)20 7260 1000

Newgate

Adam Lloyd / Ed Treadwell / Helena Bogle +44 (0) 20 7653 9850

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.