Mr. Morgan Lekstrom reports

BLACKWOLF ANNOUNCES $2,500,800 PRIVATE PLACEMENT

Blackwolf Copper and Gold Ltd. has arranged a non-brokered private placement of up to 10.42 million units of the company at a price of 24 cents per unit for up to total gross proceeds of up to $2,500,800 (all figures in the current release are in Canadian dollars).

Each unit will comprise one common share and one share purchase warrant. Each share purchase warrant shall be exercisable to acquire one common share at a price of 35 cents per common share for a period of 24 months from the date of issuance.

The net proceeds of the offering will be used to finance exploration activities at the company's three projects including Niblack, Cantoo and the Harry project, as well general working capital purposes.

The company will pay to certain finders a cash fee equal to 6 per cent of the gross proceeds from the sale of units to subscribers introduced by a particular finder and will issue finder warrants equal to 6 per cent of the found units sold pursuant to the offering. Finder's warrant will entitle the holder thereof to purchase one common share of the company at a price of 35 cents per finder's warrant share for a period of 24 months from the date of issuance.

The closing of the offering is subject to certain conditions including the receipt of all necessary regulatory approvals, including the acceptance of the TSX Venture Exchange. The securities issued under the offering will be subject to the standard four-month hold.

About Blackwolf Copper & Gold Ltd.

Blackwolf's founding vision is to be an industry leader in transparency, inclusion and innovation. Guided by its vision and through collaboration with local and indigenous communities and stakeholders, Blackwolf builds shareholder value through its technical expertise in mineral exploration, engineering and permitting. The company holds a 100-per-cent interest in the high-grade Niblack copper-gold-zinc-silver volcanogenic massive sulphide project, located adjacent to tidewater in southeastern Alaska, as well as six Hyder area gold-silver and base metal properties in southeastern Alaska and northwestern British Columbia in the Golden Triangle, including the Cantoo and Harry properties.

We seek Safe Harbor.