Wolfden Announces Grant of Options
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Wolfden Announces Grant of Options
February 5, 2021 – Wolfden Resources Corporation (WLF.V) (the "Company" or "Wolfden") announces that it has
granted a total of 1,750,000 options to purchase common shares of the Company to certain directors, officers, employees
and consultants pursuant to the Company's Share Incentive Plan. Such options have an exercise price of $0.3 2 per
common share and expire on February 4 , 202 6. The grant relates in part to the Company’s annual review of
compensation and notes that the last meaningful grant of options was in 2018.
About Wolfden
Wolfden is a n exploration and development compan y focused high-margin deposits in good jurisdictions. Its wholly
owned Pickett Mountain Project is one of the highest-grade polymetallic projects in North America (Zn, Pb, Cu, Ag, Au).
This relatively advanced project is well -located near excellent infrastructure that will support straight forward
development as detailed in a Preliminary Economic Assessment date September 14, 2020.
For further information please contact Ron Little, President & CEO, at (807) 624-1136.
Cautionary Statement Regarding Forward-Looking Information
This press release contains forward-looking information (within the meaning of applicable Canadian securities legislation) 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 completion of the Offering, the use of
proceeds of the Offering, metal price assumptions, cash flow forecasts, projected capital and operating costs, metal or mineral
recoveries, mine life and production rates, and other assumptions used in Preliminary Economic Assessment dated September 14,
2020, information about future activities at the Pickett Mountain Project that include plans to complete additional drilling and pre -
permitting (rezoning petition), the results of the Preliminary Economic Assessment dated September 14, 2020, the potential upside
of the Pickett Mt. Project, and the timing and commencement of future drill programs in Maine, Manitoba and New Brunswick. There
are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materia lly
from those expres sed 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) risks relating to the estimation of mineral resources; (v) stock market volatility an d capital
market fluctuations; and (vi) general market and industry conditions. Actual results and future events could differ mat erially from
those anticipated in such information. This forward-looking information is based on estimates and opinions of management on the
date hereof and is expressly qualified by this notice. Risks and uncertainties about the Company's business are more fully discussed
in the Company's disclosure materials filed with the securities regulatory authorities in Canada at www.sedar.com. The Compan y
assumes no obligation to update any forward-looking information or to update the reasons why actual results could differ from such
information unless required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.