CFS Wholesale Global Resources Fund Completes Historical Early Warning Reporting Disclosure Filings Respecting Shares and Warrants of Woulfe Mining Corp. With British Columbia and Alberta Securities Commissions

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 23rd 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