February 8, 2021 – Wolfden Resources Corporation (WLF.V) (the “Company” or “Wolfden“) announces today announces that it intends to complete a non-brokered private placement (the “Offering”) of up to 1,500,000 common shares of the Company that are “flow-through shares” within the meaning in the Income Tax Act (Canada) (the “Flow-Through Shares”) at a price of $0.40 per Flow-Through Share for gross proceeds of up to $600,000. The Company may, in its sole discretion, increase the size of the Offering, by up to 15% for up to an additional 225,000 Flow-Through Shares.