Wednesday, February 21, 2007
WOLFDEN RECEIVES POSITIVE RECOMMENDATION FROM THE NUNAVUT IMPACT REVIEW BOARD

Shares Issued: 88,647,878

WOLFDEN RESOURCES INC. (TSX:WLF) is pleased to announce that the Nunavut Impact Review Board (NIRB) has completed its screening of the High Lake project and has stated to the Hon. Jim Prentice, Minister of Indian and Northern Affairs Canada, in a letter dated February 20 2007, that “After examining the Project Proposal and comments received, NIRB has determined that, pursuant to Section 12.4.4(b), the Project requires a public review under Part 5 or 6 of the NCLA” (Nunavut Land Claim Agreement).

“This positive recommendation demonstrates significant advancement of the High Lake Project,” commented Ewan Downie, President and CEO. “The board has recommended a Part 5 or 6 Review and demonstrates continued support of the High Lake Project from regulatory authorities and represents another milestone in our steady progress towards building major infrastructure and the construction of the first major copper and zinc mine in the Kitikmeot Region of Nunavut.”

This determination was based on the information provided in the Project Proposal filed with NIRB on November 17, 2006 and on comments from regulatory authorities. This decision allows formal commencement of the Environmental Assessment for the project and is in agreement with Wolfden’s internal assessment of the scope of the environmental assessment. NIRB also stated in its letter to Minister Prentice its desire to have effective co-ordination of the Project’s review by means of the draft Transition Agreement worked out between the parties under both NIRB and Canadian Environmental Assessment Agency’s procedures that “NIRB wants to move this project forward to review as soon as possible”.

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

. Wolfden is debt free and has a strong treasury.

For further information, please contact:
Ewan Downie, President & CEO           Phone: 807-346-1668                 Fax: 807-345-0284
Or Naomi Nemeth, Vice President, Investor Relations                 Phone: 416-304-6601
e-mail: Info@wolfdenresources.com                   Web Site: www.wolfdenresources.com

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.

Wolfden Resources Inc


	CODE : WLF.V

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Wolfden Res. is a exploration company based in Canada.

Wolfden Res. produces gold in Canada, and holds various exploration projects in Canada and in South Africa.

Its main asset in production is LUPIN MINE in Canada and its main exploration properties are RAPSON BAY, CASUMMIT LAKE and FOLLANSBEE in Canada.

Wolfden Res. is listed in Canada. Its market capitalisation is CA$ 308.2 millions as of today (US$ 330.1 millions, € 245.9 millions).

Its stock quote reached its highest recent level on June 18, 2007 at CA$ 3.80, and its lowest recent point on December 09, 2016 at CA$ 0.08.

Wolfden Res. has 81 100 000 shares outstanding.

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Corporate news of Wolfden Resources Inc

6/5/2007	HIGH LAKE RECEIVES PART 5 REVIEW STATUS
5/17/2007	Commencement Of Compulsory Acquisition By Zinifex
5/11/2007	CHANGES TO BOARD AND MANAGEMENT AND CANCELLATION OF SHAREHOL...
5/9/2007	ZINIFEX LIMITED ACQUIRES 95% OF WOLFDEN RESOURCES INC.
3/19/2007	WOLFDEN RESOURCES INC. AND ZINIFEX LIMITED ENTER INTO SUPPOR...
2/21/2007	Receives positive recommendation from the Nanavut Impact Re...

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TSX-V (WLF.V)
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Wolfden Resources Inc

Receives positive recommendation from the Nanavut Impact Review Board

Wolfden Resources Inc