Exercise of Options

4 September 2012

Wolf Minerals Limited

Exercise of Options

Wolf Minerals Limited (the 'Company'), the specialty mineral exploration and development company, today announces it has applied for 3,242 depository interests representing fully paid ordinary shares (the 'Shares') to be admitted to trading on the AIM market of the London Stock Exchange ('AIM') ('Admission').

The Shares are being issued pursuant to an exercise of options which are admitted to trading on the ASX. Admission is expected to become effective on 10 September 2012. The Shares will rank pari passu with the Company's existing Shares.

Following admission of the Shares, the number of Ordinary Shares in issue and admitted to trading on AIM and the ASX will be 106,558,191 and the number of options admitted to trading on the ASX will be 20,778,756.

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