Blackwolf Copper and Gold Ltd. ('Blackwolf', or the 'Company') (TSXV:BWCG)(OTC:BWCGF) is pleased to announce that, further to its news release dated September 1, 2023, the Supreme Court of British Columbia has granted a final order approving the Company's previously announced acquisition of Optimum Ventures Ltd. ('Optimum') (the 'Transaction').

The Transaction is expected to close on or about September 12, 2023, subject to the Company obtaining final acceptance by the TSX Venture Exchange (the 'TSXV') and other customary conditions. Optimum is expected to be delisted from the TSXV once the Transaction has closed.

About Blackwolf Copper and Gold Ltd.

Blackwolf's founding vision is to be an industry leader in transparency, inclusion and innovation. Guided by our Vision and through collaboration with local and Indigenous communities and stakeholders, Blackwolf builds shareholder value through our technical expertise in mineral exploration, engineering and permitting. The Company holds a 100% interest in the high-grade Niblack copper-gold-zinc-silver VMS project, located adjacent to tidewater in southeast Alaska as well as five Hyder Area gold-silver and VMS properties in southeast Alaska and northwest British Columbia in the Golden Triangle, including the high-priority wide gold-silver veins at the Cantoo Property.

Contact:

Morgan Lekstrom

Tel: 250-574-7350

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