Thunder Bay, Ontario, January 13, 2020 – Wolfden Resources Corporation (WLF.V) (“Wolfden” or the “Company”) is pleased to announce positive assay results for a recent new discovery of a +200 meter open-ended stringer sulphide zone that represents a new target horizon for additional massive sulphide mineralization on its wholly owned Pickett Mountain Zn-Pb-Cu-Ag-Au Project in Maine, USA. Hole PX-001 drilled tested a 1,000 metre, coincident gravity and soil anomaly trend, situated 500 metres to the north and parallel to the Main Zone horizon (East and West Lenses) that hosts 2.05 Mt grading 19.3% ZnEq of indicated resources (9.9% Zn, 3.9% Pb, 1.4% Cu, 102 g/t Ag & 0.92 g/t Au) and 2.03 Mt grading 20.6% ZnEq of inferred resources (11.0 % Zn, 4.4% lead, 1.2% Cu, 111 g/t Ag & 0.92 g/t Au).