Wolfden receives positive recommendation from the Nunavut Impact Review Board

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SOURCES INC. (TSX:WLF) is pleased to announce that the Nunavut Impact Review Board (NIRB) has completed its screening of the High Lake project and has stated to the Hon. Jim Prentice, Minister of Indian and Northern Affairs Canada, in a letter dated February 20 2007, that "After examining the Project Proposal and comments received, NIRB has determined that, pursuant to Section 12.4.4(b), the Project requires a public review under Part 5 or 6 of the NCLA" (Nunavut Land Claim Agreement). "This positive recommendation demonstrates significant advancement of the High Lake Project," commented Ewan Downie, President and CEO. "The board has recommended a Part 5 or 6 Review and demonstrates continued support of the High Lake Project from regulatory authorities and represents another milestone in our steady progress towards building major infrastructure and the construction of the first major copper and zinc mine in the Kitikmeot Region of Nunavut." This determination was based on the information provided in the Project Proposal filed with NIRB on November 17, 2006 and on comments from regulatory authorities. This decision allows formal commencement of the Environmental Assessment for the project and is in agreement with Wolfden's internal assessment of the scope of the environmental assessment. NIRB also stated in its letter to Minister Prentice its desire to have effective co-ordination of the Project's review by means of the draft Transition Agreement worked out between the parties under both NIRB and Canadian Environmental Assessment Agency's procedures that "NIRB wants to move this project forward to review as soon as possible". 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. %SEDAR: 00010215E

For further information:

For further information: Ewan Downie, President & CEO, Phone: (807)
346-1668, Fax: (807) 345-0284; Or Naomi Nemeth, Vice President, Investor
Relations, Phone: (416) 304-6601, e-mail: Info@wolfdenresources.com, Web Site:

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