Mr. George Topping reports

WOLFDEN TERMINATES LETTER OF INTENT FOR MURRAY BROOK AND ACQUIRES A 100% INTEREST IN A NEW NICKEL-COPPER PROPERTY

Further to its press release dated April 13, 2015, Wolfden Resources Corp. has decided to terminate the Murray Brook project acquisition process.

New project acquisition

Wolfden is pleased to announce that it has acquired a 100-per-cent interest in a quality nickel-copper property by claim staking. The property comprises 600 hectares and is located in east-central Manitoba.

The last work program completed on the property was during the period of 1956 to 1958. This work provides compelling evidence to define Kambalda-type nickel-copper mineralization on the property. The occurrence of spinifex-textured ultramafic flows containing significant nickel and copper assays was obtained from historic diamond drilling. This style of mineralization often contains appreciable platinum group elements (PGEs). Kambalda-type deposits are characterized by high nickel grades and tend to occur in clusters within the base of ultramafic flows in channel-like deposits.

Compilation of the historic data is currently continuing and a detailed property-wide, high-resolution airborne geophysical survey is planned to correlate with the known zones of nickel mineralization and to define additional targets elsewhere on the property (the last airborne geophysical survey flown on the property was in 1956). Diamond drilling is anticipated to commence following the completion of the airborne survey. Company working capital stands at $3.3-million of which $1.9-million is flow-through funds. As such, the company is well financed to resume exploration at its Tetagouche property in June, 2015, and a larger program on the new nickel property later in the year.

"After full due diligence, we decided that the share dilution expected for the Murray Brook acquisition was excessive," stated George Topping, chief executive officer of Wolfden. "We are very excited by the nickel project acquisition owing to its high discovery potential and the potential to define a sizable deposit."

The technical information in this news release has been prepared and approved by Donald Hoy, PGeo, president and a director of the company. Mr. Hoy is a qualified person under National Instrument 43-101.

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