Mr. Donald Hoy reports

WOLFDEN REPORTS INITIAL ASSAY RESULTS ON ROCKY TURN DRILLING, TETAGOUCHE PROPERTY, NEW BRUNSWICK

Wolfden Resources Corp. has released initial assay results obtained from preliminary diamond drilling of the Rocky Turn target on the company's wholly owned Tetagouche property. The property, comprising greater than 20,000 hectares, is located in the prolific Bathurst mining camp, 25 kilometres west of the city of Bathurst in northeastern New Brunswick.

The first two holes testing a coincident geophysical and geochemical anomaly located east of the Rocky Turn deposit (historical resource of 130,000 tonnes grading 8.43 per cent zinc, 2.69 per cent lead, 0.28 per cent copper, 101 grams per tonne silver and 3.1 grams per tonne gold) intersected 0.2 metre and 7.7 metres of massive sulphide in drill holes T-14-01 and T-14-02, respectively (see Wolfden news release dated Oct. 23, 2014). Subsequent to this disclosure, additional drilling has been completed on the Rocky Turn target and assay results from three drill holes have been received. The purpose of today's news release is to report on the initial assay results, and to provide an update on completed drilling and future planned work.

Rocky Turn drilling

Preliminary drilling has tested the Rocky Turn target over an intermittent strike length of 700 metres, from lines 800W to 1500W. Massive sulphide has been intersected in five of the seven drill holes over a strike length of 150 metres and to a vertical depth of 100 metres, in drill holes T-14-01, 02, 04, 05 and 06. Exploration holes T-14-07 and T-14-08, located on lines 1500W and 800W, did not intersect massive sulphides. The potential for massive sulphide mineralization thus remains open over a potential strike length of 700 metres between lines 800W and 1500W, and remains completely open at depth. Assays that have been received to date are tabulated.

                                         Massive sulphide  Massive sulphide   
                         From      To   intersected width        true width    Cu   Pb   Zn    Ag    Au
Hole No.  Co-ordinates     (m)     (m)                 (m)               (m)   (%)  (%)  (%) (g/t) (g/t)

T-14-01   L1400W, 200N  62.10   62.30                0.20              0.12              Assays pending  
T-14-02   L1300W, 200N  72.00   79.70                7.70              4.78  0.23 0.54 2.65    13  0.61
T-14-04   L1300W, 220N  41.80   43.40                1.60              1.05  0.27 2.01 4.76   105  1.63
Including               42.20   43.40                1.20              0.79  0.35 2.68 6.35   138  1.91
T-14-05   L1250W, 190N  82.40   84.50                2.10              1.35  0.03 0.31 1.35    14  0.35
Including               82.40   82.70                0.30              0.19  0.22 1.86 7.99    68  0.30 
T-14-06   L1300W, 350N 134.90  136.30                1.40              0.84              Assays pending  
T-14-07   L1500W, 335N                                                 Massive sulphide not intersected
T-14-08    L800W, 225N                                                 Massive sulphide not intersected

Additional drilling will be undertaken at the Rocky Turn target in efforts to obtain thicker intersections of massive sulphide and to gain additional information on the configuration of the mineralized body. Downhole electromagnetic surveys will be employed to assist in accomplishing this.

Drilling on the Rocky Turn target comprises part of a larger drilling program that will include drill testing the company's principal target area, V10. Recent work on V10 has identified several geophysical and geochemical anomalies thought to be prospective as bedrock source areas for several high-grade massive sulphide boulders located nearby (see Wolfden news release dated Oct. 21, 2014). Drilling will commence on the prospective V10 targets shortly.

All of the deposits are historic estimates that are not compliant with National Instrument 43-101 and cannot be relied upon for valuation purposes. A qualified person has not done sufficient work to classify the above historic estimates as current mineral resources and accordingly, the company is not treating the historical estimates as current mineral resources.

Analysis is completed by Activation Laboratories in Ancaster, Ont., utilizing the 1A2 -- fire assay AA, 1H INAA (INAAGEO)/total digestion and UT-7 sodium peroxide fusion (ICP and ICPMS) analytical packages.

We seek Safe Harbor.