Woulfe Mining Corp WFEMF

RE:MD&A and Financials

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The Company has entered into an arrangement with IMC which, if completed, would provide a substantial portion of the required funding for the Company’s Sangdong project. Although the Company completed debt financings and an equity offering during fiscal 2014, the Company expects to require additional funding during fiscal 2015 to support its planned exploration and corporate activities and to pay its obligations as they come due. However, during December, 2014, the Company negotiated an extension of the maturity date of the IMC loan to the earlier of (i) the closing of the IMC transaction and (ii) September 15, 2015. In addition, subsequent to December 31, 2014, the Company negotiated the extension of the maturity date of its $350,000 convertible loan from January 22, 2015 to July 22, 2015. These conditions cast significant doubt on the Company’s ability to continue as a going concern