SYDNEY, NSW, Australia, Jan. 23, 2013 /CNW/ – This press release is
being disseminated as required by National Instrument 62-103 The Early Warning System and Related Take Over Bids and Insider
Reporting Issues in connection with the filing of historical early warning reports (the
“Early Warning Reports”) regarding the ordinary shares (the “Shares”)
and Share purchase warrants (the “Warrants”) of Woulfe Mining Corp.
(“Woulfe”) that were beneficially owned by CFS Wholesale Global
Resources Fund (the “Fund”), an Australian registered fund, during the
period that began on December 19, 2009 and ended on December 31, 2012
(the “Reporting Period”). As at January 21, 2013, the Fund
beneficially owned 17,970,581 Shares and 1,475,903 Warrants of Woulfe
representing approximately 5.77% of the issued and outstanding Shares
of Woulfe on a partially diluted basis, assuming exercise of the
Warrants by, or on behalf of, the Fund. Each of the Early Warning
Reports that have been filed in connection with the transactions in the
Shares and Warrants that were conducted on behalf of the Fund during
the Reporting Period are attached as Schedule A.

The Shares and Warrants of Woulfe were acquired by the Fund in the
ordinary course of its business as an investment fund. The Shares and
Warrants were not acquired for the purpose of acquiring, changing or
influencing the control of Woulfe. The Fund may acquire or dispose of
additional Shares or Warrants from time to time.

A copy of each of the Early Warning Reports attached as Schedule A may
also be found on Woulfe’s continuous disclosure record at www.SEDAR.com.

ENDS

Note to editors: About Colonial First State

Colonial First State and Colonial First State Global Asset Management
comprise the main funds management entities forming part of the
Commonwealth Bank Group of companies. Colonial First State is one of
Australia’s largest fund managers, with A$149 billion in funds under
administration as at 31 August 2012. Colonial First State provides
investment, superannuation and retirement products to individuals as
well as to corporate and superannuation fund investors. Colonial First
State is a leader in providing value for money, and have investment
management expertise spanning Australian and global shares, property
securities, direct property, infrastructure, cash, fixed interest and
credit.

Schedule A

Early Warning Reports

EARLY WARNING REPORT
FILED PURSUANT TO NATIONAL INSTRUMENT 62-103 *

(1) Name and address of the offeror:

CFS Wholesale Global Resources Fund (the “Fund”)
Ground Floor Tower 1, 201 Sussex Street
Sydney, NSW, 2000, Australia
Attention: Matthew Doyle, Group Substantial Shareholding Team

(2) Designation and number or principal amount of securities and the
offeror’s securityholding percentage in the class of securities of
which the offeror acquired ownership or control in the transaction or
occurrence giving rise to the obligation to file the news release and
whether it was ownership or control that was acquired in those
circumstances:

On 19 December 2009, the Fund acquired 17,641,243 ordinary shares (the
“Shares”) and 8,820,621 Share purchase warrants (the “Warrants”) of
Woulfe Mining Corp. (“Woulfe Mining”) representing approximately 13.73%
of the issued and outstanding Shares of Woulfe Mining on a partially
diluted basis, assuming exercise of the Warrants by the Fund, based on
183,908,917 issued and outstanding Shares of Woulfe Mining.

(3) Designation and number or principal amount of securities and the
offeror’s securityholding percentage in the class of securities
immediately after the transaction or occurrence giving rise to
obligation to file the news release:

As of 19 December 2009, the Fund beneficially owned 17,641,243 Shares
and 8,820,621 Warrants of Woulfe Mining representing approximately
13.73% of the issued and outstanding Shares on a partially diluted
basis, assuming exercise of the Warrants by the Fund.

(4) Designation and number or principal amount of securities and the
percentage of outstanding securities of the class of securities
referred to in paragraph (3) over which

(i) the offeror, either alone or together with any joint actors, has
ownership and control:

Not applicable.

(ii) the offeror, either alone or together with any joint actors, has
ownership but control is held by other persons or companies other than
the offeror or any joint actor:

As of 19 December 2009, the Fund beneficially owned 17,641,243 Shares
and 8,820,621 Warrants representing approximately 13.73% of the issued
and outstanding Shares on a partially diluted basis, assuming exercise
of the Warrants by the Fund.

(iii) the offeror, either alone or together with any joint actors, has
exclusive or shared control but does not have ownership:

Not applicable.

(5) Name of the market in which the transaction or occurrence that gave rise
to the news release took place:

The transaction took place by private agreement outside of the
facilities of the TSX-Venture Exchange.

(5.1) The value, in Canadian dollars, of any consideration offered per
security if the offeror acquired ownership of a security in the
transaction or occurrence giving rise to the obligation to file a news
release:

The consideration paid by the Fund was Cdn.$0.08 per Share and Warrant.

(6) Purpose of the offeror and any joint actors in effecting the transaction
or occurrence that gave rise to the news release, including any future
intention to acquire ownership of, or control over, additional
securities of the reporting issuer:

The Shares and Warrants of Woulfe Mining were acquired by the Fund in
the ordinary course of its business as an investment fund. The Shares
and Warrants were not acquired for the purpose of acquiring, changing
or influencing the control of Woulfe Mining. The Fund may acquire or
dispose of additional Shares or Warrants from time to time.

(7) General nature and the material terms of any agreement, other than
lending arrangements, with respect to securities of the reporting
issuer entered into by the offeror, or any joint actor, and the issuer
of the securities or any other entity in connection with the
transaction or occurrence giving rise to the news release, including
agreements with respect to the acquisition, holding, disposition or
voting of any of the securities:

Not applicable.

(8) Names of any joint actors in connection with the disclosure required by
this report:

Not applicable.

(9) In the case of a transaction or occurrence that did not take place on a
stock exchange or other market that represents a published market for
the securities, including an issuance from treasury, the nature and
value of the consideration paid by the offeror:

See item 5.1 above.

(10) If applicable, a description of any change in any material fact set out
in a previous report by the entity under the early warning requirements
or Part 4 of National Instrument 62-103 in respect of the reporting
issuer’s securities:

Not applicable.

(11) If applicable, a description of the exemption from securities
legislation being relied on by the offeror and the facts supporting
that reliance:

Not applicable.

DATED AT Sydney, NSW, Australia this 23rd day of January, 2013.

CFS WHOLESALE GLOBAL RESOURCES FUND by its Investment Manager, Colonial
First State Asset Management (Australia) Limited

By: “John Francis Greenhalgh”
Name: John Francis Greenhalgh
Title: Secretary

* This is a late filing.

EARLY WARNING REPORT
FILED PURSUANT TO NATIONAL INSTRUMENT 62-103 *

(1) Name and address of the offeror:

CFS Wholesale Global Resources Fund (the “Fund”)
Ground Floor Tower 1, 201 Sussex Street
Sydney, NSW, 2000, Australia
Attention: Matthew Doyle, Group Substantial Shareholding Team

(2) Designation and number or principal amount of securities and the
offeror’s securityholding percentage in the class of securities of
which the offeror acquired ownership or control in the transaction or
occurrence giving rise to the obligation to file the news release and
whether it was ownership or control that was acquired in those
circumstances:

On 4 May 2010, the Fund disposed of 13,500,000 ordinary shares (the
“Shares”) of Woulfe Mining Corp. (“Woulfe Mining”) representing
approximately 7.00% of the issued and outstanding Shares of Woulfe
Mining on a partially diluted basis.

(3) Designation and number or principal amount of securities and the
offeror’s securityholding percentage in the class of securities
immediately after the transaction or occurrence giving rise to
obligation to file the news release:

As of 4 May 2010, the Fund beneficially owned 4,141,243 Shares and
8,820,621 Share purchase warrants (the “Warrants”) of Woulfe Mining
representing approximately 6.73% of the issued and outstanding Shares
on a partially diluted basis, assuming exercise of the Warrants by the
Fund.

(4) Designation and number or principal amount of securities and the
percentage of outstanding securities of the class of securities
referred to in paragraph (3) over which

(i) the offeror, either alone or together with any joint actors, has
ownership and control:

Not applicable.

(ii) the offeror, either alone or together with any joint actors, has
ownership but control is held by other persons or companies other than
the offeror or any joint actor:

As of 4 May 2010, the Fund beneficially owned 4,141,243 Shares and
8,820,621 Warrants representing approximately 6.73% of the issued and
outstanding Shares on a partially diluted basis, assuming exercise of
the Warrants by the Fund.

(iii) the offeror, either alone or together with any joint actors, has
exclusive or shared control but does not have ownership:

Not applicable.

(5) Name of the market in which the transaction or occurrence that gave rise
to the news release took place:

The transaction took place in the secondary market through the
facilities of the TSX-Venture Exchange.

(5.1) The value, in Canadian dollars, of any consideration offered per
security if the offeror acquired ownership of a security in the
transaction or occurrence giving rise to the obligation to file a news
release:

Not applicable.

(6) Purpose of the offeror and any joint actors in effecting the transaction
or occurrence that gave rise to the news release, including any future
intention to acquire ownership of, or control over, additional
securities of the reporting issuer:

The Shares of Woulfe Mining were disposed of by the Fund in the ordinary
course of its business as an investment fund. The Shares were not
disposed of for the purpose of acquiring, changing or influencing the
control of Woulfe Mining. The Fund may acquire or dispose of
additional Shares or Warrants from time to time.

(7) General nature and the material terms of any agreement, other than
lending arrangements, with respect to securities of the reporting
issuer entered into by the offeror, or any joint actor, and the issuer
of the securities or any other entity in connection with the
transaction or occurrence giving rise to the news release, including
agreements with respect to the acquisition, holding, disposition or
voting of any of the securities:

Not applicable.

(8) Names of any joint actors in connection with the disclosure required by
this report:

Not applicable.

(9) In the case of a transaction or occurrence that did not take place on a
stock exchange or other market that represents a published market for
the securities, including an issuance from treasury, the nature and
value of the consideration paid by the offeror:

Not applicable.

(10) If applicable, a description of any change in any material fact set out
in a previous report by the entity under the early warning requirements
or Part 4 of National Instrument 62-103 in respect of the reporting
issuer’s securities:

Not applicable.

(11) If applicable, a description of the exemption from securities
legislation being relied on by the offeror and the facts supporting
that reliance:

Not applicable.

DATED AT Sydney, NSW, Australia this day 23^rd of January, 2013.

CFS WHOLESALE GLOBAL RESOURCES FUND by its Investment Manager, Colonial
First State Asset Management (Australia) Limited

By: “John Francis Greenhalgh”
Name: John Francis Greenhalgh
Title: Secretary

* This is a late filing.

EARLY WARNING REPORT
FILED PURSUANT TO NATIONAL INSTRUMENT 62-103 *

(1) Name and address of the offeror:

CFS Wholesale Global Resources Fund (the “Fund”)
Ground Floor Tower 1, 201 Sussex Street
Sydney, NSW, 2000, Australia
Attention: Matthew Doyle, Group Substantial Shareholding Team

(2) Designation and number or principal amount of securities and the
offeror’s securityholding percentage in the class of securities of
which the offeror acquired ownership or control in the transaction or
occurrence giving rise to the obligation to file the news release and
whether it was ownership or control that was acquired in those
circumstances:

On 20 September 2010, the Fund acquired 19,915,000 ordinary shares (the
“Shares”) of Woulfe Mining Corp. (“Woulfe Mining”) representing
approximately 9.01% of the issued and outstanding Shares of Woulfe
Mining on a partially diluted basis, based on 212,292,250 issued and
outstanding Shares of Woulfe Mining.

(3) Designation and number or principal amount of securities and the
offeror’s securityholding percentage in the class of securities
immediately after the transaction or occurrence giving rise to
obligation to file the news release:

As of 20 September 2010, the Fund beneficially owned 24,056,243 Shares
and 8,820,621 Share purchase warrants (the “Wararnts”) of Woulfe Mining
representing approximately 14.86% of the issued and outstanding Shares
on a partially diluted basis, assuming exercise of the Warrants by the
Fund.

(4) Designation and number or principal amount of securities and the
percentage of outstanding securities of the class of securities
referred to in paragraph (3) over which

(i) the offeror, either alone or together with any joint actors, has
ownership and control:

Not applicable.

(ii) the offeror, either alone or together with any joint actors, has
ownership but control is held by other persons or companies other than
the offeror or any joint actor:

As of 20 September 2010, the Fund beneficially owned 24,056,243 Shares
and 8,820,621 Warrants representing approximately 14.86% of the issued
and outstanding Shares on a partially diluted basis, assuming exercise
of the Warrants by the Fund.

(iii) the offeror, either alone or together with any joint actors, has
exclusive or shared control but does not have ownership:

Not applicable.

(5) Name of the market in which the transaction or occurrence that gave rise
to the news release took place:

The transaction took place by private agreement outside of the
facilities of the TSX-Venture Exchange.

(5.1) The value, in Canadian dollars, of any consideration offered per
security if the offeror acquired ownership of a security in the
transaction or occurrence giving rise to the obligation to file a news
release:

The consideration paid by the Fund was Cdn.$0.15 per Share.

(6) Purpose of the offeror and any joint actors in effecting the transaction
or occurrence that gave rise to the news release, including any future
intention to acquire ownership of, or control over, additional
securities of the reporting issuer:

The Shares of Woulfe Mining were acquired by the Fund in the ordinary
course of its business as an investment fund. The Shares were not
acquired for the purpose of acquiring, changing or influencing the
control of Woulfe Mining. The Fund may acquire or dispose of
additional Shares or Warrants from time to time.

(7) General nature and the material terms of any agreement, other than
lending arrangements, with respect to securities of the reporting
issuer entered into by the offeror, or any joint actor, and the issuer
of the securities or any other entity in connection with the
transaction or occurrence giving rise to the news release, including
agreements with respect to the acquisition, holding, disposition or
voting of any of the securities:

Not applicable.

(8) Names of any joint actors in connection with the disclosure required by
this report:

Not applicable.

(9) In the case of a transaction or occurrence that did not take place on a
stock exchange or other market that represents a published market for
the securities, including an issuance from treasury, the nature and
value of the consideration paid by the offeror:

See item 5.1 above.

(10) If applicable, a description of any change in any material fact set out
in a previous report by the entity under the early warning requirements
or Part 4 of National Instrument 62-103 in respect of the reporting
issuer’s securities:

Not applicable.

(11) If applicable, a description of the exemption from securities
legislation being relied on by the offeror and the facts supporting
that reliance:

Not applicable.

DATED AT Sydney, NSW, Australia this 23rd day of January, 2013.

CFS WHOLESALE GLOBAL RESOURCES FUND by its Investment Manager, Colonial
First State Asset Management (Australia) Limited

By: “John Francis Greenhalgh”
Name: John Francis Greenhalgh
Title: Secretary

* This is a late filing.

EARLY WARNING REPORT
FILED PURSUANT TO NATIONAL INSTRUMENT 62-103 *

(1) Name and address of the offeror:

CFS Wholesale Global Resources Fund (the “Fund”)
Ground Floor Tower 1, 201 Sussex Street
Sydney, NSW, 2000, Australia
Attention: Matthew Doyle, Group Substantial Shareholding Team

(2) Designation and number or principal amount of securities and the
offeror’s securityholding percentage in the class of securities of
which the offeror acquired ownership or control in the transaction or
occurrence giving rise to the obligation to file the news release and
whether it was ownership or control that was acquired in those
circumstances:

On 5 August 2011, the Fund acquired 154,911 ordinary shares (the
“Shares”) of Woulfe Mining Corp. (“Woulfe Mining”) representing
approximately 0.06% of the issued and outstanding Shares of Woulfe
Mining on a partially diluted basis, based on 268,206,833 issued and
outstanding Shares of Woulfe Mining.

(3) Designation and number or principal amount of securities and the
offeror’s securityholding percentage in the class of securities
immediately after the transaction or occurrence giving rise to
obligation to file the news release:

As of 5 August 2011, the Fund beneficially owned 24,211,154 Shares and
8,820,621 Share purchase warrants (the “Warrants”) of Woulfe Mining
representing approximately 11.92% of the issued and outstanding Shares
on a partially diluted basis, assuming exercise of the Warrants by the
Fund.

(4) Designation and number or principal amount of securities and the
percentage of outstanding securities of the class of securities
referred to in paragraph (3) over which

(i) the offeror, either alone or together with any joint actors, has
ownership and control:

Not applicable.

(ii) the offeror, either alone or together with any joint actors, has
ownership but control is held by other persons or companies other than
the offeror or any joint actor:

As of 5 August 2011, the Fund beneficially owned 24,211,154 Shares and
8,820,621 Warrants representing approximately 11.92% of the issued and
outstanding Shares on a partially diluted basis, assuming exercise of
the Warrants by the Fund.

(iii) the offeror, either alone or together with any joint actors, has
exclusive or shared control but does not have ownership:

Not applicable.

(5) Name of the market in which the transaction or occurrence that gave rise
to the news release took place:

The transaction took place in the secondary market through the
facilities of the TSX-Venture Exchange.

(5.1) The value, in Canadian dollars, of any consideration offered per
security if the offeror acquired ownership of a security in the
transaction or occurrence giving rise to the obligation to file a news
release:

The consideration paid by the Fund was Cdn.$0.26 per Share.

(6) Purpose of the offeror and any joint actors in effecting the transaction
or occurrence that gave rise to the news release, including any future
intention to acquire ownership of, or control over, additional
securities of the reporting issuer:

The Shares of Woulfe Mining were acquired by the Fund in the ordinary
course of its business as an investment fund. The Shares were not
acquired for the purpose of acquiring, changing or influencing the
control of Woulfe Mining. The Fund may acquire or dispose of
additional Shares or Warrants from time to time.

(7) General nature and the material terms of any agreement, other than
lending arrangements, with respect to securities of the reporting
issuer entered into by the offeror, or any joint actor, and the issuer
of the securities or any other entity in connection with the
transaction or occurrence giving rise to the news release, including
agreements with respect to the acquisition, holding, disposition or
voting of any of the securities:

Not applicable.

(8) Names of any joint actors in connection with the disclosure required by
this report:

Not applicable.

(9) In the case of a transaction or occurrence that did not take place on a
stock exchange or other market that represents a published market for
the securities, including an issuance from treasury, the nature and
value of the consideration paid by the offeror:

Not applicable.

(10) If applicable, a description of any change in any material fact set out
in a previous report by the entity under the early warning requirements
or Part 4 of National Instrument 62-103 in respect of the reporting
issuer’s securities:

Not applicable.

(11) If applicable, a description of the exemption from securities
legislation being relied on by the offeror and the facts supporting
that reliance:

Not applicable.

DATED AT Sydney, NSW, Australia this 23rd day of January, 2013.

CFS WHOLESALE GLOBAL RESOURCES FUND by its Investment Manager, Colonial
First State Asset Management (Australia) Limited

By: “John Francis Greenhalgh”
Name: John Francis Greenhalgh
Title: Secretary

* This is a late filing.

EARLY WARNING REPORT
FILED PURSUANT TO NATIONAL INSTRUMENT 62-103 *

(1) Name and address of the offeror:

CFS Wholesale Global Resources Fund (the “Fund”)
Ground Floor Tower 1, 201 Sussex Street
Sydney, NSW, 2000, Australia
Attention: Matthew Doyle, Group Substantial Shareholding Team

(2) Designation and number or principal amount of securities and the
offeror’s securityholding percentage in the class of securities of
which the offeror acquired ownership or control in the transaction or
occurrence giving rise to the obligation to file the news release and
whether it was ownership or control that was acquired in those
circumstances:

On 30 January 2012, the Fund disposed of 134,000 ordinary shares (the
“Shares”) of Woulfe Mining Corp. (“Woulfe Mining”) representing
approximately 0.04% of the issued and outstanding Shares of Woulfe
Mining on a partially diluted basis.

(3) Designation and number or principal amount of securities and the
offeror’s securityholding percentage in the class of securities
immediately after the transaction or occurrence giving rise to
obligation to file the news release:

As of 30 January 2012, the Fund beneficially owned 29,983,775 Shares of
Woulfe Mining representing approximately 9.77% of the issued and
outstanding Shares.

(4) Designation and number or principal amount of securities and the
percentage of outstanding securities of the class of securities
referred to in paragraph (3) over which

(i) the offeror, either alone or together with any joint actors, has
ownership and control:

Not applicable.

(ii) the offeror, either alone or together with any joint actors, has
ownership but control is held by other persons or companies other than
the offeror or any joint actor:

As of 30 January 2012, the Fund beneficially owned 29,983,775 Shares
representing approximately 9.77% of the issued and outstanding Shares.

(iii) the offeror, either alone or together with any joint actors, has
exclusive or shared control but does not have ownership:

Not applicable.

(5) Name of the market in which the transaction or occurrence that gave rise
to the news release took place:

The transaction took place in the secondary market through the
facilities of the TSX-Venture Exchange.

(5.1) The value, in Canadian dollars, of any consideration offered per
security if the offeror acquired ownership of a security in the
transaction or occurrence giving rise to the obligation to file a news
release:

Not applicable.

(6) Purpose of the offeror and any joint actors in effecting the transaction
or occurrence that gave rise to the news release, including any future
intention to acquire ownership of, or control over, additional
securities of the reporting issuer:

The Shares of Woulfe Mining were disposed of by the Fund in the ordinary
course of its business as an investment fund. The Shares were not
disposed of for the purpose of acquiring, changing or influencing the
control of Woulfe Mining. The Fund may acquire or dispose of
additional Shares or Warrants from time to time.

(7) General nature and the material terms of any agreement, other than
lending arrangements, with respect to securities of the reporting
issuer entered into by the offeror, or any joint actor, and the issuer
of the securities or any other entity in connection with the
transaction or occurrence giving rise to the news release, including
agreements with respect to the acquisition, holding, disposition or
voting of any of the securities:

Not applicable.

(8) Names of any joint actors in connection with the disclosure required by
this report:

Not applicable.

(9) In the case of a transaction or occurrence that did not take place on a
stock exchange or other market that represents a published market for
the securities, including an issuance from treasury, the nature and
value of the consideration paid by the offeror:

Not applicable.

(10) If applicable, a description of any change in any material fact set out
in a previous report by the entity under the early warning requirements
or Part 4 of National Instrument 62-103 in respect of the reporting
issuer’s securities:

The Fund ceased to beneficially own any Share purchase warrants
(the”Warrants”) of Woulfe Mining on December 8, 2011 when it acquired
8,820,621 shares upon the exercise of 8,820,621 Warrants previously
owned by it.

(11) If applicable, a description of the exemption from securities
legislation being relied on by the offeror and the facts supporting
that reliance:

Not applicable.

DATED AT Sydney, NSW, Australia this 23rd day of January, 2013.

CFS WHOLESALE GLOBAL RESOURCES FUND by its Investment Manager, Colonial
First State Asset Management (Australia) Limited

By: “John Francis Greenhalgh”
Name: John Francis Greenhalgh
Title: Secretary

* This is a late filing.

SOURCE CFS Wholesale Global Resources Fund