Wolf Minerals Limited : Appointment of Non-Executive Director

ASX ANNOUNCEMENT

7 January 2014

Wolf Minerals appoints Nick Clarke as Non-executive Director

Specialty metals exploration and development company, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) (Wolf, the Company) is pleased to announce the appointment of Mr Nick Clarke as an independent Non-executive Director of the Company.
Mr Clarke's appointment is effective from today, and he replaces Jim Williams, who is stepping down from the Board to pursue other interests in his retirement.
Mr Clarke is a highly experienced and successful resource sector executive with more than 40 years experience in senior corporate and technical positions and is based in London, UK.
He has prior experience in the construction of major mining projects, having been involved with the construction of the US$200 million Voskhod Chrome Mine and the US$40 million Kounrad Copper Plant, both in Kazakhstan. He has also been involved in a number of equity raisings for AIM and TSX listed companies.
He is a graduate of Camborne School of Mines and a Chartered Engineer, and is currently CEO of AIM-listed Central Asia Metals Plc (AIM: CAML), a copper producing company with assets in Kazakhstan and Mongolia, and a market capitalisation of around US$130 million.
His achievements in this role were acknowledged when he won the CEO of The Year Award at the recent Mining Journal Outstanding Achievement Awards 2013, in London.
Mr Clarke was previously Managing Director of AIM-listed Oriel Resources Plc, from 2004-2008, prior to its US$1.5 billion acquisition by Russian company OAO Mechel, and was President and CEO of Lero Gold Corporation (TSX: LER) from
2006-2008.
He also established international mineral consultancy Wardell
Armstrong International Ltd, and was Managing Director from
1992-2004. In this role he managed numerous multidisciplinary mining projects in Russia and Africa.

Wolf Minerals Limited ASX: WLF AIM: WLFE

Capital Structure

198.0M ordinary shares

8.0M unlisted options

Mkt Cap @ 38c: ~A$75.2M Mkt Cap @ 19.5p: ~£38.6M

Board of Directors

John Hopkins

Non-Executive Chairman

Russell Clark

Managing Director

Nick Clarke

Non-Executive Director

Don Newport

Non-Executive Director

Chris Corbett

Non-Executive Director

Michael Wolley

Non-Executive Director

Ronnie Beevor

Non-Executive Director

Richard Lucas

Company Secretary

Contact:

www.wolfminerals.com.au

Russell Clark Managing Director Wolf Minerals Ltd.

22 Railway Road

Subiaco WA 6008

Ph: [phone]

E: [e-mail]

James Moses

Media & Investor Relations

Ph: [phone]

E: [e-mail]

Graham Herring

Threadneedle Communications

Ph: [phone]

E:[e-mail]

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Mr Clarke has also been a Non-executive Director of a number of AIM and TSX listed resource companies, including; Afcan Mining Corp. (TSX: AFK), Caledon Resources plc (AIM: CDN, ASX: CCD), Obtala Resources plc (AIM: OBT), Empire Mining Corp. (TSX: EMP) and Sunkar Resources plc (AIM: SKR).
He is currently a non-executive director of TSX listed Columbus Copper Corp (TSX: CCU).
Mr Clarke is a Member of the Institution of Materials Minerals & Mining, MIMMM. He is also a Trustee of the Camborne School of Mines Trust, and serves on the Management Committee of the Camborne School of Mines Association.
Wolf Minerals would like to thank Jim Williams for his considerable input into the Company's successful development since joining the board in February 2009, and wish him well in his future endeavours.
Wolf's Chairman, John Hopkins, said:

"I am delighted that Wolf Minerals has been able to attract another high calibre Board member to join the Company. Nick Clarke is a vastly experienced and successful resources industry professional, and his background and expertise will be invaluable to the Company as we embark on the construction phase at the world class Hemerdon tungsten and tin project, in Devon in the south west of the UK."

ENDS

For further information please contact:

Russell Clark Managing Director Wolf Minerals
Email: [e-mail]

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 is developing the third largest global tungsten resource at its Hemerdon project, located in the South West of England (see Project location map). The Company has strong cornerstone investors, project finance and offtakers in place, and major permitting recently finalised. Wolf has also secured all major contracts for the project, with GR Engineering appointed the EPC contractor and CA Blackwell being awarded the Mining contract. Production is expected to commence in mid-2015, and the project will produce approximately 3,500 tonnes of tungsten in concentrate and 450 tonnes of tin in concentrate per annum.

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Hemerdon project location map

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