Wolfden Resources (WLFFF) Quote – Press Release

Completion of the proposed Qualifying Transaction is subject to, among other things, receipt of all necessary regulatory and shareholder approvals.

About AmAuCu

AmAuCu is a private corporation incorporated under the Canada Business Corporations Act on April 11, 2017 and is engaged in the acquisition, exploration and evaluation of mineral properties.

AmAuCu, through its wholly-owned subsidiary CBAY Minerals Inc., holds a 100% interest in the exploration-stage Corner Bay Project and the exploration-stage Cedar Bay Project, both located in the vicinity of Chibougamau, Quebec. The Corner Bay Project has an indicated resource of 1.35 Mt at average grades of 3.01% Cu and 0.29 g/t Au, containing 89.8 Mlb of copper and 13,000 ounces of gold, and an inferred resource of 1.66 Mt at average grades of 3.84% Cu and 0.27 g/t Au, containing 140.3 Mlb of copper and 15,000 ounces of gold, assuming a cut-off grade of 1.5% Cu and a copper price of US$3.25 per pound. The Cedar Bay Project has an indicated resource of 130 kt at average grades of 9.44 g/t Au and 1.55% Cu, containing 39,000 ounces of gold and 4.4 Mlb of copper, and an inferred resource of 230 kt at average grades of 8.32 g/t Au and 2.13% Cu, containing 61,000 ounces of gold and 10.8 Mlb of copper, assuming a cut-off grade of 2.9 g/t Au and a gold price of US$1,400 per ounce. AmAuCu’s drill program has been successful at expanding the resources at the Corner Bay Project and confirming three high grade veins at the shaft bottom depth at the Cedar Bay Project. Both deposits are open along strike and down dip. Both the Corner Bay Project and the Cedar Bay Project are accessible by road and are approximately 20 km apart. Mineralization from both the Corner Bay Project and the Cedar Bay Project would be treated at AmAuCu’s Copper Rand mine property located 8 km west of Chibougamau, Quebec.

The mineral resource estimates were prepared by Luke Evans, M.Sc., P.Eng., of Roscoe Postle Associates Inc., an independent “Qualified Person” within the meaning of National Instrument 43-101, and have an effective date of December 31, 2018. A technical report in support of the mineral resource estimates described herein and prepared in accordance with National Instrument 43-101 will be filed on SEDAR within 45 days from the date of this news release.

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