Water licenses for operation of Hemerdon

Wolf Minerals receives key environmental permits for Hemerdon Tungsten project

Water licenses for operation of Hemerdon mine granted

Specialty metal exploration and development company Wolf Minerals Limited (ASX: WLF) (AIM: WLFE) ("Wolf" or the "Company") is pleased to announce that it has been granted seven water permits for the operation of the Hemerdon tungsten and tin mine in the south west of England from the Environment Agency ("EA").

The water licenses cover the entire operation of the Hemerdon mine, including the abstract of the required volume of water for the processing plant and the discharge of water from pit dewatering activities, and represent a key set of environmental approvals for the project.

Devon County Council updated the existing planning permission to develop the Hemerdon mine in January 2011. Subsequent to this and as a requirement prior to operating the mine, Wolf was required to seek additional permits from the EA prior to the commencement of operations. These included water licenses and a waste dump license that satisfies the EU Mine Waste Directive.

Wolf applied for seven water licenses to be issued by the EA. The process of evaluating these permits included a statutory public consultation period and input from key stake holders such as Natural England and the Wildlife Trust.

The Company is pleased to advise that the EA has issued the following seven water licenses relating to abstraction, discharge and impoundment of water on the Hemerdon site;

·; EPR/QP3420XX Southern Smallhanger Pond discharge.

·; SW/047/0002/001 Tory Pond Abstraction

·; SW/047/0002/003 Tory Pond Impoundment

·; SW/047/0002/006 Smallhanger North Storage Pond Abstraction

·; SW/047/0002/007 Smallhanger South Storage Pond Abstraction

·; SW/047/0002/004 Tory Brook Abstraction (at Loughter Mill Weir)

·; SW/047/0002/005 Tory Brook Impoundment (Loughter Mill Weir)

Commenting on the water license approvals Wolf Managing Director Humphrey Hale said:

"The granting of these permits represent key environmental approvals in the development timeline for the project and demonstrate the continued progress being achieved on site and the advanced stage that the Hemerdon Project has reached."

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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.