Wolfden Resources Corporation reported additional positive step-out drill results proximal to the known polymetallic mineral resource of the Company's wholly owned Pickett Mountain deposit in Northeastern Maine. Hole PM20-07 intersected 52.9% ZnEq over 0.75 metres that is comprised of 24.2% Zn, 11.2% Pb, 3.1% Cu, 514 g/t Ag and 2.1 g/t Au from 678.7 to 679.45 metres down the hole. The intersection occurs in a footwall lens that roughly parallels the East and West Lenses, 150 metres to the north. The intercept has an estimated true width of 0.52 metres and is situated approximately 100 metres to the east of holes PM18-31 and 31A (a wedge hole off 31) that previously intersected the same footwall lens returning 24.7% ZnEq over 7.1 meters and 9.0% ZnEq over 9.1 metres (5.7 and 7.8 metres true width). Assays are pending for additional narrow intervals of footwall massive sulphide mineralization, that appear to correlate with this intercept, including in recent drill holes PM-20-G56-ext (138 metres above and to the west), PM20-13 (785 metres above and to the west), PM20-15 (775 metres above and to the west) and PM20-16 (708 metres above and west). Further drill testing of this narrow and higher-grade massive sulphide lens, is expected to occur this winter, once all assays have been received and evaluated. Geology of the Footwall Lens: The footwall massive sulphide lens appears to be hosted or associated with a debris flow/carbonate-enriched interval that occurred between two pulses of felsic volcanism some 150 to 200 metres below the West and East massive sulphide lenses. Alteration varies from weak to intense chlorite and sericite and also includes variable amounts of sulphide stringer mineralization. The footwall lens remains largely untested as most of the drilling to date was not deep enough. To date 22 of 24 holes have intersected stringer to massive sulphide mineralization within a 1,000 by 700 metre initial target area. Also associated and paralleling the footwall lens is stringer mineralization that is hosted in a moderate to intensely altered, quartz (+- feldspar) porphyry. Assays are pending for this mineralization type in holes PM20-16 and 17 as announced on December 8, 2020. Both the footwall lens and quartz porphyry stringer mineralization are believed to have economic potential and will both be the focus of the next round of drilling. Laboratory turn-around time for assays has been approximately eight weeks and additional results are expected in the coming weeks. Drilling can be carried out on the project year-round. Wolfden adheres to strict Quality Assurance and Quality Control protocols including routine insertion of blanks and certified reference standards in each sample batch of drill core that is sent to the lab for analyses. Drill core samples are split in half using a diamond saw with one half saved for reference and the other half shipped via secure transport to Activation Laboratories sample preparation facility in Fredericton, New Brunswick. Core samples are analyzed for zinc, lead, copper and silver utilizing 4-acid dissolution followed by ICP-OES (Code 8). Gold is analyzed by fire assay (30 g) utilizing AA finish (Code 1A2) and samples with over 5 g/t are analyzed by fire assay with gravimetric finish (Code 1A3). Silver over 100 g is analyzed by fire assay with gravimetric finish (Code 8-Ag).