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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (19042)	8/24/2006 10:41:50 AM
From: LoneClone	Respond to of 78418

WLF News -- NIRB recommends in favour of High Lake Re-licensing program Thursday August 24, 9:20 am ET ca.us.biz.yahoo.com Shares Issued: 74,647,878 THUNDER BAY, ON, Aug. 24 /CNW/ - WOLFDEN RESOURCES INC. (TSX:WLF - News) is pleased to announce the favourable result of the Nunavut Impact Review Board (NIRB) screening as provided in their Decision Report, which recommends in favour of the High Lake Re-licensing Project proposal. The Re-licensing program involves advanced exploration in the Kitikmeot Region of Nunavut, Canada. With this screening decision, Wolfden has crossed a major hurdle in its effort to advance the Amaqqut Group of Projects. The decision also represents a major step forward in progressing the High Lake project towards production. Wolfden plans to submit the Environmental Impact Statement (EIS) for High Lake in September 2006. Wolfden's Re-licensing Project includes the construction of improved transportation and accommodation facilities at High Lake including a gravel airstrip at Sand Lake and a 12 km road from the airstrip to a modernized camp at the High Lake site. The NIRB screening decision enables Indian and Northern Affairs Canada, the Kitikmeot Inuit Association, the Department of Fisheries and Oceans Canada and the Nunavut Water Board to finalize terms and conditions and proceed with issuing their permits and authorizations for the Relicensing Project. Heavy cargo aircraft such as the C130 Hercules will be able to take off and land at the air strip for more cost-effective transportation of fuel and other goods and supplies to the site. Year-round air traffic will be possible and working conditions at the project site will be greatly improved with a new accommodation facility provided by Weatherhaven Structures of Burnaby, B.C. Wolfden will now be able to continue the advanced exploration and permitting activities in preparation for the start of construction and commencement of full production at High Lake. The next major step in the permitting process will be the submission of regulatory permit applications for the full-scale mining project with the accompanying filing of the High Lake EIS. The Company, along with its consultants Gartner Lee Limited and Wardrop Engineering Inc. will have these documents ready for filing in mid September 2006. 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. 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. For further information Ewan Downie, President, Phone: (807) 346-1668, Fax: (807) 345-0284, e-mail: Info@wolfdenresources.com Web Site: www.wolfdenresources.com -------------------------------------------------------------------------------- Source: Wolfden Resources Inc.