Woulfe Mining (Wolfram, Molybden, Gold)

Even with the possibility of increased production outside of China, however, tungsten buyers should be prepared for tungsten prices to remain high for the foreseeable future. Indeed, some economic forecasters feel upward price pressures on raw materials represent the new reality, and an increasing economic trend.

The decrease in supply from the Democratic Republic of Congo (DRC) due to the conflict minerals bill passed by the U.S. government is also another factor to consider for supply-demand fundamentals in this market.

In the meantime China has raised export quotas for silver, tungsten and antimony for 2011. China had earlier decreased export quotas for the metal since 2008. As of this year the quota stands at 15,700 tonnes, a reduction of 300 tonnes over 2010. The tight supply of the metal, as well as increased demand has sent prices through to all time highs. The price for ferrotungsten as of Feb. 23 is at $50 per kg, tungsten APT is quoted at $380 per mtu. These prices are well over the record highs reached last week of $45 per kg.

The biggest new market which is still yet to come is the composite market. This new technology allows to nano-coat tungsten particles with polymers to create a bendable product that replaces lead. While the technology has yet to get traction, but when it does it could comprise 5-10 percent of the market.

www.scrapmonster.com/news/tungsten-prices-brighten-se…

You are invited to meet Brian Wesson CEO and President of WoulfeMining at
The Royal York Hotel Toronto on March 6th between 2 pm – 4 pm duringthe 2011 Prospectors and Developers Association of Canada - Mining InvestmentShow.

Woulfe Mining would like to invite you to ourthe hospitality suite Salon 7 at the Royal York Hotel on Sunday March 6th,during the Toronto PDAC Trade Show being held Sunday March 6th throughWednesday March 9th, 2011 at the Metro Toronto Convention Centre.
Please RSVP as space is limited byemailing nsmith@nicolastreetcapital.com .
Woulfe will be hosting a corporatepresentation/update in Salon 7 at the Royal York Hotel on March 6th from 2 pm to 4 pm. President Brian Wesson willbe speaking and will be available for questions. The hotel is within walkingdistance of the conference. Snacks and refreshments will be served.
THE FAIRMONT ROYAL YORK
Salon 7
100Front Street W
Toronto, Ontario
Canada
M5J1E3
Foradditional PDAC conference information, including registration and hours click HERE
About Woulfe MiningCorp.
WoulfeMining Corp. is a TSX-Vlisted company with a diversified portfolio of mining licenses for tungsten,molybdenum, gold, base metals and uranium-vanadium in South Korea.
The company's current projects include the Sangdongtungsten-molybdenum mine, historically, one of the largest tungsten mines inthe world; the Muguk gold-silver mine, formerly South Korea's largest goldmine, as well as a number of other properties with significant knownmineralization and excellent regional exploration potential.
Woulfe has high expectations for near-term, low-costproduction. The company has assembled a highly skilled, in-country, bilingualtechnical team and a board of directors with an outstanding track record ofsuccess.
For further information please contact
Nick Smith
Investor Relations
Woulfe Mining
T: 415.829.7865
nsmith@nicolastreetcapital.com