Wolfden Resources Corporation (WLF:TSX-V) (“Wolfden” or the “Company”) is pleased to announce that has entered into a purchase and sale agreement dated September 6, 2017 (the “Purchase Agreement”) with an arm’s length third party to acquire a 100% interest in property located in Pickett Mountain, Penobscot County, northern Maine, U.S.A. (the “Property”) for a cash purchase price of US$8.5 million (the “Acquisition”).