Wolfden Resources Inc. (WLF:TSX) is pleased to announce that the Honourable Jim Prentice, Minister of Indian Affairs and Northern Development Canada, has referred the High Lake project to the Nunavut Impact Review Board (NIRB) for a review under Part 5 of the Nunavut Land Claim Agreement.

This decision paves the way for the public review stage of the High Lake Project's Environmental Assessment. In Minister Prentices' letter of May 30, 2007 he notes that "a Part 5 review is appropriate" and that he "will also be requesting that they (federal government ministries) work with Indian and Northern Affairs Canada and a representative of the Environmental Assessment Agency to develop a practical means to enable the delivery of federal environmental assessment requirements in Nunavut through the Nunavut Impact Review Board (NIRB) process". This announcement marks a significant milestone in the project's progress through the Environmental Assessment process and sets the tone for a cooperative effort amongst the federal government regulators in conducting a timely and efficient review. The next step will be for the NIRB to rule on the November 2006 submitted Project Proposal's adequacy as a Draft Environmental Impact Statement, and to schedule the technical review phase of the process. Assuming a favourable ruling on this, the technical meetings and pre-hearing conference is expected to occur in the fall of 2007, with public hearings on a Final EIS in the spring of 2008.

Ewan Downie, President and CEO of Wolfden Resources Inc, said "This is a culmination of a huge group effort between all stakeholders in the High Lake project. The offices of NIRB and Indian Affairs and Northern Development have worked closely with Wolfden and these productive relationships are appreciated. The next step will be technical review and eventual public hearings on the project prior to development".

Wolfden is a Canadian-based mineral exploration and development company with a diversified portfolio of advanced stage properties and several ongoing exploration programs in Canada.

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.