Wolfden Resources Corporation provided an update on local support for its wholly-owned high-grade polymetallic (Cu-Pb-Zn-Au-Ag) Pickett Mt. Project in Northern Maine in advance of Wolfden filing a rezoning application with the State to allow for the development of a modern underground mining operation. The Towns of Stacyville and Hersey have voted overwhelmingly in favor (92%) of the Company proceeding with its mine permitting process and have expressed interest in hosting the operation's processing facilities and tailings storage facilities, subject to approvals from Maine's DEP and conditions respectively enumerated by the towns.

Each Town represents an area of approximately 36 square miles and hosts numerous potential sites where infrastructure could be ideally located in a manner that avoids negative impacts to natural resources including, water, habitat, visual, noise, and air quality, amongst others. The Town of Hersey approved a Commercial/Industrial Mining Ordinance, and the Town of Stacyville passed a Town Resolution, both in favor of the project, that is planned and executed responsibly in accordance with State regulations. Maine's stringent regulations will ensure that any permitted mining operation is fully protective of the environment.

Wolfden's extensive and ongoing environmental, social and corporate governance efforts in Maine has been focused on providing education and communications to the local population surrounding Wolfden's proposed modern underground mining operation. The Company has been engaged, providing open and public presentations including town-hall meetings and information sessions focused on the benefits and potential impacts of the project. As part of the next steps, the Company has been working in parallel on a rezoning petition to allow for industrial use of a small portion of its 7,135 acre land package that hosts the Pickett Mt.

deposit. The rezoning application will focus only on the infrastructure required to construct and operate a small-footprint underground mine on the property located in T6 R6 WELS. The processing and tailings facilities are planned to be outside of T6 R6 WELS and will not be subject to the rezoning petition.

The entire project will be subject to Maine's stringent regulations which will ensure that any permitted mine and its facilities are fully protective of the environment.