High-Grade Ni-Cu-Co Deposits

In Manitoba and Zn-Pb-Cu-Ag

Deposits in New Brunswick
Substantial Upside

January 2017
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Key Management

Ewan Downie Chairman & Director

Currently President and CEO of Premier Gold Mines Limited
Founded the original Wolfden Resources Inc. and served as its President & CEO from to 1995 to 2007;
acquired by Zinifex for $360M
2003 Bill Dennis Prospector of the Year Award for Wolfdens discovery of the West Zone on the High
Lake Project in Arctic Canada

Donald Hoy President, CEO & Director

Prior to Wolfden VP Exploration and Development for Cliffs Natural Resources Inc.
VP Exploration for Freewest Resources Canada Inc. which was acquired by Cliffs Natural Resources
Inc. in 2009 for $240M
2009 Bill Dennis Prospector of the Year Award for Freewests discovery of the world-class Black Thor
chromite deposit located in the Ring of Fire area of Northern Ontario
Management have a proven track record in mineral discovery, exploration and finance and have
been directly involved in several base and precious-metal discoveries in North America over the
last 20 years

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MANITOBA

Hudson Bay
Campbellton

TETAGOUCHE VMS
PROJECT Bathurst
Edmundston Brunswick No. 12
Zn-Pb-Ag Mine
Thompson
Miramichi
RICE ISLAND
Flin Flon Snow Lake
PROJECT
NICKEL ISLAND NEW BRUNSWICK
PROJECT

Moncton
Fredericton
Lake
Winnipeg

CLARENCE STREAM
PROJECT Saint John

Lake
Manitoba

Kenora Dryden
Brandon Winnipeg
0 100

Thunder kilometres
0 200
kilometres
Bay

Manitoba and New Brunswick are both mining friendly provinces with great exploration potential
Manitoba is ranked #19 in the world as the most favourable jurisdiction to undertake mining and
exploration (Fraser Institute Survey of Mining Companies 2015-2016)

Manitoba & New Brunswick Open for Business

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Rice Island Property Property Location and Geology

Recently consolidated property

now 2611 hectares

Located close to Town of Snow

Lake & Hudbays Stall Lake
concentrator

Felsic & mafic rocks of Lower

Amisk Group occur to the NW of
the Rice Island Ni-Cu-Co deposit
(hosts Cu-Zn massive sulphide
Regional Fault deposits)

Sediments of Upper Amisk Group

occur to the SW of the massive
sulphide deposits

Mafic intrusions (Rice Island

gabbro) intrude the sediments
and were likely emplaced along
RegionalFault
regional faults that propagate
dilation and pathways for
Ni-bearing magmatic
fluids
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Rice Island Property High-Grade Ni-Cu Sulphides

Brecciated, remobilized sulphides from Massive sulphides from the Main Zone
the New Lower Zone (feeder dike)
Rice Island Ni-Cu-Co
deposit drilled by Inco
Ltd. in 1947 and 1950
and has remained
dormant since
In 2015 and 2016
WLF completed
6,676 metres of
drilling,
While drilling the
historic Main Zone, a
new discovery was
Copper-rich semi-massive sulphide Billiard ball sulphides made by WLF below
New Lower Zone New Lower Zone
the Main Zone known
as the New Lower
Zone; intercepts
include 2.48%
Ni/15.6M, 3.97%
Ni/4.6M, 1.14%
Ni/14..1M & 2.42%
Ni/21.1M

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Rice Island Property Wolfden Diamond Drilling Results

In 2015-2016, Wolfden completed 6,676 metres of drilling in 29 drill holes; significant Ni-Cu-Co was intersected in 25 of the 25
holes drilled in the historical deposit locale; 3.83% Ni, 1.33% Cu, 0.17% Co/9.90m & 3.29% Ni, 1.32% Cu, 0.13% Co/12,4n
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Rice Island Property New Lower Zone, First Priority Target For
2017

2.42%Ni,1.29%Cu, Strong
Conductors
0.16%Co/21.1M

Recent EM survey completed by WLF (end of 2016)

defined several strong conductors below the New
Lower Zone suggesting persistence at depth
Collectively, conductors outline an area of 250 metres
by 300 metres prospective for additional
high-grade mineralization
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Rice Island Property Rice Island Deposit SW Extension,
Second Priority Target for 2017

2.57%Ni,1.07%Cu
0.08%Coover17.4m

1.14%Ni,0.07%Cu,
0.06%Coover14.1m

1.23%Ni,0.80%Cu,
0.13%Coover2.6m

1.07%Ni,0.83%Cu,
0.10%Coover6.3m

WLFs VTEM survey is suggestive of an extension of Ni-Cu-Co mineralization to SW of known deposit

Conductors and magnetic high (reflecting the known deposit) persist for 800 metres to the SW
3 drill holes completed by WLF all intersected Ni-Cu-Co in furthest holes drilled to the SW
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Rice Island Property Property Wide Anomalies, Third

Priority Target For 2017
The VTEM survey outlined a
number of high-priority targets
with a similar geophysical
signature as at the Rice Island
Ni-Cu-Co deposit

Coincident magnetic highs

(magenta colours) and strong
conductors (small back dots)
are marked as the highest
priority for follow-up

The target located immediately

to the SW of the Rice Island
deposit and high-priority
targets to the NW of Rice
Island look to be very
prospective

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Eagle Ni-Cu-PGE Deposit, Michigan A Small Intrusion

Eagle Deposit Plan View Eagle Deposit Cross Section

EagleIntrusion

100 Metres
FeederZone

420 Metres

Takeaway is that you do not need a large intrusion to host an economic Ni-Cu-PGE deposit

Eagle contains 5MT at a grade of 3.0% Ni and 1.5% Cu as well 3.0 g/t PGE

Key is to understand the magmatic system and its channel-ways and fluid-flow
dynamics; Eagle East deposit was discovered by following the conduit over a
1 km distance that connects both the Eagle and Eagle East intrusions
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Rice Island Property Takeaways From Current Research on Ni-Cu

Deposits Globally as Applied to Rice Island
Importance of small
intrusions within strike-
slip faults with
transported sulphide
hosted in champagne
glass-shaped
intrusions, chonoliths
or dykes
Sulphide-laden magma
ascended up sub-
vertical conduit in a
structural zone from a
deeper seated source
Within this framework
there are multiple sites
for Ni-Cu
NewLowerZone mineralization
RiceIslanddeposit
At Rice Island we are
seeing these various
MainZone components;
RiceIslanddeposit
therefore great
potential to find
multiple
deposits
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Nickel Island Property Continuing First Nations Engagement

1940s discovery
made by INCO has
been idle for more
than 50 years
High grade Nickel
deposit with
indications of
significant PGEs
Nickel Island is a
deposit with a strike
length of >1km;
4.33% Ni/4.6m,
3.12% Ni/2.9m,
1.93% Ni/7.6m,
1.18% Ni/21.3m
Airborne geophysical
Open Along Strike and at Depth survey has identified
numerous conductors
located on-strike and
Longitudinal Section Looking Northwest in the immediate
vicinity of the
deposit

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Orvan Brook Property, Bathurst Mining Camp, New
Brunswick Priority Target Areas for Drilling
Wolfden recently
acquired the Orvan
Brook deposit by
claim staking

The Orvan Brook

horizon (dark black
line) is known to
wrap around a
large-scale fold and
is situated on the
north-south limb of
this fold
immediately up-ice
from the high-grade
massive sulphide
boulders

Largeclusterofhigh The target area for

grademassivesulphide
bouldersupto>20%Zn the bedrock source of
and300g/tAg the boulders (red
Potentialbedrocksource
ofthehighgrade oval) has seen
massivesulphide virtually no drilling
boulders
The Orvan Brook
deposit may
be drilled
as well
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Capital Structure

Capital Structure Wolfden Chart

Price (Jan 23, 2017) $0.115
52 Week Range $0.07 - $0.19
Market Capitalization $9.7 Million
Shares Outstanding 81.1 Million
Warrants and Options 12.8 Million
Net Cash $2.1 Million
Insider Ownership (basic) 17%

What to Look For:

Diamond drilling will be completed to test the strong conductors located below the New Lower Zone at Rice Island
in efforts to increase the tonnage of the high-grade Ni-Cu-Co mineralization
,
Additional drilling will be directed at extending the Rice Island deposit to the SW; testing a series of conductors that
coincide with a magnetic high; drilling may be completed on regional airborne anomalies as well

Diamond drilling on the Companys Orvan Brook Zn-Pb-Ag property in the Bathurst Mining Camp in
New Brunswick

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Donald Hoy, M.Sc., P. Geo.
President, CEO & Director
Tel: 807-624-1131

Website: www.wolfdenresources.com