High Lake receives Part 5 review status

    Shares Issued: 90,750,378

    THUNDER BAY, ON, June 4 /CNW/ - Wolfden Resources Inc. (WLF:TSX) is
pleased to announce that the Honourable Jim Prentice, Minister of Indian
Affairs and Northern Development Canada, has referred the High Lake project to
the Nunavut Impact Review Board (NIRB) for a review under Part 5 of the
Nunavut Land Claim Agreement.
    This decision paves the way for the public review stage of the High Lake
Project's Environmental Assessment. In Minister Prentices' letter of May 30,
2007 he notes that "a Part 5 review is appropriate" and that he "will also be
requesting that they (federal government ministries) work with Indian and
Northern Affairs Canada and a representative of the Environmental Assessment
Agency to develop a practical means to enable the delivery of federal
environmental assessment requirements in Nunavut through the Nunavut Impact
Review Board (NIRB) process". This announcement marks a significant milestone
in the project's progress through the Environmental Assessment process and
sets the tone for a cooperative effort amongst the federal government
regulators in conducting a timely and efficient review. The next step will be
for the NIRB to rule on the November 2006 submitted Project Proposal's
adequacy as a Draft Environmental Impact Statement, and to schedule the
technical review phase of the process. Assuming a favourable ruling on this,
the technical meetings and pre-hearing conference is expected to occur in the
fall of 2007, with public hearings on a Final EIS in the spring of 2008.
    Ewan Downie, President and CEO of Wolfden Resources Inc, said "This is a
culmination of a huge group effort between all stakeholders in the High Lake
project. The offices of NIRB and Indian Affairs and Northern Development have
worked closely with Wolfden and these productive relationships are
appreciated. The next step will be technical review and eventual public
hearings on the project prior to development".

    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.

    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
    %SEDAR: 00010215E

For further information:

For further information: Ewan Downie, President & CEO, Phone: (807)
346-1668, Fax: (807) 345-0284, e-mail: Info@wolfdenresources.com, Web Site:

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