Woulfe Mining Corp WFEMF

Class Action based upon misrepresentation

[laurant]

On 4-19.....PLEASED WITH THE COMPANY'S PROGRESS TO DATE?

013-04-19 19:20 ET - News Release

Mr. Hubert Marleau reports

WOULFE MINING APPOINTS NEW PRESIDENT FOR ITS SOUTH KOREA SUBSIDIARY

Woulfe Mining Corp. has appointed Sang Bum Lee as president of the company's wholly owned South Korean subsidiary, Sangdong Mining Corp.

Mr. Lee has over 30 years of experience in the non-ferrous metals (zinc, lead and precious metals) industry gained in Korea, Australia, Europe and the United States in various technical roles that include project engineering, construction project management, and business and technology improvements, as well as general management.

Since completion of his bachelor of engineering (major: metallurgical engineering) at the Korea University in South Korea, Mr. Lee has enjoyed a successful career spanning 30 years with Korea Zinc Co. Ltd., a South Korean company which supplies approximately 10 per cent of the world's demand of zinc metal products and also one of the largest non-ferrous metals producer in the world. Mr. Lee held various positions ranging from process engineering, plant construction, production management and commercial management to, most recently, managing director and chief executive officer of Sun Metals Corp. Pty. Ltd., a wholly owned Australian subsidiary of Korea Zinc.

Commenting on Mr. Lee's appointment, Hubert Marleau, interim president and chief executive officer of Woulfe Mining, stated: "Mr. Lee has significant relevant experience in the resources industry and has a set of skills that will be highly complementary to the requirements of the Sangdong project. The fact that he is a South Korean national and speaks and writes both Korean and English fluently is an added bonus. The directors of Woulfe Mining Corp. believe that he will have an immediate positive impact at the Sangdong project."

Mr. Marleau went on to state: "Mr. Lee's appointment represents the first of many updates that our stakeholders can expect over the next few months. I have recently returned from a lengthy orientation visit to South Korea and have a succinct understanding of where the company is at, and I am please with the company's progress to date."

[StockExpertPro]

I strongly agree with you. I think Woulfe Mining management is misleading the shareholders. Check this part out from the recent news release. In addition, the Company continues negotiations with various parties to provide a short-term financing solution to meet its obligations and to provide funds to advance the Company's flagship Sangdong Tungsten Project, although there

[StockExpertPro]

Quote:"When is WOF Board of Directors going to stop playing games with shareholders?"Well, considering the fact that they are currently the laughing-stock of the junior mining sector. Common sense would tell you they would stop playing games immediately and get down to business. I think it is odd how they appointed Ned Goodman to the Board of Directors. Then begin releasing these pitiful

[StockExpertPro]

Quote:"When is WOF Board of Directors going to stop playing games with shareholders?"Well, considering the fact that they are currently the laughing-stock of the junior mining sector. Common sense would tell you they would stop playing games immediately and get down to business. I think it is odd how they appointed Ned Goodman to the Board of Directors. Then begin releasing these pitiful

[StockExpertPro]

Maybe you should read this information I found. I found a good example for you to compare Woulfe Mining. The Debentures, Warrants and any Shares and Warrant Shares will be subject to a hold period expiring four months and one day from the date the Units were issued. Dundee Corporation, who beneficially owns approximately 18% of the outstanding common shares of the Company, purchased 8,800,000

[StockExpertPro]

I think the former Woulfe Mining investor relations Nick Smith knows exactly what he is talking about. He has been around long enough to see how these dilution schemes work. It makes sense for Dundee Corporation and Ned Goodman to drive down the Woulfe Mining stock price then try and issue around 150,000,000 million shares of new common stock and warrants. Diluting all of the long term