Wolf Minerals Regulatory News (WLFE)

15 December 2011

Wolf Minerals Limited

Wolf Minerals to build early infrastructure

Wolf Minerals Limited ("Wolf") (ASX: WLF) (AIM: WLFE), the specialty mineral exploration and development company, is pleased to announce that, following receipt of all relevant planning permissions for the link road it has selected Bardon Contracting ("Bardon"), an Aggregate Industries UK Ltd. business, to build the 600 metre link road between Lee Moor Road and West Park Hill in Plympton. This is an important milestone for the Company as Wolf will be in a position to break ground on the Hemerdon project in the new year.

As specified in the conditions of the main mine permit, Bardon will construct a section of public road to remove a long term constriction in the transport network, prior to developing the mine. It is intended that the new road will benefit other local extractive operations and create a long term piece of infrastructure to support safe and efficient transportation in the local area.

Bardon was selected following a competitive tender process and have already completed work on the detailed design of the two bridges required. Work is expected to start on site in January 2012 and completion of the link road is scheduled for June 2012.

Bardon Contracting are part of the Holcim Group and are a one of the UK's largest road building contractors. On completion the road will be adopted by Devon Highways.

Wolf is focused on developing the Hemerdon project into a large scale, long life, open pit mining operation.

Wolf is continuing with other pre-production activities and is finalising discussions with senior debt providers and offtake providers as part of the project finance plan.

Wolf's Managing Director, Humphrey Hale, commented; "With all the development permissions granted we have selected a highly skilled contractor to begin the first part of the construction schedule for the Hemerdon tungsten and tin mine."

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