Toronto, Ontario, August 19, 2026 – Wolfden Resources Corporation (WLF.V) (“Wolfden” or the “Company”) is pleased to announce that it has completed proof of concept metallurgical testing on its wholly owned Canoe Landing volcanic massive sulphide deposit in central New Brunswick (see Figure 1) where the current potential in-situ precious metal value accounts for more than 50% of the total in-situ value. Given that standard flotation processing is expected to deliver reasonably high copper, lead zinc and silver recoveries, the work focused on how to best increase the gold recoveries from the ore which typically averages about 1.0 g/t Au. The results of that test work indicate that gold recoveries can be increased from 32 to 60 percent via Bio-oxidation and thereby the potential to significantly impact the economics of this large VMS deposit.
