VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 14, 2013) - Woulfe Mining Corp. ("Woulfe" or the "Company") (TSX VENTURE:WOF)(OTCQX:WFEMF)(FRANKFURT:OZ4) is pleased to announce that it has been named one of the 2013 TSX Venture 50 companies, an annual ranking of strong performers listed on the TSX Venture Exchange.
The 2013 TSX Venture 50 is a yearly ranking comprised of the top 10 ten companies listed on the TSX Venture Exchange, in each of five major industry sectors including Clean Technology, Mining, Oil & Gas, Diversified Industries, and Technology & Life Sciences. The companies were ranked based on the following criteria - with equal weighting assigned to each: market capitalization growth, share price appreciation, trading volume and analyst coverage.
The TSX Venture 50 is intended to raise awareness of quality companies listed on the TSX Venture Exchange both to the market and to financial community and investors. The division of the top 50 companies in industry sectors shows the diversity of the companies listed on the TSX Venture Exchange and recognizes the company growth in their own industry sector.
The complete list of the 50 best venture companies is published on the TSX Venture Exchange website at www.tmx.com.
Brian Wesson, President & CEO of Woulfe, commented, "It is an honour for Woulfe to be included in the top 50 companies on the TSX Venture Exchange and testimony to the efforts of our staff and support of our investors in the redevelopment of the Sangdong tungsten/ molybdenum project in South Korea."
On Behalf of the Board of Directors of Woulfe Mining Corp.
Brian Wesson (FAusIMM), President, CEO and Director
About Woulfe Mining Corp. "Unearthing Global Assets"
Woulfe Mining Corp. is focused on 'Unearthing Global Assets' through the recognition and development of undervalued natural resource projects. Woulfe differentiates itself by boasting significant technical expertise in the design, development and operation of mining projects.
Our flag ship project is the Sangdong tungsten mine in South Korea, historically the world's largest tungsten mine for over 40 years. Sangdong is expected to return to production by Q4 of 2013. Woulfe has entered into strategic agreements with International Metalworking Companies B.V. ('IMC'), part of the Berkshire Hathaway group of companies. This partnership brings strategic advantage given Woulfe's mining and processing technical abilities and IMC's downstream manufacturing skills, high level of innovation and quality of products sold into the global tungsten market. Woulfe Mining Corp. is a Canadian TSX-V listed company. Further information can be found on Woulfe's website www.woulfemining.com.
Forward-looking statements and forward-looking information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. We have made certain assumptions about the forward-looking statements and information and even though our management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statement or information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include, among others, the following: commodity price volatility; discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries; mining operational and development risk; litigation risks; regulatory restrictions, including environmental regulatory restrictions and liability; failure to complete the strategic arrangement described in this release, including because of the failure to satisfy the conditions to closing of the transaction, risks of sovereign investment; currency fluctuations; speculative nature of mineral exploration; global economic climate; dilution; share price volatility; competition; loss of key employees; additional funding requirements.
There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein. Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change and you are referred to the full discussion of the Company's business contained in the Company's reports filed with the appropriate regulatory authorities.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.