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Gold/Mining/Energy : Bema(Bgo) and Arizona Star
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To: Bobby Yellin who started this subject8/8/2003 2:53:54 PM
From: Pete  Read Replies (1) of 10482
 
The Monument Bay Project, Manitoba
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Bema has provided a revised resource at the Monument Bay Project (Press
Release Aug. 7, 2003). Based on the 2003 winter drill program and previous
work, Bema has increased the inferred resource to 639,377 tonnes averaging
20.4 grams per tonne containing 418,371 ounces of gold. The resource was
calculated using 50 meter radius polygons on an inclined two-dimension
long-section with a cut off grade of 8 g/t gold and a minimum true width of
1 metre. High gold assays were cut to 100 g/t.
The majority of the winter 2003 program tested the recently discovered
Twin Lakes West Zone. The increase in the inferred resource at Monument Bay is
mainly as a result of this new discovery. A summer 2003 program has commenced
consisting of geological mapping and geochemical sampling. Diamond drilling
should recommence shortly.
The proceeds from the private placement will be used primarily to fund
the exploration of the Wolfden's High Lake Property, and for general working
capital.

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

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.

-30-

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