TORONTO, July 21 /CNW/ - Woodruff Capital Management Inc. (WOO-TSX.V) (the "Company") is pleased to announce that the TSX Venture Exchange has conditionally approved the Company's purchase of the Scott Lake base metal massive sulphide property from Thundermin Resources Inc., in consideration of staged payments totalling $285,000 and the issuance of 300,000 treasury shares to Thundermin over a two year period. Upon reaching commercial production on any mineral deposit discovered on the property, the Company will make a final payment to Thundermin ranging from $1,000,000 to $4,000,000, depending on the size of deposit discovered, and issue to Thundermin an additional 1,000,000 treasury shares of Woodruff. For further details concerning this purchase please refer to the Company press release from July 6, 2005. The Company focuses on base metal exploration in accessible areas of Quebec, Ontario and Newfoundland. ------------------------------------------------------------------------- The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. ------------------------------------------------------------------------- %SEDAR: 00020132E