Wolf Minerals Awards Assay Laboratory Contract

22 December 2014

Wolf Minerals Limited

Wolf Minerals Awards Assay Laboratory Contract

SGS to Provide Independent Assaying Services to Hemerdon Tungsten-Tin Project

Specialty metals development company, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) ("Wolf" or "the Company") is pleased to announce that it has finalised and awarded the assay laboratory contract for its Drakelands open pit mine ("Drakelands") currently being constructed at the Company's world class Hemerdon tungsten and tin project ("the Project") in Devon, in southwest England to SGS.

Under the terms of the contract SGS will provide all of the necessary assay laboratory services at the Drakelands mine for a five year period. Services will include the assay of grade control samples, process plant samples and final product samples. As an independent and internationally recognised provider of assaying services, SGS will provide verification and certification of the products being sent to customers.

The assaying costs are in line with the estimates contained in the Definitive Feasibility Study ("DFS").

SGS is the world's leading inspection, verification, testing and certification company and is recognised as the global benchmark for quality and integrity. SGS has more than 80,000 employees operating in more than 1,650 offices and laboratories around the world.

Commenting on the assay laboratory contract, Wolf Managing Director, Russell Clark, said:

"We are very pleased to be partnering with SGS at Drakelands. Our custom built laboratory, operated by their very experienced team, will provide efficient and accurate assaying at the site, with 13 jobs created as a result. As we continue to build the mine and processing plant at Drakelands, it's very pleasing to be able to lock in this contract at rates similar to those used in the DFS, which will contribute to Wolf being a low cost producer of tungsten."

ENDS

For further details, please contact:

Promotion and Marketing

The Company's web site has time lapse photography showing both the processing plant site and mine site which can be seen at:

http://www.wolfminerals.com.au/hemerdon-tungsten-and-tin-project/live-stream