Wolfden Resources (WLFFF) Quote – Press Release

Conditions to Completion of the Qualifying Transaction

Completion of the proposed Qualifying Transaction is subject to a number of conditions precedent, including, but not limited to, (i) acceptance by the Exchange and receipt of other applicable regulatory approvals; (ii) completion of the AmAuCu Private Placement; (iii) receipt of the requisite approval of ChaiNode Shareholders of the Consolidation, the Name Change and the Continuance; and (iv) receipt of the requisite approval of AmAuCu Shareholders of the Amalgamation. There can be no assurance that the Qualifying Transaction will be completed as proposed or at all.

AmAuCu intends to apply to the Exchange for an exemption from the sponsorship requirements for the Qualifying Transaction based upon the AmAuCu Private Placement and/or other exemptions available in Exchange policies.

Proposed Directors and Senior Management Team

Upon the closing of the Qualifying Transaction, it is anticipated that Frank Balint, Joseph de la Plante, Sara Heston, Matt Manson, Ernest Mast, Brent Omland and Mario Stifano will constitute the Board of Directors of ChaiNode. It is also anticipated that the new senior management team of ChaiNode will be comprised of Ernest Mast (President and Chief Executive Officer), Gavin Nelson (Chief Financial Officer) and Mario Stifano (Executive Chairman). A Corporate Secretary will be selected prior to the closing of the Qualifying Transaction and information respecting the Corporate Secretary will be included in a subsequent news release.

The following are brief resumes of the currently proposed directors and senior officers of ChaiNode following the Qualifying Transaction:

Ernest Mast, Proposed President and Chief Executive Officer

Ernest Mast has 30 years of experience in various technical and executive roles in the mining industry, across a wide range of commodities, geographies and development stages. Currently the President and Chief Operating Officer of AmAuCu, Mr. Mast previously held the positions of President and Chief Executive Officer at Primero Mining Corp., Vice-President of Corporate Development at Copper Mountain Mining Corporation, Vice-President of Operations at New Gold Inc. and President and CEO of Minera Panama S.A., Inmet Mining Corporation’s subsidiary, developing the $6B Cobre Panama project. Mr. Mast began his career with Noranda Inc. and its affiliates, where he took on roles of increasing responsibility over a 20 year timeframe. Mr. Mast is a member of the l’ordre des ingénieurs du Québec and has Bachelors and Masters degrees in metallurgical engineering from McGill University. Mr. Mast also received post-secondary business training at Henley College in the UK and the Universidad Catolica in Chile.

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