Technical Report For The Pickett Mt. Project In Maine

THUNDER BAY, ON – Wolfden Resources Corporation reported that an independent technical report entitled “National Instrument 43-101 Technical Report, Preliminary Economic Assessment Pickett Mountain Project, Penobscot County, Maine.” The Base Case Financial Model of the Study Yields: $198 million After-tax NPV8% to Wolfden for an underground mine plan scenario; 37% After-tax IRR with a 2.4 year payback; and $147 million Initial capital expenditure including closure costs and 20% contingency.