Wolfden Continues to Hit High-Grade in Deep Drilling at Pickett Mtn. Wedge Hole 22A yields 5.9 m at 24.0% Zn, 11.8% Pb, 1.0% Cu, 324 g/t Ag & 1.4 g/t Au

Wolfden Continues to Hit High-Grade in Deep

Drilling at Pickett Mtn.

Wedge Hole 22A yields

5.9 m

at 24.0% Zn, 11.8% Pb, 1.0% Cu, 324 g/t Ag & 1.4 g/t Au

THUNDER BAY, ON

,

Sept. 25, 2018

/CNW/

- Wolfden Resources Corporation (WLF.V)

(the

"

Company

" or "

Wolfden

") is pleased to announce that additional deep drill holes in the Company's

ongoing infill and expansion drill program on its wholly-owned Pickett Mountain Project in

Maine USA

,

have intersected high-grade massive sulphide mineralization, in the West lens of the deposit.

Drill hole 22A, a wedge hole driven from and above the previously announced hole 22, intersected

the West Lens at a vertical depth of 520 metres from surface (approximately 40 metres above hole

22). The massive sulphide intersection is 5.9 metres in core length and contains

24.0% Zn, 11.8%

Pb, 1.0% Cu, 324 g/t Ag & 1.4 g/t Au.

Hole 22, announced on

July 9

th

, 2018, intersected 4.7

metres at

24.0% Zn, 10.0% Pb, 0.9% Cu, 267 g/t Ag & 1.6 g/t Au. over 4.7 metres

. These

grades are amongst the best in the deposit and similar to the deepest intersection at 800 metres

where the deposit remains open. True widths are approximately 70% of the core length.

In another wedge hole 23A, driven from and above hole 23, assay results are pending for multiple

intercepts of massive sulphide mineralization. This intersection is located 70 metres east of hole

22A and 30 metres above hole 23, at approximately the same depth of 520 metres. Of interest, in

this area there are multiple lenses of massive sulphides with hole 23 returning 2.5 metres at 20.3%

Zn, 3.8% Pb, 1.4% Cu, 78 g/t Ag, 1.0 g/t Au and 5.9 metres at 7.5% Zn, 3.2% Pb, 1.3% Cu, 65 g/t

Ag, 0.7 g/t Au (see press release

August 1

, 2018).

The above drill intercepts in combination with recently released results, comprise the deepest drilling

completed by the Company to date in the West Lens and clearly demonstrate the potential to

expand resources below a depth of 400 metres, where there was minimal historical drilling. The

latest results can be viewed on an updated vertical longitudinal drill section in the Pickett Mtn.

presentation

on the Company website

.

Furthermore, ongoing exploration work both local and regional to the main deposit, includes

prospecting, geological mapping, soil sampling and trenching on a number of prospective targets

generated by the Company's airborne VTEM and ground IP geophysical surveys. Several VTEM

conductors display similar geophysical signatures to those associated with both the East and West

lenses of the Pickett Mountain deposit and will be drill tested in further efforts to discover additional

massive sulphide lenses.

A second and larger drill rig is expected to arrive on the property in the coming weeks and will focus

on the deeper expansion drilling and allow the current smaller rig to focus on more shallow

intersections in the main zone and other exploration targets.

The Company is in the process of modelling the historical and recent drill results in order to generate

a an initial 43-101 compliant mineral resource estimate during the forth quarter and could be further

updated in 2019 as the drilling continues.

Quality Assurance / Quality Control

Wolfden adheres to strict Quality Assurance and Quality Control protocols including routine insertion

of blanks and certified reference standards in each sample batch of drill core that is sent to the lab

for analyses. Drill core samples are split in half using a diamond saw with one half saved for

reference and the other half shipped via secure transport to Activation Laboratories sample

preparation facility in

Fredericton

, New Brunswick. Core samples are analyzed for zinc, lead and

copper utilizing sodium peroxide fusion, acid dissolution followed by ICP-OES (Code 8). Gold is

analyzed by fire assay (30 g) utilizing AA finish (Code 1A2) and samples with over 5 g/t are analyzed

by fire assay with gravimetric finish (Code 1A3). Silver is analyzed by fire assay with gravimetric

finish (Code 8-Ag). The information in this news release has been prepared and approved by

Don

Hoy

, P. Geo., SVP Exploration and

Ron Little P. Eng

., President and CEO for the Company who are

both Qualified Persons under National Instrument 43-101.

About Wolfden

Wolfden is a Canadian exploration and development company focused on advancing its wholly

owned high-grade (Zn-Pb-Cu-Ag-Au) VMS Pickett Mountain Project in

Maine, USA

. Located close to

excellent infrastructure, the company plans to complete sufficient exploration, definition drilling and

various technical studies in order to demonstrate the economic potential for an underground mining

scenario on the Project.

Cautionary Statement Regarding Forward-Looking Information

This news release contains certain information that may constitute forward-looking information or

forward-looking statements under applicable Canadian and

United States

securities legislation

(collectively, "forward-looking information"), including but not limited to information about future

drilling activities at the Pickett Mountain

Project; the timing and completion of an anticipated

mineral resource estimate and technical studies at the

Pickett Mountain

Project; and the scope of

and the anticipated effect of new mining legislation in

Maine

. This forward-looking information

entails various risks and uncertainties that are based on current expectations and actual results

may differ materially from those contained in such information. These uncertainties and risks

include, but are not limited to, the strength of the global economy; the price of base metals and

minerals generally; operational, funding and liquidity risks; the degree to which mineral resource

estimates are reflective of actual mineral resources; the degree to which factors which would make

an underground mineral deposit commercially viable are present; the risks and hazards associated

with mineral exploration and mining operations; and the ability of Wolfden to fund its substantial

capital requirements and operations. 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

available at

www.sedar.com

. Readers are urged to read these materials.

Wolfden 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 law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.

SOURCE

Wolfden Resources Corporation

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/September2018/25/c5258.html

%SEDAR: 00033002E

For further information:

Ron Little, President and CEO at (613) 862-3699, or Don Hoy SVP

Exploration at (807) 624-1131.

CO: Wolfden Resources Corporation

CNW 06:55e 25-SEP-18