THUNDER BAY, ON, Dec. 9, 2013 /CNW/ – Wolfden Resources Corporation (WLF:TSX-V) (“Wolfden” or the “Company“) is pleased to announce the signing of a definitive purchase agreement
(the “Agreement“) regarding the purchase by Wolfden of a large strategic land package
situated in the Bathurst Mining Camp in north-eastern New Brunswick.
comprising land holdings totaling more than 20,000 hectares (the “Property“) (see Wolfden news release dated November 20, 2013). The Bathurst
Mining Camp contains over 30 massive sulphide deposits including the
Brunswick No. 12 zinc-lead-silver deposit; a testament to its
world-class endowment and mineral potential.

The Property:

The Property adjoins Wolfden’s Armstrong Brook property immediately to
the west of it and contains a number of untested, up-ice, airborne
electromagnetic anomalies (MegaTEM & Aerodat frequency-domain surveys),
that may potentially host some of the bonanza-grade boulders on the
Armstrong Brook property (see attached Image 1). In addition, the Property contains 5 historic massive sulphide
deposits and numerous mineral occurrences including the Armstrong A, Armstrong B, Rocky Turn, McMaster and Canoe Landing Lake
deposits. The area is well served with access infrastructure and the Brunswick No.
12 mill is located approximately 25 kilometres to the east of the
Property. Historic resources are documented for these deposits in the table
below.

DEPOSIT	TONNAGE	%ZN	%PB	%CU	G/T AG	G/T AU
Armstrong A	3,377,000	3.26	0.42	0.29	25.37	0.41
Armstrong B	488,583	1.10	0.23	0.67	13.71	0.10
Rocky Turn	131,000	8.43	2.69	0.28	101.00	3.10
Canoe Landing Lake	22,800,000	1.82	0.64	0.56	32.23	1.17
McMaster	250,000			0.75

All of the deposits are historic mineral resources that are not
compliant with National Instrument 43-101 and cannot be relied upon for
valuation purposes. A qualified person has not done sufficient work to
classify the above historic resources as current mineral resources and
accordingly, the Company is not treating the historical estimates as
current mineral resources.

Wolfden intends to complete ground geophysical surveys early in 2014,
detailing the up-ice airborne electromagnetic anomalies as potential
sources for the massive sulphide boulders on the adjacent Armstrong
property situated to the east (see attached Image 2). It also plans on further exploring the Spruce Lake formation (“SLF”), a favourable felsic volcanic sequence that occurs over a minimum 25
kilometre strike-length on the Property. Notably, deposits including
the Rocky Turn and McMaster deposits hosted within the SLF were last
drilled in the 1960’s and to relatively shallow depths.

George Topping, Wolfden’s CEO, said, “This massive increase in Wolfden’s
property holdings dramatically increases our exploration
opportunities. This property addition provides accelerated development
options as it adds several known deposits with existing resources as
well as multiple highly prospective targets in one of Canada’s most
prolific yet underexplored mining camps. ”

The Transaction:

Wolfden acquired the Property from 8100896 Canada Inc., a wholly-owned
subsidiary of GeoVenCap Inc. (collectively the “Vendors”). Pursuant to the terms of the Agreement, Wolfden has agreed to purchase
all of the Vendors’ right, title and interest to and in the Property
for cash consideration of $125,000 and $100,000 in common shares of
Wolfden. The closing date of the transaction is expected to occur on or
about December 11, 2013 and is subject to the receipt of an approval
and vesting order from the Superior Court (Commercial Division) in
Qu bec and satisfaction or waiver of closing conditions typical for a
transaction of this nature. The transaction has been approved by the
TSX Venture Exchange.

The technical information in this news release has been prepared and
approved by Donald Hoy, P. Geo., President and a director of the
Company. Mr. Hoy is a Qualified Person under National Instrument
43-101.

This press release contains forward-looking information that involves
various risks and uncertainties regarding future events. Such
forward-looking information includes statements based on current
expectations involving a number of risks and uncertainties and such
forward-looking statements are not guarantees of future performance of
the Company, and include, without limitation, statements relating to
the acquisition of the Property. There are numerous risks and
uncertainties that could cause actual results and the Company’s plans
and objectives to differ materially from those expressed in the
forward-looking information in this news release, including without
limitation, the following risks and uncertainties;(i) risks inherent in
the mining industry; (ii) regulatory and environmental risks; (iii)
results of exploration activities and development of mineral
properties; (iv) stock market volatility and capital market
fluctuations; and (v) general market and industry conditions. Actual
results and future events could differ materially from those
anticipated in such information. These forward-looking statements are
based on estimates and opinions of management on the date hereof and
are expressly qualified by this notice.

Neither the TSX Venture Exchange nor its regulation services provides
(as that term is defined in the policies of the TSX Venture Exchange)
has reviewed or accepts responsibility for the accuracy or adequacy of
this release.

SOURCE Wolfden Resources Corporation

Image with caption: “Bathurst Mining Camp Property Acquisition – Image 1 (CNW Group/Wolfden Resources Corporation)”. Image available at: http://photos.newswire.ca/images/download/20131209_C8900_PHOTO_EN_34693.jpg

Image with caption: “Bathurst Mining Camp Property Acquisition – Image 2 (CNW Group/Wolfden Resources Corporation)”. Image available at: http://photos.newswire.ca/images/download/20131209_C8900_PHOTO_EN_34694.jpg