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Gold/Mining/Energy : Wolfden Resources YWO.CDNX

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To: Pete who wrote (12)5/16/2002 5:08:10 PM
From: Al Collard   of 83
 
Wolfden Resources Inc. - Announcement

Thunder Bay, Ontario --

Shares Issued: 15,111,921

At the request of the TSX Venture Exchange, Wolfden Resources Inc.
("Wolfden) (TSX Venture:YWO) announces that it is not aware of any
material change in the affairs of Wolfden which has not been
generally disclosed and which accounts for the increase in the
market price of the common shares of Wolfden.

The Company is currently drilling with two drill rigs at the High
Lake property located in Nunavut, Canada. The results from the
drilling program will be announced upon receipt.

Wolfden is a Canadian based mineral exploration and development
company engaged in the exploration of economic mineral deposits.

For further information, please contact:
Ewan Downie, President
Phone: 807-473-6723 or 807-346-1668
Fax: 807-473-1977
e-mail: wolfden@baynet.net
Web Site: www.wolfdenresources.com
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